Molecular Breast Imaging Market Poised for Growth: USD 1.4 Billion by 2033, at a CAGR of 4.7% | FMI Study

Molecular Breast Imaging Market

The fight against breast cancer is gaining momentum with advancements in diagnostic tools. The global Molecular Breast Imaging Market is estimated to reach a substantial USD 1.4 billion by 2033, reflecting a projected Compound Annual Growth Rate (CAGR) of close to 4.7% from 2023. This upsurge signifies the growing recognition of MBI’s role in early detection, particularly for women with dense breast tissue.

Molecular breast imaging (MBI) is a novel nuclear medicine approach that provides high-resolution functional pictures of the breast using tiny semiconductor-based -cameras in a mammographic configuration. MBI is a reasonably straightforward procedure that may be completed within 5 minutes after injection. MBI offers a high sensitivity for identifying tiny breast lesions, with an overall sensitivity of 90% in individuals with suspected breast cancer, according to studies.

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Tumor detection is determined by tumor size rather than tumor type. MBI and breast-specific imaging studies have shown equal sensitivity to breast MRI. Efforts have been undertaken over the last decade to improve existing imaging techniques, such as digital tomosynthesis and 3D whole-breast ultrasonography, or to create novel imaging modalities, such as breast CT, vibro-acoustography, or positron emission mammography (PEM).

In general, the market for molecular breast imaging is likely to expand more in the coming next years. This market provides people with a cheap and rapid way to diagnose illness.

Molecular Breast Imaging Market Key Takeaways:

• By modality, dual head cameras accounted for a prominent share in the global market, with a valuation of US$ 519.9 Billion in 2022. Dual-head molecular breast imaging captures images in craniocaudal, medial, and lateral regions.
• With a valuation of US$ 480.1 Million in 2022, the screening application accounted for a significant portion of the global market. MBI is a sensitive imaging technique for screening breast cancer in dense breast tissue, with a lower false-positive rate, improving early detection and potentially saving lives.
• Hospitals held the prominent end-user market share in the global market in 2022, growing rapidly with a CAGR of 4.3% in the predicted period. Hospitals use advanced imaging for accurate breast cancer detection, conducting clinical trials and research.
• North America maintained the predominant regional position in the global molecular breast imaging market in 2022, with a revenue share of 34.5%. MBI offers low false-positive rates, good recall, quick interpretations, low cost, minimal contraindications, and strong negative predictive value, making the US a prominent market for molecular breast imaging in North America.

Molecular Breast Imaging Market Competition

The molecular breast imaging market has several players making it a highly competitive market for players. Leading players constantly look out new tactics to maintain their foothold on the global market share. These include collaborations with healthcare institutes for new research programs and mergers or divestments to continue strengthening their portfolio among many others.

• In April 2023, Canon Inc., Canon Medical Systems Corporation, and the National Cancer Center Japan conducted a clinical research using the first Japanese-produced PCCT system to develop new diagnostic methods, improving radiation exposure, pathological detectability, and precise identification of body materials.
• In November 2022, GE HealthCare, a spin-off, showcases 40 AI-driven solutions to address healthcare challenges, including next-generation MRI, SIGNA Experience platform, Revolution Apex CT, and Theranostics’ precision prostate cancer care. These solutions aim to scan more patients with less waste, improve patient outcomes, and enhance patient quality of life.

Key Companies Profiled:

• Koninklijke Philips N.V. (Netherlands)
• Hitachi Ltd. (Japan)
• Siemens Healthcare GmbH (Germany)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• General Electric (US)
• Aspect Imaging Ltd (Israel)
• Bruker (US),
• Aurora Health Care (US)
• FONAR Corp. (US)
• ESAOTE SPA (Italy)
• Neusoft Corporation (China)
• TOSHIBA CORPORATION (Japan)
• Sanrad Medical Systems Private Limited (India)
• FUJIFILM Holdings Corporation (Japan)
• ONEX Corporation (Canada)
• Hologic, Inc. (US)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Imaging Diagnostic Systems, Inc. (US)
• Agfa-Gevaert Group (Belgium)
• Koning Health (China)

Molecular Breast Imaging Market Segments:

By Modality:

• Single Head Gamma Camera
• Dual Head Camera

By Application:

• Screening
• Diagnosis

By End User:

• Hospital
• Diagnostic Imaging Centers
• Breast Cancer Care

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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