Breast Imaging Market to register a CAGR of 8.38% to reach USD 6,810.80 million by 2027, Global Industry Analysis, Growth and Size
Breast imaging Market Overview
Rising prevalence of tumors and cancers among the women is encouraging the
development of a market for dealing with the issues faced by them. The
increasing population of females in conjunction with rising healthcare
expenditures is expected to unleash developmental opportunities to the markets
dealing with the health disorders found in women. Market Research Future (MRFR)
has published a study on the global breast
imaging market to assess its prospects. The analysis reveals that the
market is projected to exhibit a CAGR of 8.5% during the review period 2017 to
2023.
Breast cancer is one of the widely present cancers with a high fatality
rate. Around 200,000 new cases are registered every year, as per stated by the
World Health Organization (WHO). This has encouraged the leaders in the
healthcare industry to research & develop advanced devices focused on women
health. It is projected to motivate the growth trends in the breast imaging
market over the next few years.
Breast imaging is gaining traction for the assessment of tumors. Women are
getting increasingly aware of the health disorders which has generated demand
for early detection of diseases. It is expected to revolutionize the growth trajectory
of the global breast imaging market in the years to come. However, the stigma
associated with these diseases in developing nations restricts women from
accessing medical facilities. This, in turn, is anticipated to undermine market
growth over the next few years.
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Market Segmentation
By type, the global breast imaging market has been segmented into
mammography, PET, CT, MRI, breast biopsy, ultrasound, tactile imaging, and
others. The mammography segment is further sub-segmented into film-screen
mammography, 3D mammography, Full-field digital mammography (FFDM),
scintimammography or molecular breast imaging, and others. The breast biopsy
has been sub-segmented into image-guided breast biopsy, ultrasound-guided core
biopsy, tactic core biopsy, and others.
Based on application, the breast imaging market has been segmented into
breast cancer diagnosis, metastatic axillary adenocarcinoma, post-neoadjuvant
chemotherapy, and others.
The breast imaging market, by end user, has been segmented into diagnostic
centers, hospitals, and others.
Competitive Dashboard
The key players participating in the share analysis of the global breast
imaging market are General Electric Company (U.K.), Koninklijke Philips N.V.
(Netherlands), Siemens (Germany), Hologic, Inc. (U.S.), Dilon Technologies,
Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Aurora Imaging Technology,
Inc. (U.S.), Toshiba Corporation (Japan), Gamma Medica, Inc. (U.S.), and
Sonocine, Inc. (U.S.).
Regional Analysis
By region, the global breast imaging market has been segmented into
Americas, Asia Pacific, Europe, and the Middle East & Africa (MEA).
Americas is the largest market for breast imaging. The region is burdened with
the rising patient population of breast cancer. On the other hand, the
technological advancements in the healthcare sector of the region are
skyrocketing. Thus, a healthy growth trajectory has been forecasted for the
breast imaging market in the region.
Asia Pacific is witnessing developments in healthcare technology, which is
expected to augment breast imaging market in the region. The economic
development in the region is likely to have a positive influence on the growth
trends of the market in the forthcoming years.
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