Press release
Breast Cancer Screening Market Growing Popularity and Number of Medical Services to Propel Global Industry | Oncocyte Corporation, POC Medical Systems, Exact Sciences Corporation, Danaher
The major players operating in the Breast Cancer Screening Market include Koninklijke Philips N.V.,., Hologic, Inc.,., BD, Myriad Genetics, Inc.,, Inc., Siemens Healthineers AG, Exact Sciences Corporation, Oncocyte Corporation, Poc Medical systems, Danaher, and General Electric Company, among others.
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These companies are focused on adopting organic strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in June 2017, Siemens Healthineers received Food and Drug Administration (FDA) approval for its product namely syngo.via VB20 which is likely to used for Molecular Imaging (MI). This launch is a new release of the company’s established intelligent visualization software for multi-modality imaging.
Benefits of Breast Cancer Screening Market:
The increasing prevalence of breast cancer, growing geriatric population, and rising adoption of technologies in screening are among the major factors driving the growth of the breast cancer screening market.
However, challenges associated with the use of imaging test for screening of cancer and high cost of screening procedures are restraining the growth of the market.
Further, bassinet on global business due to coronavirus pandemic is likely to have a short-term negative impact on the market growth.
Test Type-Based Market Insights
The breast cancer screening market, by product type, is segmented into blood marker tests, imaging test, genetic test, immunohistochemistry test. The imaging test segment held the largest share of the market in 2019, and it is also anticipated to register the highest CAGR in the market during the forecast period.
Strategic Insights
Product launches and approvals is a commonly adopted strategy by companies in the breast cancer screening market to expand their footprint worldwide and meet the growing demand by enlarging their product portfolios.
They also adopt the strategy of expansion to enlarge customer base across the world, which also permits them to maintain their brand name globally. For instance, in June 2017, Siemens Healthineers received Food and Drug Administration (FDA) approval of product namely syngo.via VB20 which is likely to use for for Molecular Imaging (MI) from Siemens Healthineers — a new release of the company’s established intelligent visualization software for multi-modality imaging.
Market Segmentation:
– By Product Type
Blood Marker Test
Imaging Test
Genetic Test
Immunohistochemistry Test
– By Application
Diagnostic Centers
Hospitals
Research Laboratories
Cancer Institutes
– By Geography
North America
Europe
Asia Pacific
Middle East and Africa
South America
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