MRI safe biopsy needle is a minimal invasive method of obtaining tissue of the patient with the help of biopsy needle under the MRI guidance. There is increasing adoption of MRI safe biopsy needle procedure as it does not involve any exposure to ionizing radiations and cause less tissue damage by leaving minimum or no scar. Also it involves less patient discomfort and recovery time is short as compared to other biopsy method. Constant improvement in technology are creating opportunities for the market players to come up with better and improved MRI safe biopsy needles. According to the report published by WHO in 2018 cancer is on second number leading to death globally and 1 out of 6 deaths is caused due to cancer.
MRI Safe Biopsy Needle Market: Drivers and Restraints
Rising prevalence of tumor and cancer is one of the major factor driving growth of the MRI safe biopsy needle market. Due to several benefits of MRI safe biopsy needle as it cause less tissue damage and do not involve exposure to harmful radiation, it is highly demanded in the market. The increasing preference for non- invasive method of obtaining tissue from patient is further expected to boost the growth of the MRI safe biopsy needle market.
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Rising ageing population may surge the growth of the MRI safe biopsy needle market. The increasing research activity to study chronic diseases like cancer is anticipated to boost the demand of MRI safe biopsy needle market. New and advanced technology for minimal invasive procedure is further supporting growth of the MRI safe biopsy needle market. Increasing awareness of people for early detection of tumor and cancers is also expected to aid in growth of the MRI safe biopsy needle market. Also, several initiatives taken by government and health organizations is expected to propel the demand of MRI safe biopsy needle market. However high cost of the procedure is anticipated to hamper growth of the MRI safe biopsy needle market. Additionally, availability and length of procedure are other factors limiting the growth of the MRI safe biopsy needle market.
MRI Safe Biopsy Needle Market: Overview
MRI safe Biopsy needle market is expected to show robust growth over the forecast period. The MRI safe biopsy needle market is classified into fine needle biopsy, core needle biopsy, and vacuum assisted needle biopsy. Among the product type segment, the vacuum assisted biopsy segment is expected to pool significant market share. This is attributed to a number of advantages such as less tissue damage and minimum time consumption procedure. Among the application segment, the breast biopsy segment is accounted for the major market share, owing to the growing incidence rate of breast cancers and also increasing awareness of people for early detection of breast cancer. Among the end- user segment, the specialty clinic is expected to hold the significant market share in terms of revenue for MRI safe biopsy needle market.
MRI Safe Biopsy Needle Market: Regional Outlook
The North America is projected to dominate the MRI safe biopsy needle market during the forecast period. The increasing prevalence of chronic diseases cancer and intensive research activities in the region are anticipated to drive the MRI safe biopsy needle market. Europe is expected to score second prominent market share in MRI safe biopsy needle market, owing to the presence of skilled professionals in the region. Also, improved healthcare infrastructure facilities and reimbursement of policies are further aiding in the growth of the MRI safe biopsy needle market in the region. The Asia pacific is expected to have lucrative growth in the MRI safe biopsy needle market. This is attributed to the increasing adoption of non-invasive procedures for early detection of chronic diseases. Also rising number of cases of cancers and growing awareness of people are further contributing to the growth of the MRI safe biopsy needle market. Latin America is expected to have steady growth in the MRI safe biopsy needle market.
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MRI Safe Biopsy Needle Market: Key Players
The major players operating in MRI safe biopsy needle market are Olympus Corporation, Suretech medical, Inc., Hologic, Inc, Argon Medical Devices, Inc, Medax medical devices, Somatex Medical technologies, C. R. Bard, Inc.,Sterylab S.r.l, and Nano4imaging Gmrh.