The North America biopsy devicesmarket is expected to reach US$ 1,466.30 million by 2027 from US$ 897.60 million in 2019; it is estimated to grow at a CAGR of 6.5% during 2020-2027.
The biopsy devices marketis growing primarily due to the increasing cancerprevalence, and government support and initiativesin the region. Factors such limitations associated to biopsy devices damage the growth of the market. Additionally, increasing awareness regarding early disease detectionand consistent improvements in product designsare the factors that are likely to fuel the growth of the biopsy devices marketduring the forecast period.
Biopsy is a medical examination implemented by surgeons, interventional radiologists, or interventional cardiologists to extract sample cells or tissues for the identification and detection of diseases. The tissue is generally observed under a microscope by pathologists; it can also be examined via chemical methods. Biopsies are most commonly performed to identify cancerous and inflammatory conditions.
Governments in North American countriesare supportive toward promoting the early detection of cancer and undertake various initiatives for the same. For instance, the National Institutes of Health (NIH) started a new initiative called Precompetitive Collaboration on Liquid Biopsy for Early Cancer Assessment. The purpose of this initiative is to establish a Public-Private Partnership Program for the development of new technologies or validate the existing technologies, methods, and assays for the capture and quantification of tumor-associated cells, RNA, DNA, or exosomes in the body fluids of patients with an early-stage disease or those who are at high risk. The initiative emphasizes detecting cancer in early stages, distinguishing between aggressive from nonaggressive cancers, and differentiating benign disease from cancer.
The NCI's commitment toward funding the R&D of advanced clinical technology also encourages investigators to expand their research scope to include the early detection and accelerate clinical adoption of these promising technologies. For instance, in 2017,the estimated national expenditures for cancer care in the US were US$147.3 billion. In the coming years, these costs are likely to increase with the aging population and increasingcancer prevalence. The expenditure is also likely to shoot up as new, and often more expensive, treatments are adopted as standards of care, which is a major factor boosting the growth of the biopsy devices in the North America market.
In the US, due to an increasing number ofCOVID-19 infected patients, healthcare professionals and leading organizations are rechanneling the flow of healthcare resources from R&D to primary care, which is slowing down the process of innovation. Further, the COVID-19 pandemic spread is also hindering the conduct of clinical trials and drug development, and the operations of diagnostic industry in the US. For instance, California-based Lucence Diagnostics Pte Ltd., a known player in the biopsy products industry, has diverted operations to manufacture COVID-19 diagnostics kits.
Moreover, according to a recent survey by Medscape in April 2020, substantial disruption in routine cancer carehas been witnessed,including tests for screening and diagnosis in suspected cases, to their treatment as a result of the COVID-19 pandemic. The rapid increase in the number of COVID-19 patients in the US and Canada is likely to hamper the growth of biopsy devices market and result in the slowdown of the market growth in the near future.
In 2019, the needle-based biopsy segment accounted for the largest share of the North America biopsy devices market. The growth of the market for this segment attributes to rising adoption of needle based-biopsy due to its high accuracy, with minimal injury associated with the procedure. Further, the segment is also likely to register the highest CAGR in the market during the forecast period.
A few of the significant secondary sources associated with the North America Biopsy Devicesmarket report are the World Health Organization (WHO), Centers of Disease Control and Prevention (CDC), American Cancer Society, and Canadian Cancer Society.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
 1.3.1 North America Biopsy Devices Market - By Product
 1.3.2 North America Biopsy Devices Market - By Technology
 1.3.3 North America Biopsy Devices Market - By Application
 1.3.4 North America Biopsy Devices Market - By Country
2. North America Biopsy Devices Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Biopsy Devices Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
 4.2.1 Biopsy Devices Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Biopsy Devices Market - Key Market Dynamics
5.1 Key Market Drivers
 5.1.1 Increasing Cancer Rates
 5.1.2 Government Support and Initiatives
5.2 Key Market Restraints
 5.2.1 Limitations Associated with Biopsy
5.3 Key Market Opportunities
 5.3.1 Increasing Awareness Regarding Early Disease Detection
5.4 Future Trends
 5.4.1 Consistent Improvement in Product Designs
5.5 Impact Analysis
6. Biopsy Devices Market - North America Analysis
6.1 North America Biopsy Devices Market Revenue Forecasts and Analysis
7. North America Biopsy Devices Market Analysis and Forecasts To 2027 - By Product
7.1 Overview
7.2 North America Biopsy Devices market, By Product 2019 & 2027 (%)
 7.2.1 North America Biopsy Devices Market Revenue and Forecasts to 2027, By Product (US$ Mn)
 7.2.2 Needle-Based Biopsy Market Revenue and Forecasts to 2027, By Type (US$ Million)
7.3 Needle-Based Biopsy
 7.3.1 Overview
 7.3.2 North America Needle-Based Biopsy Market Revenue and Forecast to 2027 (US$ Mn)
 7.3.3 Core Biopsy Devices
 7.3.3.1 Overview
 7.3.3.2 North America Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Mn)
 7.3.4 Aspiration Biopsy Needles
 7.3.4.1 Overview
 7.3.4.2 North America Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Mn)
 7.3.5 Vacuum Assisted Biopsy (VAB) Devices
 7.3.5.1 Overview
 7.3.5.2 North America Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Localization Wires
 7.4.1 Overview
 7.4.2 North America Localization Wires Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Procedure Trays
 7.5.1 Overview
 7.5.2 North America Procedure Trays Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
 7.6.1 Overview
 7.6.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Biopsy Devices Market Analysis - By Technology
8.1 Overview
8.2 North America Biopsy Devices Market, By Technology 2019-2027 (%)
 8.2.1 North America Biopsy Market Devices Revenue and Forecasts to 2027, By Technology (US$ Mn)
8.3 CT Scan
 8.3.1 Overview
 8.3.2 North America CT Scan Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Ultrasound Guided Biopsy
 8.4.1 Overview
 8.4.2 North America Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Stereotactic Guided Biopsy
 8.5.1 Overview
 8.5.2 North America Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 MRI Guided Biopsy
 8.6.1 Overview
 8.6.2 North America MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
 8.7.1 Overview
 8.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Biopsy Devices Market Analysis - By Application
9.1 Overview
9.2 North America Biopsy Devices Market, By Application 2019-2027 (%)
 9.2.1 North America Biopsy Devices Market Revenue and Forecasts to 2027, By Application (US$ Mn)
9.3 Lungs Biopsy
 9.3.1 Overview
 9.3.2 North America Lungs Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Kidney Biopsy
 9.4.1 Overview
 9.4.2 North America Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Liver Biopsy
 9.5.1 Overview
 9.5.2 North America Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Breast Biopsy
 9.6.1 Overview
 9.6.2 North America Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
 9.7.1 Overview
 9.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Biopsy Devices Market Revenue and Forecasts To 2027 - Geographical Analysis
10.1 North America Biopsy Devices Market Revenue and Forecasts To 2027
 10.1.1 Overview
 10.1.2 North America: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.3 North America: Biopsy devices Market, by Product, 2018-2027 (USD Million)
 10.1.3.1 North America: Needle-Based Biopsy Devices, Market, by Type, 2018-2027 (USD Million)
 10.1.4 North America: Biopsy Devices, Market, by Technology, 2018-2027 (USD Million)
 10.1.5 North America: Biopsy Devices Market, by Application, 2018-2027 (USD Million)
 10.1.6 North America: Biopsy devices Market, by Country, 2019 & 2027 (%)
 10.1.7 US: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.7.1 US: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.7.2 US: Biopsy devices Market, by Product, 2018-2027 (USD Million)
 10.1.7.2.1 US: Needle-Based Biopsy Devices, Market, by Type, 2018-2027 (USD Million)
 10.1.7.3 US: Biopsy Devices, Market, by Technology, 2018-2027 (USD Million)
 10.1.7.4 US: Biopsy Devices Market, by Application, 2018-2027 (USD Million)
 10.1.8 Canada: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.8.1 Canada: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.8.2 Canada: Biopsy devices Market, by Product, 2018-2027 (USD Million)
 10.1.8.2.1 Canada: Needle-Based Biopsy Devices, Market, by Type, 2018-2027 (USD Million)
 10.1.8.3 Canada: Biopsy Devices, Market, by Technology, 2018-2027 (USD Million)
 10.1.8.4 Canada: Biopsy Devices Market, by Application, 2018-2027 (USD Million)
 10.1.9 Mexico: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.9.1 Mexico: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
 10.1.9.2 Mexico: Biopsy devices Market, by Product, 2018-2027 (USD Million)
 10.1.9.2.1 Mexico: Needle-Based Biopsy Devices, Market, by Type, 2018-2027 (USD Million)
 10.1.9.3 Mexico: Biopsy Devices, Market, by Technology, 2018-2027 (USD Million)
 10.1.9.4 Mexico: Biopsy Devices Market, by Application, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on North America Biopsy Devices Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 BD
 12.1.1 Key Facts
 12.1.2 Business Description
 12.1.3 Products and Services
 12.1.4 Financial Overview
 12.1.5 SWOT Analysis
 12.1.6 Key Developments
12.2 Boston Scientific Corporation
 12.2.1 Key Facts
 12.2.2 Business Description
 12.2.3 Products and Services
 12.2.4 Financial Overview
 12.2.5 SWOT Analysis
 12.2.6 Key Developments
12.3 Cardinal Health Inc.
 12.3.1 Key Facts
 12.3.2 Business Description
 12.3.3 Products and Services
 12.3.4 Financial Overview
 12.3.5 SWOT Analysis
 12.3.6 Key Developments
12.4 Cook Medical LLC
 12.4.1 Key Facts
 12.4.2 Business Description
 12.4.3 Products and Services
 12.4.4 Financial Overview
 12.4.5 SWOT Analysis
 12.4.6 Key Developments
12.5 Danaher
 12.5.1 Key Facts
 12.5.2 Business Description
 12.5.3 Products and Services
 12.5.4 Financial Overview
 12.5.5 SWOT Analysis
 12.5.6 Key Developments
12.6 Hologic, Inc.
 12.6.1 Key Facts
 12.6.2 Business Description
 12.6.3 Products and Services
 12.6.4 Financial Overview
 12.6.5 SWOT Analysis
 12.6.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Biopsy Devices Market Revenue and Forecasts To 2027, By Product (US$ Mn)
Table 2. Needle-Based Biopsy Market Revenue And Forecasts to 2027, By Type (US$ Million)
Table 3. North America Biopsy Devices Market Revenue and Forecasts To 2027, By Technology (US$ Mn)
Table 4. North America Biopsy Devices Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 5. North America Biopsy devices Market, by Product- Revenue and Forecast to 2027 (USD Million)
Table 6. North America Needle-Based Biopsy Devices Market, by Type- Revenue and Forecast to 2027 (USD Million)
Table 7. North America Biopsy Devices Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 8. North America Biopsy Devices Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 9. Estimated Number of New Cancer Cases and Deaths, US, 2020
Table 10. US Biopsy Devices Market, by Product- Revenue and Forecast to 2027 (USD Million)
Table 11. US Needle-Based Biopsy Devices Market, by Type- Revenue and Forecast to 2027 (USD Million)
Table 12. US Biopsy Devices Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 13. US Biopsy Devices Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 14. Canada Biopsy devices Market, by Product- Revenue and Forecast to 2027 (USD Million)
Table 15. Canada Needle-Based Biopsy Devices Market, by Type- Revenue and Forecast to 2027 (USD Million)
Table 16. Canada Biopsy Devices Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 17. Canada Biopsy Devices Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 18. Mexico Incidence, Mortality and Prevalence by cancer site in 2018
Table 19. Mexico Biopsy devices Market, by Product- Revenue and Forecast to 2027 (USD Million)
Table 20. Mexico Needle-Based Biopsy Devices Market, by Type- Revenue and Forecast to 2027 (USD Million)
Table 21. Mexico Biopsy Devices Market, by Technology - Revenue and Forecast to 2027 (USD Million)
Table 22. Mexico Biopsy Devices Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 23. Glossary of Terms, Biopsy Devices Market
LIST OF FIGURES
Figure 1. Biopsy Devices Market Segmentation
Figure 2. North America Biopsy Devices Market Overview
Figure 3. Needle-Based Biopsy Segment Held Largest Share of Product Segment In Biopsy Devices Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Biopsy Devices Market - Leading Country Markets (US$ Mn)
Figure 6. Biopsy Devices Market - North America PEST Analysis
Figure 7. Biopsy Devices Market Impact Analysis of Driver and Restraints
Figure 8. North America Biopsy Devices market - Revenue Forecasts and Analysis - 2019- 2027
Figure 9. North America Biopsy Devices market, By Product 2019 & 2027 (%)
Figure 10. North America Needle-Based Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Core Biopsy Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Aspiration Biopsy Needles Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Vacuum Assisted Biopsy (VAB) Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Localization Wires Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Procedure Trays Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Biopsy Devices Market, by technology 2019 & 2027 (%)
Figure 18. North America CT Scan Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Ultrasound Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Stereotactic Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America MRI Guided Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Biopsy Devices Market, by Application 2019 & 2027 (%)
Figure 24. North America Lungs Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. North America Kidney Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Liver Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America Breast Biopsy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. North America: Market, by Key Country - Revenue (2019) (USD Million)
Figure 30. North America Biopsy Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 31. North America: Biopsy devices Market, by Country, 2019 & 2027 (%)
Figure 32. US: Biopsy Devices Market - Revenue and Forecast to 2027 (USD Million)
Figure 33. Canada: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
Figure 34. Mexico: Biopsy devices Market - Revenue and Forecast to 2027 (USD Million)
Figure 35. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Biopsy Devices Market
1. BD
2. Boston Scientific Corporation
3. Cardinal Health Inc.
4. Cook Medical LLC
5. Danaher
6. Hologic, Inc.