India Biopsy Devices Market to Reach US$ 118.8 Million by 2028, Growth rate (CAGR) of 11.79%
According to IMARC Group latest published report, the India biopsy devices market size reached US$ 77.4 Million in 2022. Looking forward, the market expected to reach US$ 118.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
Biopsy devices are medical equipment used to remove inflammatory cells from the body for laboratory examination and detection of malignancy. They rely on the location of the lesion, patient history, imaging position of the mass, and intended trajectory of the needle to perform a soft-tissue biopsy of abdominal, thoracic, and other lesions. They are also used in various minimally invasive biopsy procedures, such as magnetic resonance imaging (MRI), stereotactic, and ultrasound-guided biopsies. Besides this, they find extensive applications in medical clinics, hospitals, and diagnostic centers across India.
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India Biopsy Devices Market Trends and Drivers:
The growing prevalence of chronic oncological diseases, such as lung, breast, colorectal, and ovarian cancer, due to the increasing sedentary lifestyle of individuals represents one of the key factors driving the market in India. Apart from this, the growing demand for minimally invasive surgical procedures in cancer treatment to reduce post-operative complications is positively influencing the market in the country.
In addition, the rising exposure to ultraviolet (UV) radiations and pollutants, such as asbestos, radon, and arsenic, is propelling the growth of the market. Furthermore, increasing investments in research and development (R&D) activities by key market players to introduce technologically advanced equipment, such as vacuum-assisted guns and smart biopsy devices, are expected to bolster the growth of the market in India.
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The report cover the below key market segments:
Breakup by Procedure Type:
- Surgical Biopsy
- Needle Biopsy
Breakup by Product:
- Biopsy Guidance Systems
- Needle Based Biopsy Guns
- Biopsy Needles
- Biopsy Forceps
- Others
Breakup by Application:
- Breast Biopsy
- Lung Biopsy
- Colorectal Biopsy
- Prostate Biopsy
- Others
Breakup by Guidance Technique:
- Ultrasound-guided Biopsy
- Stereotactic-guided Biopsy
- MRI-guided Biopsy
- Others
Breakup by End User:
- Hospitals and Clinics
- Academic and Research Institutes
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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