What Will The Breast Imaging Technologies Market Look Like In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s breast imaging technologies market report forecasts the breast imaging technologies market size to grow to $6 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
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Breast Imaging Technologies Market Size Forecast
The global breast imaging technologies market is expected to grow from $4.01 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global breast imaging market size is expected to reach $6.0 billion in 2027 at a CAGR of 8.1%.
North America held the largest breast imaging technologies market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Breast Imaging Technologies Market Driver – Growth In The Prevalence Of Breast Cancer
For example, according to World Health Organisation (WHO) reports shared in March 2021, approximately 2.3 million women worldwide were diagnosed with breast cancer, and approximately 685,000 died from the severity of the disease in 2020, where 7.8 million women have received a breast cancer diagnosis in the previous five years. As a result, the rising prevalence of breast cancer is propelling the breast imaging technologies market forward.
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Key Breast Imaging Technologies Market Trend – Product Innovations
Major firms in the breast imaging technologies market are focusing on developing new technologies to improve their observation capability and maintain their market position. Seno Medical, a US-based medical imaging business, for example, will debut the Imagio OA/US Breast Imaging System in November 2022. It uses laser optics and grayscale ultrasonography to give simultaneous functional and anatomical breast imaging. The opto-acoustic images provide a distinct blood map within and around breast tumours, whereas the ultrasound images provide a more traditional anatomical depiction. These studies, which contrast the imagio OA/US breast imaging system with traditional diagnostic imaging modalities, show that it will be a more effective tool for radiologists in confirming or ruling out malignancy. It also has a computer component that assists users with BI-RADS classifications and is powered by artificial intelligence (AI).
Breast Imaging Technologies Market Segment
1) By Imaging Technique: Mammography, Breast Ultrasound, Breast MRI, Image Guided Breast Biopsy, Positron Emission Tomography, Other Imaging Techniques
2) By Technology: Ionizing Breast Imaging Technology, Non Ionizing Breast Imaging Technology
3) By End User: Hospital, Diagnostic Imaging Centre, Other End Users
Breast Imaging Technologies Market Major Players and Strategies
Major players in the breast imaging technologies market are Fujifilm Holdings Corporation, GE HealthCare Technologies Inc., Hologic Inc., Koninklijke Philips N.V., Siemens Healthineers, 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, and Fluidigm Corporation.
Smart Breast Corporation., a US-based medical equipment manufacturing company, purchased Molecular Breast Imaging Assets from Dilon Technologies Inc. in December 2020 for an unknown sum. Smart Breast Corporation will be able to deliver cancer clinic services and benefit from the use of Molecular Breast Imaging technology in cancer diagnosis services as a result of this acquisition. Dilon technology Inc. is a medical device manufacturer based in the United States that develops breast imaging technology to aid in the fight against breast cancer.
The Breast Imaging Technologies Global Market Report 2023 covers regional data on breast imaging technologies market size, breast imaging technologies market trends and drivers, opportunities, strategies, and breast imaging technologies market competitor analysis. The countries covered in the breast imaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Breast imaging technologies are a speciality of diagnostic radiology and medical imaging techniques that are used to detect and study breast tissue for early indicators of disease or abnormality. It is utilised in a number of clinics as a supplementary screening tool for breast-dense women, as well as to evaluate the results of breast ultrasonography and mammography.
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