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What is the Projected Growth Rate of the Breast Imaging Technologies Market from 2024 to 2033?

In recent years, the market size for breast imaging technologies has experienced robust growth. It’s projected to swell from $4.39 billion in 2023 to $4.79 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 9.1%. This growth observed in the historical period can be ascribed to heightened awareness and screening initiatives, an upsurge in breast cancer incidents, and government-led efforts towards breast cancer consciousness.

The market size for breast imaging technologies is predicted to witness robust growth in the upcoming years, escalating to $6.5 billion in 2028, with a compound annual growth rate (CAGR) of 8.0%. The projected growth in this period can be linked to factors such as the adoption of 3D mammography (tomosynthesis), the increasing need for minimally invasive procedures, emphasis on women’s health and precision medicine, growing applications in research and clinical trials, along with patient-centric approaches. The forecast period is also set to see trends like enhancements in imaging technology and artificial intelligence integration, extensions in the applications of molecular breast imaging, the incorporation of contrast-enhanced imaging, and the implementation of multimodal imaging strategies.

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What Are the Key Drivers of Growth in the breast imaging technologies Market?

The increase of breast cancer incidences is anticipated to boost the growth of the breast imaging technologies market. Breast cancer is a disease that originates in the breast cells of women. When alterations or mutations occur in breast cells and start to proliferate without control, breast tumors are produced. Breast imaging technologies find primary use in detecting, diagnosing, and classifying the stages of breast cancer during its early phase, when the odds of successful treatment are highest. For instance, the US-based non-profit group Susang Komen For Cure predicted in November 2023, that there will be 297,790 new invasive breast cancer cases among women in the U.S. Consequently, the increasing incidents of breast cancer is fueling the expansion of the breast imaging technologies market.

What Are the Notable Segments in the Breast Imaging Technologies Market?

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

Which Emerging Trends Are Altering the Breast Imaging Technologies Market?

The rise in product innovations is a noteworthy trend emerging in the breast imaging technology field. Major players in this market are concentrating on creating new technologies to enhance their observational capabilities and maintain their market standing. For instance, the US-based medical imaging firm, Seno Medical, launched the Imagio OA/US Breast Imaging System in November 2022. It combines functional and anatomical breast imaging using laser optics and grayscale ultrasound. The opto-acoustic images deliver a unique blood map within and around breast lumps, while the ultrasound images present a more traditional anatomical view. Research comparing the Imagio OA/US breast imaging system to traditional diagnostic imaging methods shows that it could be a more effective tool in assisting radiologists to confirm or dismiss cancer cases. It also features a computer component, powered by artificial intelligence (AI), that assists users with BI-RADS classifications.

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Which Regions Are Most Influential in Expanding the Breast Imaging Technologies Market?

North America was the largest region in the breast imaging technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global breast imaging technologies market report during the forecast period. The regions covered in the breast imaging technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Breast Imaging Technologies 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 technologies market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Breast Imaging Technologies Market Include

1. Breast Imaging Technologies Market Executive Summary

2. Breast Imaging Technologies Market Segments

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

4. Key Breast Imaging Technologies Market Trends

5. Major Breast Imaging Technologies Market Drivers

……

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

26. Top Breast Imaging Technologies Companies

27. Breast Imaging Technologies Market Opportunities And Strategies

28. Breast Imaging Technologies Market, Conclusions And Recommendations

29. Appendix

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