Based on product, the Biopsy Devices market is segmented into Needle-Based Biopsy, Localization Wires, Procedure Trays, and Others. The needle-based biopsy devices held a larger market share in 2023. Increasing adoption of needle-based biopsy devices due to their advantages such as high accuracy with minimal injury is propelling the market growth of this segment.
Biopsy Devices Market Share Analysis by Geography
The geographic scope of the Biopsy Devices Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Biopsy Devices Market. The market growth can be attributed to the rising adoption of Biopsy Devices for various applications, the rising prevalence of cancer cases, the presence of major manufacturers involved in manufacturing Biopsy Devices systems, and the investment by pharma and biotech companies for medical devices in North American countries. For instance, according to the data published by the Pan America Health Organization (PAHO), Cancer is the second cause of morbidity and mortality in the Americas, after cardiovascular disease. An estimated 4 million people were newly diagnosed and 1.4 million people died from cancer in 2020. Hence, the increasing number of diagnosed cancer population will demand biopsy devices, in turn will fuel the market growth.
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