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.
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