Skin Biopsy Market Driven By The Rising Expenditure On Healthcare | Size, Share, Trends, Opportunities, Growth Factors, Key Players by 2023

September 21 09:04 2019
Skin Biopsy Market Driven By The Rising Expenditure On Healthcare | Size, Share, Trends, Opportunities, Growth Factors, Key Players by 2023

Skin Biopsy Market
“Global Skin Biopsy Market” Report of Market Research Future (MRFR)’s Explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Major Drivers, Restraints, Opportunities and Challenges.

According to the market research future (MRFR), the global skin biopsy market is expected to record a significant market valuation at a CAGR of 9.4% over the review period.

The global market for skin biopsy is expected to grow owing to influential factors such as the rising prevalence of skin cancer, and other skin diseases such as psoriasis, dermatitis, viral skin infections. Additionally, the increasing demand for minimally invasive medical procedures is expected to fuel the demand for skin biopsy over the evaluation period. The growing expenditure for the advancement of medical devices and instruments is also likely to create a surge in market growth. On the other hand, the higher treatment cost of skin diseases is projected to hinder the growth of the global skin biopsy market over the forecast period.

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Segmental Analysis

The global skin biopsy market has been segmented based on type, devices, indication, and end-user.

Based on type, the skin biopsy market is segmented into excisional biopsy, incisional biopsy, punch biopsy, and shave biopsy.

Based on devices, the skin biopsy market has bee segmented into biopsy curettes and punches, biopsy forceps, biopsy needles, biopsy guns, guidance systems.

Based on indication, the market for skin biopsy has been segmented into actinic keratosis, cancer, dermatitis, psoriasis, skin infection, and others. The skin infection segment is sub-segmented into basal cell carcinoma, deep fungal infections, melanoma, squamous cell carcinoma, and viral infections.

Based on end-user, the market for skin biopsy has been segmented into dermatology clinics, hospitals, and others.

Regional Analysis

Based on the region, the global skin biopsy market has been segmented into the Americas, Europe, Asia Pacific, the middle east, and Africa.

The Americas are accounted for the leading market share of the global skin biopsy market and are expected to retain the dominant share over the review period. This can be attributed to the increasing prevalence of skin diseases and cancer, especially in the U.S. and Canada, and the presence of key market players in the region.

Europe is the second largest region in the global skin biopsy market, owing to the rising prevalence of dermatitis and fungal infections. Additionally, the growing demand for technological advancements in diagnostic services is expected to increase the expenditure towards research and development in the region, which consequently is expected to fuel the market growth over the assessment period.

The Asia Pacific (APAC) has been assessed as the fastest growing region in the global skin biopsy market over the evaluation period. The market in APAC is driven by the increasing geriatric population, growing prevalence of skin diseases such as cancer and infections, and a growing number of biopsies performed in hospitals. The rising healthcare expenditure in economically developing countries such as India and China is also expected to fuel the market over the review period. The demand for technologically advanced medical devices and diagnostic services is also likely to contribute significantly to the skin biopsy market in the region.

The Middle East and Africa region are accounted for the smallest market share over the review period, owing to the poor healthcare infrastructure, lack of expenditure, and technological advancements in certain parts of Africa. The developing countries of the middle east such as Saudi Arabia, United Arab Emirates, Kuwait, turkey, among others are expected to contribute to the majority of the market share in the skin biopsy market in the region over the forecast period.

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Key Players

the key players in the global skin biopsy market are BD (U.S.), Boston Scientific Corporation (U.S.), Cardinal Health (U.S.), COOK Medical (U.S.), Devicor Medical Products, Inc. DTR Medical Ltd (U.K), Gallini Srl (Italy), Hologic, Inc. (U.S.), and Leica Biosystems. (U.S.).

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