Global Tissue Extraction System Market Overview
Tissue extraction also known as biopsy is the process of removing tissue sample from the body. The tissues are often extracted to diagnose a disease such as cancer or to assist in understanding a better therapy option. Cancer is uncontrolled growth of cell and can spread to different organs and other parts of the body. Since the imaging technologies can only detect the abnormal mass or lesions but cannot distinguish between cancerous and non-cancerous cells, tissue extraction procedure plays a significant role in the diagnosis of various types of cancers. Mainly to remove a small amount of tissue in the affected part of the body the extraction systems use sharp tools. There are various types of biopsy systems used, such as vacuum assisted biopsy and needle biopsy.
Market Size & Forecast
Tissue Extraction System Market is anticipated to record a significant CAGR over the forecast period. Many multi-national companies are concentrating towards new product advances in tissue extraction systems. Moreover, the numerous ongoing R&D activities and advancements in tissue extraction technologies are anticipated to propel the market growth over the forecast period i.e. 2018-2027. At present the global tissue extraction system market is observing vibrant growth owing to increasing demand for diagnostic drives in cancer research and diagnosis. Furthermore, increasing prevalence of cancer across the globe is additionally predicted to expand the global tissue extraction systems market.
On the basis of regional platform, global tissue extraction system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is estimated to rule the global tissue extraction system market in terms of revenue generation and volume owing to high health awareness among patients and practitioners, presence of sophisticated healthcare infrastructure, and favorable government initiatives behaving as few of the factors attributing to the rise of market in North American region. North-America will be followed by Europe in extraction systems market.
The Asia Pacific region is predicted show a high growth rate resulting in being the most lucrative region in the global tissue extraction systems market due to factors like unmet patient needs, rising awareness among people and rapidly developing healthcare infrastructure in the developing countries such as India and China.
Our-in depth analysis of the global tissue extraction system market includes the following segments:
Global Tissue Extraction System Market is further classified on the basis of region as follows:
Growth Drivers & Challenges
The tissue extraction system market is forecasted to exhibit a striking growth rate in the forecast years globally owing to the necessity for tissue extraction or biopsy for cancer analysis after the patient has been suspected of carrying the disease. The procedure is extremely vital for diagnosing the disease. Thus, increasing prevalence of carcinogenic agents, compromised immunity levels, and rising incidence of cancer could be among primary factors augmenting the demand in the market. According to WHO, cancer is the leading cause of mortality and morbidity globally impacting about 14 million people annually. The technological advancement in imaging technology such as MRI, CT-Scan, PET scan and others are expected to propel the growth of the global tissue extraction system market during the forecast period. The induction of minimally invasive procedures such as liquid biopsy is an additional factor attributing to the growth of the global tissue extraction system market.
Furthermore, rise in awareness among people about cancer diagnosis with increasing population with unhealthy lifestyles and rise in geriatric population are few factors that are expected to propel the growth of the tissue extraction systems market. However, the cost constraints linked with advanced biopsy technologies along with insecurity entangled in the regulations of medical devices are the factors that can behave as limitations in the growth of the global tissue extraction system market during the forecast period.
Scope & Context
Overview of the Parent Market
The Global Tissue Extraction System Market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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