The global breast imaging market is experiencing significant growth driven by multiple positive factors. Rising awareness and screening programs, coupled with advancements in breast imaging technologies such as digital mammography and 3D tomosynthesis, have improved early detection rates. Supportive government initiatives, a growing focus on women's health, and the integration of AI and big data analytics further enhance diagnostic accuracy and efficiency. The market expansion in emerging economies and increased healthcare expenditure contribute to better access to advanced breast imaging services, promising a thriving and impactful market outlook.
According to Data Bridge Market Research, the Global Breast Imaging Market is expected to reach the value of USD 4.03 billion in 2021 and is expected to reach USD 8.02 billion by 2029, registering a CAGR of 8.97% during the forecast period of 2022 to 2029.
"Rising incidence of breast cancer surge market demand"
The rising incidence of breast cancer globally has created a pressing need for early detection and accurate diagnosis. Advanced breast imaging technologies, such as digital mammography, 3D tomosynthesis, and breast MRI, play a crucial role in identifying breast abnormalities at an early stage. Early detection enables timely interventions, improving treatment outcomes and survival rates. As a result, there is a growing demand for these imaging technologies to support healthcare providers in their efforts to detect breast cancer early and provide appropriate care to patients.
What restraints the growth of the global breast imaging market?
" High cost of advanced breast imaging systems can impede the market growth”
The high cost of advanced breast imaging systems presents a significant barrier to their widespread adoption, particularly in low-resource settings. The initial investment in purchasing these sophisticated imaging machines, along with ongoing maintenance and operational expenses, can strain healthcare budgets. As a result, many healthcare facilities in resource-constrained areas may face financial constraints and be unable to afford these expensive systems, limiting access to advanced breast imaging technologies and potentially impacting early detection and diagnosis rates.
Segmentation: Global Breast Imaging Market
The Breast Imaging market is segmented on the basis of technologies, and end user
- On the basis of technologies into ionizing breast imaging technologies and non-ionizing breast imaging technologies.
- On the basis of end user, The breast imaging market is segmented into hospital, diagnostic imaging center, and others.
Regional Insights: North America dominates the Global Breast Imaging Market
North America's dominance in the breast imaging market can be attributed to the region's strong adoption of advanced healthcare imaging technologies, including digital mammography and breast MRI. The presence of major market players and well-established healthcare infrastructure also contributes to its leadership position. Furthermore, the rising prevalence of breast cancer in North America drives the demand for early detection and accurate diagnosis, leading to increased utilization of breast imaging services, thereby enhancing the market's growth prospects in this region.
Asia-Pacific's growth in the breast imaging market is driven by several factors. The region's increasing patient pool, coupled with a rising geriatric population, creates a higher demand for breast imaging services to cater to healthcare needs. Additionally, the surging levels of personal disposable income among the growing middle-class population enable greater access to healthcare services, including advanced breast imaging technologies. These trends contribute to the region's promising market outlook during the forecast period.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-breast-imaging-market
Recent Developments in Global Breast Imaging Market
- In 2020, Densitas Inc. had announced the partnership with Mammography Educators, LLC. This partnership aims to launch an artificial intelligence-powered telehealth technologist training platform that will support business continuity in mammography facilities.
- In 2020, Hologic, Inc. announced the commercial availability of 3DQuorum Imaging Technology, which Genius AI powers in Europe. According to the company's disclosures, the 3DQuorum Imaging Technology uses Genius AI-powered analytics to reconstruct high-resolution 3D data, which helps to reduce picture interpretation time.
The Prominent Key Players Operating in the Global Breast Imaging Market Include:
- Koninklijke Philips N.V. (Netherlands)
- Hitachi Ltd. (Japan)
- Siemens Healthcare GmbH (Germany)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- General Electric (U.S.)
- Aspect Imaging Ltd (Israel), Bruker (U.S.)
- Aurora Health Care (U.S.)
- FONAR Corp. (U.S.), ESAOTE SPA (Italy)
- Neusoft Corporation (China)
- TOSHIBA CORPORATION (Japan)
- Sanrad Medical Systems Private Limited (India)
- FUJIFILM Holdings Corporation (Japan)
- ONEX Corporation (Canada)
- Hologic, Inc. (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Imaging Diagnostic Systems, Inc. (U.S.)
- Agfa-Gevaert Group (Belgium)
- Koning Health (China)
Above are the key players covered in the report, to know about more and exhaustive list of global breast imaging market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Breast Imaging Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
