Awareness for Early Detection Drives Breast Imaging Devices Market to $5.9B by 2028 with 5.5% CAGR

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Breast Imaging Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $5.9 billion In 2028 At A CAGR Of 5.5%:

The breast imaging devices market size has grown strongly in recent years. It will grow from $4.53 billion in 2023 to $4.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth in the number of healthcare facilities, economic growth in emerging markets, rapid technological advances, rising prevalence of breast cancer and aging female population.

The breast imaging devices market size is expected to see strong growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to awareness for early detection of breast diseases, rising use of diagnostic medical imaging, increasing investment and funding for breast cancer treatments. Major trends in the forecast period include investing in product portfolio expansion, strategic collaboration and increasingly investing in development of portable devices, investing in photoacoustic breast imaging, augmented reality (ar) for breast imaging and hybrid imaging technology.

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Breast Imaging Devices Market Major Segments
The breast imaging devices market covered in this report is segmented -
1) By Product Type: Tomosynthesis, Breast Ultrasound, Breast Magnetic Resonance Imaging (MRI), Mammography, Nuclear Imaging, Other Product Types
2) By Technology: Ionizing, Non Ionizing
3) By End User: Hospitals and Clinics, Breast Care Centers, Diagnostic Imaging Centers

Key Driver - Rising Prevalence Of Breast Cancer In Breast Imaging Devices Market
The rising prevalence of breast cancer is anticipated to contribute to the breast imaging device market's growth. A growing number of hormone replacement therapies (HRT), hormonal imbalances, menopause, and various reproductive disorders have significantly increased the risk of breast cancer. According to the World Health Organization (WHO), breast cancer is the most common cancer in women, impacting 2.1 million women annually. Breast cancer causes the highest number of cancer-related deaths among women. For instance, in February 2023, according to the American Society of Clinical Oncology (ASCO), a US-based professional organization that publishes patient information on the cancer.net website, women are diagnosed with breast cancer in the United States for 1 in 3 new female cancers annually, and in 2023, an estimated 297,790 women in the United States will be diagnosed with invasive breast cancer and 55,720 with non-invasive (in situ) breast cancer.

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Prominent Trend - Technological Advancements Transforming Breast Imaging Devices Market

Major players operating in the breast imaging devices market are undertaking various strategic initiatives such as the launch of technologically advanced or innovative products and product portfolio expansion, which is likely to be a leading trend in the breast imaging market. Various companies are introducing new advanced devices in the market to attract a large customer base and maintain their position in the competitive business environment. For instance, in March 2021, Siemens Healthiness, a Germany-based company operating in breast imaging devices launched a new software solution Mammovista Smart that works on AI technology and boosts the breast image reading process, tracks, and analyses the workflow. It has features such as it reduces the loading time and helping the radiologist in reading the number of patient databases.

Breast Imaging Devices Market Players
Major companies operating in the breast imaging devices market report are Siemens Healthineers AG, Hologic, Inc., GE Healthcare, FUJIFILM Holdings Corporation, Canon, Philips Healthcare, Aurora Imaging Technology Inc., Delphinus Medical Technologies, Micrima Limited, SonoCine Inc., Hitachi, Ltd., QT Ultrasound LLC, Trivitron Healthcare, Telerad Tech, Henan Forever Medical Co., Ltd., Guangzhou Medsinglong Medical Equipment Co., Ltd., Medsinglong Co Ltd, Toshiba Corporation, Wuhan Darppon Medical Technology Co., Ltd., Koninklijke Philips N.V., Planmed Oy, Barco NV, Esaote SpA

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Largest And Fastest Growing Region In The Market
North America was the largest region in the breast imaging devices market in 2023. Asia-Pacific was the second largest market in the global breast imaging devices market report. The regions covered in the breast imaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Breast Imaging Devices Market Report Structure
3. Breast Imaging Devices Market Trends And Strategies
4. Breast Imaging Devices Market - Macro Economic Scenario
5. Breast Imaging Devices Market Size And Growth
…..
27. Breast Imaging Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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