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January 2024
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Breast imaging refers to various techniques used to visualize the breast tissue and identify any abnormalities that may indicate breast cancer or other issues. Some common breast imaging modalities include mammography, ultrasound, MRI, PET, etc. Mammography remains the primary imaging test for breast cancer screening. Digital breast tomosynthesis or 3D mammography is gaining rapid adoption due to its improved detection rates compared to conventional 2D mammography.
The 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 Dynamics: The growth of the global breast imaging market is driven by rising awareness regarding early detection of breast cancer and increasing demand for advanced breast screening technologies. According to World Health Organization (WHO), breast cancer is the most common cancer in women worldwide, with an estimated 2.3 million new cases of breast cancer in 2020. Early detection significantly improves breast cancer treatment outcomes which is boosting the adoption of breast imaging modalities. Furthermore, the strong focus on women's health and growing government initiatives for raising breast cancer awareness are propelling the market growth. However, high cost of advanced breast imaging systems is a major barrier restricting wider adoption in developing regions. Segment Analysis Breast Imaging Marketis segmented into Mammography, Breast Ultrasound, Breast MRI, Tomosynthesis, Nuclear Imaging,and others. Amongst these, Mammography dominates the breast imaging market accounting forover 30% of the share.Mammography is a low-radiation x-ray screening method that is usedspecifically to examine the breasts for detection of cancer orother abnormalities. It has high sensitivity and specificity indetecting breast cancer, especially invasive cancers. This hasresulted in its increased adoption over the othersub-segments. PEST Analysis Political: Governments across various countries are undertaking initiatives for increasing awareness about breast cancer screening and its early detection. Various policies supporting insurance coverage for breast imaging procedures are fueling the market growth. Economic: High and growing per capita healthcare expenditure along with rising disposable income in developing countries is positively impacting the breast imaging market size. Social: Increasing public-private partnerships and various non-profit organizations working towards creating awareness about breast health is driving women's participation in regular screening. Technological: Technological advancements have led to development of full-field digital mammography, 3D mammography, breast tomosynthesis and others with improved imaging capabilities. Advancements in AI and analytics are further enhancing diagnostics. 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 awareness initiatives by governments and organizations regarding breast cancer screening and its early detection. The North American region dominates the global breast imaging market owing to high focus on women's health and wellness, supportive insurance and reimbursement policies, and presence of leading market players. However, Asia Pacific is emerging as the fastest growing regional market due to improving healthcare infrastructure, increasing healthcare expenditure, and rising incidences of breast cancer in countries like China and India. 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. These players are focusing on new product launches, partnerships, and expansion in emerging markets to strengthen their market presence. Get more insights on this topic: https://www.dailyprbulletin.com/breast-imaging-market-growth-market-size-share-analysis/
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