Report Scope & Overview:
The Cancer Biopsy Market Size was valued at USD 26.24 billion in 2022, and is expected to reach USD 61.06 billion by 2030 and grow at a CAGR of 11.13% over the forecast period 2023-2030.
A biopsy is a procedure that involves the removal of tissue from any part of the body in order to analysis it for disease. Some may use a needle to take a small sample of tissue, while others may surgically remove a suspected nodule or lump. Biopsies are commonly used to diagnosis cancer, but they can also be used to diagnose infections, as well as inflammatory and autoimmune illnesses. They can also be used to match organ tissue prior to transplantation and to search for evidence of organ rejection afterward.
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MARKET DYNAMICS
DRIVERS
Oncology Disorders are becoming more common, and liquid biopsies are becoming more popular.
Technological Advancement
Inherited Oncology Disorders and Genetic Testing are becoming more well-known.
RESTRAINTS
Biopsy Procedure-Related Risks
Reimbursement possibilities that are unclear
OPPORTUNITIES
Various cancers are becoming more common.
CHALLENGES
The biopsy procedure has some limitations.
IMPACT OF COVID-19
COVID 19 has a significant impact on the medical business, particularly the market for cancer biopsies. Due to social distancing measures imposed by governments, the utilisation of healthcare services and hospital visits has severely decreased in this pandemic, resulting in patients being allowed/permitted to visit only in an emergency. Furthermore, the Centers for Medicare and Medicaid Services in the United States have classed testing as a low-priority service during this pandemic.
By Product
Kits and consumables, which are essential at various phases of biopsies, made for the greatest sales share of more than 61.0 % in 2021. Furthermore, the segment's expansion has been aided by large expenditures made by important participants in the industry. The expansion of the market can also be ascribed to an increase in the number of patients around the world who require efficient, precise, and quick tools and kits.
Regarding gadgets, units, and consumables, disease biopsy has seen various headways. The making of viable items associated with biopsies is basic as fluid biopsy turns into a multimodal device of determination in the field of clinical malignant growth. In spite of the way that current instruments are generally used, they have various defects. The presentation of new advances, then again, is anticipated to upgrade the requirement for instruments before very long decisively.
By Type
In 2020, tissue biopsy accounted for over 80.0% of total revenue. It is still widely used in biopsies and in cancer diagnostics. This is due to extensive study into its safety and efficacy, which has aided in the segment's expansion.
For the next few years, advancements aimed at improving tissue biopsy processes are projected to keep the tissue biopsy segment on top. Cernostics, for example, is working on an assay that can be used to diagnose Barrett's Esophagus in cancer patients. This one-of-a-kind diagnostic technique uses digitally scanned biopsy images to aid in the identification and measurements of cellular or molecular changes within a tissue.
By Application
In 2021, breast biopsy had the highest proportion of over 15.0 percent. The most widely recognized kind of disease is bosom malignant growth. According to U.S. breast cancer statistics, about one in every eight women in the United States develops invasive breast cancer. Year the United States in 2021, an estimated 277,480 new instances of invasive breast cancer will be identified in women, with more than 40,000 new cases of non-invasive breast cancer.
Tiny examination of bosom tissue is expected for getting a conclusive determination, as well as identifying the stage and characterisation of type, in the developing number of people associated with having bosom malignant growth. This has expanded interest for needle or careful biopsies to gather tissue for tiny review, adding to fragment development.
KEY MARKET SEGMENTATION
By Product
By Type
By Application
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REGIONAL ANALYSIS
In 20221, North America had the largest share of almost 40.0%. Throughout the projected period, the area is expected to maintain its lead, with the United States contributing significantly to regional revenue. Distributor and manufacturers in this region also want to distribute and produce new kits that are well-suited for quick diagnostic applications.
Furthermore, the profitable methods brought out by the separate government authorities are substantially favoured by the expanding acceptance of liquid biopsies across the United States. Regulation strategies for liquid biopsy-based oncology diagnostics are based on a framework developed by the US Food and Drug Administration in recent years (FDA). The proposals for advancement biomarkers and friend diagnostics, as well as endorsement points of reference, are all important for this system.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
Some of the major players are as follows: ANGLE Plc, BD (Becton, Dickinson and Company), Biocept, Inc., Danaher, F. Hoffmann-La Roche Ltd., Hologic, Inc., Illumina, Inc., Myriad Genetics, Qiagen N.V., Thermo Fisher Scientific, Inc, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 26.24 Billion |
| Market Size by 2030 | US$ 61.06 Billion |
| CAGR | CAGR of 11.13% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Kits and Consumables, Instruments, Services) • By Type (Tissue Biopsies, Surgical Biopsies, Liquid Biopsies, Core Needle Biopsy (CNB), Needle Biopsies, Fine Needle Aspiration (FNA), Others) • By Application (Breast Cancer, Prostate Cancers, Cervical Cancers, Colorectal Cancer, Pancreatic Cancers, Lung Cancers, Kidney Cancers, Blood Cancers, Ovarian Cancers, Skin Cancers, Liver Cancers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ANGLE Plc, BD (Becton, Dickinson and Company), Biocept, Inc., Danaher, F. Hoffmann-La Roche Ltd., Hologic, Inc., Illumina, Inc., Myriad Genetics, Qiagen N.V., Thermo Fisher Scientific, Inc, and other players. |
| DRIVERS | • Oncology Disorders are becoming more common, and liquid biopsies are becoming more popular. • Technological Advancement • Inherited Oncology Disorders and Genetic Testing are becoming more well-known. |
| OPPORTUNITIES | • Biopsy Procedure-Related Risks • Reimbursement possibilities that are unclear |
Kits and consumables, which are essential at various phases of biopsies, made for the greatest sales share
North America had the largest share of almost 40.0 percent. Throughout the projected period, the area is expected to maintain its lead, with the United States contributing significantly to regional revenue.
Cancer Biopsy Market is divided into three segments and they are By Product, By Type, and By Application
Biopsy Procedure-Related Risks, Reimbursement possibilities that are unclear are the restraints of the Cancer Biopsy market.
Cancer Biopsy market is expected grow at a CAGR of 11.13% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cancer Biopsy Market Segmentation, By Product
8.1 Kits and Consumables
8.2 Instruments
8.3 Services
9. Cancer Biopsy Market Segmentation, By Type
9.1 Tissue Biopsies
9.2 Surgical Biopsies
9.3 Liquid Biopsies
9.4 Core Needle Biopsy (CNB)
9.5 Needle Biopsies
9.6 Fine Needle Aspiration (FNA)
9.7 Others
10. Cancer Biopsy Market Segmentation, By Application
10.1 Breast Cancer
10.2 Prostate Cancers
10.3 Cervical Cancers
10.4 Colorectal Cancer
10.5 Pancreatic Cancers
10.6 Lung Cancers
10.7 Kidney Cancers
10.8 Blood Cancers
10.9 Ovarian Cancers
10.10 Skin Cancers
10.11 Liver Cancers
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 ANGLE Plc
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BD (Becton, Dickinson and Company)
12.3 Biocept, Inc.
12.4 Danaher
12.5 F. Hoffmann-La Roche Ltd.
12.6 Hologic, Inc.
12.7 Illumina, Inc.
12.8 Myriad Genetics
12.9 Qiagen N.V.
12.10 Thermo Fisher Scientific, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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