Market Synopsis
The global breast
imaging market is considered to demonstrate 8.5% CAGR during the forecast
period (2017-2023) owing to increasing prevalence of breast cancer, asserts
Market Research Future (MRFR). Breast imaging is referred to a diagnostic
procedure which evaluates the presence of breast tumor in women. Breast biopsy
ultrasound, mammography, PET, CT, MRI, tactile imaging, and others are some of
the common breast imaging procedures. Among these, mammography is the most
widely used screening tool and diagnosis for breast cancer and helps to detect
breast cancer at an early stage. According to the World Health Organization,
breast cancer has been reported as the second most common cancer among the
women population.
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Drivers and
Constraints Impacting the Market
With the rising prevalence of breast cancer, the global
breast imaging market is anticipated to flourish during the assessment period.
More than 200,000 new cases of cancer are diagnosed every year across the
globe. The increasing expenditure on healthcare by the developed countries
coupled with the technological developments in the field of oncology across the
world has further contributed to the market growth. Moreover, the emergence of
new imaging technologies for screening and diagnosis of several chronic
diseases have influenced the market growth to a great extent. Several companies
conduct corporate social responsibility activities to help women educate
regarding breast health and its preventive measures. For instance, companies
like GE Healthcare have recently launched a commercial regarding the awareness
of breast density and its effect on screening techniques. With the increasing
awareness, the demand for breast imaging is predicted to expand in during the
appraisal period.
On the flip side, the high cost of breast imaging solutions
coupled with the unawareness about breast imaging among the women population
are predicted to dampen the market growth during the estimated period.
Moreover, most of the women are reluctant to undergo breast imaging owing to a
number of misconceptions about the disease. This is considered to restrict the
market growth in the coming years.
Global Breast Imaging
Market: Segmental Analysis
The global breast imaging market has been segmented on the
basis of type, application, deployment, end-user, and region.
By mode of type, the global breast imaging market has been
segmented into CT, mammography, MRI, PET, breast biopsy, ultrasound, tactile
imaging, and others. Among these, the mammography segment has been further
sub-segmented into full-field digital mammography (FFDM), film-screen
mammography, scintimammography or molecular breast imaging, 3D mammography, and
others. The breast biopsy segment has been sub-segmented into tactic core
biopsy, image-guided breast biopsy, ultrasound-guided core biopsy, and others.
By mode of application, the global breast imaging market has
been segmented into post-neoadjuvant chemotherapy, breast cancer diagnosis,
metastatic axillary adenocarcinoma, and others.
By mode of end-user, the global breast imaging market has
been segmented into diagnostic centers, hospitals, and others.
Regional Insights
Geographically, the breast imaging market span across
regions namely, America, Asia Pacific, Europe, and the Middle East &
Africa.
Among all the regions, America is considered to be the
largest market for breast imaging. The growth is attributed to the growing
prevalence for breast cancer, innovative imaging solutions for breast imaging,
and development of new imaging devices by the major market players. The market
in the North American region is driven by the extensive use of imaging
modalities like CT, mammography, and MRI for screening of breast cancer. The
U.S. is considered to hold the largest market share owing to the presence of
major players coupled with emphasis on women healthcare.
The European market is presumed to exhibit a significant
growth owing to an increased expenditure on research and development activities
by the major countries like U.K. The market in Germany is expanding at a
substantial rate owing to an extensive use of available imaging technologies
for breast imaging coupled with the exponential growth of medical devices
industry. Moreover, the urge of developing new imaging devices for early cancer
screening is also considered to contribute to the market growth in this region.
The Asia Pacific region showcases numerous growth opportunities
owing to the presence of some of the largest contributors such as China, Japan,
and India. With rising awareness about breast cancer along with the use of
medical devices for cancer screening, the breast imaging market is likely to
accelerate in this region. Moreover, the rapid growth of healthcare imaging
industry in China and India and rising government support for improvement in
the diagnostic services and healthcare infrastructure contributes to the market
growth.
Industry Updates
December 04, 2018: The Ultrasound Breast Imaging Center has opened in Walnut Creek. This ultrasound 3D breast imaging involves no compression, no radiation, and no injections.
Competitive Dashboard
The prominent players operating the global breast imaging
market are Sonocine Inc. (U.S.), Fujifilm Holdings Corporation (Japan), General
Electric Company (U.K.), Hologic Inc. (U.S.), Dilon Technologies Inc. (U.S.),
Gamma Medica Inc. (U.S.), Toshiba Corporation (Japan), Koninklijke Philips N.V.
(Netherlands), Siemens (Germany), Aurora Imaging Technology Inc. (U.S.), and
others.
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