Cold Disposable Biopsy Forceps Market Reaching US$ 1.40 Billion by the Year 2033 at a CAGR of 8.2% in the Forecast Period 2023 to 2033

Published Via 11Press : The global cold disposable biopsy forceps market is worth US$ 634.6 Million as of now and is expected to reach ~US$ 1.40 Billion by the year 2033 at a CAGR of 8.2% between 2023 and 2033.

With the growing demand for minimally invasive surgical and diagnostic endoscopic procedures in the wake of growing incidences of bronchitis and gastrointestinal problems, the global cold disposable biopsy forceps market is likely to witness persistence in the forecast period.

As of now, direct tissue sample inspection is looked upon as the most reliable and vital diagnostic procedure in gastrointestinal endoscopy in spite of the speedy growth of the diagnostic techniques that are brought about through new instruments being developed. Proper tissue diagnosis does depend on the endoscopy biopsy sample’s characteristics.

The manufacturers are also making investments in the medical devices market due to conducive reimbursement rates and increases in healthcare costs. As an outcome, disposable biopsy forceps vertical would be growing at a good pace in the near future.

Get an overview of market drivers and challenges affecting this industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-14240

The key players are into the adoption of inorganic modes of growth for staying afloat. On these grounds, Boston Scientific Corporation, since its acquisition of NxThera in April 2018, has created an MIT (minimally invasive therapy) for men suffering from symptomatic benign prostatic hyperplasia (BPH). It is termed as ‘Rezm system’. Post this acquisition, NxThera has joined Boston Scientific’s pelvic health and urology division.

In spite of the fact that cold disposable biopsy forceps are into technological advancements, there are alternatives available for endoscopic procedures. For instance – hot biopsy forceps, as compared to cold biopsy techniques, are reported to result in less bleeding in the procedures. This could be one of the factors restraining the cold disposable biopsy forceps market going forward.

Another factor acting as a barrier to cold disposable biopsy forceps market could be the malfunctioning of these forceps. For instance – Boston Scientific Corporation’s cold disposable biopsy forceps had pull-wire disconnected with jaws not being able to open post 5^th or 6^th time.

Future Market Insights has entailed these facets with future prospects in its latest market study entitled ‘Cold Disposable Biopsy Forceps Market’. Its team of analysts and consultants is there to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“Oval cups are expected to take the cold disposable biopsy market by storm in the forecast period”, says an analyst from Future Market Insights, Inc.

Cold Disposable Biopsy Forceps Market

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Key Takeaways from Cold Disposable Biopsy Forceps Market

North America holds the largest market share with the US being home to sizable geriatric population. The US Census Bureau has predicted that by the year 2050, 83.7 Million people would fall in the age group of 65 and above.
Europe is expected to grow on the back of Germany; which is home to 30% of common cancer cases worldwide. The WHO says that the year 2020 witnessed ~57K people in Germany contracting colorectal cancer.
The Asia-Pacific is expected to grow at a quick rate in the cold disposable biopsy forceps market with Japan being the pioneer with respect to laparoscopic cholecystectomy.

Competitive Forceps

Olympus Corporation, in January 2021, decided to buy Quest Photonic Devices B.V. with the objective of expanding surgical endoscopic capabilities.
STERIS Plc, in June 2021, did complete acquisition of Cantel Medical (announced earlier).
The other players in cold disposable biopsy forceps market include CONMED Corporation, Boston Scientific Corporation, Cook Medical, Micro-Tech Endoscopy, Anrei Medical, and likewise.

Key Companies Profiled

Olympus Corporation
Boston Scientific Corporation
STERIS
CONMED Corporation
Cook Medical
Micro-Tech Endoscopy
Anrei Medical

What does the Report state?

The research study is based on product (oval cup, oval cup with needle, alligator jaw, and alligator jaw with needle), by diameter (1.2 mm, 1.8 mm, 2.0 mm, 2.4 mm, 2.8 mm, 3.7 mm, and 4.0 mm), by length (1150 mm, 1550 mm, and 2300 mm), by application (enteroscopy, upper GI endoscopy, lower GI endoscopy, bronchoscopy, and likewise), and by end-user (hospitals, ASCs (Ambulatory Surgical Centers), specialty clinics, diagnostic laboratories, and cancer research institutes).
With progress in endoscopic processing technology, the global cold disposable biopsy forceps market is expected to grow on a good note in the forecast period.

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Key Market Segments Covered in Cold Disposable Biopsy Forceps Industry Research

By Product:

Oval Cup
Oval Cup with Needle
Alligator Jaw
Alligator Jaw with Needle

By Diameter:

1.2mm
1.8mm
2.0mm
2.4mm
2.8mm
3.7mm
4.0mm

By Length:

1150mm
1550mm
2300mm

By Application:

Enteroscopy
Upper GI Endoscopy
Lower GI Endoscopy
Bronchoscopy
Others

By End User:

Hospitals
Ambulatory Surgical Centres
Specialty Clinics
Diagnostic Laboratories
Cancer Research Institutes

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

Have a Look at Related Reports of the Healthcare Domain

Liquid Biopsy Market Share: A liquid biopsy is a non-invasive procedure to surgical biopsies which helps to discover a tumor through a simple blood sample.

Biopsy Device Market Size: A huge increase in the need for minimally invasive biopsy techniques in the industry encourages the demand for biopsy devices.

Cancer Diagnostics Market Demand: Considering this increasing growth and demand in the global market, the cancer diagnostics market is expected to reach US$ 379 Billion by 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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Cold Disposable Biopsy Forceps Market Reaching US$ 1.40 Billion by the Year 2033 at a CAGR of 8.2% in the Forecast Period 2023 to 2033 | Report by Future Market Insights, Inc.