The recent release of the Globocan 2020 report by the Global Cancer Observatory has shed light on the escalating prevalence of cancer worldwide. Ranked as the second leading cause of death globally, cancer has surpassed even cardiovascular disease. Factors such as tobacco smoking, urbanization-induced pollution, evolving dietary habits, improved medical services, and extended post-reproductive lifespans have collectively contributed to the surge in cancer rates. In 2020 alone, an astonishing 19,292,789 new cancer cases were diagnosed, resulting in an estimated 9,958,133 cancer-related deaths worldwide. This concerning trend is anticipated to continue, with projections indicating an alarming 24,044,406 new cancer cases by 2030. The undeniable increase in the cancer burden is driving the demand for diagnostic procedures, particularly biopsies, which is fueling robust growth in the market.
For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/smart-biopsy-devices-market
The adoption of minimally invasive (MI) biopsy techniques is gaining momentum, as patients increasingly seek less invasive options for accurate diagnosis. Innovations like MI breast biopsy (MIBT) offer the potential for precise diagnosis without the need for invasive surgeries, thereby minimizing the risk of radiation damage to healthy tissues. The growing acceptance of minimally invasive surgical approaches, combined with concerted efforts by governments and healthcare organizations to amplify cancer awareness, are poised to provide a significant boost to the global smart biopsy devices market. Governments worldwide are taking proactive steps to enhance cancer awareness and improve access to diagnostic and therapeutic solutions, creating new avenues for market growth.
Among the notable segments, breast cancer stands out as a key driver of growth within the smart biopsy devices market. Increased awareness among females and improved affordability of diagnostic procedures are fueling this growth. In regions with lower income levels, insufficient awareness has resulted in breast cancer becoming the most common type of cancer. As awareness increases and accessible diagnostic methods become more widely available, the demand for smart biopsy devices, particularly for breast cancer diagnosis, is expected to surge. Additionally, the diagnosis of skin cancer is also projected to witness rapid growth due to the escalating incidence of malignant skin tumors, often associated with factors such as UV radiation exposure and tanning bed use.
North America continues to lead the market, driven by a high prevalence of cancer cases, substantial investments in research and development, the presence of key market players, and initiatives like the National Breast Cancer Awareness Month. The region benefits significantly from robust funding from both public and private sectors, directed towards cancer research and healthcare initiatives. Similarly, the Asia Pacific region is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period. Initiatives by governments and global health organizations, such as India’s Ayushman Bharat and National Health Protection Scheme, are contributing to the robust growth of the market in this region.
In the highly competitive landscape of the global smart biopsy devices market, companies are introducing innovative products and forming strategic collaborations to stay ahead. Guardant Health, Inc.’s partnership with Epic, integrating cancer tests into comprehensive health records, and Izi Medical Product’s launch of the Quick-Core-Auto Biopsy System, a fully automated solution, exemplify this trend. Prominent players in the market include Argon Medical, B. Braun Melsungen AG, Canon Medical Systems Corporation, Cook Medical, Danaher, IMS Giotto S.p.A, INRAD, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, C. R. Bard, Intuitive Surgical, and PLANMED OY.
As the global cancer burden continues to mount, along with heightened awareness efforts and technological advancements, the smart biopsy devices market emerges as a pivotal sector within the broader global healthcare landscape.
Browse Smart Biopsy Devices Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: https://www.fairfieldmarketresearch.com/report/smart-biopsy-devices-market
Similar Reports:
Liquid Biopsy Market: https://www.fairfieldmarketresearch.com/report/liquid-biopsy-market
Cancer Biopsy Market: https://www.fairfieldmarketresearch.com/report/cancer-biopsy-market
