Breast imaging market was valued US$ 2.82 Bn in 2017 and is expected to reach US$ 5.43 Bn by 2026, at a CAGR of 8.53% during a forecast period. The global breast imaging market is categorized into technologies and region. On the basis of technologies, the global breast imaging market is segmented into ionizing breast imaging technologies and non-ionizing breast imaging technologies market.
Further, the ionizing breast imaging technologies segment is sub-segmented into Analog Mammography, Full-Field Digital Mammography, 3D Breast Tomosynthesis, Positron Emission Tomography & Computed Tomography, Molecular Breast Imaging & Breast-Specific Gamma Imaging, Cone Beam Computed Tomography, Positron Emisssion Mammography, and Electric Impedance Tomography. The non-ionizing breast imaging technologies segment includes breast MRI, breast ultrasound, optical imaging, automated whole-breast ultrasound, and breast thermography. Based on regions, the global breast imaging market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.
Based on product type, the ionizing breast imaging technologies, 3D breast tomosynthesis segment is expected to grow at the highest CAGR during the forecast period owing to the increasing regulatory approvals for 3D breast tomosythesis systems, benefits offered by these systems over other technologies, and higher patient accessibility offered by these systems. The non-ionizing breast imaging technologies, automated whole-breast ultrasound segment is expected to grow at the highest CAGR during the forecast period due to the high reproducibility, high-resolution power with 3D capability, lower false positives, and faster imaging.
The mammography-based device dominated the market, whereas tomosynthesis is anticipated to witness lucrative growth over the forecast period, owing to its higher accuracy and reliability. Tomosynthesis takes multiple images of the breast at the same time whereas a mammography cannot. The rising incidence of breast cancer globally, growing government investments & funding for breast cancer treatment & related research, increasing awareness about early detection of breast cancer, rising geriatric population, technological advancements in breast imaging modalities, and launch of advanced breast imaging systems proficient of identifying cancer in women with compressed breast tissues are boosting the growth of the global breast imaging market.
High installation cost of breast imaging systems, side-effects of radiation exposure, strict government regulations, lack of awareness among women about breast cancer and errors in breast cancer screening and diagnosis are restricting the growth of the global breast imaging market. Geographically, North America is expected to be the largest regional segment in the global breast imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR during forecast period due to the growing patient population, increasing healthcare expenditure, improving healthcare infrastructure, growing government spending on breast cancer research studies, and implementation of several initiatives to create awareness about the early detection of breast cancer are expected to drive the market in the Asia-Pacific region.
The key players operating in global breast imaging market are Aurora Imaging Technology, Inc., Dilon Technologies, Inc., Fujifilm Holding Corporation, GE Healthcare, Gamma Medica, Inc., Hologic, Inc., Philips Healthcare, Sonocine, Inc., Toshiba Corporation, and Siemens Healthcare GmbH.
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The scope of global breast imaging market:
Global Breast Imaging Market, by Technologies:
• Ionizing Breast Imaging Technologies
• Non-Ionizing Breast Imaging Technologies
Global Breast Imaging Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
The key players operating in Global Breast Imaging Market:
• Aurora Imaging Technology, Inc.
• Dilon Technologies, Inc.
• Fujifilm Holding Corporation
• GE Healthcare
• Gamma Medica, Inc.
• Hologic, Inc.
• Philips Healthcare
• Sonocine, Inc.
• Toshiba Corporation
• Siemens Healthcare GmbH
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