What is the global market size of Vacuum-Assisted Breast Biopsy Device Market?

Global Vacuum-Assisted Breast Biopsy Device Market size was valued at USD 726.81 million in 2021 and is poised to grow from USD 811.85 million in 2022 to USD 2197.62 million by 2030, growing at a CAGR of 11.7% in the forecast period (2023-2030).

Global Vacuum-Assisted Breast Biopsy Device Market Size, Share, Growth Analysis, By Procedure(Tethered, Untethered), By Product(Vacuum-Assisted Biopsy Systems, Vacuum-Assisted Biopsy Needles), By Type(9-12G, <9G), By Technique(Ultrasound-Guided Biopsy, Stereotactic-Guided Biopsy), By End User(Hospitals, Academic) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Vacuum-Assisted Breast Biopsy Device Market?

The market is dominated by Becton Dickinson and Co (Bd), Devicor Medical Products Inc (Mammotome) and Hologic Inc. Key players in the vacuum-assisted breast biopsy device market are adopting strategies like product launch, merger, and acquisition, and high R&D investments to gain a significant market share. For instance, In March 2021, IZI Medical Products, LLC launched The Quick-Core Auto Biopsy System (Quick-Core Auto) for soft tissue biopsy. Quick-Core Auto is a lightweight, fully automatic biopsy system that offers the precision, dependability, and quality of IZI's Quick-Core semi-automatic biopsy system. 'Hologic, Inc.', 'C. R. Bard, Inc.', 'Cook Medical LLC', 'Devicor Medical Products, Inc.', 'Becton, Dickinson and Company', 'Argon Medical Devices, Inc.', 'INRAD, Inc.', 'Medtronic plc', 'STERYLAB S.r.l.', 'Scion Medical Technologies LLC', 'Galini SRL', 'Biopsybell Srl', 'SOMATEX Medical Technologies GmbH', 'Tsunami Medical Srl', 'Micro-Tech (Nanjing) Co., Ltd.', 'Hangzhou AGS MedTech Co., Ltd.', 'Pantheon Medical Technologies S.r.l.', 'Andiamo Corporation', 'OncoCyte Corporation', 'Biodesix, Inc.'

Q: What is the key driver of Global Vacuum-Assisted Breast Biopsy Device Market?

Vacuum-assisted breast biopsy (VABB) devices are gaining immense popularity over conventional biopsy methods because of their ability to obtain large number of tissues with contiguous specimens, the possibility of acquiring multiple specimens with single insertion of a needle, a more accurate diagnosis with a lower cancer miss rate and lower histological underestimates. Apart from the diagnostic indications, VABB is also a recognized method of therapeutic removal of benign lesions such as fibroadenomas. The use of percutaneous VABB can reduce the need for open surgical biopsy or excision, and minimize costs of the operating theatre or hospital stays associated with surgical excision. Hence, all of these factors are driving the growth of Vacuum-assisted breast biopsy (VABB) devices.

Q: What is the key market trend for Global Vacuum-Assisted Breast Biopsy Device Market?

The vacuum-assisted breast biopsy device market is growing as a result of a broad and vigorous research environment, which has contributed to the development of more accurate and minimally invasive treatments for the early detection of breast cancer. Governments have also attempted to create a stable and all-encompassing environment for cancer research, which has aided in the development of these diagnostic devices.

Q: Which region accounted for the largest share in Vacuum-Assisted Breast Biopsy Device Market?

The North America region dominates the global vacuum-assisted breast biopsy device market and is projected to maintain a similar trend over the forecast period. North America's vacuum-assisted breast biopsy device market is projected to grow at a CAGR of 4.4% over the forecast period. The US is also the fastest growing country in the region followed by Canada. Each year, over 1 million breast biopsies are performed in the United States, The American Cancer Society, advises women to participate in self-awareness exams held throughout the year, which help individuals detect any changes in their breast that would be further diagnosed by a physician. Moreover, among all the region, The Asia pacific region is fastest growing market. There has been an exponential rise in breast cancer cases in Asian countries over the last few decades. According to a study on breast cancer in Asia, breast cancer mortality increased among Asian women due to a higher prevalence of breast cancer risk factors such as delayed childbirth, and increased obesity.

Report ID: SQSG35A2046 | Region: Global | Published Date: April, 2024
Pages: 286 | Tables: 146 | Figures: 78

Global Vacuum-Assisted Breast Biopsy Device Market Dynamics

Vacuum-Assisted Breast Biopsy Device Market Driver

High accuracy of Vacuum-assisted breast biopsy (VABB) devices is anticipated to drive the market growth

Vacuum-assisted breast biopsy (VABB) devices are gaining immense popularity over conventional biopsy methods because of their ability to obtain large number of tissues with contiguous specimens, the possibility of acquiring multiple specimens with single insertion of a needle, a more accurate diagnosis with a lower cancer miss rate and lower histological underestimates. Apart from the diagnostic indications, VABB is also a recognized method of therapeutic removal of benign lesions such as fibroadenomas. The use of percutaneous VABB can reduce the need for open surgical biopsy or excision, and minimize costs of the operating theatre or hospital stays associated with surgical excision. Hence, all of these factors are driving the growth of Vacuum-assisted breast biopsy (VABB) devices.

Vacuum-Assisted Breast Biopsy Device Market Restraint

High cost of VABB devices

The use of VABB is associated with a higher capital cost such as vacuum generators and biopsy hand-pieces as well as a higher running cost of the consumables, including needles, tubing and localizing markers. Due to its higher cost when compared to Fine needle aspiration (FNA) biopsy or core biopsy, VABB is often used as a second line of biopsy in some hospitals and research centers. In such circumstances, VABB is only conducted after inadequate or inconclusive cytology or histology, or when previous FNA or core biopsies yielded contradictory imaging-pathology results.

Global Vacuum-Assisted Breast Biopsy Device Market Report Snapshots

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Global Vacuum-Assisted Breast Biopsy Device Market size was valued at USD 726.81 million in 2019 and is poised to grow from USD 811.85 million in 2023 to USD 2197.62 million by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

The market is dominated by Becton Dickinson and Co (Bd), Devicor Medical Products Inc (Mammotome) and Hologic Inc. Key players in the vacuum-assisted breast biopsy device market are adopting strategies like product launch, merger, and acquisition, and high R&D investments to gain a significant market share. For instance, In March 2021, IZI Medical Products, LLC launched The Quick-Core Auto Biopsy System ("Quick-Core Auto") for soft tissue biopsy. Quick-Core Auto is a lightweight, fully automatic biopsy system that offers the precision, dependability, and quality of IZI's Quick-Core semi-automatic biopsy system. 'Hologic, Inc.', 'C. R. Bard, Inc.', 'Cook Medical LLC', 'Devicor Medical Products, Inc.', 'Becton, Dickinson and Company', 'Argon Medical Devices, Inc.', 'INRAD, Inc.', 'Medtronic plc', 'STERYLAB S.r.l.', 'Scion Medical Technologies LLC', 'Galini SRL', 'Biopsybell Srl', 'SOMATEX Medical Technologies GmbH', 'Tsunami Medical Srl', 'Micro-Tech (Nanjing) Co., Ltd.', 'Hangzhou AGS MedTech Co., Ltd.', 'Pantheon Medical Technologies S.r.l.', 'Andiamo Corporation', 'OncoCyte Corporation', 'Biodesix, Inc.'

Vacuum-assisted breast biopsy (VABB) devices are gaining immense popularity over conventional biopsy methods because of their ability to obtain large number of tissues with contiguous specimens, the possibility of acquiring multiple specimens with single insertion of a needle, a more accurate diagnosis with a lower cancer miss rate and lower histological underestimates. Apart from the diagnostic indications, VABB is also a recognized method of therapeutic removal of benign lesions such as fibroadenomas. The use of percutaneous VABB can reduce the need for open surgical biopsy or excision, and minimize costs of the operating theatre or hospital stays associated with surgical excision. Hence, all of these factors are driving the growth of Vacuum-assisted breast biopsy (VABB) devices.

The vacuum-assisted breast biopsy device market is growing as a result of a broad and vigorous research environment, which has contributed to the development of more accurate and minimally invasive treatments for the early detection of breast cancer. Governments have also attempted to create a stable and all-encompassing environment for cancer research, which has aided in the development of these diagnostic devices.

The North America region dominates the global vacuum-assisted breast biopsy device market and is projected to maintain a similar trend over the forecast period. North America's vacuum-assisted breast biopsy device market is projected to grow at a CAGR of 4.4% over the forecast period. The US is also the fastest growing country in the region followed by Canada. Each year, over 1 million breast biopsies are performed in the United States, The American Cancer Society, advises women to participate in self-awareness exams held throughout the year, which help individuals detect any changes in their breast that would be further diagnosed by a physician. Moreover, among all the region, The Asia pacific region is fastest growing market. There has been an exponential rise in breast cancer cases in Asian countries over the last few decades. According to a study on breast cancer in Asia, breast cancer mortality increased among Asian women due to a higher prevalence of breast cancer risk factors such as delayed childbirth, and increased obesity.

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Global Vacuum-Assisted Breast Biopsy Device Market Dynamics

Global Vacuum-Assisted Breast Biopsy Device Market Report Snapshots

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FAQs

What is the global market size of Vacuum-Assisted Breast Biopsy Device Market?

Who are the key vendors in the Global Vacuum-Assisted Breast Biopsy Device Market?

What is the key driver of Global Vacuum-Assisted Breast Biopsy Device Market?

What is the key market trend for Global Vacuum-Assisted Breast Biopsy Device Market?

Which region accounted for the largest share in Global Vacuum-Assisted Breast Biopsy Device Market?

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