Breast Imaging Market Is Expected To Reach USD $7.3 Billion By 2024: Grand View Research, Inc.
The global breast imaging market is expected to reach USD 7.3
billion by 2024, according to a new report by Grand View Research, Inc. The
increasing incidences of breast cancer coupled with the continual product
improvements being launched and the numerous R&D innovation initiatives
being undertaken in the field of cancer are expected to collectively boost the
growth of the market over the forecast period.
In 2012, the WHO estimated that around 53.0% of the global
women population (1.8 billion women) is anticipated to suffer from breast
cancer over their lifespan. This alarmingly rising rate is expected to be the
preliminary driver for this market over the forecast period.
The rising base of the geriatric population is another high
impact rendering driver of the breast imaging market. A study by the NCBI
(National Center for Biotechnology Information) stated that the incidence of
breast cancer is higher in patients above the age group of 45.
Increasing expenditure on R&D coupled with government
funding are the other vital factors expected to trigger market growth over the
forecast period. In 2013, the National Institute of Health, in the U.S.
provided a grant amounting to USD 5.6 billion to conduct research on breast
cancer. Digital mammography is one of the technologies gaining popularity as
compared to other technologies, which is expected to positively reinforce this
market’s growth.
However, the high cost of the existing imaging systems
coupled with the stringent regulatory policies governing the approval of new
products and marketing are predicted to slowdown growth.
Browse full research report on Global Breast Imaging Market: http://www.grandviewresearch.com/industry-analysis/breast-imaging-equipment-market
Further key findings from the study suggest:
- The 3D
tomosynthesis segment is identified as the fastest growing segment. This
technology offers enhanced efficiency and higher diagnostic accuracy in
comparison to other available technologies, which is expected to aid
market growth.
- North
America is likely to dominate throughout the forecast period with a
revenue share of over 30.0% by 2024.Government initiatives including the precision
medicine initiative, started by President Obama in 2015, promotes the
development of personalized medicine, which is anticipated to foster
market growth.
- Asia
Pacific is anticipated to grow at the fastest rate of12.0% over the
forecast period. The Increasing number of investments in the healthcare
sector coupled with the rising awareness of breast cancer and other
associated conditions is anticipated to propel the market growth in this
region.
- Some
major players of the market are Siemens Healthcare, GE Healthcare, Dilon
Technologies, Inc., Hologic, Inc., Gamma Medica, Inc., Fujifilm Holdings
Corporation, SonoCine, Inc., Philips Healthcare, Toshiba Corporation, and
Aurora Imaging Technology, Inc.
- In
order to gain a competitive advantage in the market, the key industry
players are adhering to mergers, acquisitions and collaborative
agreements. For instance, in January 2016, Gamma Medica, Inc. entered into
a contract with Alpha Imaging Technology Corp. for the commercialization
of its new product, Luma GEM.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/medical-imaging
http://www.grandviewresearch.com/industry/medical-imaging
Grand View Research has segmented Breast Imaging market
on the basis of technology and region.
Global Breast Imaging Market Technology Outlook (Revenue,
USD Million, 2013 – 2024)
- Ionizing
technology
- Full-Field
Digital Mammography
- Analog
Mammography
- Positron
Emission Mammography
- Electrical
Impedance Tomography
- Cone
Beam Computed Tomography
- Positron
Emission Tomography & Computed Tomography
- 3D
Breast Tomosynthesis
- Molecular
breast imaging/breast-specific gamma imaging (MBI/BSGI)
- Non-ionizing
technology
- Breast
MRI
- Breast
Thermography
- Breast
Ultrasound
- Optical
Imaging
- Automated
Whole-Breast Ultrasound
Breast Imaging Market Regional Outlook (Revenue, USD
Million, 2013 – 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Argentina
- MEA
- South
Africa
- Saudi
Arabia
.Access press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-breast-imaging-equipment
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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