Global Breast Imaging Market Analysis
Overview
Breast imaging is a method of obtaining high-resolution images of breast tissues and disorders. Breast cancer is the most common cause of breast illness, necessitating prompt screening, which is expected to drive the global breast imaging market forward.
Both men and women are susceptible to breast cancer. Moreover, it is more commonly observed in girls than in males. Ultrasound, mammography, nuclear imaging MRI, and thermography are the most frequent breast imaging techniques used to diagnose breast cancer and associated diseases. Additionally, for women aged 40 and up, mammography is the primary imaging modality for breast cancer diagnosis.
The global breast imaging market was worth US$ 3,150.3 million in 2017 and is anticipated to grow at a 9.9% CAGR from 2018 to 2026.
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Drivers
The global breast imaging market is projected to rise due to an increase in the number of accidents and a growing elderly population.
Over the forecast period, the rising prevalence of breast cancer is expected to be a key aspect propelling growth in the global breast imaging market. Breast cancer affects around 1 in every 8 women at some point in their lives, according to breastcancer.org. According to the same source, 252,710 new instances of invasive breast cancer are reported to be identified in women in the U.S. in 2017.
The global breast imaging market is projected to rise due to increased government activities such as awareness campaigns and funding for research and development to deliver improved imaging technologies into the market.
The Breast Cancer Start-up Challenge was launched in 2013 by the Avon Foundation in collaboration with the National Cancer Institute and the Center for Advancing Innovation to encourage teams of corporate, manufacturing, clinical, and computer programming students, as well as small businesses, to develop and commercialize advanced breast cancer inventions.
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Restraints
Although, radiological side-effects and the expense of installing breast cancer imaging devices and facilities may limit the global breast imaging market’s expansion.
Regional Insights
Due to increased government efforts, the presence of large companies, and early acceptance of sophisticated medical technology in economies such as the U.S. and Canada, North America is projected to retain a prominent position in the global breast imaging market.
Due to the rising frequency of breast cancer among women in various European nations, the breast imaging market in Europe is projected to develop significantly. As per a UNICEF (United Nations Children’s Fund) study, about 41,000 new instances of breast cancer are identified in women in England each year, making it the most prevalent disease among women in the country.
Growing public education in Asia Pacific, combined with a huge population base, is projected to establish the region as a high-growth market in the near future. As per the International Association of Cancer Registries, Asia recorded over 600,000 new breast cancer cases in 2012, contributing for 39% of all breast cancer cases diagnosed globally.
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Competitive Landscape
Through collaborations or alliances, manufacturers are focusing on offering new goods and treatments for women’s health. Philips and Hologic Inc. partnered in March 2018 to offer a combination of Hologic’s innovative mammography technologies and Philips’ leading portfolio of ultrasound, MRI, CT, and X-ray systems, enhanced informatics, and a wide variety of services, such as repairs, revamp, mentoring, and operational performance management services for testing, diagnosis, and treatment of women around the world.
Furthermore, Fujifilm India Pvt. Ltd. partnered with NM Medical in April 2016 to install Fujifilm’s 50 Micron 3D Mammography machine, a highly sophisticated breast cancer diagnostic system that may identify breast cancer in women at a preliminary phase.
Major companies contributing in the global breast imaging market are Gamma Medica, Inc., Fujifilm Holdings Corporation, Koninklijke Philips N.V., General Electric Company, Hologic, Inc., Dilon Technologies, Inc., Siemens AG, Aurora Imaging Technology, Inc., Sonocine, Inc., and Toshiba Corporation.
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Main points in Breast Imaging Market Report Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Breast Imaging Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Breast Imaging Industry Impact
Chapter 2 Global Breast Imaging Competition by Types, Applications, and Top Regions and Countries
2.1 Global Breast Imaging (Volume and Value) by Type
2.3 Global Breast Imaging (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Breast Imaging Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Breast Imaging Market Analysis
Chapter 6 East Asia Breast Imaging Market Analysis
Chapter 7 Europe Breast Imaging Market Analysis
Chapter 8 South Asia Breast Imaging Market Analysis
Chapter 9 Southeast Asia Breast Imaging Market Analysis
Chapter 10 Middle East Breast Imaging Market Analysis
Chapter 11 Africa Breast Imaging Market Analysis
Chapter 12 Oceania Breast Imaging Market Analysis
Chapter 13 South America Breast Imaging Market Analysis
Chapter 14 Company Profiles and Key Figures in Breast Imaging Business
Chapter 15 Global Breast Imaging Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
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