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Breast Imaging Market to Reach USD 2.6 billion by 2030 owing to the growth rate of the market will be driven by an increase in breast cancer.

02-10-2024 08:52 AM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Breast Imaging Market

Breast Imaging Market

The SNS Insider report indicates that the Breast Imaging Market was valued at USD 2.0 billion in 2022, and is expected to reach market size of USD 2.6 billion by 2030, with a compound annual growth rate (CAGR) of 3.8% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, FDA regulates breast imaging equipment, including mammography systems and other diagnostics such as ultrasound and Magnetic Resonance Imaging (MRI).

Market Report Scope -

The global breast imaging market is divided into various segments and regions and forecasts revenue growth and trends in each of these markets in this research report. The key growth drivers, opportunities and challenges affecting the global breast imaging market are analysed in this report. In order to create a competitive landscape on the market, recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included. The report analyses their core competencies in each sub segment of the worldwide breast imaging market and provides a strategic overview of the major players on the market.

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The major key players Breast Imaging Market
-GE Healthcare,
-Hologic, Inc.
-Philips Healthcare,
-Gamma Medica, Inc.,
-Siemens Healthcare,
-Fujifilm Holdings Corp.,
-SonoCine, Inc.,
-Toshiba Corporation,
- Dilon Technologies, Inc.,
-Aurora Imaging Technology, Inc.,
-and Others.

Market Opportunities-

The aspects of treatment and access to them have been revolutionized by the latest advances in image technology. In order to view metabolic information and anatomical details of organs, a combination of imaging techniques such as CT scan, MRI or PET has become increasingly important. Furthermore, the quality of breast images and patient comfort as well as reduced dosing have been increased through these Integrated Diagnostic Imaging techniques. Because of these benefits, manufacturers around the world are further focusing on introducing new products to increase the sensitivity and accuracy of a breast cancer diagnosis.

Breast Imaging Market Segmentation Analysis -

By Product
-Breast Imaging Systems
-Software and Services
-Accessories

By End User
-Hospitals and Clinics
-Diagnostic Imaging Centers
-Breast Care Centers

Based on technology, in 2022, due to the increased use of advanced instruments in cancer research and the need for more sensitivity and earlier diagnosis, ionising segment is projected to lead breast imaging market share by around 65 % over the forecast period. In addition, in order to supply the market with better products, most participants on the market have made clear that they will step up their technology investment.

On the basis of end user, in 2022, Hospitals and Clinics segment is expected to dominate the breast imaging market share of 43.4% over the forecast period owing to a hospital's ability to provide modern, well-equipped breast imaging equipment has a favorable impact on a number of variables, The duration of the patient's stay, the cost of their overall healthcare, the standard of care and the availability of emergency care shall be taken into account.

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Key Regional Development -

In 2022, North America accounted for a large market share of 37.9%, and it is expected to maintain its dominance during the forecast period due to factors like increased research funding as well as rising applications in healthcare. In the United States, it is anticipated that 287,856 women will be diagnosed with invasive breast cancer and 51,450 women will be diagnosed with non-invasive (in situ) breast cancer in 2022, according to the American Society of Clinical Oncology's article on breast cancer statistics for the following year.

Asia-Pacific is witness to increase at the highest rate during the forecast period owing to the increased prevalence of breast cancer, high R&D investments in breast cancer therapies, and advancements in breast imaging technologies are the main factors fueling the market's expansion. According to the Centers for Disease Control and Prevention (CDC), breast cancer is the most common malignancy in the majority of Asian nations, regardless of race or ethnicity. In view of the continued efforts made by major companies to penetrate Asia Pacific's growing markets, the market for breast imaging is expected to increase during the forecast period.

Key Takeaway from Breast Imaging Market Study-

Breast Imaging Market growth is being driven by the rising pervasiveness of breast cancer requiring increasing application of screening mammography and technological progress in the field of breast imaging.

Breast Imaging Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Breast Imaging Market report.

Recent Development Related to Breast Imaging Market -

In May, 2023, The US FDA's 510k clearance for Precision DL, a new and groundbreaking deep learning powered image processing program in GE HealthCare's expanding Effortless Recon line of products, has been granted according to the company. The advantages of increased contrast recovery, contrast-to-noise ratio and quantitative accuracy that are normally associated with hardware-based Time-of-Flight (ToF) reconstruction is provided by Precision DL.

In June 2022, The National Cancer Center Singapore NCCS and GE Healthcare have entered into an alliance. This cooperation aims at encouraging the development of more specific cancer treatment options and giving patients a chance to examine clinically relevant data while they are being treated, in combination with text processing and AI.

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Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Breast Imaging Market, By Technology
8.1 lonizing
8.2 Non-ionizing
9. Breast Imaging Market, By Product
9.1 Breast Imaging Systems
9.2 Software and Services
9.3 Accessories
10. Breast Imaging Market, By End User
10.1 Hospitals and Clinics
10.2 Diagnostic Imaging Centers
10.3 Breast Care Centers
11. Regional Analysis
12 Company Profile
13. Competitive Landscape
13.1.Competitive Bench marking
13.2.Market Share Analysis
13.4.Recent Developments
13.5.Industry News
13.6.Company News
13.7.Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
continued

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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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