Breast Imaging Market Set to Boom at 7.1% CAGR, Reaching US$8.5 Billion by 2032 | FMI Study

Breast Imaging Market

The Breast Imaging Market is gearing up for a significant expansion, driven by the growing emphasis on early breast cancer detection. According to industry projections, the market is anticipated to reach a staggering US$8.5 billion by 2032. This translates to a promising Compound Annual Growth Rate (CAGR) of 7.1%, surging from an estimated US$4.3 billion in 2022. This upward trend highlights the crucial role of advanced breast imaging technologies in diagnosing breast cancer at its earliest stages.

Technological improvements, the rising prevalence of breast cancer, the increasing number of screening programs, and the increasing number of conferences and symposiums concentrating on spreading awareness about the advantages of early screening and diagnosis are all driving Global Breast Imaging Industry growth along with global Breast Imaging Industry adoption trends.

The rising breast imaging markets, increasing government and private investments to support the increasing demand for breast imaging, and a better reimbursement picture are likely to provide Global Breast Imaging Industry participants with a wide variety of Global Breast Imaging Industry key trends and opportunities prospects.

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The National Cancer Institute conducts and encourages the development of recommendations for different organizations. Breast cancer is one of the most common causes of mortality among women.

As mammography is the standard procedure for screening breast cancer, governments and other healthcare organizations all over the world are taking steps to ensure that women have access to mammography screening. The global demand for breast imaging and mammography is expanding as a result.

There have been a lot of developments in the area that reduce over-diagnosis and improve sensitivity to identify tiny carcinomas. These ongoing improvements in this discipline are projected to boost the Global Breast Imaging Industry‘s mammography segment.

The development and increased usage of improved mammography machines with novel technology are fueling the Global Breast Imaging Industry’s future trends.

The Asia Pacific area is a prominent revenue generator in the breast imaging market. The rising prevalence of breast cancer, rising healthcare expenditure, an increase in the number of breast cancer awareness programs, and high government spending on breast cancer research studies in several Asia Pacific countries are the major factors driving the Asia Pacific Global Breast Imaging Industry opportunities.

Breast Imaging Market KEY TAKEAWAYS:

• In the United States, the breast imaging market is estimated to reach US$ 3.1 Billion by 2032, increasing at a CAGR of 6.9% through 2032.
• The breast imaging market in the United Kingdom is expected to be worth US$ 350.3 Million by 2032, with a CAGR of 5.9% through 2032.
• China’s breast imaging market is expected to reach US$ 613.6 Million by 2032, with a CAGR of 6.4% through 2032.
• The market for breast imaging in Japan is expected to be valued at US$ 494.9 Million by 2032, expanding at a 5.4% annual rate through 2032.
• South Korea is expected to reach a market size of US$ 308.8 Million in breast imaging by 2032, with a CAGR of 5.0% through 2032.
• The breast imaging market’s ionizing breast imaging segment from the technology category is predicted to develop at a CAGR of 7.0% through 2032.
• By 2032, the hospitals & clinics sector in the breast imaging market’s end-user category will grow at a CAGR of 7.0%.

Breast Imaging Market COMPETITIVE LANDSCAPE:

New market research report on Breast Imaging says that Hologic, Inc., GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Canon Inc., Aurora Healthcare US Corp., Allengers, Dilon Technologies, Inc., Planmed Oy, Delphinus Medical Technologies, Inc., Micrima Limited, CMR Naviscan Corporation, SuperSonic Imagine, and Carestream Health., are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the Global Breast Imaging Industry, including breast imaging market growth, breast imaging market share, breast imaging market adoption trends, and important market strategies.

Recent Development in the Breast Imaging Market:

• Densitas Inc. announced a collaboration with Mammography Educators, LLC in November 2020 to build an artificial intelligence-powered telehealth technologist training platform that would promote business continuity in mammography clinics.
• Hologic, Inc. announced the commercial availability of 3DQuorum Imaging Technology powered by Genius AI in Europe in October 2020. According to the company’s disclosures, the 3DQuorum Imaging Technology uses Genius AI-powered analytics to reconstruct high-resolution 3D data. This technology aids in lowering picture interpretation time.

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Breast Imaging Market Key Segments

By Technology:

• Ionizing Breast Imaging
  • Mammography
  • Positron Emission Tomography-Computed Tomography (PET-CT)
  • Molecular Breast Imaging (MBI)
  • Positron Emission Mammography (PEM)
  • Cone-beam Computed Tomography (CBCT)
• Non-ionizing Breast Imaging
  • Breast Ultrasound
  • Breast MRI
  • Automated Whole-breast Ultrasound (AWBU)
  • Breast thermography
  • Electric Impedance Tomography
  • Optical Imaging

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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