Biopsy Device Market Expected to Expand at a Steady Cagr Through 2026

Diagnosis of many medical conditions, such as cancer, is done by removing a sample of tissue from the patient’s body followed by its examination. This procedure is termed as biopsy. Biopsy is a medical procedure involving removal of tissue in order to examine the presence, cause or extent of a disease. The tissue samples may be taken from any part of the body. Growing prevalence of various forms of cancer and other infectious diseases are expected to drive the global biopsy device market. According to international cancer agencies, by 2030 the number of cancer incidence is expected to reach over 23 million which is directly expected to affect the number of required biopsies. There are two main types of biopsies, needle and surgical biopsy. A needle biopsy includes, core needle biopsy, a fine needle aspiration, stereotactic core needle biopsy and vacuum assisted biopsy. Superficial lumps or masses are diagnosed using fine needle aspiration biopsy. For cancer diagnosis a fine needle is inserted into the body mass for isolation of infected cell and tissues. Surgical biopsy includes incisional biopsy and excisional biopsy. Incisional biopsy involves removal of suspicious tissue for diagnosis whereas excisional biopsy involves surgical removal of entire lump along with normal tissue surrounding it. Biopsies can be performed on almost all organs like skin, heart, bladder, liver, breast, neck, bone marrow etc. Usually biopsies are performed as an out-patient procedure and do not require admission. Vacuum assisted biopsy procedure is the fastest growing biopsy procedure owing to rising cases of breast cancer worldwide. This is one of the most important diagnostic methods for the diagnosis of breast cancer.

The global market for biopsy devices is expected to exhibit a single digit CAGR over the forecast period (2016-2026).

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