Breast Imaging Technologies Market Growth Over The Forecast Period 2028
Breast imaging technologies are primarily used for detection of cancer cells in women who may have problems related to their breasts. Breast imaging technologies provide images of a woman’s breast, and help in detection of various breast-related problems. There are various techniques by which breast imaging technologies can provide accurate detection of abnormalities in a woman’s breasts. Primary purpose of breast imaging is to diagnose breast cancer and other breast-related diseases as early as possible. Various types of technologies used in breast imaging comprise of MRI, nuclear imaging, mammography, and breast ultrasound.
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High prevalence rate coupled with increasing incidence of breast cancer across the globe are major factors driving growth of the global breast imaging technologies market. In addition, growing awareness about early detection of breast cancer in developing countries, increasing government investments and funding for breast cancer treatment, rapidly increasing ageing population, and technological advancements in breast imaging technologies are major factors expected to fuel growth of the global breast imaging technologies market over the forecast period.
However, side effects caused due to radiation exposure, and high initial costs for machinery are key factors restraining growth of the global breast imaging market. Additionally, stringent regulatory approval procedures in developed and developing economies, and unfavorable reimbursement scenarios in developing countries are major factors anticipated to hamper growth of the global breast imaging technologies market over the forecast period.
The global breast imaging technologies market report has been segmented on the basis of technologies, and region. On the basis of region, the global breast imaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Currently, the market in North America dominates the global breast imaging technologies market in revenue terms owing to high awareness levels about breast related problems, and presence of appropriate healthcare facilities in countries in the region. The market in Europe accounted for second-highest revenue share in the global breast imaging technologies market, due to high healthcare expenditure by governments of countries, and high disposable income, followed by markets in Asia Pacific, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness robust growth in terms of revenue, owing to increasing incidence of breast cancer, presence of a large patient pool, rise in government initiatives for improvement of healthcare facilities in emerging economies such as China and India.
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Prominent players in the global breast imaging technologies market include Hologic, Inc., GE Healthcare, Siemens Medical Solutions USA, Inc., Koninklijke Philips N.V., FUJIFILM Corporation, Gamma Medica, Inc., Toshiba Medical Systems Corporation, Sonocine, Inc., Aurora Imaging Technology, Inc., and Dilon Technologies, Inc.
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