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Breast Imaging Market Analysis | CMI


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Title: Breast Imaging Market Analysis | CMI

  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//
  • COVID-19 Impact Tracker

  • Breast Imaging Market, by Technology (Ionizing
    Breast Imaging Technology (Analog Mammography,
    Full Field Digital Mammography (FFDM), 3D Breast
    Tomosynthesis, Positron Emission Tomography/
    Computed Tomography (PET/CT), Molecular Breast
    Imaging/ Breast Specific Gamma Imaging
    (MBI/BSMI), Positron Emission Mammography,
    Others), Non-Ionizing Breast Imaging Technology
    (Breast MRI (Magnetic Resonance Imaging), Breast
    Ultrasound, Optical Imaging, Automated Whole
    Breast Ultrasound (AWBU), Breast Thermography)),
    by End User (Hospitals, Diagnostic Laboratories,
    Ambulatory Surgical Centers) - Size, Share,
    Outlook, and Opportunity Analysis, 2018 - 2026

  • The global Breast Imaging Market size was valued
    at US 3,150.3 million in 2017, and is expected
    to witness a CAGR of 9.9 over the forecast
    period (2018 2026).

Figure 1. Global Breast Imaging Market Value
Analysis and Forecast and Absolute Opportunity
(US Mn)
Market Drivers
  • Increasing number of accidents and growing
    geriatric population are expected to drive growth
    of the breast imaging market
  • Increasing incidence of breast cancer is expected
    to be a major factor driving growth of the breast
    imaging market during the forecast period.
    According to the, around 1 in 8
    women develop breast cancer over the course of
    their lifetime. According to the same source, in
    2017, an estimated 252,710 new cases of invasive
    breast cancer are expected to be diagnosed among
    women in the U.S.
  • Increasing government initiatives such as
    awareness programs and funding for research and
    development to introduce advanced imaging
    technologies in the market are expected to propel
    the breast imaging market growth
  • For instance, in 2013, Avon Foundation, in
    partnership with NCI (National Cancer Institute)
    and the Center for Advancing Innovation funded
    US 250,000 to launch the Breast Cancer Start-up
    Challenge aimed at teams of business,
    engineering, medical/scientific, and computer
    science students, as well as small sized
    entrepreneurs to develop and commercialize
    advanced breast cancer inventions.

Market Restraints
  • However, side effects of radiation and
    installation cost of breast cancer imaging
    devices and facilities may hinder growth of the
    breast imaging market.

Breast Imaging Market- Regional Analysis
  • Regional segmentation of the global breast
    imaging market by Coherent Market Insights
    comprises North America, Latin America, Europe,
    Asia Pacific, Middle East, and Africa.
  • North America is expected to hold dominant
    position in the global breast imaging market,
    owing to increasing initiatives by government,
    presence of major players, and early adoption of
    advanced medical technologies in economies such
    as the U.S. and Canada.
  • Europe is also expected to show significant
    growth in breast imaging market, owing to
    increasing prevalence of breast cancer among
    women in various economies of this region.
    According to a report by the UNICEF (The United
    Nations Children's Fund), around 41,000 new cases
    of women are diagnosed with breast cancer in
    England annually and become more common cancer
    observed in the women in England.
  • Increasing awareness among the populace in Asia
    Pacific, along with a large population base is
    expected to position Asia Pacific as a high
    growth market in the near future. According to
    International Association of Cancer Registries,
    in 2012, over 600,000 new breast cancer cases
    were reported in Asia, accounting for 39 of all
    breast cancers diagnosed worldwide.

Figure 2 Global Breast Imaging Market Value
(US Mn), By Region
Key Players
  • Key players operating in the breast imaging
    market include Hologic, Inc., General Electric
    Company, Siemens AG, Koninklijke Philips N.V.,
    Fujifilm Holdings Corporation, Gamma Medica,
    Inc., Toshiba Corporation, Sonocine, Inc., Aurora
    Imaging Technology, Inc., and Dilon Technologies,

Key Development
  • Manufacturers are focused on providing innovative
    products and solutions for womens health through
    partnerships or agreements. For instance, in
    March 2018, Philips collaborated with the Hologic
    Inc. to offer combine Hologics innovative
    mammography technologies and Philips leading
    portfolio of ultrasound, MRI, CT, and X-ray
    systems, advanced informatics, and broad range of
    services, including maintenance, upgrade,
    training and operational performance management
    services for screening, diagnosis, and treatment
    of women across the world.
  • Moreover, in April 2016, Fujifilm India Pvt Ltd
    collaborated with NM Medical, for the
    installation of Fujifilms 50 Micron 3D
    Mammography machine-a highly advanced breast
    cancer diagnostic machine used to detect breast
    cancer among women at an early stage.

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About Us
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    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
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Contact Us
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
  • Phone 1-206-701-6702
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