The Breast Cancer Diagnostics Market Is Projected To Witness A Significant Growth Rate Of 7.4% During The Forecast Period 2023 To 2032: Abbott Laboratories, Myriad Genetics Inc., Hologic Inc., Koninklijke Philips N.V., Fujifilm Holdings Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Breast Cancer Diagnostics Global Market Report 2023 identifies the increasing incidence of breast cancer will require more equipment to diagnose is the major driver for the breast cancer diagnostics market's growth in the forecast period. Breast cancer is the most common form of cancer, affecting 2.1 million women every year, and causing the largest number of deaths from cancer in women. The goal of the early diagnosis is to improve the percentage of breast cancers diagnosed at an initial point so that more successful care will be used and the risk of death from breast cancer can be reduced. According to the World Health Organization (WHO), around 2.3 million women were diagnosed with breast cancer and 685,000 people died of breast cancer in 2020. Therefore, the increasing incidence of breast cancer is expected to drive the growth of the breast cancer diagnostics market.

The global breast cancer diagnostics market size grew from $4.06 billion in 2022 to $4.4 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global breast cancer diagnostics is expected to grow from $5.86 billion in 2027 at a CAGR of 7.4%.

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Major competitors in the breast cancer diagnostics market are Abbott Laboratories, Myriad Genetics Inc., Hologic Inc., Koninklijke Philips N.V., Fujifilm Holdings Corporation, GE Healthcare, Thermo Fisher Scientific Inc., Siemens AG, NanoString Technologies Inc., and C.R. Bard Inc.

A key trend in the breast cancer diagnostics market includes technological advancement. Several new techniques have been developed which could be used in the diagnosis and treatment of breast cancer. The 3D mammography, also known as breast tomosynthesis, takes photographs around the breast from various angles and translates them into a 3-D model. In September 2022, Niramai, an Indian Health-Tech company, launched an innovative solution called Thermalytix. It is a automated breast cancer screening and diagnostic tool which combines thermal imaging and AI.

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The breast cancer diagnostics market is segmented -

1) By Type: Imaging, Biopsy, Genomic Tests, Blood Tests, Other Types

2) By Technology: Fluorescent In Situ Hybridization (FISH), Comparative Genomic Hybridization (CGH), Immunohistochemical (IHC), Other Technologies

3) By Cancer Type: BRCA Breast Cancer, ER & PR Breast Cancer, HER 2 Breast Cancer, EGFR Mutation Test Breast Cancer, Other Cancer Types

4) By Diagnostic Type: Ionizing Breast Imaging Technologies, Non-ionizing Imaging Technologies

5) By End Users: Hospitals and Clinics, Cancer Research Centers, Diagnostic Laboratories, Ambulatory Surgical Centers

6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the breast cancer diagnostics market.

The Business Research Company's "Global Breast Cancer Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Breast Cancer Diagnostics Market Include:
1. Executive Summary
2. Breast Cancer Diagnostics Market Characteristic
3. Breast Cancer Diagnostics Market Trends And Strategies
4. Breast Cancer Diagnostics Market - Macro Economic Scenario
5. Breast Cancer Diagnostics Market Size And Growth
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27. Breast Cancer Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Breast Cancer Diagnostics Market
29. Breast Cancer Diagnostics Market Future Outlook And Potential Analysis
30. Appendix

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