Global Prostate Biopsy Needle Market Size By Product(Reusable Devices and Disposable Devices), By Application(Hospitals, Ambulatory Surgical Centers (ASCs)), By Geographic Scope And Forecast

Prostate Biopsy Needle Market Size And Forecast

Prostate Biopsy Needle Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period that is 2023 to 2030.

In a prostate biopsy, tissue from the prostate gland is removed to check for the presence of cancer. The main factors driving the growth of this market are increased technical development and the rising incidence of prostate cancer. Additionally, expanding R&D efforts are anticipated to further boost Prostate Biopsy Market demand on a global scale.

Global Prostate Biopsy Needle Market Definition

If prostate cancer is thought to exist, a biopsy is advised. A pathologist, a medical professional who specializes in diagnosing disease through the study of cells, tissue, and organs, performs a prostate needle biopsy during which a small sample of tissue is extracted from the prostate gland. Biopsy needles are extremely precise, measuring only 1.2 millimeters in diameter and less than 1/2″ long. When the needle pierces the prostate, a sliding sheath expands snaps shut over a tissue sample, and the needle is withdrawn. The most frequent prostate biopsy technique is a sextant (six-part) biopsy. To get a representative sample of the prostate, an average of six cores (top, middle, and bottom; right and left sides) are obtained.

18G caliber needles are frequently utilized during transrectal ultrasonography (TRUS)-guided prostate biopsies, and 12-core tissue samples from the peripheral zone are most frequently collected. Prostate biopsies have a fair diagnostic yield, but there is still a chance for false-negative results, necessitating repeat biopsies. Different sample strategies have been developed to increase the accuracy of prostate biopsies. Increasing the number of core biopsies carried out on each patient has been one option. The reliability of prostate biopsies has also been improved by utilizing bigger caliber needles, which results in more tissue being collected for each core biopsy.

Global Prostate Biopsy Needle Market Overview

The global market for prostate biopsy needles is predicted to grow in response to the rising incidence of prostate cancer, which is thought to be the second most frequent type of cancer in males, second only to skin cancer, and largely affecting those over 50. Benign prostatic hyperplasia (BPH), another condition connected to the prostate gland, is seen to be on the rise. In this case, the condition results in gland enlargement. The need for prostate biopsy needles is anticipated to increase dramatically as these disorders become more common. Needles, among other prostate biopsy tools, may see an increase in demand in the years to come.Radiologists and surgeons use biopsy needle methods, such as core-needle and fine-needle procedures, to examine anomalies at a specific spot. However, because these treatments entail making cuts and incisions to remove tissue samples, patients may get infected while undergoing them. Additionally, the reuse of aspiration and biopsy needles occurs often, which raises the danger of infection during these procedures. Reusing some needles is not advised by healthcare professionals or product manufacturers, although it is nonetheless common, particularly in developing nations.

It is predicted that the widespread usage of prostate biopsy needles in the diagnosis and treatment of disorders connected to the prostate will pave the way for significant market expansion. According to studies, transrectal ultrasonography (TRUS)-guided systematic needle biopsy is one of the procedures used for biopsies most frequently. It is a common method for identifying prostate cancer. The use of a prostate biopsy needle is less complicated, less expensive, less contaminated, and less complicated with little morbidity. The world market for prostate biopsy needles may experience significant growth as a result of medical institutions investing extensively in prostate biopsies for the diagnosis and treatment of prostate cancer. These institutes are likewise concentrating on developing cutting-edge medical infrastructure to meet people’s medical requirements.

Global Prostate Biopsy Needle MarketSegmentation Analysis

The Global Prostate Biopsy Needle Market is segmented based on Product, Application, and Geography.

Prostate Biopsy Needle Market, by Product

• Reusable Devices• Disposable Devices

Based on Product, the Global market is segmented into Reusable Devices and Disposable Devices. The Disposable Devices segment accounted for the highest market share during the forecast period and it is expected to continue during the projected period. After a transrectal prostate needle biopsy, there is a lower frequency of infection complications as a result of the use of disposable devices.

Prostate Biopsy Needle Market, by Application

• Hospitals• Ambulatory Surgical Center(ASCs)• Diagnostic Centers

Based on Application, the Global market is segmented into Hospitals, Ambulatory Surgical Centers (ASCs), and Diagnostic Centers. The Hospitals segment accounted for the highest market share during the forecast period and it is expected to continue during the projected period. This is primarily due to the growing number of beds that are readily available and offer quick services, proper treatment, and the presence of skilled professionals. Additionally, the availability of transrectal ultrasound is increasing the demand for treatment in hospitals and the growth of this market. This is mostly due to the availability of healthcare facilities that are committed to offering same-day surgical help, including diagnostic and preventive treatments, and are accelerating the expansion of this industry.

Prostate Biopsy Needle Market, by Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on Geography, the Global Prostate Biopsy Needle Market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific segment accounted for the highest market share during the forecast period and it is expected to continue during the projected period. The increasing incidence of cancer in important APAC nations like China and India, as well as expanding government initiatives for cancer diagnostics and screening, are the main drivers of this regional market’s expansion.

Key Players

The “Global Prostate Biopsy Needle Market ” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Bard, BD, Argon Medical Devices, Invivo, Cook Medical, TSK, UROMED, Biomedical, Sterylab, and Amecath.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2019, Mana Tech Ltd., Argon Medical’s sole distributor in the UK and Ireland, was acquired.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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