Global Breast Imaging Technologies Market

Global Breast Imaging Technologies Market Size, Share, Growth Analysis, By Type of Imaging Technique(Mammography, Breast Ultrasound), By End-User(Hospitals, Diagnostic Centers), By Type of Imaging Technique(Ionizing Breast Imaging (Mammography {Full-field digital mammography, 3D breast tomosynthesis) - Industry Forecast 2022-2028


Report ID: SQSG35G2012 | Region: Global | Published Date: November, 2022 | Pages: 172

Global Breast Imaging Technologies Market Insights

The Global Breast Imaging Technologies Market size was valued at USD 4.04 Billion in 2021, and it is expected to reach a value of USD 7.01 Billion by 2028, at a CAGR of 8.20% over the forecast period (2022 - 2028).

Breast imaging is a diagnostic radiology subspecialty that involves the imaging of breasts for diagnostic or screening purposes. Breast imaging technologies are used to analyze the tissues of women's breasts in order to diagnose breast cancer and other breast-related diseases. Some of the most popular breast imaging examinations include mammograms, breast magnetic resonance imaging (MRI), and breast ultrasound. In addition, for the diagnosis of breast cancer, computed tomography (CT) and position emission tomography (PET) is recommended. Mammography is a type of breast imaging that uses low-dose X-rays to detect cancer in its early stages before symptoms appear.

Market snapshot

Global Market Size

USD 4.04 Billion

Largest Segment

Mammography

Fastest Growth

Mammography

Growth Rate

8.20% CAGR

Global Breast Imaging Technologies Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Breast Imaging Technologies Market Size By Type of Imaging Technique, 2021-2028 ($ Bn)
Global Breast Imaging Technologies Market Size By Type of Imaging Technique, 2021-2028 (%)

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Global Breast Imaging Technologies Market Segmental Analysis

The Global Breast Imaging Technologies Market is segmented on the basis of Type of Imaging Technique, End-User, And Region. Based on the Type of Imaging Technique, the market is segmented into Ionizing Breast Imaging (Mammography {Full-field digital mammography, 3D breast tomosynthesis, analog mammography}, Positron Emission Tomography-computed tomography, positron emission mammography, molecular breast imaging, cone-beam computed tomography) and Non-ionizing breast imaging (breast ultrasound, breast MRI, breast thermography, automated whole-breast ultrasound, electric impedance tomography, and optical imaging).Based on the Type of Imaging Technique, the market is segmented into Mammography, Breast Ultrasound, Breast MRI, Image-Guided Breast Biopsy, Position Emission Tomography (PET), and Other Imaging Techniques. Based on the End-User, the market is segmented into Hospitals, Diagnostic Centers, and Others. Based on the Region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Type of Imaging Technique

In 2021, the mammography segment held the most lucrative share of more than 30% of the global breast imaging technologies market. The segmental growth of the market is attributed to the increased awareness among people regarding the early diagnosis and treatment of breast cancer and other disorders. For an instance, the United States Preventive Services Task Force has created various mammography screening guidelines for early diagnosis and treatment of breast cancer. Further, the growing geriatric population and rising prevalence of breast cancer will drive up the demand for mammography. According to the American Cancer Society, there were approximately 8,130 new cases of ductal carcinoma in situ (DCIS) and 37,150 new cases of invasive breast cancer among females aged 40 to 49 years in the United States in 2019. As the incidence of breast cancer rises, the demand for mammography is likely to be increased in the upcoming years.

Analysis by End-User

In 2021, the hospital segment held the most lucrative share of more than 40% of the global breast imaging technologies market. The segmental growth of the market is attributed to the increased preference of the people for hospital care. The dominance of hospitals is supported by increased investments in healthcare infrastructure development, more purchasing power, the availability of well-equipped operating and diagnostic rooms, and better health coverage for hospital-based healthcare services. Hence, such aforementioned factors are likely to contribute to the segmental growth of the market during the forecast period.

Global Breast Imaging Technologies Market, By Type of Imaging Technique, 2021 (%)

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Global Breast Imaging Technologies Market Regional Insights

The Global Breast Imaging Technologies Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, the Asia-Pacific region is projected to hold the most substantial share of the market. The regional market is likely to be driven by the rising prevalence of breast cancer, rising healthcare spending, an increase in the number of breast cancer awareness initiatives, and significant government spending on breast cancer research studies in the emerging economies of the region such as China and India. According to GLOBOCAN 2018, Asia recorded a total of 911,014 new breast cancer cases in 2018, which is anticipated to increase to 229,650 by the end of 2030. Such increased prevalence of breast cancer cases is likely to encourage the adoption of various breast imaging technologies and hence contribute to the growth of the market during the forecast period.

Global Breast Imaging Technologies Market By Geography, 2021-2028
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Global Breast Imaging Technologies Market Dynamics

Driver

  • The key factor that drives the industry growth includes the rising prevalence of breast cancer among women and increased demand for the early diagnosis and treatment of breast cancer. For instance, according to Breastcancer.org, approximately 281,550 new invasive breast cancer cases were detected in women in the United States in 2021. Furthermore, according to the same source, 1 in every 8 US women develops invasive breast cancer during her lifetime. Hence, an increase in the prevalence of breast cancer is likely to encourage the adoption of breast imaging technologies for the early diagnosis and treatment of breast cancer.
  • Another major aspect that drives the industry growth includes increasing approval for breast imaging technologies developed by the companies. For instance, in April 2021, Seno Medical's Imagio P200003 breast imaging system, which is used to examine breast tissue, has been authorized by the US Food and Drug Administration (FDA). It aids in the diagnosis of breast lesions by physicians. Such approvals by the government organizations such as US FDA and others are likely to accelerate the overall growth of the market in the upcoming years.

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Global Breast Imaging Technologies Market Competitive Landscape

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.

Top Players Company Profiles

  • Hologic, Inc. (US)
  • GE Healthcare (US)
  • Siemens Healthineers (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • Fujifilm Holdings Corporation (Japan)
  • Canon Inc. (Japan)
  • Aurora Healthcare US Corp. (US)
  • Allengers (India)
  • Dilon Technologies, Inc. (US)
  • Planmed Oy (Finland)
  • Delphinus Medical Technologies, Inc. (US)
  • Micrima Limited (UK)
  • CMR Naviscan Corporation (US)
  • SuperSonic Imagine (France)
  • Carestream Health (US)

Recent Developments

  • In April 2022, DetectedX and GE Healthcare announced an educational partnership to enhance access to DetectedX's Radiology Online Learning Platform, with the goal of fostering global excellence in diagnostic accuracy. The online self-assessment modules, designed to increase radiologists' ability to correctly diagnose breast lesions in 2D and 3D mammography, have been proven to cut recall rates and improve cancer detection by more than 34%.

Global Breast Imaging Technologies Key Market Trends

  • One of the key trends in the global breast imaging technologies market is the integration of advanced technologies such as artificial intelligence with breast imaging techniques. Artificial intelligence aids in the optimization of workflows for faster and more accurate detection. Radiologists can find more malignancies using artificial intelligence instead of analyzing a big amount of 3D screening data. The use of artificial intelligence in breast imaging is gaining traction around the world.
  • Increasing trends in personalized medicines are also likely to contribute to industry growth. Genetic testing is commonly used to personalize predictions of disease risks or susceptibility. The trend of a customized approach to breast cancer screening is developing among individuals all over the world, attributing to the growing research in the field of diagnostic imaging. This significantly contributes to the growth of the market during the forecast period.

Global Breast Imaging Technologies Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, by type of imaging techniques, the mammography segment is projected to hold a dominating share during the period. By end users, the hospital segment is projected to hold a dominating share during the period. In 2022, the Asia-Pacific region is projected to hold the most substantial share of the market and it is anticipated to maintain its dominance throughout the forecast period.

Report Metric Details
Market size value in 2021 USD 4.04 Billion
Market size value in 2028 USD 7.01 Billion
Growth Rate 8.20%
Base year 2021
Forecast period 2022 - 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type of Imaging Technique
    • Mammography, Breast Ultrasound, Breast MRI, Image-Guided Breast Biopsy, Position Emission Tomography (PET), Other Imaging Techniques
  • End-User
    • Hospitals, Diagnostic Centers, Others
  • Type of Imaging Technique
    • Ionizing Breast Imaging (Mammography {Full-field digital mammography, 3D breast tomosynthesis, analog mammography}, Positron Emission Tomography-computed tomography, positron emission mammography, molecular breast imaging, cone-beam computed tomography) and Non-ionizing breast imaging (breast ultrasound, breast MRI, breast thermography, automated whole-breast ultrasound, electric impedance tomography, and optical imaging)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Hologic, Inc. (US)
  • GE Healthcare (US)
  • Siemens Healthineers (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • Fujifilm Holdings Corporation (Japan)
  • Canon Inc. (Japan)
  • Aurora Healthcare US Corp. (US)
  • Allengers (India)
  • Dilon Technologies, Inc. (US)
  • Planmed Oy (Finland)
  • Delphinus Medical Technologies, Inc. (US)
  • Micrima Limited (UK)
  • CMR Naviscan Corporation (US)
  • SuperSonic Imagine (France)
  • Carestream Health (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Breast Imaging Technologies Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Breast Imaging Technologies Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Breast Imaging Technologies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Breast Imaging Technologies Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Breast Imaging Technologies Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Breast Imaging Technologies Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

The Global Breast Imaging Technologies Market size was valued at USD 4.04 Billion in 2021, and it is expected to reach a value of USD 7.01 Billion by 2028, at a CAGR of 8.20% over the forecast period (2022 - 2028).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.'Hologic, Inc. (US)','GE Healthcare (US)','Siemens Healthineers (Germany)','Koninklijke Philips N.V. (Netherlands)','Fujifilm Holdings Corporation (Japan)','Canon Inc. (Japan)','Aurora Healthcare US Corp. (US)','Allengers (India)','Dilon Technologies, Inc. (US)','Planmed Oy (Finland)','Delphinus Medical Technologies, Inc. (US)','Micrima Limited (UK)','CMR Naviscan Corporation (US)','SuperSonic Imagine (France)','Carestream Health (US)'

The key factor that drives the industry growth includes the rising prevalence of breast cancer among women and increased demand for the early diagnosis and treatment of breast cancer. For instance, according to Breastcancer.org, approximately 281,550 new invasive breast cancer cases were detected in women in the United States in 2021. Furthermore, according to the same source, 1 in every 8 US women develops invasive breast cancer during her lifetime. Hence, an increase in the prevalence of breast cancer is likely to encourage the adoption of breast imaging technologies for the early diagnosis and treatment of breast cancer.

One of the key trends in the global breast imaging technologies market is the integration of advanced technologies such as artificial intelligence with breast imaging techniques. Artificial intelligence aids in the optimization of workflows for faster and more accurate detection. Radiologists can find more malignancies using artificial intelligence instead of analyzing a big amount of 3D screening data. The use of artificial intelligence in breast imaging is gaining traction around the world.

The Global Breast Imaging Technologies Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, the Asia-Pacific region is projected to hold the most substantial share of the market. The regional market is likely to be driven by the rising prevalence of breast cancer, rising healthcare spending, an increase in the number of breast cancer awareness initiatives, and significant government spending on breast cancer research studies in the emerging economies of the region such as China and India. According to GLOBOCAN 2018, Asia recorded a total of 911,014 new breast cancer cases in 2018, which is anticipated to increase to 229,650 by the end of 2030. Such increased prevalence of breast cancer cases is likely to encourage the adoption of various breast imaging technologies and hence contribute to the growth of the market during the forecast period.

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