Aspiration & Biopsy Needles Market is estimated to expand at a CAGR of 7.9% forecast to 2022-2031 | CONMED Corporation, Medtronic Plc, Olympus Corporation, Becton

The global Aspiration & Biopsy Needles Market size was USD 889 Mn in 2021 and is anticipated to reach USD 1,901 Mn in 2031, growing at a rate of 7.9% from 2022 to 2031.

A needle biopsy is a procedure to obtain a sample of cells from the body for laboratory testing. Common needle biopsy procedures comprise fine-needle aspiration and core needle biopsy. Needle biopsy may be used to take tissue or fluid samples from muscles, bones, and other organs, such as the liver or lungs. The sample from needle biopsy may assist the doctor to determine what’s causing a mass or lump, an infection, and inflammation. One may undergo imaging tests, such as the computerized tomography (CT) scan or an ultrasound, before needle biopsy. Sometimes these tests are used during the needle biopsy procedure to more accurately locate the area to be biopsied.

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Global Aspiration & Biopsy Needles Market Drivers

Rising prevalence of cancer

Worldwide, there has been a significant rise in the number of people suffering from cancer. This can be indorsed to a number of factors, like lifestyle changes, unhealthy diets, and growing tobacco consumption. According to estimates from the International Agency for Research on Cancer (IARC), in 2018, there were 17.0 million new cancer cases and 9.5 million cancer deaths across the globe. By 2040, the global burden is anticipated to grow to 27.5 million new cancer cases and 16.3 million cancer deaths, majorly due to the growth and aging of the population.

The incidence of cancer is the highest in more-developed regions, but mortality is relatively higher in less-developed countries owing to a lack of access to treatment facilities coupled with the lack of awareness regarding the benefits of early detection.

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According to the American Cancer Society, about 9.6 million people die from cancer every year, and 70% of cancer deaths occur in low-to-middle income countries like China and India; these proportions are expected to grow further by 2025.

With the increasing prevalence of cancer in major regions across the globe, the demand for effective cancer diagnosis is anticipated to increase in the upcoming years. This, in turn, is expected to support the growth of the aspiration and biopsy needles market during the forecast period.

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Market Segments

By Product Type

  • Biopsy Needles
    • CNB Needles
    • VAB Needles
  • Aspiration Needles

By Application

  • Tumor/ Cancer Application
    • Breast Cancer
    • Lung Cancer
    • Colorectal Cancer
    • Prostate Cancer
    • Kidney Cancer
    • Bone & Bone Marrow Cancer
    • Other Cancer
  • Wound Application
  • Other Application

By Procedure

  • Image-guided Procedures
  • Ultrasound-guided Procedures
  • Stereotactic Procedures
  • CT-guided Procedures
  • MRI-guided Procedures
  • Other Image-guided Procedures
  • Nonimage-guided Procedures

By End User

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

Market Players of Global Aspiration & Biopsy Needles Market

The key players in the global aspiration & biopsy needles market are CONMED Corporation, Medtronic Plc, Olympus Corporation, Becton, Dickinson and Company, Boston Scientific Corporation, Cook Group Incorporated, Argon Medical Devices, Inc, INRAD Inc., Somatex Medical Technologies, Stryker Corporation, Cardinal Health, Remington Medical, Ranfac Corporation, HAKKO CO., LTD, and Merit Medical Systems among others.

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