Global MRI Safe Biopsy Needle Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Fine needle biopsy, Core needle biopsy and Vacuum assisted biopsy.

By Applications;

Breast biopsy, Lung biopsy, Prostate biopsy, Liver biopsy, Thyroid biopsy and Others.

By End User;

Hospitals, Research and academic institutes, MRI safe biopsy clinics and Ambulatory surgery centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn689238513 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global MRI Safe Biopsy Needle Market (USD Million), 2021 - 2031

In the year 2024, the Global MRI Safe Biopsy Needle Market was valued at USD 198.36 million. The size of this market is expected to increase to USD 339.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.

The global MRI safe biopsy needle market is a rapidly evolving segment within the medical device industry, driven by the increasing need for accurate and safe diagnostic procedures. MRI safe biopsy needles are designed to be compatible with magnetic resonance imaging (MRI) environments, enabling precise tissue sampling for diagnostic purposes without the risk of interference from magnetic fields. This market is witnessing substantial growth due to the rising prevalence of cancer and other chronic diseases that necessitate frequent biopsies for diagnosis and treatment monitoring. Additionally, the growing elderly population, which is more susceptible to such diseases, is contributing to the demand for advanced diagnostic tools.

Technological advancements have played a significant role in enhancing the capabilities of MRI safe biopsy needles, making them more efficient and user-friendly. These innovations have improved the accuracy of biopsies, leading to better patient outcomes and increased adoption of these devices. Furthermore, the increasing healthcare expenditure in both developed and developing regions is fueling market growth, as more healthcare facilities invest in state-of-the-art diagnostic equipment.

The market is also benefiting from heightened patient awareness regarding the importance of early diagnosis and the availability of minimally invasive diagnostic procedures. This has led to a higher acceptance rate of MRI safe biopsy needles among patients, further driving market expansion. However, the market faces challenges such as high equipment costs, limited trained professionals, and stringent regulatory approvals, which can hinder growth to some extent.

Overall, the global MRI safe biopsy needle market is poised for significant growth in the coming years, supported by continuous technological advancements, increasing healthcare investments, and a rising emphasis on early and accurate disease diagnosis. The development of new and innovative products, along with strategic collaborations and partnerships, will further enhance market opportunities and drive future growth.

  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 Applications
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global MRI Safe Biopsy Needle Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements adoption
        2. Rising cancer prevalence
        3. Increasing healthcare expenditure
        4. Growing elderly population
        5. Enhanced diagnostic accuracy
      2. Restraints
        1. High equipment costs
        2. Limited trained professionals
        3. Complex regulatory approvals
        4. Reimbursement policy gaps
        5. Alternative diagnostic methods
      3. Opportunities
        1. Emerging market expansion
        2. Innovative product development
        3. Strategic partnerships growth
        4. Improved biopsy techniques
        5. Enhanced MRI technology
    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 Safe Biopsy Needle Market, By Product, 2021 - 2031 (USD Million)
      1. Fine needle biopsy
      2. Core needle biopsy
      3. Vacuum assisted biopsy
    2. Global MRI Safe Biopsy Needle Market, By Applications, 2021 - 2031 (USD Million)
      1. Breast biopsy
      2. Lung biopsy
      3. Prostate biopsy
      4. Liver biopsy
      5. Thyroid biopsy
      6. Others
    3. Global MRI Safe Biopsy Needle Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Research & academic institutes
      3. MRI safe biopsy clinics
      4. Ambulatory surgery centers
    4. Global MRI Safe Biopsy Needle 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. Olympus
      2. Hologic
      3. Argon Medical Devices
      4. Somatex Medical Technologies
      5. BD
      6. Sterylab
  7. Analyst Views
  8. Future Outlook of the Market