Cancer Biopsy Market to Grow at an Impressive CAGR During the Forecast Period | TechSci Research

Research and development growth to drive the growth of Global Cancer Biopsy Market, in the forecast period, 2022-2026.

According to TechSci Research report, “Global Cancer Biopsy Market By Product (Instruments, Kits and Consumables, Services), By Type of Biopsy (Tissue Biopsies (Needle and Surgical Biopsies), Liquid Biopsies, Others), By Application (Breast Cancer, Colorectal Cancer, Lung Cancer, Prostate Cancer, Pancreatic Cancer, Ovarian Cancer, Others), By End User (Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centers), By Region, Competition Forecast & Opportunities, 2026”, the global cancer biopsy market is projected to show a robust growth in the forecast period from 2022 to 2026. The market growth can be attributed to the surge in the demand of early and efficient diagnostic of the various types of cancerous diseases that are prevailing, thus it is influencing the global cancer biopsy market, as biopsy is one of the diagnostic procedures for the cancerous cells. Moreover, technologically advanced medical devices are being developed that have been quite handful in the categorization of the cancer. Along with the diagnosis of the malignancy, these devices are also actively responsible in identifying the histology of the cancer as well as staging of the cancer thereby understanding the level of risk the patient is at. These advents are actively driving the growth of the global cancer biopsy market in the next five years until 2026.

Cancer is a chronic disorder that can be defined as the mass of unregulated cell growth that take place in a form of lump. They do not perform the set of functions they are expected to perform and rather multiply immaturely causing bumps and mass of cells that clutter at a single place. These clusters of cancerous cells may grow due to various reasons like, genetic abnormalities, environmental factors, virulent vectors or due to excessive exposure to various harmful radiations. Some chemical factors like poisonous chemical exposure may trigger the cancer causing genes and there by cause cancer. Cancer biopsy is a method of scoping and dissecting a piece of cancerous mass from the cancer affected area of the body and retrieving it for the further processes like diagnosis or research, etc. The recent trend has seen a shift in the method of biopsy, instead of tumor biopsy, experts are choosing liquid biopsy. Liquid biopsy is the sampling and analysis of non-solid biological tissue, preferably blood. This method is non-invasive and has provision of early diagnosis through screening and determines the risk of relapse of cancer after treatment. With the presence of biomarkers it can be beneficial in determining the best treatment plan as well as aids the research towards mechanism of resistance, disease progression, and identification of newer treatments.

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The global cancer biopsy market is segmented on the basis of product, type of biopsy, application, end user, competitive landscape, and regional distribution. Based on type of biopsy the market is further bifurcated into tissue biopsies, liquid biopsies, and others. Liquid biopsies are anticipated to hold the largest market share owing to the increased demand for non-invasive method of diagnosis and research sampling procedures. Liquid biopsies require kits and consumable that are products required for the cancer biopsies which is co-dependently driving the market growth in the forecast period, until 2026. Tissue biopsies are sub-categorized into needle and surgical biopsies. Tissue biopsies are also expected to hold significant share of the market owing to the need of surgical graft of the tissues that are solid or if the cancer cells are not available in the blood. In certain cases, like breast cancer experts have to perform a surgical biopsy to reach the endothermal cells, or sometime needle biopsy is used in throat cancer. Increasing instances of these cancers is driving the growth of the market towards and is expected to continue in the forecast period as well.

Needle biopsies are the most popular choice among the experts owing to the efficiency, shorter wait time for the results (with fine needle aspiration, FNA type needle biopsies). Although various techniques demand surgical incisions like staging splenectomy for Hodgkin’s lymphoma patients. To perform these procedures with 100% efficiency the experts require right biopsy type for the right patients, appropriate sample processing, and accurate pathological examination, which is driving the market growth in the next five years.

Some of the major competitors in the market are Qiagen N.V., Illumina, Inc., ANGLE Plc, Becton, Dickinson and Company, Myriad Genetics Inc., Hologic, Inc., Biocept, Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Lucence Diagnostics Pte. Ltd., GRAIL, Inc., Guardant Health Inc., Exact Sciences Corporation, Freenome Holdings, Inc., among others. Other strategies include forming partnerships among the market players and the research institutions, and technological advanced products and services launches in the forecast period.

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“Image guided biopsies, and related technological advancements are in trend in the market. Through a recent study, multi-parametric MRI was confirmed to minimize the false-negative results thereby enhancing the risk assessment. North American region is anticipated to hold the largest market share owing to the excellent healthcare industry that is well established along with the United States Food and Drug Administration approved procedures that increased value for the Clinical Laboratory Improvement Amendment (CLIA)‐developed tests,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Cancer Biopsy Market By Product (Instruments, Kits and Consumables, Services), By Type of Biopsy (Tissue Biopsies (Needle and Surgical Biopsies), Liquid Biopsies, Others), By Application (Breast Cancer, Colorectal Cancer, Lung Cancer, Prostate Cancer, Pancreatic Cancer, Ovarian Cancer, Others), By End User (Reference Laboratories, Hospitals and Physician Laboratories, Academic and Research Centers), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global cancer biopsy market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global cancer biopsy.

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Saudi Arabia Medical Devices Market to Grow at a Significant Rate through 2026 – TechSci Research

 Increasing prevalence of chronic diseases is expected to drive the demand for Saudi Arabia medical devices market in the forecast period.

According to TechSci Research report, “Saudi Arabia Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Opthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Company, By Region, Forecast & Opportunities, 2026”, Saudi Arabia medical devices market is expected to witness steady growth for the next five years. Access to healthcare facilities is considered as a basic right in Saudi Arabia which is a major reason for ever-increasing demand to avail healthcare facilities in Saudi Arabia. Government initiatives to provide reimbursements for availing healthcare facilities and use of medical devices for better results is influencing the growth of medical devices market in the region. Rising preference of consumers for adoption of self and home-based treatments is increasing at a rapid pace. Also, technological advancements in medical devices such as adoption of glucose monitoring devices, insulin delivery devices and oxygen concentrators have led to adoption of diagnosis and treatment from the comfort of homes. Advancements in medical devices such as ECG, pacemakers, and others in increasing the efficiency of the medical devices which is benefitting several patients in the long run. Emergence of 3D technology for treatment of orthopedic treatments is fostering the devices growth in Saudi Arabia. Launch of new products with better device performance is catalyzing the growth of medical devices market. Preference of consumers for adoption of biocompatible devices is boosting the market demand.

Due to the COVID-19 pandemic, lockdown was imposed all over the world in 2020, which led to shutdown of many manufacturing units. Disruption in supply chain was observed which created a gap in the whole medical devices manufacturing process. However, demand for ventilators increased worldwide including Saudi Arabia to treat the patients suffering from coronavirus disease, contributing to the growth of market even during the pandemic. Moreover, medical devices market is expected to pick up the pace and continue to growth in the forecast period.

However, data security threats due to adoption of electronic medical records facility by healthcare institutions may hamper the Saudi Arabia medical devices market growth in the forecast period.

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Saudi Arabia medical devices market is segmented into type, end user, region, and company. Based on type, market is further divided into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, orthopaedic devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others. Diagnostic imaging equipment is expected to register growth in the forecast period due to increasing prevalence of cancer and other chronic diseases. Early diagnosis of diseases results in procuring best treatment plans for efficient treatment with better results. Based on end user, medical devices market is fragmented into hospitals & clinics, diagnostic centers, and other. Hospitals & clinics segment is expected to dominate the medical devices market on account of growing old age population and increasing prevalence of diabetes and cardiovascular diseases. Saudi Vision 2030 and National Transformation Program for privatization of healthcare facilities and rising government expenditure to upgrade the healthcare sector is expected to augment the growth of medical devices market in Saudi Arabia in the forecast period.

GE Healthcare, Mindray Saudi Arabia, Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd, Hitachi Medical Systems Saudi Arabia, Shimadzu Middle East & Africa FZE, Hologic, Inc., Fujifilm-Middle East, Medtronic Saudi Arabia Co., Johnson & Johnson Medical Saudi Arabia Limited, Abbott Saudi Arabia Trading LLC, Becton, Dickinson and Company Saudi Arabia, Baxter Company Limited, Canon Medical Middle East, Roche Diagnostics Saudi Arabia Limited are the leading players operating in Saudi Arabia medical devices market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several medical devices manufacturers are coming up with their technologically advanced offerings.

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“Saudi Arabia medical devices market is projected to grow at formidable rate in the next five years on account of growing geriatric population in the country, technological advancements and increased focus of government on healthcare sector by launch of vision 2030 and national transformation program (NTP). Increased private and public sector investment in healthcare and plan of Ministry of Health (MoH) to construct 35 hospitals is expected to positively influence the medical devices market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Opthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia medical devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia medical devices market.

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IoT Integration Market to Grow at an Impressive Rate through 2026 | TechSci Research

Rising preference for wireless technologies and digitalization is expected to drive the demand for global IoT integration market in the forecast period.

According to TechSci Research report, “Global IoT Integration Market By Service (Device and Platform Management Services, Application Management Services, Advisory Services, System Design and Architecture and others), By Application (Smart Building and Home Automation, Smart Healthcare, Energy and Utilities, Industrial Manufacturing and Automation, Smart Retail, Smart Transportation, Logistics, and Telematics), By Organization (SMEs, Large Enterprises) By Company, By Region, Forecast & Opportunities, 2026”, global IoT integration market is expected to witness significant growth for the next five years owing to rise in demand for automated products in residential as well as commercial spaces for convenience, security and customer satisfaction. Rise in disposable income among middle class families is creating new avenues for the global IoT integration market growth. Computational power of IoT aids in doing multiple functions at a fast pace. An integrated platform at workplace gives access to employee’s web activities and aids in monitoring data for unwanted authorization. Enhanced visibility and better control over workplace are the major drivers for the global IoT integration market.

However, privacy concerns and data security may create hindrance in the global IoT integration market growth.

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Global IoT integration market is segmented into service, application, organization, region, and company. Based on service, market is segmented into device and platform management services, application management services, advisory services and system design and architecture. Device and platform management services is expected to dominate the market for the forecast period due to their ability to improve performance of the business operations and reduce overall operational and maintenance expenses. These services aids in remote monitoring and management of smart devices. Also, it provides support facilities with integration of internet of things services. Device and platform management assists in connected smart devices management, in addition with tracking and providing security. On organization analysis, market is bifurcated into SMEs and large enterprises. SMEs are anticipated to hold major market share throughout the forecast period, 2022-2026. Flexibility to adopt emerging technology, quick customer response and need to automate business are the most promising factors for the market growth. IoT integration helps in SMEs business growth by providing centralised monitoring console, monitoring system and reliable security to cut down the additional costs.

Fujitsu Ltd, Tech Mahindra Limited, HCL Technologies, DXC Technology Company, NTT Data Corporation, MuleSoft, Inc., Tibbo Technology Inc., Timesys Corporation, Accenture, Inc., Tata Consultancy Services Ltd are the leading players operating in global IoT integration market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several IoT integration manufacturers are coming up with their technologically advanced offerings.

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“Digitalization across the globe in addition with government initiatives for improved connectivity and better consumer service is expected to accelerate the global IoT integration market growth. Use of IoT in smart cities is predicted to be significant factor for growth of global IoT integration market. Increasing application of IoT integration in plethora of end-user industries including healthcare, manufacturing sector, energy sector among others is influencing the global IoT integration market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global IoT Integration Market By Service (Device and Platform Management Services, Application Management Services, Advisory Services, System Design and Architecture and others), By Application (Smart Building and Home Automation, Smart Healthcare, Energy and Utilities, Industrial Manufacturing and Automation, Smart Retail, Smart Transportation, Logistics, and Telematics), By Organization (SMEs, Large Enterprises) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global IoT integration market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global IoT integration market.

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