Biopsy Devices Market size to exceed $3bn by 2024

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Biopsy Devices Market size to exceed 3bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Biopsy Devices Market

• Global biopsy devices market size is set to reach
  USD 3.1 billion by 2024, from an estimated USD
  1.75 billion for 2015, projected to grow at 6.5
  from 2016 to 2024.
• Biopsy guidance systems dominated the overall
  biopsy devices market during the forecast
  timeframe valued at USD 755.5 million for 2015.
• U.S. biopsy devices market size valued at USD
  410.5 million for 2015, accounting for major
  regional share. High prevalence of cancer coupled
  with growing awareness regarding cancer diagnosis
  are some of the factors attributed to the major
  share of the region.
• Germany and UK garnered 28.6 and 22.8
  respectively in the Europe biopsy devices market
  share for 2015.

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Continued...

• Biopsy devices market share experiences a
  moderately low level of new entry threat. The
  major players in the market take up around 80
  share, and employ acquisition strategies making
  it difficult for the new players to sustain in
  the market.
• China, Japan and India biopsy devices market
  drive Asia Pacific due to presence of large
  patient pool, while LATAM was driven by Brazil
  and Mexico.

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U.S. Biopsy Devices Market Size, by Product,
2012- 2024 (USD Million)

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360 Analysis

• Product Analysis
• Global biopsy devices market share was dominated
  by guidance systems, followed by needle-based
  biopsy guns, and biopsy needles respectively.
  Guidance systems contributed 43 to the overall
  revenue in 2015, with target market size slated
  to exceed USD 1.1 billion by 2024. The high
  prices associated with robotic guidance systems
  contributed considerably to segment revenue. 
• Regional Analysis
• North America was the largest regional industry,
  contributing to global share by over 55 in 2015,
  followed by Europe and Asia Pacific. U.S. biopsy
  devices market size was valued at close to USD 1
  billion in 2015, which was over 80 of the North
  American industry. This can be attributed to the
  increasing awareness regarding cancer diagnosis,
  and continued funding activities for effective
  diagnostics procedures.
• Competitive Market Share
• Global biopsy device market share is
  oligopolistic in nature with very few players
  accounting to over 90 of the market share in
  2015. The industry players have witnessed
  consolidation in order to widen product portfolio
  and expand distribution networks. C.R. Bard
  dominated the global share in 2015.

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