India Biopsy Devices Market to Reach US$ 146.3 Million by 2032, Impelled by Rising Instances of Cancer

July 05, 2022 | Healthcare

According to the latest report by IMARC Group, titled “India Biopsy Devices Market Report by Procedure Type (Surgical Biopsy, Needle Biopsy), Product (Biopsy Guidance Systems, Needle Based Biopsy Guns, Biopsy Needles, Biopsy Forceps, and Others), Application (Breast Biopsy, Lung Biopsy, Colorectal Biopsy, Prostate Biopsy, and Others), Guidance Technique (Ultrasound-guided Biopsy, Stereotactic-guided Biopsy, MRI-guided Biopsy, and Others), End User (Hospitals and Clinics, Academic and Research Institutes, and Others), and Region 2024-2032," the India biopsy devices market reached a value of US$ 83.2 Million in 2023. Biopsy devices are medical equipment used to extract sample cells and tissues from an organ. Needles, localization wires, biopsy guns, and forceps are some of the commonly used devices. They are highly sensitive and lightweight and are commonly used for performing vacuum-assisted magnetic resonance imaging (MRI)-guided, core, and needle-based biopsies on different body parts, such as the breasts, kidneys, lungs, prostate, and liver. They are utilized by cardiologists, surgeons, and radiologists to examine and diagnose various diseases and medical conditions, including inflammation, infection, cancer, and autoimmune disorders.

India Biopsy Devices Market Trends:

One of the key factors driving the India biopsy devices market is the increasing prevalence of cancer in the country and the growing awareness regarding the early detection and treatment of the disease. Biopsy devices are inserted through the skin to collect cells from suspicious areas to diagnose any abnormalities in the body. In line with this, the increasing prevalence of chronic diseases due to sedentary lifestyles, increasing consumption of processed food products, and the growing number of people who smoke and drink alcohol are favoring the market growth. Apart from this, the introduction of smart biopsy devices to assist medical practitioners distinguish healthy cells or calluses from tumorous cells are providing an impetus to the market growth. Additionally, the increasing demand for minimally invasive (MI) biopsy procedures that eliminate the need for surgery for cancer diagnosis and reduce the damage caused to healthy cells by radiation are favoring the market growth. Other factors, including the significant growth in the healthcare sector, extensive research and development (R&D) activities, organization of cancer awareness campaigns by the Government of India (GoI), and rising geriatric population, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 146.3 Million by 2032, exhibiting a CAGR of 6.3% during 2024-2032.

Market Summary:

  • Based on the procedure type, the market has been bifurcated into surgical and needle biopsies.
  • On the basis of the product, the market has been segmented into biopsy guidance systems, needle-based biopsy guns, biopsy needles, biopsy forceps, and others.
  • The market has been classified on the basis of the application into breast, lung, colorectal, prostate, and other biopsies.
  • Based on the guidance technique, the market has been segregated into ultrasound guided biopsy, stereotactic guided biopsy, MRI- guided biopsy, and others.
  • On the basis of the end user, the market has been divided into hospitals and clinics, academic and research institutes, and others.
  • Based on regions, the market has been classified into North, West and Central, South, and East India.
  • The competitive landscape of the industry has also been examined along with the profiles of the key player


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Procedure Type, Product, Application, Guidance Technique, End User, Region
Region Covered North India, West and Central India, South India, East India
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India Biopsy Devices Market to Reach US$ 146.3 Million by 2032, Impelled by Rising Instances of Cancer
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