Global Aspiration and Biopsy Needles Market Size, Share and Future Scope
Global Aspiration and Biopsy Needles Market Set to Generate Over $1,500.0 Million Revenue by 2030.
By: P&S Intelligence
The other major factors contributing to the surge in the demand for aspiration and biopsy needles are the rising popularity of minimally invasive surgeries, soaring healthcare expenditure in several countries, and rapid technological innovations in the devices used for disease diagnosis. Due to these factors, the global aspiration and biopsy needles market size is predicted to increase from $801.5 million in 2019 to $1,717.9 million in 2030. The market is expected to progress at a CAGR of 7.2% during the forecast period (2020–2030)
There are two types of needles widely used in aspiration and biopsy procedures, namely core needles and fine needles. Of these, core needles are expected to register higher usage during the forecast period. This is mainly attributed to the fact that the biopsies conducted with the help of core needles are more successful in distinguishing between invasive and in situ breast tumors and in identifying benign lesions. These needles are also predicted to record the faster growth in usage than fine needles, in the coming years.
Therefore, owing to the rising incidence of cancer, increasing healthcare expenditure, and surging awareness amongst the people throughout the world about the various cancer diagnosis processes, the demand for aspiration and biopsy needles will observe significant growth in future.