Companies are adopting a wide range of strategies to remain competitive in the market. This includes development and innovations, majorly in tissue biopsies, liquid biopsies, and advanced molecular diagnostics. For instance, in September 2023, Mermaid Medical launched M∙Biopsy semi-automatic and fully automatic biopsy needles, for soft tissue biopsy solutions. Collaborations and partnerships with research institutions, diagnostic labs, and pharmaceutical companies are also common, allowing firms to expand their technological capabilities. Regulatory approvals are also explored strategically by these prominent players for obtaining certifications and meeting global standards.
Some of the prominent players in the market include:
Author Credits: Radhika Pawar
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