The fusion biopsy market is anticipated to observe steady growth during the forecast period of 2020-2030. The rising awareness about regular clinical checkups and the availability of good reimbursement policies among numerous regions around the world will invite promising growth for the fusion biopsy market.
The rising focus of the government bodies of numerous countries on upgrading the healthcare infrastructure will prove to be a profitable growth generator for the fusion biopsy market. Furthermore, rising investments in the fusion biopsy sector will also bring considerable growth opportunities.
On the basis of biopsy route, the fusion biopsy market can be segmented into transperineal and transrectal. Hospitals, diagnostic centers, and ambulatory care centers are vital end-users of fusion biopsy.
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Fusion biopsy is prominently used in prostate cancer diagnosis. According to the data from the American Cancer Society, prostate cancer is the most common cause of cancer in American men. As per the latest estimates for prostate cancer in the U.S. for 2021, about 248,530 new cases of prostate cancer were detected and nearly 34,130 deaths were reported due to prostate cancer.
Thus, these statistics highlight the growing concern about the prevalence of prostate cancer. Early and correct diagnosis of prostate cancer can help in overcoming it easily. Fusion biopsy is one of the prominent methods for prostate cancer detection. Based on these aspects, the demand for fusion biopsy is expected to rise between 2020 and 2030.
TMR Research has covered various aspects related to the growth of the fusion biopsy market in the report. The report mentions about numerous aspects that will lead the stakeholder to extensive success. Furthermore, the report reveals the threats and weaknesses of the fusion biopsy market to make the stakeholders and the CXOs aware so that they can plan their future business strategies accordingly. The COVID-19 impact has also been included in the report for more clarity on the current situation.
Fusion Biopsy Market: Competitive Insights
The fusion biopsy market is fragmented. Many players indulge in intense competition for acquiring a good consumer base. The players are involved in research and development activities. These activities are necessary for upgrading and introducing new features. Strategic collaborations also form an important part of the fusion biopsy market growth trajectory.
Some well-entrenched players in the fusion biopsy market are UC-Care Medical Systems Ltd., ESAOTE SPA, Focal Healthcare, MedCom, and GeoScan Medical.
Fusion Biopsy Market: Recent Developments
The fusion biopsy market is abuzz with developments. The developments are significantly related to research and development activities. A recent research found out that MRI transrectal ultrasound fusion biopsy’s (FBx) detection rates is extensively higher than ultrasound-guided systematic prostate biopsy (SBx). FBx has also shown the capability to detect lower rate of clinically insignificant prostate cancer. Such developments help find novel techniques and subsequently prove fruitful for the growth of the fusion biopsy market.
Fusion Biopsy Market: Regional Dimensions
North America’s fusion biopsy market is extrapolated to observe a dominant position during the forecast period of 2020-2030. A well-developed healthcare infrastructure in the countries across the region serves as a vital growth generator for the fusion biopsy market in North America. In addition, the growing incidence of prostate cancer, especially in the U.S. and the presence of well-established players accelerates the growth cycle.
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Asia Pacific is anticipated to emerge as the fastest growth-generating region for the fusion biopsy market. The increasing awareness about fusion biopsy will add value to the growth structure. Furthermore, the rising disposable income and the expanding geriatric population, especially in China and Japan will bring immense growth opportunities. Europe may also witness steady growth between 2020 and 2030.
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