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Bone Biopsy Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71463
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The bone biopsy market share is expected to increase by USD 45.03 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.81%.

This bone biopsy market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (needle biopsy and open biopsy) and geography (North America, Europe, Asia, and ROW). The bone biopsy market report also offers information on several market vendors, including Becton Dickinson and Co., BIOPSYBELL Srl, Cardinal Health Inc., Cook Medical LLC, Meditech Devices Pvt Ltd, Medtronic Plc, Merit Medical Systems Inc., Ranfac Corp., Shandong Weigao Group Medical Polymer Co. Ltd., and Stryker Corp. among others.

What will the Bone Biopsy Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Bone Biopsy Market Size for the Forecast Period and Other Important Statistics

 

Bone Biopsy Market: Key Drivers and Trends

The growing number of diagnostic centers is notably driving the bone biopsy market growth, although factors such as limited technical skills may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bone biopsy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Bone Biopsy Market Driver

The growing number of diagnostic centers is one of the driving factors for the bone biopsy market growth. In many countries, most of the healthcare services being delivered at home are primarily in urban areas, with a very low focus on rural areas. Many developing countries have a high percentage of people living in rural areas wherein diagnostic centers are very few in number and accessibility is low. Rural areas have a very high mortality rate from cancer that can be attributed to the lack of awareness of the disease, leading to ignorance about its diagnosis and treatment. During the forecast period, the increased availability of over-the-counter tests, the easy availability of biopsy solutions at a lower price, and the high number of research grants and funding projects will lead to the establishment of several diagnostic centers worldwide, especially in rural areas of developing countries, which will drive the market growth in the coming years.

Bone Biopsy Market Challenge

The limited availability of skilled technicians is a big challenge for the growth of bone biopsy market vendors. Generally, a bone biopsy procedure needs to be carried out meticulously with very high accuracy to prevent any damage to the target area in patients, which can be achieved only through the skillful execution of the procedure. The lack of technical skills can lead to improper diagnosis and misleading results. In addition, an inexperienced handler of biopsy needles can accidentally break up the malignant cells present in a tumor, which can spread to other organs and areas of the body. Therefore, limited technical skills in handling biopsy needles and devices during a bone biopsy procedure can create a negative image among patients, leading to reduced adoption of the test procedure.

This bone biopsy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Bone Biopsy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Becton Dickinson and Co.
  • BIOPSYBELL Srl
  • Cardinal Health Inc.
  • Cook Medical LLC
  • Meditech Devices Pvt Ltd
  • Medtronic Plc
  • Merit Medical Systems Inc.
  • Ranfac Corp.
  • Shandong Weigao Group Medical Polymer Co. Ltd.
  • Stryker Corp.

 

This statistical study of the bone biopsy market encompasses successful business strategies deployed by the key vendors. The bone biopsy market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bone biopsy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bone Biopsy Market?

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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for bone biopsy market in North America. Market growth in this region will be faster than the growth in the European and the ROW market.

The high adoption of technology in the healthcare sector will facilitate the bone biopsy market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Bone Biopsy Market?

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The bone biopsy market share growth by the needle biopsy segment will be significant during the forecast period. Needle biopsies are majorly performed for the better assessment of bone cancer within an outpatient setting. The need for highly skilled operators to handle imaging modalities like CT scans and the lower technical complexities involved in this method are driving the demand for bone biopsy needles for the extraction of normal bone tissues for biopsy. A needle biopsy is considered the gold standard procedure for bone biopsies.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bone biopsy market size and actionable market insights on post COVID-19 impact on each segment.

 

Bone Biopsy Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.81%

Market growth 2022-2026

$ 45.03 million

Market structure

Fragmented

YoY growth (%)

5.50

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Becton Dickinson and Co., BIOPSYBELL Srl, Cardinal Health Inc., Cook Medical LLC, Meditech Devices Pvt Ltd, Medtronic Plc, Merit Medical Systems Inc., Ranfac Corp., Shandong Weigao Group Medical Polymer Co. Ltd., and Stryker Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Bone Biopsy Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive bone biopsy market growth during the next five years
  • Precise estimation of the bone biopsy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bone biopsy industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bone biopsy market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Needle biopsy - Market size and forecast 2021-2026
    • Open biopsy - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Becton Dickinson and Co.
      • BIOPSYBELL Srl
      • Cardinal Health Inc.
      • Cook Medical LLC
      • Meditech Devices Pvt Ltd
      • Medtronic Plc
      • Merit Medical Systems Inc.
      • Ranfac Corp.
      • Shandong Weigao Group Medical Polymer Co. Ltd.
      • Stryker Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The bone biopsy market growth will increase by $45.03 million during 2021-2026.
      The bone biopsy market is expected to grow at a CAGR of 5.81% during 2021-2026.
      Technavio has segmented the bone biopsy market by type (Needle biopsy and Open biopsy) and geographic (North America, Europe, Asia, and ROW).
      Becton Dickinson and Co., BIOPSYBELL Srl, Cardinal Health Inc., Cook Medical LLC, Meditech Devices Pvt Ltd, Medtronic Plc, Merit Medical Systems Inc., Ranfac Corp., Shandong Weigao Group Medical Polymer Co. Ltd., Stryker Corp. are a few of the key vendors in the bone biopsy market.
      North America will register the highest growth rate of 40.11% among the other regions. Therefore, the bone biopsy market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the bone biopsy market growth are:
      • Growing number of diagnostic centers
      The bone biopsy market vendors should focus on grabbing business opportunities from the needle biopsy segment as it accounted for the largest market share in the base year.
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