Ultrasound-guided breast biopsy market is estimated to reach US$ 720 Mn in 2022

The global Ultrasound-guided breast biopsy market is anticipated to reach US$ 1,090 million by 2032, growing at an 8% CAGR during the forecast period. In 2022, the ultrasound-guided biopsy market is expected to be worth US$ 720 million. Over the projection period, the rising incidence of breast cancer cases and increased awareness about early detection of breast cancer will drive market sales.

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Ultrasound-Guided Breast Biopsy: Market Insights

Breast cancer is one of the leading cause of cancer in women affecting nearly 80% of women over 50 years of age. Breast cancer mostly starts either with the breast tissue which is made up of glands for milk production know as lobules or in the ducts.

Abnormalities or lumps in breast are mostly detected by mammography or physical examination and other imaging techniques. Thus, ultrasound-guided breast biopsy was introduced into the market which is performed by taking some abnormality samples by guidance from MRI or mammography, ultrasound.

In ultrasound-guided breast biopsy, radiologist used ultrasound imaging to guide to the site of abnormal growth of the cells. An ultrasound-guided breast biopsy is mostly performed when there occurs an abnormality such as distortion in the structure of the breast tissue, suspicious mass of solid and area of change of abnormal tissue.

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According to World Health Organization, an estimate of 627,000 women died from breast cancer in 2018 globally. Thus with increasing prevalence of breast cancer, ultrasound-guided breast biopsy is likely to spur the growth of the market

Ultrasound-Guided Breast Biopsy: Market Dynamics

Ultrasound-guided breast biopsy is expected to manifest significant growth in the market due to its less invasive than other surgical biopsy. In addition to this, ultrasound-guided breast biopsy leaves little scar and can be performed in in very less time which as a result will increase the adoption rate of ultrasound-guided breast biopsy.

Apart from this, no ionizing radiation is used in ultrasound-guided breast biopsy imaging and also provide faster results which is likely to drive the growth of the ultrasound-guided breast biopsy market. Moreover ultrasound-guided breast biopsy is less expensive and has less recovery time.

All this factor will contribute to the growth of the ultrasound-guided breast biopsy market. However, there are certain limitation in restraining the growth of the ultrasound-guided breast biopsy market. Certain factors such as risk of bleeding that forms hematoma may appear during biopsy.

In addition to this, patients may find discomfort during the biopsy which in turn may affect the growth of the ultrasound-guided breast biopsy market. Cost of instrument is also another important factor in restraining the growth of the market.

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Ultrasound-Guided Breast Biopsy Market: Overview

Ultrasound-guided breast biopsy is anticipate to boost the growth of the market. With the increasing prevalence and incidences of breast cancer, the ultrasound-guided breast biopsy is likely to witness significant growth in the ultrasound-guided breast biopsy market.

Manufactures are now currently focused on developing new imaging devices for proper treatment of breast cancer. Since it provides results in less time and lessen the duration of patients stay, ultrasound-guided breast biopsy is gaining much popularity among other methods and thus ultrasound-guided breast biopsy will spur the growth of the market.

Ultrasound-Guided Breast Biopsy Market: Region-wise Outlook

On the basis of geography, the global ultrasound-guided breast biopsy market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America is expected to witness considerable growth in ultrasound-guided breast biopsy market owing to rising adoption of new technologies, increase in launch of new imaging systems and high healthcare infrastructure is likely to foster the growth of the ultrasound-guided breast biopsy market.

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Europe is expected to register significant growth in ultrasound-guided breast biopsy market due to rising prevalence of breast cancer and advancement of technologies will significantly foster the growth of the ultrasound-guided breast biopsy market.

Asia Pacific has shown significant potential in accelerating the growth of the ultrasound-guided breast biopsy market due to increasing campaigns about breast cancer in providing awareness among people for early diagnosis and treatment is likely to boost the growth of ultrasound-guided breast biopsy market

Japan also seems to have considerable growth in the ultrasound-guided breast biopsy market due to increasing advancement in research and development, growing prevalence of breast cancer is anticipate to generate revenue for ultrasound-guided breast biopsy market.

Middle East and Africa has witness less growth in ultrasound-guided breast biopsy market due to poor healthcare infrastructure and economy in the region which may hamper the growth of ultrasound-guided breast biopsy market.

Ultrasound-Guided Breast Biopsy Market: Key Players

Some of the key players present across the value chain of the global ultrasound-guided breast biopsy market are Hologic, Inc., Medsurge Ind Private Limited

The regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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