Polyp Biopsy Market Overview

According to Market Research Future (MRFR)’s study, The Polyp biopsy market is expected to reach USD 2,347.2 Million by 2030 at 8.4% CAGR during the forecast period 2022-2030. The risk of cancer associated with the growth of polyps is a major factor responsible for driving the growth of the market in the forthcoming years. The growth is also attributable to the increasing awareness about the harmful effects of polyps.

An upsurge in the preventive healthcare expenditure is estimated for the next couple of years. This, in turn, is prognosticated to have a favorable impact on the growth of the Polyp Biopsy Market over the assessment period.

Although polyps affect people of all age groups, people over 50 years are more prone to polyps. Thus, the growing geriatric population is likely to catalyze the growth of the polyp biopsy market over the next couple of years. Furthermore, the rising trend of alcohol and tobacco consumption coupled with the large-scale prevalence of obesity is expected to propel the prevalence of the disorder. The market is presumed to remain highly lucrative in the upcoming years.

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Polyp Biopsy Market Segmentation

The global polyp biopsy market is segmented on the basis of type, site of polyp, biopsy devices, and end-users. Based on type, the polyp biopsy market has been segmented into type colonoscopy, colposcopy-directed biopsy, esophagogastroduodenoscopy, and laryngoscopy. Based on site of polyp, the polyp biopsy market has been segmented into uterus, nose, sinuses, colon, and others. Based on biopsy device, the polyp biopsy market has been segmented into needle-based biopsy guns, biopsy needles, biopsy forceps, and others. Based on end users, the polyp biopsy market has been segmented into hospital, clinics, diagnostic centers, research laboratories, and others.

Polyp Biopsy Market Regional Analysis

Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas command the largest share of the global polyp biopsy market. The growth of the regional market can be ascribed to the high prevalence of colorectal cancer among the adult population owing to changing lifestyle and unhealthy dietary habits, the presence of advanced treatments in the well-developed healthcare sector and high healthcare expenditure by the population in this region.

Extensive research is being carried out for the development of advanced diagnosis and treatment techniques in the healthcare sector of the Europe region. This, in turn, is expected to propel the growth of polyp biopsy market in the foreseeable future.

Increasing government funding for research and development in the healthcare sector, the rapid development of healthcare infrastructure in the emerging economies and growing awareness regarding the causative factors, adverse effects and available treatments in the developing healthcare sector are fueling the growth of the polyp biopsy market in the Asia Pacific region.

Less emphasis on research and development activities, lack of awareness and absence of primary healthcare services in the developing economies are restraining the growth of the polyp biopsy market in the Middle East and Africa region during the assessment period.

Competitive Dashboard:

The key players profiled by MRFR that are operating in the global polyp biopsy market are Angiotech, Cardinal Health, Inc., CareFusion Corporation, Cigna, C.R. Bard, Inc., Devicor Medical Products Inc., DTR Medical, Hologic, Inc., INRAD Inc., Olympus, and others. Extensive research is being carried by the players in the global polyp biopsy market in order to develop advanced treatment techniques and technologically advanced biopsy devices. The initiatives such as strategic mergers and acquisitions, new product launch and collaborations are aiding the players to sustain the competition in the global polyp biopsy market.

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