Fact.MR, Rockville MD: The global bone biopsy systems market study being conducted by market research firm Fact.MR projects a positive expansion outlook for 2021 and beyond.
High burden of orthopedic cancers is stimulating enhanced biopsy systems deployment to enable timely treatment
Fact.MR, Rockville MD: The global bone biopsy systems market study being conducted by market research firm Fact.MR projects a positive expansion outlook for 2021 and beyond. As the coronavirus pandemic’s onslaught recedes, hospitals and clinics are reverting to their pre-pandemic routine, leading to a resumption in bone biopsy procedures, thus restoring demand.
As the global geriatric population exponentially surges, prevalence of osteoporosis and low bone mass has risen to 52 million by 2010, and reached 51 million active cases by 2020. This means that over half of all Americans aged above 50 years are at an elevated risk of developing osteoporosis of the hip. According to the World Health Organization, approximately 1.71 billion have musculoskeletal conditions worldwide. Amid such a scenario, demand for advanced bone biopsy procedures is becoming the need of the hour.
According to Fact.MR’s study, growth in the bone biopsy systems market is underpinned by rising prevalence of bone related disorders, which is facilitating enhanced research and development to introduce technologically advanced and precise therapeutics. Since the beginning of the previous decade, breakthroughs such as intraosseous medicine is ushering in a much-needed change in bone diagnostics, especially in bone marrow procedures.
“With increased prevalence of sedentary living, chronic bone disorders are only set to incline, prompting patients to seek effective treatment. This is providing immense opportunities for prominent bone biopsy manufacturers to tap lucrative markets, especially in the developing world,” remarks the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Bone Biopsy Systems Study
- By type, needle biopsy is expected to remain most prominent, given the rising demand for precise surgeries
- Cancer detection constitutes the primary indication purpose behind deploying bone biopsy systems
- By end-user, hospitals to represent the largest clientele for bone biopsy systems
- US to remain a promising market, attributed to rising incidence of arthritis and osteoarthritis
- Treatment for secondary bone cancer to stimulate enhanced bone biopsy systems adoption in the UK
- Rising osteoporosis cases is fueling bone biopsy treatment across Germany and France
- India & China to attract huge investments, attributed to increased vulnerability to joint fractures among adults in urban areas
Bone Biopsy Market- Prominent Drivers
- Growing incidence of bone related cancers is stimulating demand for advanced bone biopsy systems
- Emergence of multiple detection approaches, including those involving advanced imaging techniques, is driving increased sales
- Rising international level collaborations to facilitate enhanced bone disorders research is providing a wide ground for key bone biopsy systems manufacturers
Bone Biopsy Market- Key Restraints
- Asymmetrical healthcare infrastructure in developing countries is restricting uptake of bone biopsy systems amid financial constraints
- Limited awareness concerning effective bone disorders diagnosis among patients leads to reduced screening procedures, limiting sales
Discover more about the bone biopsy systems market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/3884/bone-biopsy-systems-market
Competitive Landscape
Merit Medical Systems, Stryker Corporation, Argon Medical Devices Inc., Becton Dickinson & Company, Teleflex Incorporated, Laurane Medical, Mermaid Medical A/S and Remington Medical are some prominent bone biopsy systems manufacturers profiled in Fact.MR’s study. Offering the latest biopsy equipment remains the core strategy of most of the aforementioned market players.
Merit Medical Systems is a pioneer in the bone biopsy domain, offering a wide range of biopsy systems. Some of its products include the HuntingtonTM Bone Biopsy System, KensingtonTM Bone Biopsy System, MadisonTM Bone Biopsy System, and the WestbrookTM Bone Biopsy System among others. Additionally, it also offers the PrestonTM Bone Biopsy Accessories and BiopSafe® Biopsy Sample Systems respectively.
Likewise, Stryker Corporation offers an entire range of bone biopsy kits which are compatible with their 8, 10 and 11 gauge needles. The coaxial design allows for biopsy collection of a core sample within the vertebral body. The needle’s syringe measures 3cc and features a rotating handle for greater flexibility.
More Insights on the Bone Biopsy Systems Market
In its latest report, Fact.MR offers unbiased analysis of the global bone biopsy systems market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of type (needle biopsy and open biopsy), indication (cancer, bone infection, osteoporosis, chronic kidney disease and others) and end user (hospitals, specialty clinics, and ambulatory surgical centers) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ and Middle East & Africa)
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