Breast Imaging Market Analysis 2020-2023: Key Findings, Regional Study, Trends, Industry Growth, Top Key Players Profiles and Future Prospects
Market Research Future published a research report on " Breast Imaging Market Research Report- Forecast to 2023" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Breast Imaging Market Competitive Landscape:
The global breast imaging market is profiting from impressions created by several companies through strategic moves. These companies are Koninklijke Philips N.V. (Netherlands), General Electric Company (U.K.), Toshiba Corporation (Japan), Hologic, Inc. (U.S.), Siemens (Germany), Dilon Technologies, Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Gamma Medica, Inc. (U.S.), Aurora Imaging Technology, Inc. (U.S.), Sonocine, Inc. (U.S.) and others.
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Breast Imaging Market Overview:
Prevalence of the cancer and other diseases are making it possible for the global breast imaging market to attain a CAGR of 8.5% during the forecast period (2017-2023). Market Research Future (MRFR) in their latest report on the same provided details on factors that could impact the market in the coming years. The breast imaging technology is used to diagnose tumor in breast. Early detection of such growth could help patient fight cancer.
The global breast imaging market is profiting much from the advancements made in the oncology sector. Rising healthcare expenditures is helping the market in expanding its horizon. Increasing awareness is also a major factor to help the market in growth.
On the other hand, lack of awareness and high cost can put obstacles in front of the expected growth rate. It mostly occurs in women and their reluctance to check for cure in developing and poor countries are quite high due to lack of awareness.
Breast Imaging Market Segmental Analysis:
MRFR’s report on the global breast imaging market segments it by type, deployment, application, and end-user.
By type, the breast imaging market can be segmented into mammography, CT, PET, MRI, ultrasound, breast biopsy, tactile imaging and others. The mammography segment includes 3D mammography, full-field digital mammography (FFDM), film-screen mammography, scintimammography or molecular breast imaging, and others. The breast biopsy segment encompasses image-guided breast biopsy, tactic core biopsy, ultrasound-guided core biopsy and others.
By application, the breast imaging market consists breast cancer diagnosis, post-neoadjuvant chemotherapy, metastatic axillary adenocarcinoma, and others. The breast cancer diagnosis segment is contributing considerably owing to growing awareness and high spending capabilities.
Based on the end-user, the breast imaging market includes hospitals, diagnostic centers and others. The hospitals segment is doing good owing to multiple facilities they provide.
Breast Imaging Industry News:
In April 2019, iCAD, Inc. is planning to promote their latest software ProFound AI that would provide significant breast cancer detection service and therapy solutions. The software is ideal for digital breast tomosynthesis (DBT). This would save unnecessary patient recall.
Breast Imaging Market Regional Analysis:
MRFR’s region-specific analysis of the global breast imaging market reveals the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) on the basis of which the report readied its volume-wise and value-wise data.
The Americas is leading the global market and the credit goes to the superior healthcare sector, outstanding research & development sector, high investment capacity, and the high awareness level. At the same time, several market players are from this region owing to which the region benefits the most from their strategic moves. The U.S. has the largest share and rapidly evolving cancer treatment sector is boosting the market dynamics.
In Europe, the market follows features of the Americas quite closely. Increased activities in research & development and major economies such as the U.K. and Germany picking-up provide the market with much gusto. The medical device industry is also burgeoning, especially due to the expansion plans taken up by market giants. At the same time, their innovations are helping much to take the market forward.
In the APAC, the breast imaging market is doing exceptionally good owing to the technological advancement in Japan, China, and India. The revamped medical sector is also helping the market in attracting market players. Cost-affordable labor and availability of resources are providing the region with much traction which is why international players are setting up new units in the region. In addition, the market is quite big owing to which efforts put in by emerging economies in revamping healthcare sector are bearing fruits for the breast imaging market.
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In the Middle East, United Arab Emirates (UAE) stands tall due to its high investment in the healthcare sector. However, African countries are not faring well due to poor economic growth and lack of infrastructure.
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