The latest market report published by Credence Research, Inc. “Breast Biopsy Devices Market –Growth, Future Prospects and Competitive Analysis, 2018-2026” reports that the alarming incidence of breast cancer and the oncoming trend of minimally invasive and guided cancer diagnostics will drive the global market for breast biopsy devices.
Adoption of Magnetic Resonance Imaging (MRI) to locate and evaluate breast lesions is on a perpetual increase. Breast MRI delivers high sensitivity and low specificity in the assessment of breast abnormalities and lesions. As the demand for breast MRI imaging is rising, the demand for MEI-guided breast intervention will also increase accordingly. MRI guided breast tissue sampling can be performed by wire localization, fine needle aspiration, large core needle biopsy and vacuum-assisted biopsy. High strength MRI systems, such as 3 Tesla and above, are increasingly being installed in clinical practice. The ability to acquire higher resolution images in the shortest possible time makes 3 T machines a better alternative to 1.5 T imaging equipment for breast diagnosis. Reduction in MR data time while maintaining spatial resolution and signal-to-noise ratio further urges the adoption of high-resolution MRI equipment and an attractive option for breast intervention. MRI guided breast biopsy is indicated in abnormalities and lesions where ultrasound and mammography detection is challenged.
Efficiency of MRI-guided breast biopsy in minimizing diagnostic costs, improving diagnostic outcomes and patient comfort, safety in terms of radiation exposure to stereotactic X-ray-guided breast biopsy, and improved accuracy are some of the key factors driving the global MRI-guided breast biopsy market. The global market for breast biopsy guided MRI is expected to grow by 11.3 per cent in the CAGR during the 2018-2026 forecast period.
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Key research study highlights comprise:
- Exhaustive research and analysis of the global BREAST BIOPSY DEVICES industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on BREAST BIOPSY DEVICES market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross-sectional analysis of each region covering individual segments for the forecast period 2016 – 2015 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global BREAST BIOPSY DEVICES market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global BREAST BIOPSY DEVICES market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in BREAST BIOPSY DEVICES market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of BREAST BIOPSY DEVICES market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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