Aspiration & Biopsy Needles Market Report: Trends, Forecast and Competitive Analysis to 2030

Aspiration & Biopsy Needles Trends and Forecast

The future of the global aspiration & biopsy needles market looks promising with opportunities in the hospital & surgical center, diagnostic clinic & pathology laboratory, ambulatory care center, and research & academic institute markets. The global aspiration & biopsy needles market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing prevalence of cancer, rising cancer awareness initiatives undertaken by governments, and growing inclination towards minimally invasive biopsies.

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Aspiration & Biopsy Needles by Segment

The study includes a forecast for the global aspiration & biopsy needles by product type, procedure, application, end use, and region.

Aspiration & Biopsy Needles Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Biopsy Needles
• Aspiration Needles

Aspiration & Biopsy Needles Market by Procedure [Shipment Analysis by Value from 2018 to 2030]:

• Image Guided
• Ultrasound
• MRI
• Sterotactic

Aspiration & Biopsy Needles Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Tumor/Cancer Applications
• Wound Applications
• Others

Aspiration & Biopsy Needles Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Surgical Centers
• Diagnostic Clinics & Pathology Laboratories
• Ambulatory Care Centers
• Research & Academic Institutes

Aspiration & Biopsy Needles Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Aspiration & Biopsy Needles Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aspiration & biopsy needles companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aspiration & biopsy needles companies profiled in this report include-

• Merit Medical
• Cook Group Incorporated
• Olympus Corporation
• Medtronic
• Argon Medical Devices
• Boston Scientific Corporation
• Cardinal Health

Aspiration & Biopsy Needles Market Insights

Lucintel forecasts that biopsy needles will remain the larger segment over the forecast period due to its increasing adoption in a wide range of procedures, such as breast biopsy, lung biopsy, prostate biopsy, and bone marrow biopsy.

Within this market, hospitals & surgical centers will remain the largest segment due to growing number of patients in the hospitals.

North America is expected to witness highest growth over the forecast period due to high prevalence of cancer and presence of well-developed healthcare facilities in the region.

Features of the Global Aspiration & Biopsy Needles Market

Market Size Estimates: Aspiration & biopsy needles market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Aspiration & biopsy needles market size by various segments, such as by product type, procedure, application, end use, and region in terms of ($B).

Regional Analysis: Aspiration & biopsy needles market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, procedures, applications, end uses, and regions for the aspiration & biopsy needles market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aspiration & biopsy needles market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the aspiration & biopsy needles market size?

Answer: The global aspiration & biopsy needles market is expected to reach an estimated $1.3 billion by 2030.

Q.2 What is the growth forecast for aspiration & biopsy needles market?

Answer: The global aspiration & biopsy needles market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the aspiration & biopsy needles market?

Answer: The major drivers for this market are increasing prevalence of cancer, rising cancer awareness initiatives undertaken by governments, and growing inclination towards minimally invasive biopsies.

Q4. What are the major segments for aspiration & biopsy needles market?

Answer: The future of the aspiration & biopsy needles market looks promising with opportunities in the hospital & surgical center, diagnostic clinic & pathology laboratory, ambulatory care center, and research & academic institute markets.

Q5. Who are the key aspiration & biopsy needles market companies?

Answer: Some of the key aspiration & biopsy needles companies are as follows:

• Merit Medical
• Cook Group Incorporated
• Olympus Corporation
• Medtronic
• Argon Medical Devices
• Boston Scientific Corporation
• Cardinal Health

Q6. Which aspiration & biopsy needles market segment will be the largest in future?

Answer: Lucintel forecasts that biopsy needles will remain the larger segment over the forecast period due to its increasing adoption in a wide range of procedures, such as breast biopsy, lung biopsy, prostate biopsy, and bone marrow biopsy.

Q7. In aspiration & biopsy needles market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to high prevalence of cancer and presence of well-developed healthcare facilities in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the aspiration & biopsy needles market by product type (biopsy needles and aspiration needles), procedure (image guided, ultrasound, MRI, and sterotactic), application (tumor/cancer applications, wound applications, and others), end use (hospitals & surgical centers, diagnostic clinics & pathology laboratories, ambulatory care centers, and research & academic institutes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?