Request FREE sample PDF
Pharmacy benefit management market
Aspiration & Biopsy Needle Market REPORT OVERVIEW
global aspiration & biopsy needle market size was USD 997 million in 2022 and market is projected to touch 1976.53 Million By 2031, exhibiting a CAGR of 7.9% during the forecast period.
The global market for medical devices known as aspiration needles and biopsy needles is referred to as the aspiration & biopsy needle Market. During medical treatments, these specialized needles are used to remove fluid, cell, or tissue samples from the body for testing. Aspiration needles are most frequently employed to remove fluid from organs or bodily cavities, such as the joints, belly, or chest. They are frequently employed in operations including arthrocentesis (removal of fluid from joints), paracentesis (removal of fluid from the abdominal cavity), and thoracentesis (removal of fluid from the pleural cavity).
Contrarily, biopsy needles are made to take tissue samples for additional examination. They are employed to do biopsies in a number of body regions, including the bone, liver, lung, breast, and prostate. Pathologists then study these samples to identify or track diseases like cancer, infections, or inflammatory disorders. A broad variety of needle types, sizes, and designs are available in the aspiration and biopsy needle market to meet the needs of various medical operations and patients. Typically disposable, these needles can be positioned precisely with the use of imaging techniques like computed tomography (CT) or ultrasound.
COVID-19 Impact: Delayed Diagnosis and Treatment to Hinder Market Growth
As a result of the pandemic, several ailments, including cancer and other disorders that call for aspiration and biopsy procedures, experienced delayed or postponed diagnosis and treatments. The demand for aspiration and biopsy needles was impacted by people delaying obtaining medical care due to concerns of contracting COVID-19 and barriers to healthcare access. Lockdowns, travel bans, and increasing demand for vital medical supplies have all impacted the world's supply chains for medical devices, including aspiration and biopsy needles. In some areas, the supply of these needles was impacted by raw material shortages, manufacturing, and distribution delays.
LATEST TRENDS
"Increasing Preference for Disposable Needles to Propel Market Growth"
Technology and needle design developments have been demonstrated in the aspiration and biopsy needle sector. For instance, there has been a move towards the development of image-guided, minimally invasive biopsy methods that increase accuracy and minimise patient discomfort. Additionally, needle producers have concentrated on improving characteristics including greater tissue capture, enhanced visibility, and reduced trauma during needle insertion. Due to their ease, lower danger of cross-contamination, and lack of sterilisation requirements, disposable aspiration and biopsy needles have gained popularity. Disposable needles also offer consistent performance and do not require reprocessing, increasing productivity in medical environments.
Aspiration & Biopsy Needle Market SEGMENTATION
- By Type
Based on type market is classified as fine needle aspiration biopsy (FNAB), core needle biopsy (CNB) and vacuum assisted biopsy (VAB).
- By Application
Based on application market is classified as Hospitals, Clinics And Others.
DRIVING FACTORS
"Increasing Prevalence of Chronic Diseases to Enhance Market Growth"
Globally, chronic diseases like cancer, lung conditions, and autoimmune disorders are on the rise. Aspiration & biopsy needle are crucial for identifying and tracking these disorders. The demand for aspiration and biopsy needles is driven by the rising prevalence of chronic diseases. Health care now places a lot of emphasis on early disease detection, particularly for cancer. In order to retrieve tissue samples or fluid for diagnostic purposes, aspiration and biopsy needles are essential. This helps in the early diagnosis of illnesses. The need for these needles is fuelled by the fact that early diagnosis frequently results in improved treatment outcomes.
The accuracy and precision of aspiration and biopsy techniques have improved with the introduction of advanced imaging technologies including ultrasound, computed tomography (CT), and magnetic resonance imaging (MRI). The effectiveness of the procedures is increased and there is a higher demand for aspiration and biopsy needles as a result of these imaging modalities' ability to provide real-time visualisation and guidance during needle placement.
"Increasing Preference for Minimally Invasive Procedures to Uplift Market Growth"
Due to advantages including decreased patient discomfort, quicker recovery periods, and a lower chance of problems when compared to open surgeries, minimally invasive techniques have grown in popularity. The demand for aspiration and biopsy needles is fuelled by the fact that many minimally invasive procedures require them. As the world's population ages, age-related illnesses like cancer and degenerative joint diseases are becoming more prevalent. Aspirations of fluid and biopsies are frequent diagnostic procedures for the older population, which adds to the demand for aspiration and biopsy needles. Aspiration & biopsy needle are now more effective, precise, and safe because to ongoing improvements in needle design. The introduction of novel features by manufacturers, such as enhanced sample collection, less trauma during needle insertion, and improved visualisation, is encouraging the adoption of newer and more advanced technologies.
RESTRAINING FACTORS
"High Cost of Advanced Needle Technologies to Impede Market Expansion"
Although improvements in imaging and needle design have increased the effectiveness of aspiration and biopsy procedures, the price of these cutting-edge technology might be prohibitive. The use of these cutting-edge needle technologies may be constrained by high costs, particularly in areas with constrained healthcare budgets or reimbursement policies. Aspiration & biopsy needle are regarded as medical devices and must meet regulatory requirements and quality standards in many nations. Manufacturers may encounter difficulties as a result of the demanding regulatory standards, which also include protracted approval procedures and high compliance expenses, which can delay the introduction of new products. Access to healthcare services may be restricted in some areas, especially in rural or isolated communities. The demand for aspiration and aspirin can be impacted by limited access to medical facilities and specialised healthcare providers.
Aspiration & Biopsy Needle Market REGIONAL INSIGHTS
"North America to Dominate the Market Due to Well-Developed Healthcare Infrastructure"
Aspiration & biopsy needle have a sizable market in North America, which includes the United States and Canada. A well-developed healthcare infrastructure, high healthcare spending, and an increase in the prevalence of chronic diseases are characteristics of the area. The market in this region is expanding as a result of technological developments and an emphasis on early disease detection. Key market participants' presence and ongoing R&D initiatives also contribute to the market's expansion. Another significant market for aspiration and biopsy needles is this one. The area has an effective healthcare system and a high level of knowledge regarding early disease detection and screening. Market expansion is facilitated by rising cancer incidence, favourable reimbursement practises, and improvements in medical technology.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- BD (U.S.)
- Mammotome (Canada)
- Medtronic (Ireland)
- Hologic (U.S.)
- Merit Medical Systems (U.S.)
- Cook (U.K.)
- Boston Scientific (U.S.)
- Argon Medical Devices (U.S.)
REPORT COVERAGE
The aspiration & biopsy needle market report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 997 Million in 2022 |
Market Size Value By |
US$ 1976.53 Million by 2031 |
Growth Rate |
CAGR of 7.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Application |
Frequently Asked Questions
-
Which are the driving factors of the aspiration & biopsy needle market?
Increasing prevalence of chronic diseases and increasing preference for minimally invasive procedures are the driving factors of the aspiration & biopsy needle market growth.
-
What is the leading region in the aspiration & biopsy needle market?
North America to dominate the market due to well-developed healthcare infrastructure.
-
Which are the top companies operating in the market?
BD, Mammotome, Medtronic, Hologic, Merit Medical Systems, Cook, Boston Scientific, Argon Medical Devices, Olympus, ConMed, BD, Micro-Tech Endoscopy, Shanghai Kindly Enterprise Development Group Co., Ltd are the top companies operating in the market.