Biopsy Forceps Market: Introduction
- Biopsy forceps are surgical instruments used by surgeons or health care providers to grasp or hold objects and to collect samples, especially tissues, for testing and diagnosis of diseases
- The sample obtained from a patient’s body using biopsy forceps is analyzed for disease condition, which enables health care providers to decide the course of treatment
- These are also used by surgeons during a surgical procedure to handle tissues and vital organs and to perform a safe surgery
- Biopsy forceps offered by market players are available in different shapes and sizes such as straight, angled, short, and long. The type of procedure to be performed, including tissue sampling or surgical procedures such as gynecological procedures, determines the type of biopsy forceps to be employed.
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Key Drivers and Restraints of Global Biopsy Forceps Market
- Increase in incidence of chronic diseases such as cancer and gastrointestinal infections including helicobacter pylori (H Pylori) leads to a large number of patients requiring biopsy tests for diagnosis. This drives demand for and consumption of biopsy forceps for tissue sampling.
- According to the WHO, cancer is a leading cause of death globally, accounting for nearly 10 million deaths in 2020. According to the American Cancer Society (ACS), an estimated 19.3 million new cancer cases (18.1 million excluding nonmelanoma skin cancer) and nearly 10.0 million cancer deaths (9.9 million excluding nonmelanoma skin cancer) were recorded in 2020. Rise in prevalence of cancer is projected to boost the growth of the global biopsy forceps market.
- Increase in patients undergoing surgical procedures across the world and shift of patient and health care provider preference toward minimally invasive surgical procedures are expected to augment the demand for biopsy forceps for surgical applications
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- According to International Agency for Research on Cancer (IARC) estimates, by 2040, the global burden of cancer is expected to rise to 27.5 million new cancer cases and 16.3 million cancer deaths due to the growth and aging of the population.
- According to the World Health Organization (WHO), population aged 60 years and above is likely to rise from 900 million in 2015 to 2 billion in 2050. Increase in geriatric population leads to surge in incidence of age-related problems such as cancer and gastrointestinal disorders. This is projected to fuel the growth of the global biopsy forceps market.
- New and advanced products with ergonomic designs offered by market players and introduction of biopsy forceps for specific applications are anticipated to drive the global biopsy forceps market during the forecast period
- However, high cost of products owing to constant upgrades by major players restrains the global biopsy forceps market
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North America to Lead Global Biopsy Forceps Market
- In terms of region, the global biopsy forceps market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa
- North America dominated the global biopsy forceps market in 2020, owing to higher demand and consumption of biopsy forceps because of large number of surgical procedures performed each year in the U.S. and Canada
- Europe accounted for the second largest share of the global biopsy forceps market in 2020 due to high adoption rate of technologically advanced products, increase in product affordability in the region, and rise in expenditure on health care services
- The market in Asia Pacific is expected to expand at a higher CAGR during the forecast period. This is attributed to rise in prevalence of chronic diseases including cancer in the region, which is likely to present a large patient pool undergoing surgical procedures, leading to increase in consumption of biopsy forceps during the forecast period.
- The market in Middle East Africa and Latin America is projected to witness steady growth owing to improving health care infrastructure and sluggish economic growth during the forecast period
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Key Players Operating in Global Biopsy Forceps Market
The global biopsy forceps market is highly fragmented, and the degree of fragmentation is because of low entry barriers. This has led to intense competition, which induces manufacturers to focus on investing in emerging markets. Top players in the global biopsy forceps market strive to develop products, which are more effective and safe to meet the needs of surgeons and health care providers. Leading players operating in the global biopsy forceps market are:
- Olympus Corporation
- Boston Scientific Corporation
- Medi-Globe GmbH
- Scanlan International
- Medline Industries, Inc.
- Omnimed Ltd.
- Cook Medical
- Cardinal Health
- STERIS Corporation
- Medgyn Products, Inc.
- Micro-Tech Endoscopy
- Key Surgical GmbH
- Jiangsu Ate Medical Technology Co., Ltd.
- Other players
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