Cancer Biopsy Market Size, Share & Growth Report, 2024-2032
Cancer Biopsy Market Size & Share Global Analysis Report, 2024-2032

Cancer Biopsy Market Share, Size, Trends, Industry Analysis Report, By Type (Liquid, Biopsy, Tissue Biopsy, and Others); By Product Type; By Application; By Region; Segment Forecast, 2024- 2032

  • Published Date:Nov-2023
  • Pages: 117
  • Format: PDF
  • Report ID: PM4004
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global cancer biopsy market was valued at USD 26.55 billion in 2023 and is expected to grow at a CAGR of 14.8% during the forecast period.

Cancer biopsy stands as a foundation in the field of oncology, offering invaluable insights into the nature, characteristics, and progression of malignancies. This diagnostic procedure involves the extraction of a tissue or fluid sample from a suspicious mass or lesion, which is then analyzed under a microscope or through advanced molecular techniques. The information garnered from a biopsy is instrumental in making accurate diagnoses, determining the cancer's stage, and tailoring personalized treatment plans for patients.

Cancer Biopsy Market Size

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The primary driving factor behind cancer biopsy lies in its pivotal role in providing accurate and specific diagnostic information. Biopsies offer a direct sampling of suspect tissues or fluids, allowing pathologists to scrutinize cellular and molecular characteristics. This precision distinguishes between benign and malignant conditions, identifies cancer types, and aids in staging, all of which are crucial for determining appropriate treatment strategies.

Moreover, the advent of molecular profiling techniques like next-generation sequencing (NGS) has propelled the field forward, enabling the identification of genetic alterations driving cancer growth. This information is instrumental in tailoring therapies, known as targeted treatments, that address the specific genetic abnormalities of the tumor. As a result, cancer biopsies have become an indispensable tool, allowing for personalized medicine approaches that optimize treatment efficacy and minimize potential side effects, ultimately leading to improved patient outcomes and survival rates.

  • For instance, in June 2023, IMBdx and AstraZeneca extended their collaborative agreement, focusing on advancing the shift from tissue-based to liquid biopsy diagnostics. This development comes after the positive evaluation of a blood-based genomic profiling assay in the context of prostate cancer.

However, one significant restraint in cancer biopsy is the invasiveness of the procedure. Traditional biopsy methods often involve the insertion of a needle or surgical removal of tissue, which can be uncomfortable and carry some degree of risk. This may deter some patients from undergoing the procedure, potentially delaying diagnosis and treatment initiation.

Cancer Biopsy Market Size

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Furthermore, accessibility and availability of advanced biopsy techniques can be a limiting factor. In certain regions or healthcare settings, access to specialized equipment and trained personnel for performing complex biopsies may be limited, leading to disparities in care.

The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking the Cancer Biopsy Market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.

Growth Drivers

  • Increase in cancer cases is projected to spur the product demand.

The cancer biopsy market is expected to witness significant growth in the coming years, due to the rising number of elderly people and an increase in cancer cases. The emergence of liquid biopsy techniques is also expected to accelerate the market growth. Oncology diagnostics include various procedures such as skin, needle, bone marrow, endoscopic, and surgical biopsies, among which needle biopsies are preferred for early detection. Fine needle aspiration biopsies are also gaining popularity due to their reduced invasiveness and faster results, contributing significantly to the expansion of the cancer biopsy market.

Continuous advancements in biopsy techniques, molecular profiling technologies, and data analysis methods are improving the precision, speed, and comprehensiveness of information derived from biopsies. These technological leaps are reinforcing the crucial role of biopsies in both the diagnosis and treatment of cancer.

Report Segmentation

The market is primarily segmented based on type, product type, application, and region.

By Type

By Product Type

By Application

By Region

  • Liquid, Biopsy
  • Tissue Biopsy
  • Others                                                                                       
  • Kits and Consumables
  • Instruments
  • Services
  • Breast Cancer
  • Cervical Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Type Analysis

  • Liquid biopsy segment is expected to witness highest growth during forecast period

The liquid biopsy segment is projected to grow at a CAGR during the projected period. In recent years, there has been a noticeable surge in physician preference for liquid biopsies. This is largely attributed to their capability to provide insights into diseases from both primary and distant tumor sites. This method plays a pivotal role in personalized medicine treatments, involving the recurrent sampling of tumor markers to adapt therapy according to the patient's response. Additionally, companies are integrating liquid biopsy with advanced Artificial Intelligence (AI) technology for enhanced scrutiny of DNA mutations.

In 2022, tissue biopsy emerged as the leading revenue generator in the field of biopsy procedures, and it remains an essential component of various cancer diagnostic applications. The reason for its continued popularity can be attributed to extensive research efforts that have been focused on evaluating the safety and effectiveness of this procedure. These endeavors have played a vital role in sustaining the dominance of this segment in the global market, a trend that is expected to continue throughout the forecast period.

By Product Type Analysis

  • Kits and consumables segment accounted for the largest market share in 2022

The kits and consumables segment held the largest market share in 2022 and is expected to maintain its position throughout the forecast period. These components play a crucial role in several stages of biopsy procedures, and significant investments by industry leaders have further enhanced their importance. Moreover, the increasing number of patients seeking precise, efficient, and quick instruments and kits globally has significantly boosted their demand. The field of cancer biopsy has made notable advancements in terms of instruments, kits, and consumables, reflecting the ongoing progress in this domain.

By Application Analysis

  • Breast cancer held the significant market revenue share in 2022

The breast cancer segment held a significant market share in revenue share in 2022. Breast cancer stands as a pivotal focus within the cancer biopsy market, given its high prevalence rate, particularly affecting 1 in 8 U.S. women. The alarming statistics highlight the critical need for accurate and timely diagnosis. Microscopic analysis of breast tissue, obtained through needle or surgical biopsies, plays a crucial role in providing definitive diagnoses, staging, and characterizing the type of breast cancer. The prominence of breast cancer within the biopsy market underscores the pivotal role biopsies play in the detection and management of this prevalent and impactful malignancy.

Regional Insights

  • North America region dominated the global market in 2022

The North America region dominated the global market with the largest market share in 2022 and is expected to maintain its dominance over the anticipated period. The cancer biopsy market in North America is characterized by advanced healthcare infrastructure and extensive R&D activities. In 2022, it held a significant market share, driven by a well-established healthcare system and early adoption of cutting-edge technologies. The region's high prevalence of cancer cases and growing geriatric population further contribute to its prominence. Moreover, collaborations between key industry players and research institutions accelerate advancements in biopsy technologies. The introduction of innovative techniques, like liquid biopsies, also gains traction, offering non-invasive alternatives for cancer detection. North America remains a pivotal region, shaping the landscape of cancer diagnostics through biopsy procedures.

The cancer biopsy market in the Asia-Pacific region is witnessing steady growth, driven by increasing healthcare infrastructure and rising cancer prevalence. With a burgeoning population, there's a heightened demand for advanced diagnostic tools. Moreover, awareness campaigns and improved access to healthcare services have amplified the number of cancer screenings. The adoption of biopsy procedures is on the rise, aiding in early and accurate cancer diagnoses. While the market is evolving, there is still untapped potential, particularly in terms of technological advancements and accessibility to cutting-edge biopsy techniques. As the region continues to develop, the cancer biopsy market is poised for significant expansion in the Asia-Pacific.

Key Market Players & Competitive Insights

The cancer biopsy market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.

Some of the major players operating in the global market include:

  • Abbott Laboratories
  • Becton, Dickinson and Company
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • F. Hoffmann-La Roche Ltd.
  • Hologic, Inc.
  • Illumina, Inc.
  • Koninklijke Philips N.V.
  • Myriad Genetics, Inc.
  • NeoGenomics, Inc.
  • QIAGEN N.V.
  • Siemens Healthineers AG
  • Sysmex Corporation
  • Thermo Fisher Scientific Inc.
  • Veracyte, Inc.

 Recent Developments

  • In January 2023, C2i Genomics, a prominent cancer intelligence company, announced its expansion into the European market through a strategic partnership with OncoDNA, a company specializing in precision medicine for patients with cancer and genetic disorders. Their shared goal is to advance the field of personalized medicine for individuals who are dealing with cancer and hereditary conditions.

Cancer Biopsy Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 30.42 billion

Revenue forecast in 2032

USD 92.09 billion

CAGR

14.8% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Product Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

Delve into the intricacies of Cancer Biopsy Market in 2024 through the meticulously compiled market share, size, and revenue growth rate statistics by Polaris Market Research Industry Reports. Uncover a comprehensive analysis that not only projects market trends up to 2032 but also provides valuable insights into the historical landscape. Immerse yourself in the depth of this industry analysis by acquiring a complimentary PDF download of the sample report.

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