Breast Imaging Market Size, Share, Global Sector / Industry Report & Analysis, 2018-2024 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Breast Imaging Market


The global breast imaging market size was estimated at USD 2.9 billion in 2016. Increasing incidences of breast cancer is expected to drive the market. Moreover, other breast related diseases such as infections, lesions and fibrocysts are also expected to contribute towards the growth of the market.
Various companies themselves conduct corporate social responsibility activities that help in educating women about breast health and preventive measures to be taken. For instance, companies like GE Healthcare have launched a commercial regarding the awareness of breast density and its effect on screening techniques. This increasing awareness is anticipated to increase the demand for the products over the forecast period.
 
Breast cancer is anticipated to be the preliminary driver of the market. According to a report by the UNICEF, breast cancer is the most communal cancer observed in the women in England. Annually around 41,000 new cases of women are diagnosed with breast cancer in England. Thus, the demand of these products is anticipated to increase in Europe over the forecast period.
Along with women, few men are also affected by breast cancer. According to the National Cancer Foundation (NBCF), breast cancer is the second most common type of cancer worldwide, which accounts for around 10.9% of cancer incidences in both women and men. The NBCF stated that around 1,700 cases of male breast cancer are recorded annually.
The disease prevalence of breast cancer is anticipated to rise with increasing life style changes, and decreasing duration of breast feeding especially in developed countries. Thus, the demand for these imaging products is anticipated to increase over the forecast period.
Technological advances, such as molecular breast imaging, digital mammogram, optical imaging, electrical impedance imaging, and tomosynthesis, are now propelling the market and are expected to show a lucrative growth over the forecast period.
Government interventions such as awareness programs and funding for R&D in the field of breast cancer are anticipated to boost the breast imaging market. The National Cancer Institute of the U.S. invested around 559 million on breast cancer research in 2013, whereas in 2013, the UK government launched a campaign “Be clear on cancer,” which helped in spreading awareness about the risk factors, preventive measures, and early diagnosis of cancer.

Market Segmentation, Outlook & Viewpoint: Global Breast Imaging Market


Technology Market Segmentation & Outlook (Revenue, USD Million; 2013 - 2024)

Ionizing

Full-Field Digital Mammography

Analog Mammography

Positron Emission Mammography

Electric Impedance Tomography

Cone-Beam Computed Tomography

Positron Emission Tomography & Computed Tomography

3D Breast Tomosynthesis

MBI/BSGI


Non Ionizing

MRI

Thermography

Ultrasound

Optical Imaging

Automated Whole-Breast Ultrasound



Key Players, Recent Developments & Regional Insights: Global Breast Imaging Market


The technology segment is bifurcated into ionizing technology and non-ionizing technology Ionizing technology is further sub-segmented as full-field digital mammography, analog mammography, position emission mammography, electric impedance tomography, cone-beam computed tomography, position emission tomography & computed tomography (PET-CT), 3D breast tomosynthesis and molecular breast specific gamma imaging. Whereas, the non-ionizing technology segment is sub-segmented as breast MRI, breast thermography, breast ultrasound, optical imaging and automated whole-breast ultrasound.
 
The mammography-based device dominated the market with around 50.8% shares, 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 mammograph cannot.

Regional Insights
North America dominated this industry with around 32.4% share in 2015. The sophisticated healthcare facilities in this region as well presence of reimbursement facility over medical treatments facilitated the usage of this equipment. Moreover, the prevalence of the chronic disorder in this region is substantially higher than global average, thus contributing towards the growth of this region significantly.
Asia Pacific is anticipated to witness the fastest growth over the forecast period. Supportive government policies to improve healthcare system along with economic developments are anticipated to be governing factors for growth.
Breast Imaging Market Share Insights
The players in the market are striving to maintain their potential market share. Increasing competition by means of technological improvements and new product developments leading to decrease in the cost of product are anticipated to be the positive outcomes for the market boost.
Some key players of the breast imaging market are GE Healthcare, Hologic, Inc., Philips Healthcare, Gamma Medica, Inc., Siemens Healthcare, Fujifilms Holdings Corp., SonoCine, Inc., Toshiba Corporation, Dilon Technologies, Inc., and Aurora Imaging Technology, Inc.
In 2013, Hologic, Inc. secured a strong position in the global market due to its strategic agreements and partnerships coupled with the new product development launches. In order to fuel the competition, key players are vigorously involved in introducing new and improved technology aspects to their products. For instance, the development of NM750b Molecular Breast Imaging System, by GE

Key Insights Covered: Global Breast Imaging Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Breast Imaging industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Breast Imaging industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Breast Imaging industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Breast Imaging industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Breast Imaging industry.

Research Methodology: Global Breast Imaging Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other