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Breast Biopsy Devices Market Size

Report ID: FBI 5664

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Breast Biopsy Devices Market was over USD 1.93 Billion in 2023 and is anticipated to surpass USD 3.52 Billion by end of the year 2032, witnessing more than 6.9% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 1.93 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

6.9%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 3.52 Billion

19-23 x.x %
24-32 x.x %
Breast Biopsy Devices Market

Historical Data Period

2019-2023

Breast Biopsy Devices Market

Largest Region

North America

Breast Biopsy Devices Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

Rising incidence of breast cancer is fueling the demand for breast biopsy devices. Additionally, the growing awareness about the importance of early detection and increasing government initiatives for breast cancer screening are driving the market growth.

Technological advancements in breast biopsy devices, such as the development of automated and vacuum-assisted biopsy systems, are enhancing the accuracy and efficiency of procedures. This is expected to boost the adoption of these devices and drive market growth.

Increasing healthcare expenditure and growing investment in research and development activities in the field of breast cancer diagnosis are also contributing to the growth of the breast biopsy devices market.

Industry

Report Scope

Report CoverageDetails
Segments CoveredProduct, Technique, End-Use
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledStryker Boston Scientific FUJIFILM Holdings Argon Medical Devices, Inc Hologic Inc Cook Group Incorporated Becton, Dickinson and Company (BD) Medtronic plc Olympus Cardinal Health INRAD Inc Danaher B. Braun Melsungen AGS

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High cost associated with breast biopsy procedures and devices is a major restraint for market growth. The limited reimbursement coverage for these procedures in certain regions further hinders market expansion.

Stringent regulatory requirements for the approval of breast biopsy devices pose a challenge for market players. The lengthy and complex regulatory processes can delay product launches and limit market growth opportunities.

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Breast Biopsy Devices Market Size & Share, By Prod...

RD Code : 24