The market is driven by increasing prevalence of cancer. There is constant need for high quality diagnostic and therapeutic processes. However, such unmet patient needs has forced the companies and governments to work in order to provide better services. Population aging is a major influence on patterns of health care spending in both developed and developing countries. In developed countries such as the U.S. and western European countries, where point of care healthcare services and institutional long-term care services and medcare policies are available. The proportion of aged people using healthcare services is high. The per capita health expenditure on healthcare is higher as compared to other age groups. There is constant pressure on the healthcare services as the number of older people increases. Such factors are driving the biopsy market.
Biopsy market segments include major products such guidance systems, needle based guns, needles, and forceps. Guidance systems have the highest market share amongst all the product. In 2015, guidance systems has 38% market share which expected to remain high till 2022. Presently, North America and Europe holds the largest market share of the field i.e. more than 60% of the market total. Followed by Asia pacific. Some of the major market players listed in the report are Angiotech, Boston Scientific, Cardinal Health, Carefusion Corp, etc.
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