Biopsy Needle Market Share

North America Market Statistics

North America biopsy needle market is estimated to account for revenue share of more than 41.2% by the end of 2037 owing to the presence of advanced healthcare infrastructure and significant investments in medical research and development, fostering innovation and adoption of cutting-edge biopsy technologies. A robust regulatory framework enhancing trust and confidence among healthcare professionals and patients is expected to further boost the market growth.

The biopsy needle market in the U.S. is expected to register a significant revenue share during the forecast period owing to increasing prevalence of several chronic diseases, rising availability of different types of biopsy needles, and presence of advanced healthcare infrastructure. Moreover, the public and private sectors are heavily investing in R&D activities to develop and launch advanced biopsy needles for better results.

APAC Market Analysis

Asia Pacific biopsy needle market is driven by a significant increase in the demand for minimally invasive procedures and a rise in cancer across the region. Factors that add to this surge include increasing investments in liquid biopsy techniques, rising inclination toward personalized healthcare, and a high adoption of advanced diagnostic tools in healthcare centers in APAC.

In India, the biopsy needle market is likely to experience an upsurge owing to enhancing healthcare system infrastructure, and government initiatives. Key Players in this region including Boston Scientific and Medtronic play a vital role in revolutionizing the scenario of diagnostics procedures and preparation of systematized treatment plans.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the biopsy needle market was over USD 1.7 billion.

The market size of the biopsy needle landscape is projected to surpass USD 3.8 billion by the end of 2037 expanding at a CAGR of 7.1% during the forecast period i.e., between 2025-2037.

The major players in the market are Becton, Medtronic Plc, Cardinal Health, Hologic Inc., Olympus Corporation, Argon Medical Devices Inc., Devicor Medical Products, Inc., Cook Group Incorporated, Boston Scientific Corporation, FUJIFILM Holdings Corporation, Dickinson and Company, and INRAD, Inc.

In terms of product, the biopsy needle guns segment is anticipated to garner the largest market share of 64.1% by 2037 and display significant growth opportunities during 2025-2037.

The market in North America is projected to hold the largest revenue share of 41.2% by the end of 2037 and provide more business opportunities in the future.

Biopsy Needle Market Share