Increasing Demand, Industry Trends, and Growth Prospects for the Breast Imaging Technologies Market from 2019 to 2028
Breast imaging is a subspecialty of diagnostic radiology which involves a range of imaging procedure to obtain a high resolution visualization of breast tissues and associated diseases. Breast cancer is the most common cancer found in women. Breast imaging techniques play a vital role in early diagnosis of the disease, evaluating the progress of the disease. The early detection of breast cancer can help patient and physician to decide suitable treatment and it also enables doctors to monitor the efficacy of treatment and how patients would respond to it. The current practice of screening is based on mammography, ultrasound, MRI, nuclear imaging and thermography. A screening mammogram can identify the presence of cancer, often before symptoms arise. The American Medical Association (AMA) and the American College of Radiology (ACR) recommend annual mammograms for women over 40.
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BREAST IMAGING TECHNOLOGIES MARKET OUTLOOK
This market is expected to witness
significant growth during the forecast period owing to increase in incidence of
breast cancer worldwide, supportive government initiatives to increase
proactive initiatives by healthcare organizations to raise awareness about
early breast cancer detection.
Breast cancer is the most frequent cancer
among women. As per World Health Organisation Data, breast cancer is impacting
2.1 million women each year. In 2018, it
is estimated that 627,000 women died from breast cancer. The breast cancer mortality
rate is approximately 15% of all cancer deaths among women. While breast cancer
rates are higher among women in more developed regions, rates are increasing in
nearly every region globally.
In addition, launch of technological
advanced modalities such as automated whole breast ultrasound system (AWBU) and
MBI/BSGI) fuel the market growth. However, high cost of breast imaging
technologies and stringent regulatory approval processes are expected to
challenge the breast imaging technologies market growth.
BREAST IMAGING TECHNOLOGIES MARKET SEGMENTAL
OVERVIEW
The global breast
imaging technologies market is segmented by product type and geography.
BREAST IMAGING TECHNOLOGIES MARKET BY
PRODUCT TYPE
Based on product, the market is segmented
into Ionizing Breast Imaging Technologies and Non-ionising Breast Imaging
Technology. The Ionising Breast Imaging
Technologies is further segmented into Mammography, Positron Emission
Tomography-Computed Tomography (Pet-Ct), Molecular Breast Imaging, Positron
Emission Mammography. The Mammography
segment is further sub classified into Full-Field Digital Mammography, Analog
Mammography and 3D Breast Tomosynthesis. The non-ionising technologies include
Breast Ultrasound, Breast MRI, Automated Whole-Breast Ultrasound, Breast
Thermography and Other Breast Imaging Technologies (Optical Imaging, Cone-Beam
Computed Tomography, and Electric Impedance Tomography). The Ionizing breast
imaging modalities are widely adopted for the screening of breast cancer owing
to the technological advancement this type of technologies and growing
awareness about the early screening and diagnosis of breast cancer. Mammography
is the most generally utilized screening instrument for diagnosis and screening
tool for breast cancer. It helps to detect breast cancer at an early stage,
being the most critical instrument in breast cancer diagnosis for women at 40
years old or more.
BREAST IMAGING TECHNOLOGIES MARKET BY
GEOGRAPHY
The breast imaging market is segmented into
four regional segments, namely, North America, Europe, Asia Pacific, and the
Rest of the World.
North America dominated the global Breast
Imaging Technologies market in 2018. The large share of the market is
attributed to the factors such as the rising incidence of breast cancer coupled
with the easy accessibility and high adoption of advanced diagnostic
technologies, significant per capita annual healthcare expenditure in the US
and Canada, and the rapidly increasing geriatric population in the region.
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However, the Asia-Pacific market is
expected to grow at the highest CAGR during the forecast period. A number of
factors, such as the growing patient populace, improving healthcare
infrastructure, rising government spending on breast cancer research studies,
growing healthcare expenditure and implementation of several initiatives to
create awareness about the early detection of breast cancer are expected to
drive the market in the Asia-Pacific region during the forecast period.
BREAST IMAGING TECHNOLOGIES MARKET RECENT
DEVELOPMENTS
January, 2019: Shimadzu Medical Systems USA, a subsidiary of
Shimadzu Corporation, in order to further expand its Healthcare Business in
North America has acquired Core Medical Imaging Inc. (CMI) with its head office
in Kenmore
December, 2018: GE Healthcare launched the Invenia automated
breast ultrasound (ABUS) 2.0 system in the United States. This device is the
only U.S. Food and Drug Administration (FDA)-approved ultrasound supplemental
breast screening technology, according to GE, specifically designed for
detecting cancer in dense breast tissue. When used in addition to mammography,
Invenia ABUS can improve breast cancer detection by 55 percent over mammography
alone.
March, 2018: Philips and Hologic announce
global partnership agreement to provide integrated imaging solutions for
women’s health. This Partnership will allow hospitals easier access to
integrated suites of diagnostic imaging modalities, advanced informatics and
services for comprehensive breast screening and diagnosis
BREAST IMAGING TECHNOLOGIES MARKET KEY
PLAYERS
The major players in Breast Imaging
Technologies includes Hologic, Inc., GE Healthcare, Siemens Healthineers,
HOLOGIC, INC., Philips Healthcare, Aurora Imaging Technology, Inc., FUJIFILM
Holdings Corporation, Toshiba Corporation, Canon Inc., CMR Naviscan Corporation
, Delphinus Medical Technologies, Inc., Inc. , Micrima Limited, Planmed Oy,
SonoCiné, Inc and SuperSonic Imagine
among others
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