Market Analysis: Asia-Pacific Biopsy Devices Market

Asia-Pacific biopsy devices market is registering a substantial CAGR of 8.08% 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: Asia-Pacific 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: Asia-Pacific 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

• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Malaysia
• Thailand
• Indonesia
• Philippines
• Rest of Asia-Pacific

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Key Developments in the Market:

•  In May 2019, FUJIFILM Corporation today announced that it has entered into an arrangement to purchase medwork GmbH, a firm that creates and sells tools for therapy and diagnostic endoscopy. Medwork creates, produces and sells in-house endoscopic tools. The firm offers a high quality of its products used in endoscopic procedures for bile ducts, pancreatic ducts and digestive tracts and a broad variety of apps including lithotrite, polypectomy and biopsy*, which are spread in Europe and Asia, including Japan.
•  In January 2019, MobileODT, the maker of the Enhanced Visual Assessment (EVA) scheme, will work with Apollo Hospitals and Genworks to provide their FDA-cleared, mobile, smart colposcope. The project will implement the first large-scale Augmented Intelligence (AI) engine for use in the cervical cancer screening. This implementation will provide healthcare professionals with cutting-edge, yet a low-cost mobile technology connectivity to millions of women across the Indian subcontinent which previously had limited access to the life-saving cervical exams.

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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 Asia Pacific

Key Market Competitors:

Few of the major market competitors currently working in the Asia-Pacific biopsy devices market are BD, 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 Asia PacificB.V., B. Braun Melsungen AG, Cardinal Health, Siemens, General Electric Company, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Olympus Corporation, Medtronic, SRL Diagnostics  among others.

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