Infinium Global Research has added a new report on Breast Imaging Market. The report covers the analysis of global as well as regional markets of breast imaging. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global breast imaging market is projected to grow at a CAGR of 7.89% over the forecast period of 2019-2025.
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Breast imaging is a widely used diagnostic technology for evaluating breast related diseases such as a tumor in women. Imaging modalities, such as non-ionizing and ionizing imaging technologies support in early diagnosis of the disease by assessing the advancement of the disease and deciding for the appropriate treatment. Further, it helps in obtaining a high-resolution image of breast tissues. Breast cancer is one of the common cancer found in women. Besides, mammography, thermography, ultrasound, and MRI are some of the common breast imaging tests used to determine breast cancer and related diseases. Moreover, for the women of age 40 and above mammography is a more preferred the technology used for breast cancer diagnosis.
Growing Incidences of Breast Cancer are Driving the Growth of the Breast Imaging Market
Growing incidences of breast cancer are driving the growth of the breast imaging market. As per the American Institute for Cancer Research in 2018, there were over 2 million new cases for breast cancer. Moreover, it is the second most common cancer occurring in women. Further, as per the American Cancer Society’s estimates for breast cancer in the United States for 2019, about 268,600 new cases of invasive breast cancer will be diagnosed in women and about 41,760 women will die from breast cancer. Growing breast related diseases such as lesions, fibrocysts, and infections are also supporting the growth for breast imaging market. Increasing awareness regarding breast cancer, reducing the duration of breastfeeding, and changes in standard of living are some of the factors further propelling the growth for this market. Addition to this, the involvement of government such as awareness programs and funding for R&D activities in the breast cancer field are estimated to support the growth for breast imaging market. On the other hand, the high installation cost of breast imaging equipment and side effect associated with the radiation are likely to hamper the growth of the breast imaging market. Moreover, advancement in technologies such as digital mammogram, molecular breast imaging is anticipated to generate lucrative growth opportunity during the forecast period.
North America Dominated the Growth of the Breast Imaging Market
As per the geographies, North America dominated the growth of the breast imaging market followed by the Europe region. In North America region factors such as the growing occurrence of breast cancer, changing lifestyle, and growing healthcare expenditure are driving the growth for this market. Further, the U.S holds the largest market share thus, drives the North America region of the breast imaging market. In the Europe region increasing government spending on breast cancer research studies, consciousness regarding the early detection of breast cancer, and wide use of imaging technologies for breast imaging are positively supporting the growth for breast imaging market. Besides, Asia Pacific is anticipated to be the fastest growing region in the breast imaging market. Growing consciousness about breast cancer, growing support from the government for the development in healthcare infrastructure, and a growing number of health awareness programs by non-government and government organizations are boosting the growth for breast imaging market in Asia Pacific region.
Breast Imaging Market: Segmentation
The report on global breast imaging market covers segments such as type. On the basis of type, the sub-markets include ionizing breast imaging, and non-ionizing breast imaging.
Breast Imaging Market: Competitive Landscape
The report provides profiles of the companies in the market such as Hologic, Inc., GE Healthcare, Siemens Healthineers AG, Fujifilm Holdings Corporation, Gamma Medica, Inc., Toshiba Corporation, SonoCiné, Inc., Aurora Imaging Technology, Inc., Dilon Technologies, Inc., SuperSonic Imagine SA, and Other companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Breast Imaging.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.