About Biopsy Forceps
Biopsy Forceps is referred to as an Olympus which offers a complete line of high-performing, disposable EndoJaw biopsy forceps. They are available in the sizes which will fit down to a 2.0 mm scope channel and are specially designed for easy positioning to the target biopsy site. A full line of reusable forceps is also been available to fit down to a 1.2 mm scope channel size. The market of the biopsy forceps is growing due to rising geriatric population also there is emergence of the cost effective solutions. But there are some of the aspects which can hamper the market, like reuse of Biopsy Forceps can cause the infection which may hinder the overall market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
Competition among existing players is due to the Industrial lighting market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial lighting Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States, Japanese and Chinese Players will contribute the maximum growth to Global Biopsy Forceps market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
OLYMPUS (Japan), Boston Scientific (United States), KARL STORZ (United States), Cook Medical (United States), Argon Medical (United States), ConMed (United States), Fujifilm (Japan), Cordis J&J (United States), Wilson (United States) and Alton (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tiansong (China) and Jiuhong (China).
Segmentation Overview
AMA Research has segmented the market of Global Biopsy Forceps market by Type (Rigid Biopsy Forceps and Flexible Biopsy Forceps), Application (Hysteroscopy, Laparoscopy, Hysterectomy and Others) and Region.
On the basis of geography, the market of Biopsy Forceps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Biopsy Forceps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Vacuum-assisted biopsy forceps offering minimal invasiveness and favorable reimbursement policies and Development in minimally invasive medical procedures that offers numerous advantages over traditional procedures
Market Growth Drivers:
Growing geriatric population and emergence of cost effective solution, Increasing healthcare expenditure and recent improvements in the healthcare infrastructure and Rising incidences of fatal cancer among patients
Challenges:
Reuse can cause infection and Substitute can capture the market
Restraints:
Higher cost of the products owing to constant upgrades
Opportunities:
The recent technological advancement coupled with development of the novel products & techniques such as advanced biopsy guidance systems and vacuum assisted guns are expected to provide platform for the sustained growth of biopsy forceps market in upcoming years
Market Leaders and their expansionary development strategies
In April 2018, Boston Scientific Corporation closes its acquisition of NxThera. The company developed the Rezūm system, a minimally invasive therapy (MIT) for patients with symptomatic benign prostatic hyperplasia (BPH). With the completion of the acquisition, NxThera will become part of the Boston Scientific Urology and Pelvic Health business
In June 2020, Cook Medical announced the commercial launch of two products for biliary duct procedures in the United States, the transluminal Biliary Biopsy Forceps Set (BBFS) and a new 40-cm delivery system line extension of the existing Zilver 635 biliary stent (ZIB) in the United States.
Key Target Audience
Biopsy Forceps Manufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities, Research organisation and associations and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.