Press release
Breast Imaging Market to Reach USD 6.6 Billion by 2028, Growing at 8.5% CAGR - DataM Intelligence
Breast Imaging Market
Asia Pacific is projected to record the highest growth during the forecast period, supported by rising healthcare investments, expanding public health infrastructure, and increasing breast cancer prevalence. Meanwhile, North America dominated in 2022 due to strong research funding, widespread adoption of advanced imaging systems, and the presence of major global manufacturers. Europe, projected to reach USD 1.7 billion by 2028, also continues to adopt advanced digital and contrast-enhanced breast imaging solutions across healthcare facilities.
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Key Highlights from the Report
➤ Global breast imaging market valued at USD 4.4 billion in 2023, forecasted to reach USD 6.6 billion by 2028.
➤ Asia Pacific to post the fastest growth driven by expanding infrastructure and breast cancer awareness programs.
➤ Ionizing breast imaging technologies held the largest market share in 2022 due to superior accuracy and sensitivity.
➤ Software & services segment projected to register the highest CAGR based on demand for diagnostic precision tools.
➤ Hospitals and clinics accounted for the largest end-user share, benefiting from automation and adoption of advanced digital systems.
➤ North America remains the leading revenue-generating region owing to advanced healthcare systems and widespread R&D support.
Market Segmentation
Based on technology, the market is segmented into ionizing and non-ionizing breast imaging technologies. The ionizing breast imaging segment held the largest share in 2022 due to its high sensitivity and efficacy in early detection. Widespread use in cancer research and diagnosis continues to propel advancements in this segment.
By product, the breast imaging market is divided into systems, software & services, and accessories. The software & services segment is expected to grow at the highest CAGR through 2028 as hospitals adopt AI-integrated diagnostic solutions that enhance operational efficiency and automation in radiology workflows.
By end user, hospitals and clinics accounted for the largest market share in 2022, driven by increasing breast imaging procedure volumes and the shift toward digital precision imaging. Meanwhile, diagnostic and specialized breast care centers are witnessing rising equipment installations focused on preventive screening.
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Regional Insights
North America dominated the breast imaging market in 2022, led by the U.S. and Canada. The region's market expansion is supported by extensive research funding, advanced healthcare infrastructure, and growing awareness about early cancer detection. According to GLOBOCAN 2020, North America recorded over 281,000 breast cancer cases, projected to rise by nearly 44,000 by 2030.
Asia Pacific is forecasted to exhibit the highest CAGR between 2023 and 2028. Factors such as the increasing incidence of breast cancer, government-led awareness campaigns, and rapidly improving diagnostic infrastructure in countries like India, China, and South Korea are driving market growth.
In Europe, ongoing public health initiatives and expanding use of AI-driven imaging are supporting steady market growth. The region's focus on early detection through public screening programs remains a major demand catalyst, complemented by advanced imaging installations across hospitals and diagnostic centers.
Market Dynamics
Market Drivers:
The rising global incidence of breast cancer, estimated at over 2.2 million new cases annually, is driving strong demand for early detection technologies. Governments and healthcare organizations are promoting preventive diagnostics, resulting in increased adoption of advanced imaging systems.
Market Restraints:
High equipment costs and the continuous need for system upgrades restrict adoption by small-scale imaging centers. Maintenance expenses and the high cost of AI-integrated diagnostic tools further increase the total cost of ownership.
Market Opportunities:
Emerging economies such as India, China, and Brazil present significant untapped opportunities. Government health programs, such as India's Ayushman Bharat initiative, are improving access to imaging diagnostics through funding, insurance coverage, and infrastructure investments.
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Reasons to Buy the Report
✔ Detailed assessment of market dynamics, trends, and technological innovations across breast imaging systems.
✔ Comprehensive market segmentation by technology, product, and end user.
✔ Regional and country-level insights outlining key revenue streams.
✔ Competitive analysis, including market share, product launches, and strategic collaborations.
✔ Strategic guidance for investors and stakeholders exploring growth opportunities in diagnostic imaging.
Frequently Asked Questions (FAQs)
◆ How Big is the Global Breast Imaging Market in 2023?
◆ Who are the Key Players Leading the Breast Imaging Market?
◆ What is the Forecast Growth Rate of the Market Between 2023 and 2028?
◆ Which Region is Expected to Record the Highest CAGR?
◆ What are the Key Challenges Impacting Breast Imaging Technology Adoption?
Company Insights
GE Healthcare (US)
Hologic, Inc. (US)
Siemens Healthcare GmbH (Germany)
Koninklijke Philips N.V. (Netherlands)
Canon Inc. (Japan)
FUJIFILM Holdings Corporation (Japan)
Aurora Healthcare US Corp (US)
Planmed Oy (Finland)
Dilon Technologies, Inc. (US)
Micrima Limited (UK)
Recent Developments:
2021: Hologic launched SuperSonic MACH 20, an advanced ultrasound system designed to improve diagnostic accuracy with enhanced image quality and optimized imaging modes.
2022: Siemens Healthineers expanded its ultrasound portfolio with new Acuson Family Systems, offering higher adaptability for routine breast imaging procedures.
2020: GE Healthcare introduced Serena Bright, the industry's first contrast-enhanced guided biopsy solution integrated with mammography systems, improving precision and workflow efficiency.
Conclusion
The global breast imaging market is witnessing robust growth fueled by technological innovation, rising cancer prevalence, and government efforts to promote preventive healthcare. Increasing adoption of AI-powered imaging systems, coupled with rapid expansion in emerging economies, continues to shape the market landscape. As healthcare systems worldwide focus on early detection and patient-centered care, the breast imaging market is expected to remain on a strong upward trajectory through 2028.
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Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
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Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
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About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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