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Breast Imaging Technologies Global Market Report 2024 Market Size, Trends, Share Analysis By 2024-2033
Breast Imaging Technologies Global Market
According to The Business Research Company's, The breast imaging technologies market size has grown strongly in recent years. It will grow from $4.39 billion in 2023 to $4.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased awareness and screening programs, rising incidence of breast cancer, government initiatives for breast cancer awareness.
The breast imaging technologies market size is expected to see strong growth in the next few years. It will grow to $6.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to 3d mammography (tomosynthesis) adoption, rising demand for minimally invasive procedures, focus on women's health and precision medicine, expanding applications in research and clinical trials, patient-centric approaches. Major trends in the forecast period include advancements in imaging technology, advancements in ai integration, expanding applications of molecular breast imaging, integration of contrast-enhanced imaging, multimodal imaging approaches.
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Market Drivers and Trends:
The growing prevalence of breast cancer is expected to propel the breast imaging technologies market going forward. Breast cancer refers to the type of cancer that starts in the cells of the breast in women. Breast tumors are formed when breast cells mutation (alter) and grow out of control. Breast imaging technologies are primarily used for the detection, diagnosis, and staging of breast cancer at an early stage, when it is most treatable. For instance, in November 2023, according to Susang Komen For Cure, a US-based non-profit organization, it is estimated that there will be 297,790 new cases of invasive breast cancer among women in the U.S. Therefore, the growing prevalence of breast cancer is driving the growth of the breast imaging technologies market.
Product innovations are a key trend gaining popularity in the breast imaging technology market. Major companies involved in the breast imaging technologies market is focused on innovating new technologies to improve their observation power and sustain their position in the market. For instance, in November 2022, Seno Medical, a US-based medical imaging company, launched the Imagio OA/US Breast Imaging System. It provides combined functional and anatomical breast imaging using laser optics and grayscale ultrasound. The opto-acoustic images give a distinctive blood map inside and around breast lumps, whereas the ultrasound images give a more conventional anatomical picture. These studies, which compare the imagio OA/US breast imaging system to conventional diagnostic imaging modalities, demonstrate that it will be a more useful tool for radiologists to confirm or rule out cancer. Additionally, it contains a computer element that aids users with BI-RADS classifications and is driven by artificial intelligence (AI).
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
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Major Key Players of the Market:
Fujifilm Holdings Corporation; GE Healthcare Technologies Inc.; Hologic Inc.; Koninklijke Philips N.V.; Siemens Healthineers AG; Aurora Healthcare US Corp.; Canon Inc.; Koning Corporation; Toshiba Corporation; Sonocine Inc.; Agfa-Gevaert N.V.; Allengers Medical Systems Ltd.; Aspect Imaging Ltd.; Bruker Corporation; Carestream Health; CMR Naviscan Corporation; Delphinus Medical Technologies Inc.; Esaote SpA; Fluidigm Corporation; General Medical Merate SpA; Dilon Technologies Inc.; Smart Breast Corporation; Gamma Medica Inc.; Micrima Limited; Tualatin Imaging P.C.; Leica Biosystems Nussloch GmbH; Planmed Oy; Metaltronica S.p.A; SuperSonic Imagine; Women's Diagnostic Center of America LLC
Breast Imaging Technologies Market 2024 Key Insights:
• The breast imaging technologies market will grow to $6.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Growing Prevalence Of Breast Cancer
• Product Innovations Shaping The Breast Imaging Tech Market
• North America was the largest region in the breast imaging technologies market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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