How big is the skin biopsy market?
According to the report published by Allied Market Research, the global skin biopsy market was valued at $101.2 million in 2021, and is projected to reach $181.58 million by 2031, registering a CAGR of 6% from 2022 to 2031.
The growth of the skin biopsy market is expected to be driven by high potential in untapped, emerging markets, due to availability of improving healthcare infrastructure, increase in unmet healthcare needs, rise in prevalence of skin cancer cases, and surge in demand for advanced healthcare facilities. In addition, increase in prevalence of skin cancer cases is driving the growth of the market.
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Impact of Covid-19 on Skin Biopsy Market-
- The COVID-19 outbreak is had a negative impact on growth of the global skin biopsy market. A drop in the number of skin biopsies was observed starting in March 2020, due to the reductions in non-urgent medical visits which negatively impacted the market during the pandemic.
- The frequency of skin biopsy procedures also reduced as a result of variables such a reduction in disease early detection, public health regulations, and social isolation. Together with the shortage of transportation services for hospitals and clinics and a reduction in access to general and specialty healthcare, these factors hindered the market’s expansion during the pandemic. However, restoration of these services after pandemic is now prioritize, to ensure that patients receive the suitable care and facilities. Also, investment in manufacturing of skin biopsy devices has also increased after the pandemic, which is anticipated to drive the market in coming years.
skin biopsy market trends such as technological advances in the field of diagnosis are expected to drive the market during the forecast period. There has been a huge advancement in the healthcare sector, owing to an increase in research activities carried out by scientists and researchers in the field of diagnostics. Also, the key market players in the pharmaceutical and medical device industries are upgrading the existing skin biopsy product portfolio with some new innovations, which makes the diagnosis of skin conditions easier and more comfortable. Thus, propelling the growth of the skin biopsy market.
Regional Growth Dynamics:
North America held the major share in 2021, and garnered more than two-fifth of the global skin biopsy market revenue. Asia-Pacific, simultaneously, is anticipated to grow at a fastest CAGR from 2022 to 2031.
Competitive Landscape:
- AccuTec, Inc.
- Paramount Surgimed Limited
- World Precision Instruments
- Integra LifeSciences
- Becton
- Dickinson and Company
- KAI Group
- Vernacare
- Cardinal Health Inc.
- Jai Surgicals Ltd.
Table of Content:
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO Perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
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About Allied Market Research:
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