Breast Imaging Technologies Market to Exhibit 12% CAGR; Led by Improved Technologies with Reduced Radiation Exposure

Breast cancer is identified as the leading cause of cancer-related deaths among women. The incidence of breast cancer has significantly escalated since the last decade, which in turn has increased the mortality rate among women due to cancer. Women aged above 40 years or those who are going through hormone replacement therapy are at higher risk of developing breast cancer. In addition, the expanding number of aging women worldwide has aided the rise in breast cancer cases. Such factors have led the breast cancer imaging market to surge exponentially.

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Studying the overall dynamics of the global breast cancer imaging market, Transparency Market Research has released a report titled “Breast Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. As per the findings of the report, the global breast cancer imaging market is likely to reach an estimated valuation of US$4.06 billion in 2019, as against its market value of US$1.84 billion in 2012, thereby expanding at an incredible 12% CAGR between 2013 and 2019.

To present an executive-level synopsis of the present market trends, the report segments the global breast imaging market into breast ultrasound, mammography, tomosynthesis, nuclear imaging, breast MRI, and others (breast thermography and bioelectric imaging), in terms of technology. Of these, mammography uses low-intensity X-rays to develop two-dimensional images of breast tissues.

During surveys, it was revealed that approximately 44 million women in the U.S. alone undergo mammography every year, out of whom 36% women are suggested for a second diagnostic test. Many of these women resort to ultrasound breast screening, which has emerged as a promising breast imaging technology to diagnose breast cancer among women. Among other breast imaging technologies, tomosynthesis is expected to develop at a robust 18.1% CAGR during the forecast period and nuclear imaging is also expected to experience significant growth.

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Describing the competitive landscape, the report profiles some of the key players in the global breast imaging technologies market such as FUJIFILM SonoSite Inc., Hologic Inc., Aurora Imaging Technologies Inc., Dilon Technologies Inc., SonoCine Inc., Philips Healthcare, GE Healthcare Ltd., and Siemens Healthcare Corp. It provides insightful information about the key players including their product segmentation, recent developments, and business strategies. The U.S.-based Hologic Inc. dominated the overall market in 2013. A number of strategic partnerships and agreements, and new product launches have contributed towards the company’s growth in the market.

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