|Breast Biopsy Device Market To Reach USD 1.37 Billion By 2026 | Reports And Data|
|By GLOBE NEWSWIRE|
|Wednesday, 09 October 2019 05:11|
New York, Oct. 09, 2019 (GLOBE NEWSWIRE)
New York, Oct. 09, 2019 (GLOBE NEWSWIRE) -- High prevalence of breast cancer, increasing awareness, innovative product launches, increasing strategic developments such as partnerships and agreements, favorable research funding scenario, reimbursement situations are key factors contributing to high CAGR of Breast Biopsy Device Market during forecast period.
The recent study of reports and data suggests that the Breast Biopsy Device Market is expected to attain a market value of USD 1.37 Billion by the end the forecast frame registering a CAGR of 11.0%. Breast Biopsy refers to a diagnostic procedure to determine whether a small sample removed from the breast tissue is cancerous. It is regarded as the most effective methods for cancer diagnosis. It is found that about 70-80% of the biopsies are negative of cancer, but may diagnose conditions that are predispose to mammary carcinoma. Breast biopsy is recommended when a person is facing symptoms like a breast lump, sore breast, breast dimpling, peel appearance to breast and nipple discharge etc. The invasive surgical methods for breast biopsy has been found to be disadvantageous as it is painful and the patient will have to bear the psychological stress of false positive referrals.
The increasing vulnerability of women to mammary carcinoma in all the economies, along with the awareness drives and screenings conducted in favor of women have propelled the demand side of the breast biopsy market. The extensive and exhaustive research environment acts as an impetus to the market which has aided in evolving more accurate and minimally invasive methods for the early diagnosis of mammary carcinoma.
The governments have also worked towards building a continuous and comprehensive environment for cancer research which has fueled the growth of these diagnostic devices. Also favorable reimbursements in this regard has improved the state of this market drastically. The growth of these diagnostic devices are impeded by the prevalence of side effects and infections after the biopsy. Stringent regulations by the USFDA and other notifying authorities along with high cost of these services have worked against the unrestricted growth of the market.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/breast-biopsy-device-market
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Breast Biopsy market on the basis of Type, product, guidance, end use and regional outlook
Type (Revenue, USD Million; 2016–2026)
Product (Revenue, USD Million; 2016–2026)
Guidance Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue, USD Million; 2016-2026)
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