by Breast imaging involves the use of various medical imaging techniques like mammography, ultrasound, and magnetic resonance imaging (MRI) to visualize internal breast structures. These techniques help in early detection and diagnosis of breast cancer and other breast diseases.
The global Breast Imaging Market is estimated to be valued at US$ 4202 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
3D mammography generates a three-dimensional image of the breast from multiple X-ray images taken at different angles. It has been shown to detect over 20% more invasive breast cancers compared to conventional 2D mammography and also reduces unnecessary recalls and biopsies. 3D mammography provides clearer pictures of the breast tissue by eliminating overlap of tissues on top of and beneath the area of interest, enabling radiologists to better detect small cancers that may be hidden in a traditional mammogram. This increase in accuracy is expected to drive adoption of 3D mammography in breast imaging over the forecast period.
Segment Analysis
The global breast imaging market is segmented into screening technology, and diagnostic technology. Screening technology segment held largest revenue share in 2022 due to growing awareness regarding early breast cancer detection among women. Additionally, technological advancements in mammography equipment have made the screening process more comfortable and less painful.
Key Takeaways
The Global Breast Imaging Market Demand is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing government initiatives aimed at raising awareness about early breast cancer detection.
Regional analysis
North America dominated the global market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to growing incidence of breast cancer, funding for research, and presence of major market players in the region. Asia Pacific is expected to grow at fastest pace during the forecast period supported by increasing healthcare expenditure, expanding base of private hospitals equipped with advanced imaging systems and growing medical tourism industry in the region.
Key players
Key players operating in the breast imaging market are GE Healthcare, Siemens Healthcare GmbH, Seno Medical, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Hologic, Inc., Aurora Imaging Technologies, Inc., Canon Inc., Dilon Technologies, Inc., Leica Biosystems Nussloch GmbH (Danaher), Carestream Health, Avante Health Solutions, Hitachi, Ltd, PLANMED OY, and Barco. Among them, GE Healthcare and Hologic are the two top players dominating the global market share.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
