A recent report published by Infinium Global Research on breast
imaging market provides an in-depth analysis of segments and sub-segments in the
global as well as regional breast imaging market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
breast imaging market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
breast imaging market. 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.
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. 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.
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.
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.
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.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of breast imaging
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.