According to the World Health Organization, breast cancer is among the five most common cancers among women, with an estimated 521,000 deaths recorded in 2012. This rapidly growing prevalence of breast cancer is the key factor driving the global breast imaging market. In its latest report titled “Breast Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, Transparency Market Research states that the value of the worldwide market for breast imaging is likely to rise from US$1.8 bn in 2012 to US$4 bn in 2019, developing at a strong CAGR of 12.0% from 2013 to 2019.
Browse the full Breast Imaging Market (Mammography, Breast MRI, Breast Ultrasound, Tomosynthesis, Nuclear Imaging and Others Breast Thermography & Bioelectric Imaging) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/breast-imaging-technologies.html
Other factors driving the breast imaging market are rise in female geriatric population, economic and infrastructural development in emerging economies, government initiatives to increase awareness among the public, and development of improved and advanced technologies. However, lack of awareness in some countries, stringent regulatory approval procedures, and lack of proper reimbursement coverage is likely to hamper the growth of the breast imaging market.
On the basis of technology, the breast imaging market is segmented into breast ultrasound, tomosynthesis, mammography, breast MRI, nuclear imaging, and others. Among these, tomosynthesis is anticipated to register an impressive CAGR of 18.10% from 2013 to 2019, making it a significant technology of breast imaging. Nuclear imaging is also anticipated to witness strong growth during the forecast period. Mammography is a leading technology segment, especially in the US, where an estimated 44 million women undergo mammography on an annual basis. Of these, 36.0% are referred for a second diagnostic test, very often ultrasound breast screening. This makes breast ultrasound a significant technology segment as well.
Geographically speaking, the global breast imaging market is divided into four main regions: Asia Pacific, Europe, North America, and Rest of the World. In 2012, North America dominated the global market for breast imaging, accounting for 32.60% of the global breast imaging market. Analysts predict that this region will continue leading the worldwide market throughout the forecast period. Europe is the second largest breast imaging market and both these developed regions are driven by presence of a well-organized regulatory structure, greater rate of awareness among patients, and highly developed healthcare infrastructure.
Asia Pacific has been identified as the most lucrative market for breast imaging, registering the highest CAGR from 2013 to 2019. Flourishing medical tourism in countries such as India, Thailand, and China, and improving healthcare infrastructure are the leading factors driving the Asia Pacific breast imaging market.The players featured in the breast imaging market report are GE Healthcare Ltd., Hologic, Inc., Dilon Technologies, Inc., Siemens Healthcare Corp., Aurora Imaging Technologies Inc., FUJIFILM SonoSite, Inc., SonoCine Inc., and Philips Healthcare. These vendors are profiled in the report based on aspects such as recent developments, product portfolio, company overview, financial outlook, business strategies, and SWOT analysis.
Breast Imaging Market, Segmentation based on Technology
- Breast Ultrasound
- Breast MRI
- Nuclear Imaging
Breast Imaging Market, Segmentation based on Geography
- North America
- Rest of the World
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