Breast Imaging Technologies Market By Technology (Ionizing Breast Imaging Technology, Non Ionizing Breast Imaging Technology): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global breast imaging technologies market was valued at $ 3,737.8 million in 2020, and is projected to reach $8,133.8 million by 2030, registering a CAGR of 8.1% from 2021 to 2030.
Breast imaging is a technique used for obtaining high resolution images of breast tissues. It helps in the detection of breast cancer and other breast-related disorders at the initial stages. Breast imaging has become an important aspect of breast cancer diagnosis, as breast cancer is one of the leading causes of fatality among women.
The growth of the global breast imaging technologies market is majorly driven by increase in prevalence of breast cancer, government and private organization initiatives about early detection of breast cancer, surge in number of screening programs, and rise in demand for early diagnosis of breast cancer. For instance, in March 2020, the World Health Organization (WHO)reported that around 2.3 million women were diagnosed with breast cancer. Furthermore, in October 2021, the WHO launched women’s health chatbot along with messaging on breast cancer.
Furthermore, rise in number of women population drives the growth of the market. This is attributed to the fact that women population above the age of 45 years is highly vulnerable to breast diseases, which boosts the need for various breast imaging technology services. This factor is expected to notably contribute toward the growth of the global breast imaging technologies market.
In addition, development of medical imaging sector and rise in several approvals for breast imaging technologies drive the global breast imaging technologies market. In addition, increase in R&D activities in healthcare industry and development in medical imaging sectors are anticipated to provide lucrative opportunities for the market expansion.
However, high cost required for detecting breast cancer and stringent regulatory approval procedures hinder the market growth. On the contrary, increase in awareness among population about early detection of breast cancer augments the growth of the breast imaging technologies market. This has further encouraged many key players to enter emerging markets, thus offering lucrative opportunities for the expansion of the breast imaging technologies market.
The breast imaging technologies market is segmented on the basis of product and region. Depending on product, the market is divided into ionizing breast imaging technologies and non-ionizing breast imaging technologies. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global breast imaging technologies market are Canon Inc., Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Koninklijke Philips N.V., Koning Corporation, Siemens Healthineers, SmartBreast, and Sonocin, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the breast imaging technologies market analysis from 2020 to 2030 to identify the prevailing breast imaging technologies market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the breast imaging technologies market size segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global breast imaging technologies market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
Ionizing Breast Imaging Technology
Non Ionizing Breast Imaging Technology
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
CANON INC.
Fluidigm Corporation
Fujifilm Holdings Corporation
General Electric Company
Hologic, Inc.
koning corporation
Koninklijke Philips N.V.
Siemens AG
Smart Breast Corporation
Sonocine Inc
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