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The breast imaging devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Breast Imaging Devices Market Size In 2022 And Forecast
The global breast imaging devices market grew from $4.06 billion in 2021 to $4.31 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The breast imaging devices market is expected to grow to $5.27 billion in 2026 at a CAGR of 5.2%.

The breast imaging devices market consists of sales of breast imaging devices and related services by entities (organizations, sole traders, and partnerships) that manufacture breast imaging devices.

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Rise In The Prevalence Of Breast Cancer Is Driving The Growth Of The Breast Imaging Devices Market
According to the World Health Organization (WHO), breast cancer is the most common cancer in women, impacting 2.1 million women annually. Breast cancer causes the highest number of cancer-related deaths among women. For instance, in 2020, according to the American Institute of cancer research, there were an estimated 18.1 million cancer cases around the world. It was estimated that 9.3 million cases were in men and 8.8 million in women. Among them, lung and breast cancers are the most common cancers in the world, and about 12.5% and 12.2% of the new cases are diagnosed in 2020.

Competitive Landscape And The Regional Analysis Of The Breast Imaging Devices Market
Major players in the breast imaging devices market are Siemens Healthcare, GE Healthcare, Dilon Technologies Inc, Hologic Inc, Gamma Medica Inc, Fujifilm Holdings Corporation, SonoCine Inc, Philips Healthcare, Toshiba Corporation, and Aurora Imaging Technology Inc.

Additionally, as per TBRC’s research – North America was the largest region in the breast imaging devices market in 2021 holding the largest market share.

The Breast Imaging Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the breast imaging devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the breast imaging devices market.

Undertaking Various Strategic Initiatives – A Key Trend In The Breast Imaging Devices Market
Major players operating in the breast imaging devices market are undertaking various strategic initiatives such as the launch of technologically advanced or innovative products and product portfolio expansion, which is likely to be a leading trend in the breast imaging market. Various companies are introducing new advanced devices in the market to attract a large customer base and maintain their position in the competitive business environment.

Breast Imaging Devices Market Segmentation By The Business Research Company

1) By Product Type: Tomosynthesis, Breast Ultrasound, Breast MRI, Mammography, Nuclear Imaging, Other Product Types

2) By Technology: Ionizing, Non Ionizing

3) By End User: Hospitals & Clinics, Breast Care Centers, Diagnostic Imaging Centers

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