Market Analysis: Europe Biopsy Devices Market

Europe biopsy devices market is registering a substantial CAGR of 7.18% in the forecast period of 2019-2026. This rise in the market value can be attributed to the increasing incidents of cancer and increasing government initiatives.

Market Definition: Europe Biopsy Devices Market

Biopsy is a medical test conducted to evaluate and eliminate the body's cancer tissue. Biopsy is often used to obtain tissue sample to diagnose the disease when a patient is presumed of having cancer. There are different kinds of biopsy used in cancer diagnosis, including skin biopsy, fine needle aspiration, vacuum biopsy, shave biopsy, incision and excision biopsy, and needle biopsy. In needles, mechanical biopsy devices and biopsy guides, along with technological advances in significant computed tomography (CT) and ultrasonography (US) imaging techniques, there have been constant improvements.

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Market Drivers

• Increasing incidents of cancer, is driving the growth of the market
• Increasing government initiatives, is helping in the growth of the market
• Surging demand for minimally invasive surgeries, are the major factor for the growth of the market
• Technological advancement in the field of biopsy devices, drives the market growth

Market Restraints

• Strict standards and regulation for the use of biopsy, hinders the growth of the market
• Expensive biopsy devices, also restricts the growth of the market
• Increasing complaints to breast cancer screening procedure, impeding growth of the market

Segmentation: Europe Biopsy Devices Market

By Product

• Needle-Based Biopsy Instruments
  • Core Biopsy Devices
  • Aspiration Biopsy Needles
  • Vacuum-Assisted Biopsy Devices
• Procedure Trays
• Localization Wires
• Other Products

By Application

• Breast Biopsy
• Lung Biopsy
• Colorectal Biopsy
• Prostate Biopsy
• Other Applications

By Guidance Technique

• Ultrasound-Guided Biopsy
• Stereotactic-Guided Biopsy
• Mri-Guided Biopsy
• Other Guidance Techniques

By End User

• Hospitals
• Academic and Research Institutes
• Diagnostic and Imaging Centers

By Country

• Germany
• Italy
• U.K.
• France
• Spain
• Netherlands
• Belgium
• Switzerland
• Turkey
• Russia
• Rest of Europe

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Key Developments in the Market:

• In April 2019, Hologic Inc. introduced Trident HD Specimen Radiography System. It was launched in Canada, Europe and United States. It is a next-generation product that provides improved picture quality, enhanced workflow and immediate test results during breast-conserving operations and stereotactic breast biopsies. With this launch the company expanded its product portfolio and offerings.
• In February 2019, Lunaphore has created a bit of next-generation immunohistochemistry (IHC) testing machinery, a popular method used to detect particular cancer biomarkers in the tissue samples from cancer patients following a biopsy. The device, known as LabSat, will be accessible for study apps in most European nations. A regular IHC test can be performed with LabSat in 10-30 minutes. This can have a enormous effect on the scheduling of study studies, particularly when many distinct protocols need to be optimized. LabSat enables tiny changes of the circumstances to be quickly tried one after the other.

Competitive Analysis:

Biopsy devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biopsy devices market for Europe

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Key Market Competitors:

Few of the major market competitors currently working in the Europe biopsy devices market are BD, Cook Group, Devicor Medical Products, Inc., ARGON MEDICAL., SOMATEX Medical Technologies GmbH, , Scion Medical Technologies, LLC, STERYLAB S.r.l., EndoMed Systems Alle Rechte vorbehalten, TSK Laboratory Europe B.V., B. Braun Melsungen AG, Cardinal Health, Siemens, General Electric Company, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Olympus Corporation, Medtronic, SRL Diagnostics  among others.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others

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