Global Breast Imaging Devices Market to Reach $6.86 Billion by 2029, Growing at 7.5% CAGR

What combination of drivers is leading to accelerated growth in the breast imaging devices market?
The breast imaging device market is projected to expand due to the increasing incidence of breast cancer. Factors such as a rising number of hormone replacement therapies (HRT), hormonal imbalances, menopause, and various reproductive conditions have escalated the risk of breast cancer significantly. The World Health Organization (WHO) states that breast cancer is the most prevalent cancer among women, affecting 2.1 million women every year. It is the leading cause of cancer-related fatalities in women. As reported by the American Society of Clinical Oncology (ASCO), a US-based professional body that publishes patient information on the cancer.net site, breast cancer accounts for 1 in 3 new female cancer diagnoses each year in the US. In February 2023, it's estimated that 297,790 women in the US will be diagnosed with invasive breast cancer and 55,720 with non-invasive (in situ) breast cancer.

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What is the projected compound annual growth rate (CAGR) of the breast imaging devices market from 2025 to 2034, and what factors influence it?
The market for breast imaging devices has seen significant expansion in the past few years. The market value is estimated to surge from $4.88 billion in 2024 to $5.14 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3%. This substantial growth during the historic period can be credited to a rise in healthcare facilities, economic development in emerging markets, swift advancements in technology, an increase in breast cancer cases, and an aging female demographic.

Future expectations for the breast imaging devices market indicate robust growth, with projections forecasting a valuation of $6.86 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.5%. This surge during the forecasted period is largely due to increased awareness about early detection of breast ailments, a rising demand for diagnostic medical imaging, and an uptick in investments and funding for treatments for breast cancer. Major trends predicted in the forecast period are investments towards expanding product portfolios, strategic partnerships, and a heightened focus on developing portable devices. Other innovative trends include investments in photoacoustic breast imaging, the use of augmented reality (AR) in breast imaging, and the incorporation of hybrid imaging technology.

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How are the latest trends influencing the growth of the breast imaging devices market?
Leading businesses in the breast imaging devices market are concentrating their efforts on creating cutting-edge technological solutions, such as superior imaging techniques, for better early detection and increased diagnostic precision in breast cancer cases. Advanced imaging techniques encapsulate refined methods designed for comprehensive and high-precision visualization of the body's internal structures. These methods include digital mammography, 3D tomosynthesis, and magnet resonance imaging (MRI). For instance, in October 2024, StoneSprings Hospital Centre, a healthcare hospital based in the US, introduced an innovative breast imaging technology. The new technology employs the latest imaging modalities, such as digital mammography and 3D tomosynthesis, to generate clearer, more detailed images of breast tissue. This breakthrough aids in the detection of anomalies that may not be discernible with conventional 2D mammography. The system is engineered to incorporate artificial intelligence (AI) algorithms, which aid radiologists in interpreting images with higher accuracy. AI can help in highlighting possible areas of concern, thereby reducing the risk of overlooked diagnoses and enhancing overall precision.

What are the major segments of the breast imaging devices market and their role in driving growth?
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

Subsegments:
1) By Tomosynthesis: Digital Breast Tomosynthesis (DBT), 3D Mammography Systems
2) By Breast Ultrasound: Handheld Ultrasound, Automated Breast Ultrasound System (ABUS), Elastography
3) By Breast Magnetic Resonance Imaging (MRI): Contrast-Enhanced MRI, Functional MRI
4) By Mammography: Digital Mammography, Film Mammography, 2D Mammography
5) By Nuclear Imaging: Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)
6) By Other Product Types: Infrared Imaging, Molecular Imaging Systems, Stereotactic Breast Biopsy Devices

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Which regions are key players in the growth of the breast imaging devices market?
North America was the largest region in the breast imaging devices market in 2024. 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

Who are the key firms paving the way for growth in the breast imaging devices market?
Major companies operating in the breast imaging devices market include 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., Planmed Oy, Barco NV, Esaote SpA

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What Is Covered In The Breast Imaging Devices Global Market Report?

•Market Size Forecast: Examine the breast imaging devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the breast imaging devices market for a structured understanding.
•Key Players Overview: Analyze major players in the breast imaging devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the breast imaging devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the breast imaging devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the breast imaging devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the breast imaging devices market.
•Competitive Landscape: Review strategic developments in the breast imaging devices market, including expansions, agreements, and new product launches.

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