Liver Biopsy Needle Market 2031: Share and Forecast
The Liver Biopsy Needle Market is expected to register a CAGR of 6.8% 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 by Product (Disposable Needle, Reusable Needle). Futher, it is segmented based on End User (Hospital and Clinic, Diagnostic Centers, 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 Liver 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.
Liver Biopsy Needle Market Segmentation
Product- Disposable Needle
- Reusable Needle
- Hospital and Clinic
- Diagnostic Centers
- Others
Strategic Insights
Liver Biopsy Needle Market Growth Drivers- Rising Incidence of Liver Diseases: A growing concern for rising diseases, such as hepatitis and cirrhosis, fuels the demand for liver biopsy needles. Because diagnosis is crucial for proper treatment, improving instruments will increase demand, thereby expanding the market for such high-tech tools.
- Rising Awareness and Screening Programs: Highly conscious awareness of liver health and organized screening programs lead to early diagnosis. Higher public health initiatives and greater educational campaigns have boosted the population base that will need a liver biopsy, hence propelling the liver biopsy needles market.
- Rising Geriatric Population: The steadily rising elderly population is suffering from various problems related to liver diseases, creating a high demand for procedures such as liver biopsy. The rising prevalence of age-related liver problems will increase demands in diagnostic technologies like the liver biopsy needle, hence fostering market growth.
- Minimally Invasive Techniques: The trend towards minimally invasive procedures is changing the liver biopsy landscape. New needle designs that reduce trauma and recovery time are emerging, catering to patient preferences for less invasive diagnostic options, hence having a positive influence on the market of a liver biopsy needle.
- Integration of AI: AI-based integration in the procedure of liver biopsy is increasingly found. AI algorithms add precision to image-based diagnostics and target accurate needle placement, ensuring a diagnostic result that has a higher precision level. This technological advancement would bring a transformative change to the liver biopsy needle market.
- Personalized Medicine: The transition into personal and individual treatment is translating into the biopsy of the liver due to the requirement for detailed diagnostic information. This is forcing advance biopsy needles that facilitate more accurate and individualised assessment of the health condition of the liver.
- Regulatory Developments: Growth in evolving regulatory frameworks is driving the development of safer, more effective liver biopsy devices. Stricter quality standards and higher speed approvals for innovative products will create increasingly dynamic markets, making it an exciting time for industry stakeholders.
- Education and Training Programs: Develop educational programs on the latest techniques for performing liver biopsies among healthcare professionals. In this way, there will be some demand for high end biopsy needles. Developing a learning culture would mean improved patient care and sales of new needle products.
- Telemedicine Integration: The case of telemedicine offers a chance for remote monitoring and consultation in relation to the liver. Technologies that can be used in incorporating liver biopsy needles into telehealth platforms make it possible to achieve timely diagnostics and treatments, hence expanding the scope of the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Liver 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 Liver 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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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
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
The major factors driving the liver biopsy needle market are:
1. Rising Incidence of Liver Diseases.
2. Rising Awareness and Screening Programs.
The liver biopsy needle market is expected to grow at a CAGR of 6.8%.
North America region accounts for highest revenue share in liver biopsy needle market.
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).
CONMED, Medtronic, and Merit Medical Systems are the major companies operating in the liver biopsy needle market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Liver Biopsy Needle Market - By Product
1.3.2 Liver Biopsy Needle Market - By End User
1.3.3 Liver Biopsy Needle Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIVER 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. LIVER 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 AND RESTRAINTS
6. LIVER BIOPSY NEEDLE MARKET - GLOBAL MARKET ANALYSIS
6.1. LIVER BIOPSY NEEDLE - GLOBAL MARKET OVERVIEW
6.2. LIVER BIOPSY NEEDLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIVER BIOPSY NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DISPOSABLE NEEDLE
7.3.1. Overview
7.3.2. Disposable Needle Market Forecast and Analysis
7.4. REUSABLE NEEDLE
7.4.1. Overview
7.4.2. Reusable Needle Market Forecast and Analysis
8. LIVER BIOPSY NEEDLE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL AND CLINIC
8.3.1. Overview
8.3.2. Hospital and Clinic Market Forecast and Analysis
8.4. DIAGNOSTIC CENTERS
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LIVER BIOPSY NEEDLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Liver Biopsy Needle Market Overview
9.1.2 North America Liver Biopsy Needle Market Forecasts and Analysis
9.1.3 North America Liver Biopsy Needle Market Forecasts and Analysis - By Product
9.1.4 North America Liver Biopsy Needle Market Forecasts and Analysis - By End User
9.1.5 North America Liver Biopsy Needle Market Forecasts and Analysis - By Countries
9.1.5.1 United States Liver Biopsy Needle Market
9.1.5.1.1 United States Liver Biopsy Needle Market by Product
9.1.5.1.2 United States Liver Biopsy Needle Market by End User
9.1.5.2 Canada Liver Biopsy Needle Market
9.1.5.2.1 Canada Liver Biopsy Needle Market by Product
9.1.5.2.2 Canada Liver Biopsy Needle Market by End User
9.1.5.3 Mexico Liver Biopsy Needle Market
9.1.5.3.1 Mexico Liver Biopsy Needle Market by Product
9.1.5.3.2 Mexico Liver Biopsy Needle Market by End User
9.2. EUROPE
9.2.1 Europe Liver Biopsy Needle Market Overview
9.2.2 Europe Liver Biopsy Needle Market Forecasts and Analysis
9.2.3 Europe Liver Biopsy Needle Market Forecasts and Analysis - By Product
9.2.4 Europe Liver Biopsy Needle Market Forecasts and Analysis - By End User
9.2.5 Europe Liver Biopsy Needle Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Liver Biopsy Needle Market
9.2.5.1.1 Germany Liver Biopsy Needle Market by Product
9.2.5.1.2 Germany Liver Biopsy Needle Market by End User
9.2.5.2 France Liver Biopsy Needle Market
9.2.5.2.1 France Liver Biopsy Needle Market by Product
9.2.5.2.2 France Liver Biopsy Needle Market by End User
9.2.5.3 Italy Liver Biopsy Needle Market
9.2.5.3.1 Italy Liver Biopsy Needle Market by Product
9.2.5.3.2 Italy Liver Biopsy Needle Market by End User
9.2.5.4 Spain Liver Biopsy Needle Market
9.2.5.4.1 Spain Liver Biopsy Needle Market by Product
9.2.5.4.2 Spain Liver Biopsy Needle Market by End User
9.2.5.5 United Kingdom Liver Biopsy Needle Market
9.2.5.5.1 United Kingdom Liver Biopsy Needle Market by Product
9.2.5.5.2 United Kingdom Liver Biopsy Needle Market by End User
9.2.5.6 Rest of Europe Liver Biopsy Needle Market
9.2.5.6.1 Rest of Europe Liver Biopsy Needle Market by Product
9.2.5.6.2 Rest of Europe Liver Biopsy Needle Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Liver Biopsy Needle Market Overview
9.3.2 Asia-Pacific Liver Biopsy Needle Market Forecasts and Analysis
9.3.3 Asia-Pacific Liver Biopsy Needle Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Liver Biopsy Needle Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Liver Biopsy Needle Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Liver Biopsy Needle Market
9.3.5.1.1 Australia Liver Biopsy Needle Market by Product
9.3.5.1.2 Australia Liver Biopsy Needle Market by End User
9.3.5.2 China Liver Biopsy Needle Market
9.3.5.2.1 China Liver Biopsy Needle Market by Product
9.3.5.2.2 China Liver Biopsy Needle Market by End User
9.3.5.3 India Liver Biopsy Needle Market
9.3.5.3.1 India Liver Biopsy Needle Market by Product
9.3.5.3.2 India Liver Biopsy Needle Market by End User
9.3.5.4 Japan Liver Biopsy Needle Market
9.3.5.4.1 Japan Liver Biopsy Needle Market by Product
9.3.5.4.2 Japan Liver Biopsy Needle Market by End User
9.3.5.5 South Korea Liver Biopsy Needle Market
9.3.5.5.1 South Korea Liver Biopsy Needle Market by Product
9.3.5.5.2 South Korea Liver Biopsy Needle Market by End User
9.3.5.6 Rest of Asia-Pacific Liver Biopsy Needle Market
9.3.5.6.1 Rest of Asia-Pacific Liver Biopsy Needle Market by Product
9.3.5.6.2 Rest of Asia-Pacific Liver Biopsy Needle Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Liver Biopsy Needle Market Overview
9.4.2 Middle East and Africa Liver Biopsy Needle Market Forecasts and Analysis
9.4.3 Middle East and Africa Liver Biopsy Needle Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Liver Biopsy Needle Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Liver Biopsy Needle Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Liver Biopsy Needle Market
9.4.5.1.1 South Africa Liver Biopsy Needle Market by Product
9.4.5.1.2 South Africa Liver Biopsy Needle Market by End User
9.4.5.2 Saudi Arabia Liver Biopsy Needle Market
9.4.5.2.1 Saudi Arabia Liver Biopsy Needle Market by Product
9.4.5.2.2 Saudi Arabia Liver Biopsy Needle Market by End User
9.4.5.3 U.A.E Liver Biopsy Needle Market
9.4.5.3.1 U.A.E Liver Biopsy Needle Market by Product
9.4.5.3.2 U.A.E Liver Biopsy Needle Market by End User
9.4.5.4 Rest of Middle East and Africa Liver Biopsy Needle Market
9.4.5.4.1 Rest of Middle East and Africa Liver Biopsy Needle Market by Product
9.4.5.4.2 Rest of Middle East and Africa Liver Biopsy Needle Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Liver Biopsy Needle Market Overview
9.5.2 South and Central America Liver Biopsy Needle Market Forecasts and Analysis
9.5.3 South and Central America Liver Biopsy Needle Market Forecasts and Analysis - By Product
9.5.4 South and Central America Liver Biopsy Needle Market Forecasts and Analysis - By End User
9.5.5 South and Central America Liver Biopsy Needle Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Liver Biopsy Needle Market
9.5.5.1.1 Brazil Liver Biopsy Needle Market by Product
9.5.5.1.2 Brazil Liver Biopsy Needle Market by End User
9.5.5.2 Argentina Liver Biopsy Needle Market
9.5.5.2.1 Argentina Liver Biopsy Needle Market by Product
9.5.5.2.2 Argentina Liver Biopsy Needle Market by End User
9.5.5.3 Rest of South and Central America Liver Biopsy Needle Market
9.5.5.3.1 Rest of South and Central America Liver Biopsy Needle Market by Product
9.5.5.3.2 Rest of South and Central America Liver Biopsy Needle Market by End User
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. LIVER BIOPSY NEEDLE MARKET, KEY COMPANY PROFILES
11.1. ZAMAR BIOPSY
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. ARGON
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. RI.MOS
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. STERYLAB
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. TSUNAMI 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. HAKKO
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. CONMED
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. MEDTRONIC
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. MERIT MEDICAL SYSTEMS
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. BECTON DICKINSON AND COMPANY
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. Zamar Biopsy
2. Argon
3. RI.MOS
4. STERYLAB
5. Tsunami Medical
6. HAKKO
7. CONMED
8. Medtronic
9. Merit Medical Systems
10. Becton Dickinson and Company
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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