Global MRI Compatible Biopsy Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Biopsy Needles, Biopsy tables, Biopsy Wires and Biopsy Guns.By Procedure;
Vacuum Assisted, Core Needle, Fine needle aspiration and Surgical.By End User;
Diagnostic centers and Hospitals.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global MRI Compatible Biopsy Devices Market (USD Million), 2021 - 2031
In the year 2024, the Global MRI Compatible Biopsy Devices Market was valued at USD 261.00 million. The size of this market is expected to increase to USD 477.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.0%.
Biopsy devices represent indispensable medical instruments employed for the extraction of tissue samples from the human body, pivotal in diagnosing an array of ailments ranging from cancer and infections to inflammatory diseases. These devices exhibit versatility in their capability to obtain tissue samples from diverse anatomical locations, encompassing the skin, breasts, lungs, liver, kidneys, and beyond. Their significance in healthcare is profound, facilitating accurate diagnosis and continual monitoring of various medical conditions, thereby guiding treatment decisions and patient management strategies.
Continual advancements in biopsy device technology are driving improvements in accuracy, safety, and procedural convenience, thereby revolutionizing the diagnostic landscape. By refining precision in tissue sampling, ensuring procedural safety, and enhancing overall patient experience, these innovative biopsy devices are heralding a new era in medical diagnostics. As a result, patients worldwide are benefiting from more accurate diagnoses, timely interventions, and improved prognoses, underscoring the indispensable role of biopsy devices in modern healthcare practice.
Global MRI Compatible Biopsy Devices Market Recent Developments
- May 2023: Argon Medical Devices, Inc. launched the SuperCore Advantage Semi-Automatic Biopsy instrument, expanding its soft tissue biopsy product portfolio in the U.S.
- May 2022: Terumo India formed a partnership with Argon Medical, enhancing its presence in the Indian market by offering comprehensive medical solutions, including advanced tools for biopsies and deep vein thrombosis treatments.
- April 2023: GE Healthcare introduced the bkActiv system, an ultrasound imaging system designed for surgical applications, empowering surgeons to make informed decisions during procedures.
- January 2023: GE Healthcare completed the acquisition of IMACTIS, a France-based company known for its computerized tomography (CT) navigation product. This strategic move emphasized the potential of IMACTIS' CT navigation technology, approved for use in both Europe and the U.S., enhancing safety measures in medical imaging.
Segment Analysis
The global MRI compatible biopsy devices market presents a diverse landscape across product types, procedures, end users, and geographical regions. Product-wise, the market encompasses a range of specialized equipment including biopsy needles, tables, wires, and guns, each designed to enable precise tissue sampling within MRI environments. These products cater to the diverse needs of healthcare professionals, offering advanced solutions for obtaining tissue samples across various anatomical sites and biopsy techniques. Procedures such as vacuum-assisted biopsy, core needle biopsy, fine needle aspiration, and surgical biopsy further underscore the versatility of MRI-compatible biopsy devices, providing clinicians with a range of options to suit different clinical scenarios and patient needs. Whether performing minimally invasive core needle biopsies or excisional surgical procedures, healthcare providers rely on MRI-compatible biopsy devices to facilitate accurate diagnosis and treatment planning.
In terms of end users, diagnostic centers and hospitals emerge as key stakeholders driving market demand. Diagnostic centers equipped with MRI scanners play a vital role in performing MRI-guided biopsy procedures, offering specialized services for precise tissue sampling and diagnosis. Meanwhile, hospitals, serving as primary healthcare providers, leverage MRI-compatible biopsy devices to deliver comprehensive diagnostic and treatment services across diverse clinical settings. Geographically, the market spans North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each region characterized by unique market dynamics, healthcare infrastructure, and regulatory landscapes. The segmentation of the global MRI compatible biopsy devices market underscores the importance of tailored strategies to address regional and segment-specific needs, ensuring effective market penetration and growth across diverse geographical and end-user contexts.
Global MRI Compatible Biopsy Devices Segment Analysis
In this report, the Global MRI Compatible Biopsy Devices Market has been segmented by Product, Procedure, End User and Geography.
Global MRI Compatible Biopsy Devices Market, Segmentation by Product
The Global MRI Compatible Biopsy Devices Market has been segmented by Product into Biopsy Needles, Biopsy tables, Biopsy Wires and Biopsy Guns.
Segmentation of the global MRI compatible biopsy devices market by product reveals a range of specialized equipment designed to facilitate precise and efficient tissue sampling within the MRI environment. Biopsy needles represent a fundamental component of MRI-compatible biopsy devices, offering various designs tailored to different anatomical sites and biopsy techniques. These needles are engineered to be compatible with MRI imaging, ensuring accurate positioning and guidance during tissue sampling procedures. With advancements in needle technology, such as the development of coaxial systems and adjustable penetration depths, biopsy needles enable clinicians to obtain high-quality tissue specimens while minimizing patient discomfort and procedure duration.
Biopsy tables constitute another essential product segment in the global market, providing a stable and adjustable platform for patients undergoing MRI-guided biopsy procedures. These tables are designed to accommodate MRI scanners and specialized biopsy equipment, allowing for precise patient positioning and access to target areas for tissue sampling. Biopsy tables feature ergonomic designs that prioritize patient comfort and safety while facilitating seamless integration with MRI systems. Furthermore, the availability of advanced features such as motorized adjustments and compatibility with imaging accessories enhances the efficiency and accuracy of MRI-guided biopsy procedures. As demand for minimally invasive diagnostic techniques continues to rise, biopsy tables play a crucial role in enabling healthcare providers to perform safe and effective MRI-compatible biopsies across diverse clinical settings.
Global MRI Compatible Biopsy Devices Market, Segmentation by Procedure
The Global MRI Compatible Biopsy Devices Market has been segmented by Procedure into Vacuum Assisted, Core Needle, Fine needle aspiration and Surgical.
Segmentation of the global MRI compatible biopsy devices market by procedure highlights the diverse approaches used in obtaining tissue samples for diagnostic purposes. Vacuum-assisted biopsy stands out as a prominent technique, characterized by its efficiency and precision in extracting tissue samples from target areas identified through MRI imaging. This method utilizes suction to collect tissue samples, allowing for larger specimens to be obtained compared to traditional biopsy methods. Vacuum-assisted biopsy is particularly favored for breast biopsies due to its ability to retrieve multiple samples from different areas within the breast, thereby improving diagnostic accuracy. The growing emphasis on early detection of breast cancer and the increasing adoption of MRI technology for breast imaging contribute to the significant demand for vacuum-assisted biopsy devices in the market.
Core needle biopsy represents another important segment in the global MRI compatible biopsy devices market, offering a minimally invasive approach for tissue sampling across various anatomical sites. This technique involves the use of a hollow needle to extract cylindrical tissue cores, providing clinicians with sufficient material for histological analysis. Core needle biopsy is widely utilized for diagnosing conditions such as prostate cancer, liver lesions, and soft tissue tumors. With advancements in imaging technology enhancing the accuracy of target localization, core needle biopsy has become a preferred choice for obtaining tissue samples under MRI guidance. Furthermore, the growing preference for less invasive diagnostic procedures and the ability of core needle biopsy to yield reliable results contribute to its sustained demand in the global market.
Global MRI Compatible Biopsy Devices Market, Segmentation by End User
The Global MRI Compatible Biopsy Devices Market has been segmented by End User into Diagnostic centers and Hospitals.
The segmentation of the global MRI compatible biopsy devices market by end user reveals a diversified landscape primarily occupied by diagnostic centers and hospitals. Diagnostic centers play a crucial role in the market, offering specialized services for the diagnosis and treatment of various medical conditions. These centers are equipped with advanced imaging technologies, including MRI machines, making them an ideal setting for performing biopsies with MRI compatible devices. The growing number of diagnostic centers worldwide, particularly in urban areas, contributes significantly to the demand for MRI compatible biopsy devices. Moreover, the increasing preference for outpatient procedures and the convenience offered by diagnostic centers further boost their prominence in the market.
Hospitals represent another major segment in the global MRI compatible biopsy devices market. As primary healthcare providers, hospitals cater to a wide range of medical needs, including diagnostic procedures such as biopsies. With the integration of MRI technology into their facilities, hospitals can offer comprehensive diagnostic and treatment services to patients. The presence of skilled healthcare professionals and the availability of advanced medical equipment in hospitals make them a preferred choice for performing biopsies using MRI compatible devices. Additionally, hospitals often handle complex cases requiring multidisciplinary care, making them essential contributors to the overall demand for MRI compatible biopsy devices. Overall, the segmentation by end user underscores the critical role played by both diagnostic centers and hospitals in driving the growth of the global MRI compatible biopsy devices market.
Global MRI Compatible Biopsy Devices Market, Segmentation by Geography
In this report, the Global MRI Compatible Biopsy Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global MRI Compatible Biopsy Devices Market Share (%), by Geographical Region, 2024
The global MRI compatible biopsy devices market is witnessing significant growth across various geographical regions, with North America leading the market share. In North America, the increasing prevalence of cancer, coupled with advancements in healthcare infrastructure, contributes to the high demand for MRI compatible biopsy devices. Additionally, the presence of key market players and extensive research and development activities further propel market growth in this region. Europe follows closely behind, characterized by robust healthcare systems and growing awareness regarding early disease diagnosis. The adoption of advanced medical technologies and government initiatives aimed at improving healthcare services contribute to the substantial market share of MRI compatible biopsy devices in Europe.
Moving to the Asia Pacific region, rapid urbanization, increasing healthcare expenditure, and a rising geriatric population are driving the demand for MRI compatible biopsy devices. Countries like China, Japan, and India are witnessing significant market growth owing to improving healthcare infrastructure and a growing focus on preventive healthcare measures. In the Middle East and Africa, the market for MRI compatible biopsy devices is steadily growing, supported by increased healthcare investments and a rising prevalence of chronic diseases. Lastly, Latin America exhibits promising growth prospects, driven by expanding healthcare infrastructure and a growing emphasis on early disease detection. Overall, the global MRI compatible biopsy devices market showcases dynamic growth across diverse geographical regions, fueled by advancements in medical technology and a growing focus on improving healthcare outcomes.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global MRI Compatible Biopsy Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
- Growing Incidence of Cancer
- Advancements in Imaging Technologies
- Rising Preference for Minimally Invasive Procedures
- Increasing Focus on Precision Medicine
- Expanding Geriatric Population-
The expanding geriatric population represents a significant demographic trend with profound implications for healthcare systems worldwide. As individuals age, they become more susceptible to various cancers and other diseases, including those affecting the gastrointestinal tract, liver, prostate, breast, and brain. Given the complexity and heterogeneity of geriatric patients' health profiles, accurate diagnosis and treatment planning are paramount. In this context, diagnostic procedures such as MRI-guided biopsies play a crucial role in detecting and characterizing suspicious lesions, guiding treatment decisions, and monitoring disease progression. The increasing prevalence of age-related conditions among the elderly population underscores the growing demand for advanced diagnostic tools capable of providing accurate and timely assessments of their health status.
Moreover, as the elderly population continues to expand globally, driven by factors such as increased life expectancy and declining birth rates, the demand for healthcare services, including diagnostic imaging procedures, is expected to rise correspondingly. MRI-guided biopsies offer distinct advantages in this demographic group, providing non-invasive and precise tissue sampling techniques that minimize patient discomfort and risk, particularly in frail or medically complex individuals. Healthcare providers are likely to increasingly rely on MRI-guided biopsies to address the diagnostic challenges associated with aging-related conditions, thereby driving market growth for MRI-compatible biopsy devices. In conclusion, the expanding geriatric population represents a significant driver for the growth of the MRI-compatible biopsy devices market, as the demand for accurate and minimally invasive diagnostic procedures continues to escalate in tandem with the aging demographic trend.
- High Cost of MRI-Compatible Biopsy Devices
- Technical Challenges and Complexity
- Limited Accessibility in Developing Regions
- Safety Concerns and Regulatory Compliance
- Alternative Diagnostic Modalities-
The availability of alternative diagnostic modalities presents both challenges and opportunities for the adoption of MRI-compatible biopsy devices. While MRI-guided biopsies offer distinct advantages in terms of superior soft tissue contrast and multiplanar imaging capabilities, other imaging modalities such as CT-guided biopsies and ultrasound-guided biopsies remain widely utilized, particularly in settings where MRI resources may be limited or inaccessible. CT-guided biopsies, for example, leverage the high-resolution imaging capabilities of computed tomography to precisely target lesions and obtain tissue samples, making them a preferred option in many clinical scenarios. Similarly, ultrasound-guided biopsies offer real-time visualization of anatomical structures and lesions, facilitating accurate needle placement and reducing procedure times. In settings where access to MRI technology is limited or where patients may have contraindications to MRI, such as those with pacemakers or metallic implants, alternative diagnostic modalities provide valuable alternatives for tissue sampling and diagnosis.
However, despite the availability of alternative diagnostic modalities, MRI-compatible biopsy devices continue to play a vital role in specific clinical contexts where MRI offers unique advantages, such as superior soft tissue contrast and multiplanar imaging capabilities. In cases where precise visualization of soft tissue structures or lesions is paramount, MRI-guided biopsies may offer distinct advantages over alternative modalities. Additionally, advancements in MRI technology, including the development of faster imaging sequences and higher field strengths, have improved the efficiency and accuracy of MRI-guided biopsy procedures, further enhancing their utility in clinical practice. As such, while alternative diagnostic modalities may compete with MRI-compatible biopsy devices in certain settings, the unique capabilities and evolving technological advancements of MRI continue to position it as a valuable tool for tissue sampling and diagnostic imaging in various medical specialties.
- Technological Advancements
- Emerging Markets
- Strategic Collaborations and Partnerships
- Focus on Patient-Centric Care
- Expansion of Indications-
The expansion of indications for MRI-guided biopsies beyond oncology into fields such as neurology and cardiology signifies a significant paradigm shift in medical imaging and diagnostic practices. Historically, MRI-guided biopsies have primarily been associated with oncology, where they play a critical role in the diagnosis and staging of various malignancies. However, advancements in MRI technology, coupled with growing expertise in interventional radiology, have enabled the application of MRI-guided biopsy techniques to a wider spectrum of medical specialties. In neurology, for example, MRI-guided biopsies offer a minimally invasive approach for obtaining tissue samples from deep-seated brain lesions, facilitating accurate diagnosis and treatment planning for conditions such as brain tumors, neurodegenerative diseases, and inflammatory disorders. Similarly, in cardiology, MRI-guided biopsies can provide valuable insights into myocardial tissue characteristics, helping to diagnose and manage conditions such as cardiomyopathies, myocarditis, and cardiac tumors.
As MRI technology continues to evolve and diversify, driven by advancements in imaging hardware, software, and imaging protocols, the potential applications for MRI-guided biopsy devices are expected to expand further. The versatility and precision offered by MRI-guided biopsies make them well-suited for a broad range of diagnostic and interventional procedures across various medical specialties. Furthermore, the integration of advanced imaging techniques, such as functional MRI and spectroscopy, with MRI-guided biopsy procedures holds promise for enhancing diagnostic accuracy and therapeutic outcomes in diverse clinical scenarios. With ongoing research and development efforts focused on optimizing MRI-guided biopsy techniques and expanding their utility beyond oncology, the market for MRI-compatible biopsy devices is poised for significant growth as these technologies become increasingly integrated into routine clinical practice across multiple medical disciplines.
Competitive Landscape Analysis
Key players in Global MRI Compatible Biopsy Devices Market include,
- Danaher Corporation
- Argon Medical Devices Inc
- Becton
- Dickinson & Company
- Sterylab S.R.L
- Scion Medical Technologies LLC
- Siemens AG
- Medtronic plc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Procedure
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global MRI Compatible Biopsy Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Incidence of Cancer
- Advancements in Imaging Technologies
- Rising Preference for Minimally Invasive Procedures
- Increasing Focus on Precision Medicine
- Expanding Geriatric Population
- Restraints
- High Cost of MRI-Compatible Biopsy Devices
- Technical Challenges and Complexity
- Limited Accessibility in Developing Regions
- Safety Concerns and Regulatory Compliance
- Alternative Diagnostic Modalities
- Opportunities
- Technological Advancements
- Emerging Markets
- Strategic Collaborations and Partnerships
- Focus on Patient-Centric Care
- Expansion of Indications
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global MRI Compatible Biopsy Devices Market, By Product, 2021 - 2031 (USD Million)
- Biopsy Needles
- Biopsy tables
- Biopsy Wires
- Biopsy Guns
- Global MRI Compatible Biopsy Devices Market, By Procedure, 2021 - 2031 (USD Million)
- Vacuum Assisted
- Core Needle
- Fine needle aspiration
- Surgical
- Global MRI Compatible Biopsy Devices Market, By End User, 2021 - 2031 (USD Million)
- Diagnostic centers
- Hospitals
- Global MRI Compatible Biopsy Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global MRI Compatible Biopsy Devices Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Danaher Corporation
- Argon Medical Devices Inc
- Becton
- Dickinson and Company
- Sterylab S.R.L
- Scion Medical Technologies LLC
- Siemens AG
- Medtronic plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market