Education

Europe Biopsy Devices Market Analysis: Forecast Report 2024-2032

Europe Biopsy Devices Market Analysis

The Europe biopsy devices market reached US$ 636.4 million in 2023 and is projected to grow at a CAGR of 5.99% from 2024 to 2032, reaching US$ 1,074.0 million by 2032. Biopsy devices play a crucial role in European healthcare, extracting tissue samples essential for diagnosing conditions such as cancer. The increasing cancer rates and a growing focus on early detection and personalized treatments drive demand for these devices. Innovations in minimally invasive techniques further enhance their adoption.

Growth Factors

  1. Persistent Health Conditions: Chronic diseases, particularly cancer, are prevalent in Europe. With over one-third of EU residents reporting long-standing health issues in 2022, the need for precise diagnostic methods drives the demand for biopsy devices essential for tissue sampling.
  2. Aging Population: As the European population ages, the demand for biopsies is expected to rise, particularly among older adults more susceptible to health problems. By 2023, over 21.3% of the EU population was aged 65 and above, indicating a growing need for effective diagnostic tools.
  3. Transition Towards Personalized Treatments: The shift towards personalized medicine necessitates accurate tissue diagnoses. Advanced biopsy devices facilitate tailored treatment plans based on individual patient needs, further fueling market growth.
  4. Government Initiatives: European governments are actively promoting cancer screening and funding clinical technology research. Initiatives like Europe’s Beating Cancer Plan enhance the demand for advanced biopsy devices, emphasizing early detection and treatment.

Product Segmentation

  • Needle-Based Biopsy Devices: These devices dominate the market due to their effectiveness in obtaining tissue samples with minimal patient discomfort. Their popularity is driven by the rising demand for accurate and efficient biopsy techniques.
  • Biopsy Forceps: Used primarily for obtaining tissue samples during endoscopic procedures, these tools are crucial for specific diagnostic applications.
  • Localization Wire: Employed in surgical procedures to locate lesions, localization wires are essential for precise sampling during biopsies.
  • Other Products: This category includes various emerging technologies and products that complement traditional biopsy methods.

Imaging Technology Segmentation

  • CT Scan: Widely used for guidance during biopsies, enhancing accuracy.
  • Stereotactic Guided: Essential for biopsies in difficult-to-reach areas.
  • Ultrasound Guided: Increasingly used for real-time imaging during procedures.
  • MRI Guided: Utilized for complex biopsies requiring high precision.
  • Others: Includes additional imaging technologies enhancing biopsy accuracy.

End-User Segmentation

  • Hospitals and Clinics: The primary users of biopsy devices, focusing on diagnosis and treatment.
  • Diagnostics Laboratories: These facilities play a crucial role in analyzing biopsy samples.
  • Other: Includes specialized centers and research institutions.

Country Breakdown

  • United Kingdom: A significant market player with a robust healthcare system focusing on early cancer detection.
  • France: Notable for advancements in diagnostic technology.
  • Germany: A leader in medical device innovation.
  • Italy: Contributing to market growth through healthcare improvements.
  • Spain: Increasing adoption of biopsy devices in healthcare settings.
  • Russia: Emerging market with growing healthcare investments.
  • Rest of Europe: Includes various countries contributing to overall market growth.

 

Related Reports

  1. Europe Next Generation Sequencing Market
    This report provides an in-depth analysis of the Europe Next Generation Sequencing (NGS) market, covering market trends, growth drivers, and key player strategies. It examines the technological advancements in sequencing technologies and their applications in diagnostics, research, and personalized medicine.
  2. United States Next Generation Sequencing Market
    Focusing on the U.S. NGS market, this report analyzes the current landscape, including market size, growth potential, and emerging trends. It highlights the role of NGS in clinical applications, oncology, and genetic research, along with a profile of leading companies in the sector.
  3. Europe Medical Ceramics Market
    This report explores the European medical ceramics market, detailing market dynamics, growth factors, and the impact of technological advancements. It covers applications in orthopedic implants, dental ceramics, and other medical devices, along with an overview of key players in the market.

 

4o mini

Key Players

Prominent companies in the Europe biopsy devices market include:

  1. Becton, Dickinson and Company
  2. Thermo Fisher Scientific Inc.
  3. Bio-Rad Laboratories
  4. Exact Sciences (Genomic Health)
  5. Biocept
  6. Roche Diagnostics
  7. Myriad Genetics Inc.
  8. Qiagen
  9. NeoGenomics Laboratories
  10. Quest Diagnostics Inc.

Each player is analyzed through three perspectives: Overview, Recent Developments, and Revenue Analysis.

Company News

  • September 2023: Mermaid Medical launched new soft tissue biopsy solutions, including the M∙Biopsy® Semi-Automatic and Fully Automatic Biopsy Needles.
  • August 2022: Mammotome introduced its first Vacuum-Assisted Breast Biopsy System designed for lesion excision.
  • August 2022: Predicine launched the CE-marked PredicineCARE for genomic profiling in blood and urine targeting cancer diagnosis.
  • May 2022: Guardant Health made available Europe’s first blood-based cancer testing services based on their advanced digital sequencing platform.

About Renub Research

Renub Research is a market research and information analysis company with over 14 years of experience in research, surveys, and consulting. Our expertise helps businesses make informed decisions on strategy, organization, technology, mergers, and acquisitions. To date, we have published over 7,000 syndicated reports and completed more than 500 custom research projects, working with clients such as EMIS, Bloomberg, and Thomson Reuters.

Media Contact:

Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: Renub Research
Website: www.renub.com

Related Articles

Back to top button