Bone Biopsy Needle Market Research Report 2021-2031
The Bone Biopsy Needle Market is expected to register a CAGR of 7.80% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented based on type (8g, 10g, 11g, 13g, others). The report is further segmented on the basis of application (hospital, laboratory, others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Bone Biopsy Needle Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Bone Biopsy Needle Market Segmentation
Type- 8G
- 10G
- 11G
- 13G
- Others
- Hospital
- Laboratory
- Others
Strategic Insights
Bone Biopsy Needle Market Growth Drivers- Rising Prevalence of Bone Disorders:The incidence of bone disorders, such as osteoporosis, osteosarcoma, and metastases, is increasing. Until now, there is an ever-increasing demand for the accurate diagnosis of such bone disorders. Therefore, the increased demand from the healthcare service providers to get the most reliable method of obtaining a bone tissue sample will result in a high growth factor in the market because of the rising demand for advanced bone biopsy needles.
- Technological Advancement:Advancements in bone biopsy needles - automated systems as well as image guided procedures - have led to better precision and safety for patients. Low risk of the procedure, quality improvement in the sample, quick recovery as well as quicker recuperation times are factors that ensure adoption of bone biopsy needles for use in different healthcare services and act as drivers toward the enhancement of market growth.
- Rising Awareness and Screening Programs:Increased awareness regarding early diagnosis of bone diseases and setting up of screening programs contribute to the market's growth. As patients and healthcare professionals emphasize timely diagnosis, this will drive up demand for reliable bone biopsy needles.
- Minimally Invasive Techniques:The paradigm shift toward minimally invasive procedures is transforming the bone biopsy business environment. Newer generation tools, needle designs, and procedures are meant to achieve less tissue damage and more comfort for the patients. As such, the healthcare industry is more focused on offering less invasive procedures and this has a correlation with the need for more specialized biopsy needles that will meet this need.
- Integration of Robotics and Automation:Systems for bone biopsy under robotic assistance are on the way of development which helps in better accuracy and control in the course of the procedure. This orientation is believed to change the outlook of the market as it will discourage the element of human error in carrying out the procedures. With technological advancements, it is anticipated that the manufacturers will start making needles that can be used with these modern robotic systems.
- Personalized Medicine Approaches:The changing paradigm of medicine to personal medicine is affecting the demand for bone biopsy needles. Increasingly personalized treatment regimens entail increased need for tissue characterization. Hence this will increase the need for special biopsy needles that are geared towards better sample collection for individualized diagnosis.
- Expansion in Emerging Markets:Global manufacturers are well placed to explore the potential of emerging markets owing to the growing healthcare spending and the increasing awareness of bone health. Companies in such regions can also provide advanced imaging equipment which is already in great demand thus enhancing their bone biopsy needle market leadership globally.
- Customization of Product Offerings:There is an interesting avenue for manufacturers’ creativity in the form of implementing improvements by producing individual bone biopsy needles. Working with the end users help appreciate their needs dictating the design of special measures that increase satisfaction and in turn customer loyalty.
- Strategic Cooperation and Alliances:A great chance for the manufacturers exists when they decide to enter into strategic alliances with hospitals, research institutes, or technology companies. Such interactions can lead to synergies in development of new products, knowledge transfer, and access to other countries leading to growth and better competitiveness in the bone biopsy needle business.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bone Biopsy Needle Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Bone Biopsy Needle Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
3M, Cardinal Health, Halyard Worldwide Inc, Hogy Medical, Johnson and Johnson Services Inc, Kimberly Clark Health Care, Lohmann and Rauscher GmbH and Co KG, Medline Industries Inc, and PAUL HARTMANN AG
North America dominated the bone biopsy needle market in 2023
The paradigm shift toward minimally invasive procedures is likely to remain the key trend during the forecast period.
The bone biopsy needle market drivers include the rising prevalence of bone disorders, technological advancement, and the rising awareness and screening programs.
The Bone Biopsy Needle Market is estimated to witness a CAGR of 7.80% from 2023 to 2031
Asia Pacific region is likely to witness the fastest growth rate during the forecast period.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bone Biopsy Needle Market - By Type
1.3.2 Bone Biopsy Needle Market - By Application
1.3.3 Bone Biopsy Needle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BONE BIOPSY NEEDLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BONE BIOPSY NEEDLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BONE BIOPSY NEEDLE MARKET - GLOBAL MARKET ANALYSIS
6.1. BONE BIOPSY NEEDLE - GLOBAL MARKET OVERVIEW
6.2. BONE BIOPSY NEEDLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BONE BIOPSY NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 8G
7.3.1. Overview
7.3.2. 8G Market Forecast and Analysis
7.4. 10G
7.4.1. Overview
7.4.2. 10G Market Forecast and Analysis
7.5. 11G
7.5.1. Overview
7.5.2. 11G Market Forecast and Analysis
7.6. 13G
7.6.1. Overview
7.6.2. 13G Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BONE BIOPSY NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. LABORATORY
8.4.1. Overview
8.4.2. Laboratory Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. BONE BIOPSY NEEDLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bone Biopsy Needle Market Overview
9.1.2 North America Bone Biopsy Needle Market Forecasts and Analysis
9.1.3 North America Bone Biopsy Needle Market Forecasts and Analysis - By Type
9.1.4 North America Bone Biopsy Needle Market Forecasts and Analysis - By Application
9.1.5 North America Bone Biopsy Needle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Bone Biopsy Needle Market
9.1.5.1.1 United States Bone Biopsy Needle Market by Type
9.1.5.1.2 United States Bone Biopsy Needle Market by Application
9.1.5.2 Canada Bone Biopsy Needle Market
9.1.5.2.1 Canada Bone Biopsy Needle Market by Type
9.1.5.2.2 Canada Bone Biopsy Needle Market by Application
9.1.5.3 Mexico Bone Biopsy Needle Market
9.1.5.3.1 Mexico Bone Biopsy Needle Market by Type
9.1.5.3.2 Mexico Bone Biopsy Needle Market by Application
9.2. EUROPE
9.2.1 Europe Bone Biopsy Needle Market Overview
9.2.2 Europe Bone Biopsy Needle Market Forecasts and Analysis
9.2.3 Europe Bone Biopsy Needle Market Forecasts and Analysis - By Type
9.2.4 Europe Bone Biopsy Needle Market Forecasts and Analysis - By Application
9.2.5 Europe Bone Biopsy Needle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bone Biopsy Needle Market
9.2.5.1.1 Germany Bone Biopsy Needle Market by Type
9.2.5.1.2 Germany Bone Biopsy Needle Market by Application
9.2.5.2 France Bone Biopsy Needle Market
9.2.5.2.1 France Bone Biopsy Needle Market by Type
9.2.5.2.2 France Bone Biopsy Needle Market by Application
9.2.5.3 Italy Bone Biopsy Needle Market
9.2.5.3.1 Italy Bone Biopsy Needle Market by Type
9.2.5.3.2 Italy Bone Biopsy Needle Market by Application
9.2.5.4 Spain Bone Biopsy Needle Market
9.2.5.4.1 Spain Bone Biopsy Needle Market by Type
9.2.5.4.2 Spain Bone Biopsy Needle Market by Application
9.2.5.5 United Kingdom Bone Biopsy Needle Market
9.2.5.5.1 United Kingdom Bone Biopsy Needle Market by Type
9.2.5.5.2 United Kingdom Bone Biopsy Needle Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bone Biopsy Needle Market Overview
9.3.2 Asia-Pacific Bone Biopsy Needle Market Forecasts and Analysis
9.3.3 Asia-Pacific Bone Biopsy Needle Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Bone Biopsy Needle Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Bone Biopsy Needle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bone Biopsy Needle Market
9.3.5.1.1 Australia Bone Biopsy Needle Market by Type
9.3.5.1.2 Australia Bone Biopsy Needle Market by Application
9.3.5.2 China Bone Biopsy Needle Market
9.3.5.2.1 China Bone Biopsy Needle Market by Type
9.3.5.2.2 China Bone Biopsy Needle Market by Application
9.3.5.3 India Bone Biopsy Needle Market
9.3.5.3.1 India Bone Biopsy Needle Market by Type
9.3.5.3.2 India Bone Biopsy Needle Market by Application
9.3.5.4 Japan Bone Biopsy Needle Market
9.3.5.4.1 Japan Bone Biopsy Needle Market by Type
9.3.5.4.2 Japan Bone Biopsy Needle Market by Application
9.3.5.5 South Korea Bone Biopsy Needle Market
9.3.5.5.1 South Korea Bone Biopsy Needle Market by Type
9.3.5.5.2 South Korea Bone Biopsy Needle Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bone Biopsy Needle Market Overview
9.4.2 Middle East and Africa Bone Biopsy Needle Market Forecasts and Analysis
9.4.3 Middle East and Africa Bone Biopsy Needle Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Bone Biopsy Needle Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Bone Biopsy Needle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bone Biopsy Needle Market
9.4.5.1.1 South Africa Bone Biopsy Needle Market by Type
9.4.5.1.2 South Africa Bone Biopsy Needle Market by Application
9.4.5.2 Saudi Arabia Bone Biopsy Needle Market
9.4.5.2.1 Saudi Arabia Bone Biopsy Needle Market by Type
9.4.5.2.2 Saudi Arabia Bone Biopsy Needle Market by Application
9.4.5.3 U.A.E Bone Biopsy Needle Market
9.4.5.3.1 U.A.E Bone Biopsy Needle Market by Type
9.4.5.3.2 U.A.E Bone Biopsy Needle Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bone Biopsy Needle Market Overview
9.5.2 South and Central America Bone Biopsy Needle Market Forecasts and Analysis
9.5.3 South and Central America Bone Biopsy Needle Market Forecasts and Analysis - By Type
9.5.4 South and Central America Bone Biopsy Needle Market Forecasts and Analysis - By Application
9.5.5 South and Central America Bone Biopsy Needle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bone Biopsy Needle Market
9.5.5.1.1 Brazil Bone Biopsy Needle Market by Type
9.5.5.1.2 Brazil Bone Biopsy Needle Market by Application
9.5.5.2 Argentina Bone Biopsy Needle Market
9.5.5.2.1 Argentina Bone Biopsy Needle Market by Type
9.5.5.2.2 Argentina Bone Biopsy Needle Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BONE BIOPSY NEEDLE MARKET, KEY COMPANY PROFILES
11.1. BD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MERMAID MEDICAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDITECH DEVICES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. STRYKER
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MöLLER MEDICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SECUROS SURGICAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RANFAC CORP.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ARGON MEDICAL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. REMINGTON MECICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MERIT MEDICAL SYSTEMS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BD
2. MERMAID MEDICAL
3. MEDITECH DEVICES
4. STRYKER
5. MöLLER MEDICAL
6. SECUROS SURGICAL
7. RANFAC CORP
8. ARGON MEDICAL
9. REMINGTON MECICAL
10. MERIT MEDICAL SYSTEMS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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