The researchers believe that the growth of Breast Imaging Market grow at a CAGR of 8.8% in 2024.

The prevalence of breast cancer is rising along with the growing aging population. This, in turn, is leading to the growth in the volume of mammography procedures across the globe. Owing to this, the demand for breast imaging systems is also on the rise. The global breast imaging market is expected to reach $5.18 billion by 2024, at a CAGR of 8.8% in the forecast period from 2019 to 2024.

Key findings in the breast imaging market study:

Ionizing technology dominates the global market -
In healthcare industry, the breast imaging systems are frequently used for diagnosis of breast cancer. These systems are based on technologies, namely ionizing and non-ionizing. Ionizing technology has the largest adoption due to their availability in the market from last many decades, continuous ongoing technological advancements to offer better results, and increasing incidence and prevalence of breast cancer. Though this technology dominates the market, non-ionizing technology is expected to grow at the fastest rate due to their advantages such as enhanced safety, accurate detection of breast tumor location, and higher sensitivity for smaller breast lesion in dense breast women.

Hospitals are the largest end-users-

Hospitals are the major end users owing to higher purchasing power, well-equipped operating & diagnostic rooms, presence of highly skilled healthcare professionals, ease in accessibility, and better health coverage for hospital based healthcare services from various private and group insurance plans.

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Scope of the Report:

Market by Technology-
Ionizing Technology
Full-Field Digital Mammography (FFDM)
Analog Mammography
3D Breast Tomosynthesis (3DBT)
Positron Emission Tomography/Computed Tomography (PET/CT)
Molecular Breast-Specific Gamma Imaging (MBI/BSGI)
Positron Emission Mammography (PEM)
Computed Tomography (CT)
Cone Beam Computed Tomography (CBCT)
Electric Impedance Tomography (EIT)
Non-Ionizing Technology
Breast Ultrasound
Breast MRI
Automated Whole-Breast Ultrasound (ABUS)
Breast Thermography
Optical Imaging

Market, by End User -
Hospitals
Diagnostic Imaging Centers
Academic & Research Institute
Ambulatory Surgical Centers

Geographic Analysis -

Geographically, North America commanded the largest share of the global breast imaging market in 2018, followed by Europe and Asia-Pacific. The large share of this market is mainly attributed to the well-established healthcare system in the region, greater adoption of advanced technologies, growing prevalence of breast cancer, growing dense breast research activities, and implementation of several initiatives for increasing awareness about breast cancer. However, countries in Asia-Pacific and Latin America are expected to witness significant growth during the forecast period due to accelerated economic growth of many countries, growing government focus on healthcare sector, rising prevalence of breast tumor, increasing health insurance penetration, and female aging population in the region.

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Key Players -

The key players profiled in the global breast imaging market research report are Hologic, Inc., GE Healthcare, Siemens Healthcare GmbH, Carestream Health Inc., Koninklijke Philips N.V., FUJIFILM Holdings America Corporation, Canon Medical Systems Corporation, Hitachi Medical Systems, Dilon Technologies, Inc., Aurora Healthcare US Corporation, CMR Naviscan Corporation, Planmed Oy, and SonoCine Inc., among others.

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About Meticulous Research® -

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

This release was published on openPR.