Growing Awareness to Account the Global Breast Imaging Market at 7.81% CAGR by 2027
“According to a new market research report published by Inkwood Research, the Global Breast Imaging Market is projected to rise at a CAGR of 7.81% throughout the forecasting years of 2019-2027.”
“Browse 25 market Data Tables and 36 Figures spread over 100 Pages, along with an in-depth TOC on Global Breast Imaging Market Forecast 2019-2027.”
The global breast imaging market refers to technology such as ionizing and nonionizing that are used to detect cancer cells in the breast. The market is influenced by the increasing cases of breast cancer and other breast-related diseases like infections, lesions and fibrocystic. Another factor responsible for market growth is the risen awareness of these diseases by the companies in the form of corporate and social responsibility. Among all, Mammography is the most common and popular technology till the date.
3D breast Tomosynthesis: An Emerging technology in the Market
Also known as 3D mammography, Tomosynthesis creates a 3D image of the breasts using X-rays. It can take multiple images in seconds. It assists radiologists in finding critical breast cancers, early cancer signs, and eliminated the need for biopsy and image modulation for conformation. While mammography is the most popular and commonly used technology, it fails to detect certain types of cancer. Tomosynthesis is capable of overcoming certain limitations, which were faced previously. However, it is a relatively new technology and is available in limited hospitals.
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Breast MRI is the Leading Segment of the Global Breast Imaging Market
It uses magnetic fields along with waves and computer to produce a detailed image of the structures within a breast. This technique integrated with mammography and ultrasound can detect early cancer signs and is highly recommended for women with higher cancer risk. It is an expensive technology that can demotivate some patients to use it, especially in developing countries where maximum population belong to low-income groups.
North America is the Leader in the Global Breast Imaging Market
North America holds the largest share in the global breast imaging market. The robust healthcare infrastructure and potential reimbursement facilities encourage the usage of these technologies. The region is undergoing constant incidents of breast cancer, which is further steering demand for breast imaging techniques. The support of the government in strengthening the healthcare sector, rise in the purchasing power will boost the market in this region.
The high cost of production is one of the critical factor restraining the entry of start-ups in the market. There are no external substitutes of these technologies; however, internal alternatives can prove restrictive to market growth. The existing players possess tremendous capital and are engaging in mergers and acquisitions to sustain in the competitive environment. The key players of the market are Aurora Imaging Technology, Inc., Dilon Technologies, GE Healthcare, General Electric Company, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy; with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.