mindtalks brand growth: Bone Biopsy Market: 40% of Growth to Originate from North America | Information by Type (needle biopsy and open biopsy) and Geography – Forecast till 2027 – Yahoo Finance – picked by mindtalks

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).

Technavio has announced its latest market research report titled Bone Biopsy Market by Type and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Bone Biopsy Market by Type and Geography – Forecast and Analysis 2022-2026

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.

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Market Segmentation

  • By Geography

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.

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Company Profiles

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Becton Dickinson and Co.- The company offers bone biopsy product under the brand name of Jamshidi.

  • BIOPSYBELL Srl- The company offers biopsy product under the brand name of Osteobell Espianto.

  • Cardinal Health Inc.- The company offers biopsy product under the brand names of Monojet and Snarecoil.

  • Cook Medical LLC

  • Meditech Devices Pvt Ltd

  • Medtronic Plc

  • Merit Medical Systems Inc.

  • Ranfac Corp.

  • Shandong Weigao Group Medical Polymer Co. Ltd.

  • Stryker Corp.

The bone biopsy market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

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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

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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 ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Needle biopsy – Market size and forecast 2021-2026

  • Open biopsy – Market size and forecast 2021-2026

  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2021-2026

  • Europe – Market size and forecast 2021-2026

  • Asia – Market size and forecast 2021-2026

  • ROW – Market size and forecast 2021-2026

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 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.

  • Stryker Corp.

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: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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