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/EIN News/ -- United States, Rockville MD, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Worldwide sales of biopsy forceps are predicted to increase at a CAGR of 4% and reach a market valuation of US$ 317.3 million by 2027, says Fact.MR, a market research and competitive intelligence provider.

Biopsy forceps are a sort of medical surgical tool with or without a needle. Surgeons and other medical professionals use biopsy forceps to hold items and collect samples, specifically tissues, for disease testing and diagnosis. Biopsy forceps are available in various shapes depending on their use. Forceps made from durable stainless steel are not only re-sterilizable but also antibacterial and anti-corrosive.

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One of the key factors anticipated to accelerate the demand for biopsy forceps is the rise in the prevalence of chronic diseases such as cancer and intestinal infections across the world. Advancements in non-invasive technologies to detect tumour-specific aberrations are expected to increase the demand for biopsy forceps, leading to steady market growth over the coming years. Government initiatives for better regulatory measures and investments in R&D and healthcare are also anticipated to augment market expansion.

Which Regions Account for High Sales of Biopsy Forceps?

“North America & Europe Lead Market Share Due to Availability of Technologically-Advanced Biopsy Forceps & High Number of Surgical Procedures”

Due to the increasing demand and consumption of biopsy forceps, as a result of several surgical procedures carried out annually in the United States and Canada, North America is predicted to dominate the worldwide biopsy forceps market.

Due to the region's high acceptance rate for technologically advanced products, rising product affordability, and high spending on healthcare services, Europe is anticipated to occupy the second-largest share of the worldwide biopsy forceps market.

During the projected period, the market for biopsy forceps in the Asia Pacific is predicted to expand more rapidly than in other regions. This is due to an increase in the incidence of chronic diseases, such as cancer, in the region, which would likely result in a large patient population undergoing surgical operations and an increase in the use of biopsy forceps.

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Key Segments Covered in the Biopsy Forceps Industry Survey

Major companies in the biopsy forceps market are focusing on incorporating sophisticated technologies for the advancement of biopsy forceps to increase their market revenue share.

The market presence of some companies is being strengthened by strategies implemented for footprint growth, new product introductions, and product approvals.

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Key players in the Biopsy Forceps Market

Key Takeaways from Biopsy Forceps Market Study

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