NEW YORK, April 28, 2022 /PRNewswire/ -- The Bone Biopsy Market value is set to grow by USD 45.03 million, progressing at a CAGR of 5.81% from 2021 to 2026, as per the latest report by Technavio. The market is segmented by type (needle biopsy and open biopsy) and geography (North America, Europe, Asia, and ROW).
Moreover, the bone biopsy market report also offers information on several market vendors, including Becton Dickinson and Co., BIOPSYBELL Srl, Cardinal Health Inc., Cook Medical LLC, Meditech Devices Pvt Ltd, Medtronic Plc, Merit Medical Systems Inc., Ranfac Corp., Shandong Weigao Group Medical Polymer Co. Ltd., and Stryker Corp. among others.
Download Our Sample Report to uncover new strategies to make the most of future growth opportunities
Market Segmentation
40% of the market's growth will originate from North America during the forecast period. The US is the key market for bone biopsy market in North America. Market growth in this region will be faster than the growth in the European and the ROW market. The high adoption of technology in the healthcare sector will facilitate the bone biopsy market growth in North America over the forecast period.
The bone biopsy market share growth by the needle biopsy segment will be significant during the forecast period. Needle biopsies are majorly performed for the better assessment of bone cancer within an outpatient setting. The need for highly skilled operators to handle imaging modalities like CT scans and the lower technical complexities involved in this method are driving the demand for bone biopsy needles for the extraction of normal bone tissues for biopsy. A needle biopsy is considered the gold standard procedure for bone biopsies.
Download Sample Report to gain further insights on the market share & contribution of various regions & segments
Company Profiles
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The bone biopsy market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
Download Our Sample Report for more vendor insights with product offerings & news
Market Dynamics
Key Driver:
The growing number of diagnostic centers is one of the driving factors for the bone biopsy market growth. In many countries, most of the healthcare services being delivered at home are primarily in urban areas, with a very low focus on rural areas. Many developing countries have a high percentage of people living in rural areas wherein diagnostic centers are very few in number and accessibility is low. Rural areas have a very high mortality rate from cancer that can be attributed to the lack of awareness of the disease, leading to ignorance about its diagnosis and treatment. During the forecast period, the increased availability of over-the-counter tests, the easy availability of biopsy solutions at a lower price, and the high number of research grants and funding projects will lead to the establishment of several diagnostic centers worldwide, especially in rural areas of developing countries, which will drive the market growth in the coming years.
Key Challenge:
The limited availability of skilled technicians is a big challenge for the growth of bone biopsy market vendors. Generally, a bone biopsy procedure needs to be carried out meticulously with very high accuracy to prevent any damage to the target area in patients, which can be achieved only through the skillful execution of the procedure. The lack of technical skills can lead to improper diagnosis and misleading results. In addition, an inexperienced handler of biopsy needles can accidentally break up the malignant cells present in a tumor, which can spread to other organs and areas of the body. Therefore, limited technical skills in handling biopsy needles and devices during a bone biopsy procedure can create a negative image among patients, leading to reduced adoption of the test procedure.
Download sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2022-2026
Related Reports:
Total Wrist Replacement Market by End-user and Geography - Forecast and Analysis 2022-2026: The total wrist replacement market share is expected to increase by USD 165.9 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.9%. To get more exclusive research insights: Download Our Sample Report
Bone Wax Market by Application and Geography - Forecast and Analysis 2022-2026: The bone wax market share is expected to increase by USD 12.66 million from 2021 to 2026, at a CAGR of 3.02%. To get more exclusive research insights: Download Our Sample Report
Bone Biopsy Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.81% |
Market growth 2022-2026 |
$ 45.03 million |
Market structure |
Fragmented |
YoY growth (%) |
5.50 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Becton Dickinson and Co., BIOPSYBELL Srl, Cardinal Health Inc., Cook Medical LLC, Meditech Devices Pvt Ltd, Medtronic Plc, Merit Medical Systems Inc., Ranfac Corp., Shandong Weigao Group Medical Polymer Co. Ltd., and Stryker Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article