Global Biopsy Devices Market is expected to grow at a CAGR of 7% to reach US$ XX billion in 2026.
The growth is coupled with increasing incidences of cancer such as breast, prostate, & lung, and rapid advancement in the technologies. Further, increasing awareness for the diagnosis of chronic diseases is also expected to increase the demand for biopsy devices through the forecast period. Other factors including rising incidences of cancer in the developing regions such as Asia-Pacific, development in the healthcare infrastructure, increasing demand for effective diagnostic procedures are also expected to drive the biopsy market through the forecast period.
Moreover, increasing demand for less invasive surgeries and disposable biopsy devices is expected to boost the Global Biopsy Devices Market. Technologically advanced biopsy guidance systems, such as vacuum-assisted guns, are gaining popularity among patients and healthcare providers. Widening base of geriatric population and the introduction of cost-effective and advanced devices are anticipated to further boost the growth of the Global Biopsy Devices Market. Growing cancer-related spending is prompting the need for effective diagnostic procedures. Government and healthcare regulatory bodies across the world are constantly engaged in reducing the excessive costs associated with the treatment of cancer. Primary and secondary healthcare centers in emerging nations are encouraging patients to undergo regular diagnostic examinations. Use of biopsy devices involves a relatively lesser number of hospital stays and therefore, are economically viable.
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