- The deepening breast cancer crisis at a rapid rate and the escalating concern to tackle it may aid in enhancing the growth rate of the market
- With factors such as swift technological advancements and rising incidence of breast cancer, global breast imaging market may expand at a ~8% CAGR between 2020 and 2028
ALBANY, New York, July 20, 2020 /PRNewswire/ -- Early cancer detection is important to prevent further suffering and fatalities. Therefore, the elevating use of breast imaging across the globe is bringing tremendous growth opportunities for the breast imaging market during the forecast period of 2020-2028. The strengthening web of technological advancements is also proving to be a great growth generator for the breast imaging market.
Taking these factors into consideration, Transparency Market Research (TMR) predicts the global breast imaging market to record ~8% CAGR across the forecast period of 2020-2028. The global breast imaging market was valued at ~US$ 3.5 bn in 2019 and may attain a valuation of ~US$ 7 bn by the end of 2028.
The rising awareness about breast cancer detection and treatment by numerous NGOs and extensive government support may serve as prominent growth accelerators for the breast imaging market. In addition, the introduction of technologies such as artificial intelligence (AI) in breast imaging may further help in enhancing the growth rate of the breast imaging market.
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Breast Imaging Market: The Analysts Take
The analysts at TMR credit the enhancing radiologist-patient communication for building the credibility of clinics and hospitals. This factor is eventually enabling widespread acceptance for breast cancer screening, especially in developing economies of Asia Pacific, and helping the breast imaging market to garner growth.
The analysts further highlight the strengthening popularity of Digital Breast Tomosynthesis (DBT) over Digital Mammography (DM) as a powerful breast cancer screening tool. At the same time, the analysts also express skepticism about the performance of DBT for a prolonged period as the volume of published data is limited to only the first round of screening.
Explore 181 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Breast Imaging Market (Technology: Ionizing Breast Imaging [Mammography, Positron Emission Tomography-Computed Tomography {PET-CT}, and Molecular Breast Imaging {MBI}], Nonionizing Breast Imaging [Breast Ultrasound, Breast MRI, Breast Thermography, and Automated Whole-breast Ultrasound {AWBU}], and Others; and End User: Hospitals & Clinics, Diagnostic Centers, Ambulatory Surgical Centers, and Research Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2028 at https://www.transparencymarketresearch.com/report-toc/1371
Breast Imaging Market: Key Revelations
- Ionizing breast imaging technology segment may attract considerable growth across the forecast period
- The hospital and clinics segment held a significant share in 2019 and is prophesied to clench the same title throughout the forecast period of 2020-2028
- The breast MRI segment expects to generate good revenue during the forecast period
- North America held a large chunk of the breast imaging market in 2019 and may continue the same between 2020 and 2028
- Asia Pacific may expand at a high CAGR throughout the forecast period
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Breast Imaging Market: Growth Opportunities
The alarming rate of breast cancer cases over the years brings breast cancer detection technologies to the forefront. Hence, this aspect may prove to be a prime growth generator for the breast imaging market.
- Awareness about breast cancer among a large number of individuals and the rise in initiatives regarding breast cancer diagnosis may serve as robust growth pillars for the breast imaging market
- Novel product developments by manufacturers in the breast imaging market through incessant research and development activities may prove as a game-changer for the growth of the breast imaging market
- The growing cases of breast cancer among men triggers the need for early detection of breast cancer for them too; this factor may also assist the breast imaging market to climb the ladder of growth
Breast Imaging Market: Key Players
The key players involved in the global breast imaging market are Leica Biosystems Nussloch GmbH (Danaher), Fujifilm Holding Corporation, Hologic Inc., Siemens Healthineers, GE Healthcare, Canon Medical Systems Corporation, and Dilon Technologies Inc.
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Global Breast Imaging Market: Segmentation
By Technology
- Ionizing Breast Imaging
- Mammography
- Analog Mammography
- Digital Mammography
- Positron Emission Tomography-Computed Tomography (PET-CT)
- Molecular Breast Imaging (MBI)
- Nonionizing Breast Imaging
- Breast Ultrasound
- Breast MRI
- Breast thermography
- Automated Whole-breast Ultrasound (AWBU)
- Others
By End User
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Research Centers
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Breast Reconstruction Market: The breast reconstruction market is gaining momentum with increasing applications silicone and saline breast implants, ADMs, and tissue expanders. The incorporation of breast implants in breast reconstruction surgeries accounted for over two-fifth revenue share of the global market in 2018, and this is expected to remain a prominent trend in the breast reconstruction space in the coming years.
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