The bone biopsy market is projected to be worth USD 964.55 million by 2030 at a CAGR of 5.25% during the forecast period 2022-2030.
The increased cancer detection rate is a major factor adding to the expansion of the market of bone biopsy. Reports that examine the healthcare industry have been offered by Market Research Future, which produces reports on industry verticals that evaluate market development and opportunities. The market is projected to gain a CAGR of 5.25 % in the forecast period.
The growing demand for new diagnostic procedures is a notable factor that is transforming the bone biopsy market. The increased spending on the healthcare sector is leading to the development of advanced procedures for bone biopsy. The increased level of oncology-related knowledge acquired is expected to benefit the market for bone biopsy in the coming years.
The segmentation evaluation of the bone biopsy market is carried out on the basis of type, region, application, and end-user. Based on the component, the bone biopsy market is segmented into open biopsy and needle biopsy. On the application basis, the market is segmented into bone infection, osteoporosis, bone cancer, chronic kidney disease, and others. By end-user, the bone biopsy market is segmented into surgical centers, hospital clinics, diagnostic centers, and others. By region, the bone biopsy market is segmented into the Americas, APAC, Europe, the Middle East, and Africa.
Detailed Regional Analysis
The regional study of the bone biopsy market states that the Americas region holds the primary position in the bone biopsy market due to the intensifying prevalence of cancer in the U.S. and growing demand for novel cancer diagnostic and treatment services. In the Americas, the North American region is the principal market due to the incidence of key companies in the healthcare diagnostics industry. The changing lifestyle patterns, emphasis on exercise and fitness, and general development of the medical device industry are accelerating the growth of the market. The European region is the subsequent principal market for bone biopsy. In the European region, there is a growing demand for progressive bone biopsy devices and massive research and development activities by clinical research and academic institutes for cancer treatment and diagnosis. Germany is the principal market shadowed by France. The market in Germany is motivated by the growing demand for specialty care services. The APAC regional market is anticipated to expand at the fastest pace and is guided by the high occurrence of chronic diseases such as obesity, kidney disease, diabetes, and others. Japan, India China are major contributors to the growth of the market. This growth is attributed to escalating demand for technologically advanced medical devices in diagnostic centers and the availability of highly qualified medical professional devoted to research in oncology. The MEA region also shows a stable rise in the market due to low technology diffusion and growing awareness about cancer treatment. In the MEA region, the United Arab Emirates gains the largest market share for bone biopsy due to the accessibility to better healthcare infrastructure and extensive scope for research.
The development of the alternative courses of action in terms of both their expenses and consequences are steering the growth of the market. The state of the assets is also thoroughly examined to determine whether an investment is required to maintain the marketing system in its existing, unimproved state. The need to establish cost-benefit analysis is leading to enhanced product development in the market. The market players are concentrating on strategies that lead to the highest degree of development in the market. The market competitors are also carefully scrutinizing whether intervention is required to ensure efficient use of society’s resources. The trade-offs between the resources needed to manage the challenges in the market are being carried out increasingly to improve the market’s scope for development. They are also making the most effective use of resources which is dependent on an effective appraisal and planning process.
The significant contenders in the bone biopsy market are Becton, Dickinson, and Company (U.S.), Devicor Medical Products Inc. (U.S.), B. Braun Melsungen AG, Hologic, Inc. (U.S.), C R Bard (U.S.), Cook Medical (U.S.), Argon Medical Inc. (U.S.) and others.
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