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).
Report ID: Rn127727265 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Procedure
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global MRI Compatible Biopsy Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Incidence of Cancer
        2. Advancements in Imaging Technologies
        3. Rising Preference for Minimally Invasive Procedures
        4. Increasing Focus on Precision Medicine
        5. Expanding Geriatric Population
      2. Restraints
        1. High Cost of MRI-Compatible Biopsy Devices
        2. Technical Challenges and Complexity
        3. Limited Accessibility in Developing Regions
        4. Safety Concerns and Regulatory Compliance
        5. Alternative Diagnostic Modalities
      3. Opportunities
        1. Technological Advancements
        2. Emerging Markets
        3. Strategic Collaborations and Partnerships
        4. Focus on Patient-Centric Care
        5. Expansion of Indications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global MRI Compatible Biopsy Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Biopsy Needles
      2. Biopsy tables
      3. Biopsy Wires
      4. Biopsy Guns
    2. Global MRI Compatible Biopsy Devices Market, By Procedure, 2021 - 2031 (USD Million)
      1. Vacuum Assisted
      2. Core Needle
      3. Fine needle aspiration
      4. Surgical
    3. Global MRI Compatible Biopsy Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Diagnostic centers
      2. Hospitals
    4. Global MRI Compatible Biopsy Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Danaher Corporation
      2. Argon Medical Devices Inc
      3. Becton
      4. Dickinson and Company
      5. Sterylab S.R.L
      6. Scion Medical Technologies LLC
      7. Siemens AG
      8. Medtronic plc
  7. Analyst Views
  8. Future Outlook of the Market