Global Breast Imaging Market to Reach US$ 6.8 Billion by 2028, Bolstered by the Increasing Government Initiatives

March 31, 2021 | Healthcare

As per the latest report by IMARC Group, titled “Breast Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global breast imaging market reached a value of US$ 4.2 Billion in 2022. Breast imaging refers to the technique of diagnosing breast cancer through high-resolution images of breast tissues in both males and females. It involves numerous ionizing and non-ionizing technologies to screen, detect, and diagnose the type of cancer, its location, and stage of progression. It also utilizes various imaging procedures, such as screening mammography and breast ultrasound, to check for suspicious tissues and the surrounding auxiliary tissues for the early diagnosis of cancer before the actual symptoms appear.

Global Breast Imaging Market Trends:

The growing incidences of breast cancer are primarily driving the global breast imaging market. Besides this, the increasing awareness regarding the early detection of breast cancer and related diseases is also contributing to the market growth. Furthermore, the World Health Organization (WHO) has identified breast cancer as one of the most prevalent forms of cancer among women. As a result, governments worldwide are taking initiatives and preventive measures to mitigate the risk factors and enhance cancer screening and diagnosis. For instance, the Government of the United Kingdom has launched the “Be clear on cancer” program, which focuses on the early diagnosis of cancer. This has led to a significant rise in the adoption rate of breast imaging procedures across the globe. Moreover, extensive investments in advanced imaging software and hybrid systems, such as automated whole breast ultrasound systems (AWBU) and MBI/BSGI, are also facilitating market growth. On account of these factors, the market value is expected to reach US$ 6.8 Billion by 2028, exhibiting a CAGR of 8.7% during the forecast period (2023-2028).

Market Summary:

Based on technology, the market has been divided into ionizing breast imaging (mammography, positron emission tomography-computed tomography, molecular breast imaging, positron emission mammography, and cone-beam computed tomography), non-ionizing breast imaging (breast ultrasound, breast MRI, automated whole-breast ultrasound, breast thermography, electric impedance tomography and optical imaging).
On the basis of the end-user, the market has been classified into hospitals, diagnostic imaging centers, ambulatory surgical centers, and others.
On the geographical front, major regions include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Allengers Medical Systems Limited, Aurora Health Care Inc. (Schoen Clinic), Canon Inc., Carestream Health Inc. (Onex Corporation), Delphinus Medical Technologies, Dilon Technologies Inc., Fujifilm Holdings Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V., Micrima Limited, Planmed Oy, Siemens Healthineers AG (Cerner Corporation) and Toshiba Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Technology, End-User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Allengers Medical Systems Limited, Aurora Health Care Inc. (Schoen Clinic), Canon Inc., Carestream Health Inc. (Onex Corporation), Delphinus Medical Technologies, Dilon Technologies Inc., Fujifilm Holdings Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V., Micrima Limited, Planmed Oy, Siemens Healthineers AG (Cerner Corporation) and Toshiba Corporation
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Global Breast Imaging Market to Reach US$ 6.8 Billion by 2028, Bolstered by the Increasing Government Initiatives

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