Global Breast Imaging Technologies Market size was valued at USD 4.70 billion in 2022 and is poised to grow from USD 5.10 billion in 2023 to USD 9.79 billion by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).
As of October 2023, breast imaging continues to emerge as a vital subfield within diagnostic radiology, crucial for the early detection and diagnosis of breast cancer and related diseases. Key technologies employed include mammograms, breast MRIs, and ultrasounds, which meticulously analyze breast tissues for any anomalies. Among these, mammography remains the most prevalent method, utilizing low-dose X-rays to identify cancer at its earliest stages, even prior to symptom manifestation. Additionally, advanced imaging techniques like computed tomography (CT) and positron emission tomography (PET) are incorporated for more comprehensive cancer assessments. With growing awareness of breast health, the market for breast imaging technologies is poised for expansion, emphasizing the importance of early detection in improving patient outcomes.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Breast Imaging Technologies market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Breast Imaging Technologies Market Segmental Analysis
Global Breast Imaging Technologies Market is segmented by technology, product, end use and region. Based on technology, the market is segmented into ionizing breast imaging technologies and non-ionizing breast imaging technologies. Based on product, the market is segmented into hollow breast imaging systems and software and services, accessories. Based on end use, the market is segmented into hospitals and clinics, diagnostic imaging centers, breast care centers and other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Breast Imaging Technologies Market
The Global Breast Imaging Technologies market is primarily driven by the rising incidence of breast cancer among women, coupled with an increasing demand for early diagnosis and intervention. For instance, Breastcancer.org reported around 281,550 new cases of invasive breast cancer in the United States in 2021, highlighting that 1 in 8 women will face this diagnosis in their lifetime. This growing prevalence motivates the adoption of advanced breast imaging technologies for timely detection and treatment. Additionally, the expanding approvals of innovative imaging systems, such as Seno Medical's Imagio P200003, authorized by the FDA in April 2021, further propels market expansion as these advancements enhance physicians' diagnostic capabilities.
Restraints in the Global Breast Imaging Technologies Market
Global Breast Imaging Technologies must adhere to stringent safety and effectiveness standards established by regulatory bodies to ensure patient welfare. The company is obligated to invest in ongoing research and development to stay at the forefront of technological advances in breast imaging, while also focusing on training medical personnel adequately on the use of their equipment. Furthermore, they are required to maintain data privacy and security for patient information, ensuring compliance with local and international laws. Additionally, ethical marketing practices must be upheld to avoid misleading healthcare professionals and patients regarding the capabilities of their imaging technologies.
Market Trends of the Global Breast Imaging Technologies Market
A significant trend shaping the global breast imaging technologies market is the increasing integration of advanced technologies, particularly artificial intelligence (AI), which enhances diagnostic accuracy and workflow efficiency. AI algorithms assist radiologists by analyzing extensive 3D screening data, enabling quicker identification of malignancies and reducing the risk of human error. This technological advancement fosters a more precise diagnostic environment, leading to improved patient outcomes. As healthcare systems worldwide recognize the benefits of AI in breast imaging, its adoption is rapidly gaining momentum, driving innovation and investment in the sector, thereby reshaping the landscape of breast cancer detection and management.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technological Advancement
Regulatory Landscape
Patent Analysis
Case Studies
Global Breast Imaging Technologies Market Size by Technology & CAGR (2024-2031)
Market Overview
Ionizing Breast Imaging Technologies
Full-Field Digital Mammography (FFDM)
Analog Mammography
3D Breast Tomosynthesis
Contrast-Enhanced Mammography (CEM)
Positron Emission Mammography (PEM)
Positron Emission Tomography and Computed Tomography (PET-CT)
Molecular Breast Imaging/Breast-Specific Gamma Imaging (MBI/BSGI)
Cone-Beam Computed Tomography (CBCT)
Non-Ionizing Breast Imaging Technologies
Breast Ultrasound
Breast MRI
Automated Whole-Breast Ultrasound (AWBU)
Breast Thermography
Electric Impedance Tomography
Optical Imaging
Global Breast Imaging Technologies Market Size by Product & CAGR (2024-2031)
Market Overview
Hollow Breast Imaging Systems
Software and Services
Accessories
Global Breast Imaging Technologies Market Size by End Use & CAGR (2024-2031)
Market Overview
Hospitals and Clinics
Diagnostic Imaging Centers
Breast Care Centers
Other
Global Breast Imaging Technologies Market Size & CAGR (2024-2031)
North America (Technology, Product, End Use)
US
Canada
Europe (Technology, Product, End Use)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific (Technology, Product, End Use)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America (Technology, Product, End Use)
Brazil
Rest of Latin America
Middle East & Africa (Technology, Product, End Use)