The Breast Imaging Devices by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Breast Imaging Devices, The breast imaging devices market size has grown strongly in recent years. It will grow from $4.53 billion in 2023 to $4.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth in the number of healthcare facilities, economic growth in emerging markets, rapid technological advances, rising prevalence of breast cancer and aging female population.
The breast imaging devices market size is expected to see strong growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to awareness for early detection of breast diseases, rising use of diagnostic medical imaging, increasing investment and funding for breast cancer treatments. Major trends in the forecast period include investing in product portfolio expansion, strategic collaboration and increasingly investing in development of portable devices, investing in photoacoustic breast imaging, augmented reality (ar) for breast imaging and hybrid imaging technology.
The rising prevalence of breast cancer is anticipated to contribute to the breast imaging device market’s growth. A growing number of hormone replacement therapies (HRT), hormonal imbalances, menopause, and various reproductive disorders have significantly increased the risk of breast cancer. According to the World Health Organization (WHO), breast cancer is the most common cancer in women, impacting 2.1 million women annually. Breast cancer causes the highest number of cancer-related deaths among women. For instance, in February 2023, according to the American Society of Clinical Oncology (ASCO), a US-based professional organization that publishes patient information on the cancer.net website, women are diagnosed with breast cancer in the United States for 1 in 3 new female cancers annually, and in 2023, an estimated 297,790 women in the United States will be diagnosed with invasive breast cancer and 55,720 with non-invasive (in situ) breast cancer.
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The breast imaging devices market covered in this report is segmented –
1) By Product Type: Tomosynthesis, Breast Ultrasound, Breast Magnetic Resonance Imaging (MRI), Mammography, Nuclear Imaging, Other Product Types
2) By Technology: Ionizing, Non Ionizing
3) By End User: Hospitals and Clinics, Breast Care Centers, Diagnostic Imaging Centers
Major players operating in the breast imaging devices market are undertaking various strategic initiatives such as the launch of technologically advanced or innovative products and product portfolio expansion, which is likely to be a leading trend in the breast imaging market. Various companies are introducing new advanced devices in the market to attract a large customer base and maintain their position in the competitive business environment. For instance, in March 2021, Siemens Healthiness, a Germany-based company operating in breast imaging devices launched a new software solution Mammovista Smart that works on AI technology and boosts the breast image reading process, tracks, and analyses the workflow. It has features such as it reduces the loading time and helping the radiologist in reading the number of patient databases.
The breast imaging devices market report table of contents includes:
- Executive Summary
- Breast Imaging Devices MarketCharacteristics
- Breast Imaging Devices MarketTrends And Strategies
- Breast Imaging Devices Market- Macro Economic Scenario
- Global Breast Imaging Devices MarketSize and Growth
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- Global Breast Imaging Devices MarketCompetitive Benchmarking
- Global Breast Imaging Devices MarketCompetitive Dashboard
- Key Mergers And Acquisitions In Breast Imaging Devices Market
- Breast Imaging Devices MarketFuture Outlook and Potential Analysis
- Appendix
Top Major Players :
- Siemens Healthineers AG
- Hologic, Inc.
- GE Healthcare
- FUJIFILM Holdings Corporation
- Canon
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