Global Aspiration and Biopsy Needles Market is Estimated to Value Over USD 1.19 Billion by 2026 End

  • 25 Oct 2019

Global Aspiration and Biopsy Needles Market is estimated to value over USD 1.19 billion by 2026 end and register a CAGR of over 7% during the forecast period 2019 to 2026.

Fine needle aspiration focuses on one particular kind of biopsy procedure. During the process of fine needle aspiration, a thin needle to inserted into the specific area of body fluid or tissue that appears abnormal. Just like with other procedures involving biopsies, a sample is drawn during the fine needle aspiration which aids in formulating a diagnosis and rules out the possibility of any conditions such as cancer. Fine needle aspiration is typically considered to be a secure and safe procedure. 

The needles which are used during biopsy and aspiration procedures are factors responsible for the significant aspiration and biopsy needles market growth. The market is fraught with a great deal of competition as there are many prominent players.

The aspiration and biopsy needles market is likely to be propelled by the growing cancer awareness which is initiated by several government and health organizations on a global scale, a high number of cancer-related occurrences and the tendency for people to opt for surgeries that are minimally invasive. In recent years, market analysis has shown that the breast cancer segment has captured enormous aspiration and biopsy needles market share owing to the prominence of development and research activities related to breast screening as well as diagnosis. Other factors also include acute awareness and knowledge about breast cancer and the rising incidences of breast cancer. However, the increased risk of infection following the insertion of aspiration and biopsy needles is expected to hamper the market potential in the future.

One of the players which has demonstrated major success in this industry is Cardinal Health as they have created innovative tools and devices such as the ChemoPlus Chemotherapy Training Kit. It is a training and certification program which offers the user a self-administered and hands-on training technique that can safely manage chemotherapy drugs. They have also produced another product known as ChemoPlus drug transport bag which is especially formulated to transport chemotherapy drugs in a safe manner. Cardinal Health has further created ChemoPlus Preparation and Administration Kits to aid in recommendations ONS, ASHP and NIOSH.

With end users, the aspiration and biopsy needles market is fragmented into academic institutes, hospitals, research laboratories, imaging and diagnostic centers. The segment for hospital is projected to grow, in part, because of the developing healthcare framework in emerging nations. 

Among the prominent players in the aspiration and biopsy needles market are Boston Scientific, Cardinal Health, Dickinson and Company, Merit Medical, Somatex Medical, Medtronic, Cook Group, Remington Medical, Argon Medical Devices, HAKKO, CONMED, Stryker and Becton

 

Global Aspiration and Biopsy Needles Market Segmentation:

By Product

  • Biopsy Needles

- CNB Needles

- VAB Needles

  • Aspiration Needles

 By Procedure

  • Image-Guided Procedures

- Ultrasound

- Stereotactic

- Magnetic Resonance Imaging (MRI)

- Other Image-Guided Procedures

  • Non Image-Guided Procedures

By Site

  • Breast
  • Lung
  • Colorectal
  • Prostate
  • Kidney
  • Bone and Bone Marrow
  • Other Sites

By Region

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

Objectives of the Study:

  • To provide with an exhaustive analysis on the global aspiration & biopsy needles market by product, by procedure, by site and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

 

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