Breast Imaging Market Outlook, and Opportunity Analysis, 2018 - 2026 | Hologic, General Electric Company, Siemens AG, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Gamma Medica

The breast is made up of glands called lobules that are capable of producing milk. This milk is carried through thin tubes called ducts to the lobules or the nipples. The breast tissue also contains fat and connective tissue as well as blood vessels and lymph nodes. Thus breast imaging is the technique that used to examine the breast by providing the detailed representation of it on computer for lumps or changes in size or shape. Hence, this technique aid in the early detection and diagnosis of breast cancer.

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Market Dynamics
psurge in prevalence of breast cancer is anticipated to fuel growth of the breast imaging market. Breast cancer can occur both in men and women. It is majorly reported in females as compared to men. According to the National Cancer Institute, around 100 times more new cases of breast cancer were reported in women than in men annually.
Furthermore, According to the National Cancer Foundation (NBCF), breast cancer is the second most diagnosed cancer worldwide, which accounts for 10.9% of cancer incidences in both men and women. The NBCF estimated that 2,470 men will be diagnosed with breast cancer and around 460 will die annually.

Moreover, supportive government initiatives such UK government campaign’s ‘Be clear on cancer,’ helped in spreading awareness about the risk factors, preventive measures, and early diagnosis of cancer. This campaign also include free screening programs, which helped in diagnosing around 15,000 cancer patients. Thus, provides huge opportunities for adoption of breast imaging products by various hospitals during the forecast period.

Key features of the study:
This report provides in-depth analysis of the breast imaging market, market size (US$ Mn) and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global breast imaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies

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.

Breast Imaging Market- Competitive Landscape
Manufacturers are focused on providing innovative products and solutions for women’s health through partnerships or agreements. For instance, in March 2018, Philips collaborated with the Hologic Inc. to offer combine Hologic’s 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.

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This release was published on openPR.