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What Will Be the Growth Trajectory of the Breast Imaging Devices Market from 2024 to 2033?

The market for breast imaging devices has experienced significant growth in recent years. Its size is expected to increase from $4.53 billion in 2023 to $4.76 billion in 2024, representing a compound annual growth rate (CAGR) of 5.1%. The surge during the historical period can be linked to the expansion of healthcare facilities, the economic upturn in emerging markets, swift advancements in technology, an increase in breast cancer cases, and the aging female demographic.

In the upcoming years, the market size for breast imaging devices is anticipated to witness robust growth. It is projected to escalate to a value of $5.9 billion by 2028, with a compound annual growth rate (CAGR) of 5.5%. The notable progress during the forecasted time frame can be credited to the growing public awareness about prompt detection of breast disorders, expanding utilization of diagnostic medical imaging, as well as increasing investment and funding dedicated to breast cancer remedies. Predominant trends predicted for this period comprise investing in the expansion of product portfolio, fostering strategic collaborations, and escalating investment towards the advancement of portable instruments, photoacoustic breast imaging, augmented reality (ar) dedicated to breast imaging, and blended imaging technology.

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What Are the Primary Growth Drivers for the breast imaging devices Market?

The escalating rates of breast cancer are expected to drive the growth of the breast imaging device market. The rise in hormone replacement therapies (HRT), hormonal disparities, menopause, and multiple reproductive disorders have markedly elevated the danger of breast cancer. The World Health Organization (WHO) states that breast cancer is the most prevalent cancer in women, impacting around 2.1 million women per year. This type of cancer leads to the greatest number of cancer-related deaths in women. For example, in February 2023, the American Society of Clinical Oncology (ASCO), a professional organization based in the U.S. that disseminates patient information through the cancer.net website, reported that breast cancer represents 1 in 3 new female cancers diagnosed annually in the U.S. Furthermore, it’s estimated that in 2023, as many as 297,790 women in the U.S. will be diagnosed with invasive breast cancer, and another 55,720 with non-invasive (in situ) breast cancer.

What Are the Defining Segments of the Breast Imaging Devices Market?

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

What Trends Are Revolutionizing Standards in the Breast Imaging Devices Market?

Key players in the breast imaging devices market are executing a variety of tactical moves like launching products that utilize cutting-edge technology and broadening their product range, thus setting a prevailing trend in the breast imaging segment. Numerous businesses introduce novel high-tech equipment in the market to engage a wider consumer base and sustain their standing in this competitive domain. For instance, Siemens Healthiness, a company based in Germany focusing on breast imaging devices, unveiled a new software solution named Mammovista Smart in March 2021. This solution derives its efficiency from AI technology and is specifically designed to enhance the breast image reading process, monitor and analyze workflow. Its unique features include shortening load time and assisting radiologists in managing patient database readings.

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What Regions Are Propelling Growth in the Breast Imaging Devices Industry?

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 Breast Imaging Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the breast imaging devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Breast Imaging Devices Market Include

1. Breast Imaging Devices Market Executive Summary

2. Breast Imaging Devices Market Segments

3. Breast Imaging Devices Market Size And Template Market Growth Rate

4. Key Breast Imaging Devices Market Trends

5. Major Breast Imaging Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Breast Imaging Devices Market

26. Top Breast Imaging Devices Companies

27. Breast Imaging Devices Market Opportunities And Strategies

28. Breast Imaging Devices Market, Conclusions And Recommendations

29. Appendix

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