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Pulished Date February, 2020
ID: 6431
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Global Breast Imaging Market Size, Share, Trends and Growth Analysis Report – Segmented By Technology (Ionizing Technologies and Non-ionizing Technologies (Breast MRI, Breast Ultrasound, AWBU, Breast Thermography, Optical Imaging)) and Region - Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 6431
Pages: 175

Breast Imaging Market Size (2020 to 2025)

As per our report, the size of the global breast imaging market is anticipated to grow at 8.58% CAGR from 2020 to 2025. The global market was valued at USD 3.5 billion in 2020 and is forecasted to raise USD 5.3 billion by 2025.

In medicine, breast imaging is the representation or reproduction of a breast's form. There are various methods of breast imaging. Scintimammography is a type of breast imaging test that involves the detection of cancer cells in the breasts of some women who have had abnormal mammograms, or for those who have dense breast tissue, post-operative scar tissue or breast implants, but is not used for screening or in place of a mammogram.

MARKET DRIVERS

Rising incidences of breast cancer across the world and growing prevalence for early diagnosis of disease are majorly propelling the growth of the global breast imaging market to the extent. Besides, the rise in the geriatric population, increasing initiative steps by the government in spreading awareness over the treatment procedures for breast cancer in rural areas, are featuring to expand the growth of the breast imaging market. Also, the rise in the focus on determining dense breast tissue with these imaging techniques is spurring the demand of the market.

The emergence of the latest technological developments in the medical sector is solely to surge growth opportunities for the market. Rise in the investments from both government and non-government organizations, growing urbanized population, and rising number of research and development institutes to introduce highly featured products are ascribed to bolster the demand of the breast imaging market. A rise in the spending on healthcare, increasing the constructional activities of hospitals with advanced equipment to improve diagnosis and therapeutics procedures are straight impacting the market growth towards positive.

MARKET RESTRAINTS

The cost of installation and maintenance of the devices is a bit expensive, and this has been a major challenging factor for the market developers. Lack of skilled persons in monitoring the systems effectively is slowly restraining the demand of the breast imaging market. The rise in the complexity in real-time applications and system failures are inhibiting the growth rate of this market. Frequent changes in the technologies may also decline the demand for the breast imaging market. These devices' exposure to high radiation where they show adverse effects on the patients is also impeding the growth of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 to 2024

Base Year

2018

Forecast Period

2019 to 2024

Segments Analysed

By Technology and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the Global Breast Imaging Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

Breast Imaging Market Analysis - By Technology:

  • Ionizing Technologies
    • Mammography
    • Digital Mammography
    • 3D Mammography
    • Molecular Breast-Specific Gamma Imaging (MBI/BSGI)
    • Positron Emission Tomography and Computed Tomography (PET-CT)
    • Cone-Beam Computed Tomography (CBCT)
    • Positron Emission Mammography (PEM)
  • Non-ionizing Technologies
    • Breast MRI
    • Breast Ultrasound
    • Automated Whole-Breast Ultrasound (AWBU)
    • Breast Thermography
    • Optical Imaging

Based on technology, the mammography segment accounted for the significant share of the market due to the technological advancements in the mammography instruments, for instance, the introduction of the portable and digital mammography instruments are expected to aid the market growth further. The digital mammography equipment provides advantages such as reduced examination times and space requirement for data storage, consequently leading the tomography segment to witness lucrative growth as compared to other imaging systems.

Regional Analysis:

Regionally, North America held the largest market share due to the increased expenditure in the development of futuristic technologies coupled with the rising awareness amongst patients. Asia Pacific is expected to register the highest CAGR in the coming years. Acquisitions and new product development endeavors in the growing economies of India and China are expected to boost further the growth of the breast imaging market over the forecast period.

In addition to the growth in mature markets, emerging economies such as MEA and Latin America are also expected to witness lucrative growth over the forecast period. Factors such as improvements in the healthcare infrastructure, the rising investment, and the multi-national industrial growth within this region, along with the increase in the number of government initiatives to raise awareness, are driving the market growth in the developing areas.

TOP COMPANIES IN THE MARKET

Notable companies dominating the global breast imaging market are Hologic, Inc., GE Healthcare, Siemens Healthcare, Philips Healthcare, Fujifilm Holdings Corporation, Gamma Medica, Inc., Toshiba Corporation, Sonocine, Inc., Aurora Imaging Technology, Inc. and Dilon Technologies, Inc.

RECENT MARKET DEVELOPMENTS

In 2018, Hologic Inc. made innovations on the 3dimensional mammography system for which it has received approval from food and drug administration.

In 2017, Gamma medical molecular breast imaging (MBI) technology gained assets and intellectual property to expand breast PET imaging (BPI) solutions, and it is acquired by CMR Naviscan Corporation (US).

In 2017, Yokohama development center in Tsurumi Ward, Yokohama, was established by Canon Inc. (Japan), which is before elaborate its operation and business opportunities.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Ionizing Technologies         

                                                5.1.2.1 Mammography

                                                5.1.2.2 Digital Mammography

                                                5.1.2.3 3D Mammography

                                                5.1.2.4 Molecular Breast-Specific Gamma Imaging (MBI/BSGI)

                                                5.1.2.5 Positron Emission Tomography and Computed Tomography (PET-CT)

                                                5.1.2.6 Cone-Beam Computed Tomography (CBCT)

                                                5.1.2.7 Positron Emission Mammography (PEM)

                                5.1.3 Non-ionizing Technologies               

                                                5.1.3.1 Breast MRI

                                                5.1.3.2 Breast Ultrasound

                                                5.1.3.3 Automated Whole-Breast Ultrasound (AWBU)

                                                5.1.3.4 Breast Thermography

                                                5.1.3.5 Optical Imaging

                                5.1.4 Y-o-Y Growth Analysis, By Type     

                                5.1.5 Market Attractiveness Analysis, By Type   

                                5.1.6 Market Share Analysis, By Type     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Hologic Inc.                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 GE Healthcare                           

                8.3 Siemens Healthcare                

                8.4 Philips Healthcare                    

                8.5 Fujifilm Holdings Corporation Gamma Medica Inc.                    

                8.6 Toshiba Corporation                               

                8.7 Sonocine Inc.                             

                8.8 Aurora Imaging Technolog  Inc.,                        

                8.9 Dilon Technologies, Inc.                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms Non-ionizing Technologies with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Breast Imaging Market, By Region, From 2020 to 2025 (USD Million)
  2. Global Breast Imaging Market, By Type, From 2020 to 2025 (USD Million)
  3. Global Ionizing Technologies Market, By Region, From 2020 to 2025 (USD Million)
  4. Global Non-ionizing Technologies Market, By Region, From 2020 to 2025 (USD Million)

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