Report ID: SQMIG35D2254
Report ID:
SQMIG35D2254 |
Region:
Global |
Published Date: May, 2024
Pages:
219
|
Tables:
89 |
Figures:
105
Skin Biopsy Market size was valued at USD 31.9 Billion in 2023 and is poised to grow from USD 35.35 Billion in 2024 to USD 80.29 Billion by 2032, growing at a CAGR of 10.80% during the forecast period (2025-2032).
The growth of healthcare infrastructure in evolving markets, the occurrence of skin cancer around the world, and a growing demand for advanced healthcare services are projected to drive the skin biopsy market. Skin cancer cases demand skin biopsy procedures, which is a diagnostic tool. For instance, the number of cases of melanoma in the US is increasing which has led to a demand for skin biopsies. Also, a skin biopsy is used for identifying various other skin conditions like dermatitis and psoriasis which contribute to market growth. As the government is investing more in the healthcare industry and the medical tourism sector is growing, the healthcare industry in developing economies leading towards increasing the market. People are looking for less disturbing or invasive medical processes which is raising the demand for biopsies. Biopsies help in identifying cancer and other diseases by observing some tissue samples. These samples are then used by radiologists and diagnostic departments in hospitals and clinics. Different types of cancers are found which could be more than 100 types for which different types of biopsies are available. The growth of the population, disease awareness, unhealthy lifestyles of the people, cancer awareness programs, and spending on healthcare are some of the factors that are influencing the market. Despite that, technological advancements in instruments are also generating opportunities for companies in the skin biopsy market for the upcoming years.
However, there are some challenges faced by the market which include high procedural costs and lack of awareness about the new or advanced procedures in some of the areas which hinder market growth. The market is expected to grow in the future due to new technology and products.
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Report ID: SQMIG35D2254