Market Overview:
Global Breast Imaging Technologies Market size was valued at USD 4.33 billion in 2022 and is poised to grow from USD 4.7 billion in 2023 to USD 9 billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031). The Breast Imaging Technologies Market is poised for considerable growth, propelled by several key drivers, such as rising cases of neurological disorders, continuous technological innovation, and an increasing need for minimally invasive procedures, are expected to take the Breast Imaging Technologies Market to considerable heights.
Other factors contributing to this can be attributed to the large and rapidly growing patient population suffering from such targeted diseases in key markets, resulting in a significant rise in demand for Veterinary Needles. One of the major factors acting as a potential catalyst to drive the market growth over the forecast period is a high prevalence of acute ischemic stroke.
Market Insights:
Breast Imaging Technologies Market Driver
- The key factor that drives the industry growth includes the rising prevalence of breast cancer among women and increased demand for the early diagnosis and treatment of breast cancer. For instance, according to Breastcancer.org, approximately 281,550 new invasive breast cancer cases were detected in women in the United States in 2021. Furthermore, according to the same source, 1 in every 8 US women develops invasive breast cancer during her lifetime. Hence, an increase in the prevalence of breast cancer is likely to encourage the adoption of breast imaging technologies for the early diagnosis and treatment of breast cancer.
- Another major aspect that drives the industry growth includes increasing approval for breast imaging technologies developed by the companies. For instance, in April 2021, Seno Medical’s Imagio P200003 breast imaging system, which is used to examine breast tissue, has been authorized by the US Food and Drug Administration (FDA). It aids in the diagnosis of breast lesions by physicians. Such approvals by the government organizations such as US FDA and others are likely to accelerate the overall growth of the market in the upcoming years.
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Key Market Segments:
Type of Imaging Technique
Mammography, Breast Ultrasound, Breast MRI, Image-Guided Breast Biopsy, Position Emission Tomography (PET), Other Imaging Techniques
End-User
Hospitals, Diagnostic Centers, Others
Type of Imaging Technique
Ionizing Breast Imaging (Mammography {Full-field digital mammography, 3D breast tomosynthesis, analog mammography}, Positron Emission Tomography-computed tomography, positron emission mammography, molecular breast imaging, cone-beam computed tomography) and Non-ionizing breast imaging (breast ultrasound, breast MRI, breast thermography, automated whole-breast ultrasound, electric impedance tomography, and optical imaging)
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Regional Insights:
The Global Breast Imaging Technologies Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, the Asia-Pacific region is projected to hold the most substantial share of the market. The regional market is likely to be driven by the rising prevalence of breast cancer, rising healthcare spending, an increase in the number of breast cancer awareness initiatives, and significant government spending on breast cancer research studies in the emerging economies of the region such as China and India. According to GLOBOCAN 2018, Asia recorded a total of 911,014 new breast cancer cases in 2018, which is anticipated to increase to 229,650 by the end of 2030. Such increased prevalence of breast cancer cases is likely to encourage the adoption of various breast imaging technologies and hence contribute to the growth of the market during the forecast period.
Prominent Players in Breast Imaging Technologies Market:
- Hologic, Inc.
- Siemens Healthineers
- Allengers
- GE Healthcare
- Fujifilm Holdings Corporation
- Philips Healthcare
- Toshiba Medical Systems Corporation
- Carestream Health, Inc.
- Aurora Imaging Technology, Inc.
- Dilon Technologies Inc.
- Planmed Oy
- CMR Naviscan Corporation
- Metaltronica S.p.A
- SonoCiné, Inc.
- Micrima Limited
- SuperSonic Imagine
- iCAD, Inc.
- Gamma Medica, Inc.
- Planmeca Group
- Delphinus Medical Technologies, Inc.
- Siemens AG
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Additional Insights:
Market Penetration: Analysis of the product portfolio of different market players and the status of new product launches.
Product Development/Innovation: Assessment of R&D activities, new product development, and emerging trends.
Market Development: Analysis of regions with high growth potential.
Market Diversification: Assessment of new products, recent developments, and emerging regional markets.
Competitive Landscape: Growth strategies, revenue analysis, and product innovations by market players.
Key Questions Answered in Breast Imaging Technologies Market Report:
What is the global market size of the Breast Imaging Technologies Market?
Who are the key vendors in the Breast Imaging Technologies Market?
What is the key driver of the Breast Imaging Technologies Market?
What is the key market trend for the Breast Imaging Technologies Market?
Which region accounted for the largest share in the Breast Imaging Technologies Market?
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