Technological Leaps in Novel Imaging Technology Coupled with Improved Healthcare Funds to Elevate Growth Scope
The global breast imaging market was valued at USD 6,563.6 million in 2019 and is expected to grow at a CAGR of 7.9% over the forecast period. The global market growth is attributed to advancement in technology, rising breast cancer cases coupled with increasing screening procedures. The emerging economies particularly India, and China are projected to offer lucrative growth opportunities for the market players over the forecast period.
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Large scale prevalence of breast cancer in women calls for advanced early detection methods, thus benefiting steady growth spurt in breast imaging techniques market comprising multiple features such as surgical, diagnostic, screening and support services for better insights in occurrence, diagnostics and subsequent treatment, depending upon the cancer status. Adroit Market Research affirms that global breast imaging market is likely to hit bullish growth backed by soaring preferences for early detection amongst conscious patient pools.
Further, technological breakthroughs continue to single-handedly trigger massive opportunities, significantly backed by government and corporate funding. Launch of novel imaging devices is a significant growth influencer, finds out novel research initiatives.
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Rise in Medical Tourism to Support Large Scale Dependence and Revenue Generation
IN terms of regional dominance, North American market is likely to remain atop the growth curve as new cancer cases continue to rise. Further, sufficient funding towards healthcare is also a potent growth trigger, calling for advancements in breast imaging in the region. This is closely followed by Europe and APAC. One of the chief growth enablers in breast imaging market is rise in medical tourism that is contributing towards larger adoption across demographics.
AI Integration in Breast Imaging: The Next Quantum Leap
AI integration is the nest big leap in modern breast imaging sphere as it promises pathbreaking developments to offset existing challenges in imaging, the most crucial being human errors. With automation, chances of human errors marginally decline, thus improving breast imaging outcome. Core functions such as QA checks, risk evaluation and routine workflow in detection are claimed to be better managed and delegated with AI integrated breast imaging technologies. However, the development is at a very nascent stage and awaits several approvals and skill development initiatives before it goes mainstream.
North America currently holds the largest share in Breast Imaging market owing to the presence of significant number of major players across the region along with growing investments by the established firms. Furthermore, the prevalence of chronic disorder in this region is significantly higher than the global average, thereby contributing significantly to the growth of this region.
Asia Pacific is going to record growth at a faster pace on account of governments supportive policies to improve the healthcare system and economic developments happening across the emerging economies such as India, and China among others.
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The scope of the report is segmented into technology, and end-users. Based on the technology, the breast imaging market is sub segmented into ionizing technology, and non-ionizing technology. Based on the end-users, the breast imaging market is sub segmented into hospitals and clinics, diagnostic imaging centers, breast care centers, and other end users.
The prominent players operating in global breast imaging market are striving to strengthen their product portfolios, and using numerous strategies such as mergers, acquisitions, new product launches in order to take competitive place in the global market. For instance, on 20th June 2019; Hologic, Inc. announced to acquire French based SuperSonic Imagine ultrasound medical imaging company. Some of the prominent players in breast imaging market include GE Healthcare, Siemens Healthcare, Hologic, Inc., Koninklijke Philips N.V., Fujifilm Holdings Corporation, CMR Naviscan, SonoCiné, AURORA HEALTHCARE US CORP, Dilon Medical Technologies, Inc., Carestream Health among other prominent players.
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Key segments of the global breast imaging market
Technology Overview, 2018-2028 (USD Million)
- Ionizing Technology
- Non-Ionizing Technology
End-Users Overview, 2018-2028 (USD Million)
- Hospitals and Clinics
- Diagnostic Imaging Centers
- Breast Care Centers
- Other End Users
Regional Overview, 2018-2028 (USD Million)
- North America
- S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Central and South America
- Brazil
- Mexico
- Rest of Central and South America
- Middle East & Africa
- GCC
- Rest of Middle East and Africa
Some Major Points from Table Of Contents
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Breast Imaging Market by Technology, 2018-2028 (USD Million)
Chapter 5. Global Breast Imaging Market by End-Users, 2018-2028 (USD Million)
Chapter 6. Global Breast Imaging Market by Region, 2018-2028 (USD Million)
Chapter 7. Company Profiles
Chapter 8. Appendix
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