Breast Imaging Market Overview
The Global Breast Imaging Market can expand at a CAGR of 7.5% from 2019 to 2025 (forecast period) due to rising cases of breast cancer. According to the World Health Organization (WHO), breast cancer is the second biggest form of cancer with more than 200,000 cases being discerned globally. Technological breakthroughs in diagnostic equipment and increase in healthcare expenditure of developed and developing economies for tackling the disease can work in favor of the market.
Government initiatives for creating awareness among both the genders as well as new imaging methods for conducting faster breast biopsies can drive the market growth. For instance, the SAVI SCOUT technology can be used to pinpoint the exact location of the tumor by surgeons with the help of an infrared reflector. The need for minimally invasive procedures for biopsies can widen the growth prospects of the global breast imaging market.
But the high cost of breast imaging solutions and low awareness levels of breast cancer among women in low-income economies can restrain the market growth.
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Competitive Analysis:
Leading players in the global breast imaging market include Sonocine Inc., Toshiba Corporation, Gamma Medica Inc., Aurora Imaging Technology Inc., Dilon Technologies Inc., Fujifilm Holdings Corporation, Hologic Inc., Koninklijke Philips N.V., Siemens, and GE.
In September 2019, Candelis Inc. launched a new Advanced Breast Imaging Workstation as an enhancement to its ImageGrid platform.
Segmentation:
The global breast imaging market is segmented on the basis of type, application, end user, and region.
On the basis of type, the breast imaging market is segmented into mammography, CT, PET, MRI, ultrasound, breast biopsy, tactile imaging, and others. Mammography is further segmented into film-screen mammography, full-field digital mammography (FFDM), 3D mammography, scintimammography or molecular breast imaging, and others. Breast biopsy is further segmented into image-guided breast biopsy, tactic core biopsy, ultrasound-guided core biopsy, and others.
On the basis of application, the global breast imaging market is segmented into breast cancer diagnosis, post-neoadjuvant chemotherapy, metastatic axillary adenocarcinoma, and others.
On the basis of end user, the market is segmented into hospitals, diagnostic centers, and others.
Regional Analysis:
The Americas is the largest regional market for breast imaging. The widespread awareness about breast cancer in the region has been a primary driver for the breast imaging market, as it has driven consistent product development in the breast imaging market. Women in the country don’t view breast cancer as a taboo and are proactive in fighting the disease on their own terms. This has driven significant growth of the breast imaging market. The growing prevalence of breast cancer in the region is also likely to remain a major driver for the breast imaging market in the Americas.
Europe holds the second largest share in the global breast imaging market, followed by Asia Pacific. China, Japan, and India are likely to emerge as important markets in the coming years, enabling steady growth of the breast imaging market in Asia Pacific.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
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