Breast Imaging Market Size, Share & Trend Report

Breast Imaging Market Size, Share & Trend Analysis Report By Technology (Ionizing Technology, Non-Ionizing Technology), And Segment Forecasts, 2018 - 2024

  • Published Date: Mar, 2018
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-146-7
  • Format: Electronic (PDF)
  • Historical Data: 2013 - 2014
  • Number of Pages: 94

Industry Insights

The global breast imaging market size was estimated at USD 2.9 billion in 2016. Increasing incidences of breast cancer is expected to drive the market. Moreover, other breast related diseases such as infections, lesions and fibrocysts are also expected to contribute towards the growth of the market.

Various companies themselves conduct corporate social responsibility activities that help in educating women about breast health and preventive measures to be taken. For instance, companies like GE Healthcare have launched a commercial regarding the awareness of breast density and its effect on screening techniques. This increasing awareness is anticipated to increase the demand for the products over the forecast period.

U.S. breast imaging market

Breast cancer is anticipated to be the preliminary driver of the market. According to a report by the UNICEF, breast cancer is the most communal cancer observed in the women in England. Annually around 41,000 new cases of women are diagnosed with breast cancer in England. Thus, the demand of these products is anticipated to increase in Europe over the forecast period.

Along with women, few men are also affected by breast cancer. According to the National Cancer Foundation (NBCF), breast cancer is the second most common type of cancer worldwide, which accounts for around 10.9% of cancer incidences in both women and men. The NBCF stated that around 1,700 cases of male breast cancer are recorded annually.

The disease prevalence of breast cancer is anticipated to rise with increasing life style changes, and decreasing duration of breast feeding especially in developed countries. Thus, the demand for these imaging products is anticipated to increase over the forecast period.

Technological advances, such as molecular breast imaging, digital mammogram, optical imaging, electrical impedance imaging, and tomosynthesis, are now propelling the market and are expected to show a lucrative growth over the forecast period.

Government interventions such as awareness programs and funding for R&D in the field of breast cancer are anticipated to boost the breast imaging market. The National Cancer Institute of the U.S. invested around 559 million on breast cancer research in 2013, whereas in 2013, the UK government launched a campaign “Be clear on cancer,” which helped in spreading awareness about the risk factors, preventive measures, and early diagnosis of cancer.

Technology Insights

The technology segment is bifurcated into ionizing technology and non-ionizing technology Ionizing technology is further sub-segmented as full-field digital mammography, analog mammography, position emission mammography, electric impedance tomography, cone-beam computed tomography, position emission tomography & computed tomography (PET-CT), 3D breast tomosynthesis and molecular breast specific gamma imaging. Whereas, the non-ionizing technology segment is sub-segmented as breast MRI, breast thermography, breast ultrasound, optical imaging and automated whole-breast ultrasound.

Global breast imaging market

The mammography-based device dominated the market with around 50.8% shares, whereas tomosynthesis is anticipated to witness lucrative growth over the forecast period, owing to its higher accuracy and reliability. Tomosynthesis takes multiple images of the breast at the same time whereas a mammograph cannot.

Regional Insights

North America dominated this industry with around 32.4% share in 2015. The sophisticated healthcare facilities in this region as well presence of reimbursement facility over medical treatments facilitated the usage of this equipment. Moreover, the prevalence of the chronic disorder in this region is substantially higher than global average, thus contributing towards the growth of this region significantly.

Asia Pacific is anticipated to witness the fastest growth over the forecast period. Supportive government policies to improve healthcare system along with economic developments are anticipated to be governing factors for growth.

Breast Imaging Market Share Insights

The players in the market are striving to maintain their potential market share. Increasing competition by means of technological improvements and new product developments leading to decrease in the cost of product are anticipated to be the positive outcomes for the market boost.

Some key players of the breast imaging market are GE Healthcare, Hologic, Inc., Philips Healthcare, Gamma Medica, Inc., Siemens Healthcare, Fujifilms Holdings Corp., SonoCine, Inc., Toshiba Corporation, Dilon Technologies, Inc., and Aurora Imaging Technology, Inc.

In 2013, Hologic, Inc. secured a strong position in the global market due to its strategic agreements and partnerships coupled with the new product development launches. In order to fuel the competition, key players are vigorously involved in introducing new and improved technology aspects to their products. For instance, the development of NM750b Molecular Breast Imaging System, by GE

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2014

Forecast period

2016 - 2024

Market representation

Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Report coverage          

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, UK, Germany, China, Japan, Mexico, Brazil, South Africa.

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the global breast imaging market report on the basis of technology and region:

  • Technology Outlook (Revenue, USD Million; 2013 - 2024)

    • Ionizing

      • Full-Field Digital Mammography

      • Analog Mammography

      • Positron Emission Mammography

      • Electric Impedance Tomography

      • Cone-Beam Computed Tomography

      • Positron Emission Tomography & Computed Tomography

      • 3D Breast Tomosynthesis

      • MBI/BSGI

    • Non Ionizing

      • MRI

      • Thermography

      • Ultrasound

      • Optical Imaging

      • Automated Whole-Breast Ultrasound

  • Regional Outlook (Revenue, USD Million; 2013 - 2024)

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

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