Expanding Awareness about Early Detection of Breast Cancer to Invite Growth for Breast Imaging Market, North America to Bag Title of Significant Regional Contributor, Opines TMR

- 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

News provided by

Transparency Market Research

Jul 20, 2020, 11:30 ET

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

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