Global Breast Imaging Devices Market Size 2024, Forecast To 2033
11 Mar, 2024
The breast imaging devices market size has experienced robust growth in recent years, escalating from $4.53 billion in 2023 to $4.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. This expansion in the historic period can be attributed to factors such as the proliferation of healthcare facilities, economic growth in emerging markets, rapid technological advances, a heightened prevalence of breast cancer, and an aging female population. Looking ahead to 2028, the market is anticipated to continue its upward trajectory, reaching $5.9 billion at a CAGR of 5.5%. The forecasted growth is fueled by an increased focus on early detection of breast diseases, a surge in the use of diagnostic medical imaging, augmented investment and funding for breast cancer treatments, along with notable trends like product portfolio expansion, strategic collaborations, and a growing emphasis on the development of portable devices, photoacoustic breast imaging, augmented reality (AR) for breast imaging, and hybrid imaging technology.
Global Breast Imaging Devices Market Key Driver
The anticipated rise in breast cancer prevalence is set to contribute to the growth of the breast imaging device market. The increasing use of hormone replacement therapies (HRT), hormonal imbalances, menopause, and various reproductive disorders have significantly elevated the risk of breast cancer. According to the World Health Organization (WHO), breast cancer stands as the most common cancer affecting 2.1 million women annually, causing the highest number of cancer-related deaths among women. Notably, the American Society of Clinical Oncology (ASCO) reported in February 2023 that breast cancer diagnoses in the United States account for 1 in 3 new female cancers annually, with an estimated 297,790 women diagnosed with invasive breast cancer and 55,720 with non-invasive (in situ) breast cancer in 2023. Thus, the expected market size for the breast imaging device market is $X billion in 2023, $Y billion in 2024, and an estimated $Z billion in 2028.
Get A Free Sample Of The Global Breast Imaging Devices Market ReportGlobal Breast Imaging Devices Market Segments
The breast imaging devices market covered in this report is segmented –
1) By Product Type: Tomosynthesis, Breast Ultrasound, Breast Magnetic Resonance Imaging (MRI), Mammography, Nuclear Imaging, Other Product Types
2) By Technology: Ionizing, Non Ionizing
3) By End User: Hospitals and Clinics, Breast Care Centers, Diagnostic Imaging Centers
By Geography:The regions covered in the breast imaging devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
North America was the largest region in the breast imaging devices market in 2023. Asia-Pacific was the second largest market in the global breast imaging devices market report. The regions covered in the breast imaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Breast Imaging Devices Industry Players
Siemens Healthineers AG, Hologic, Inc., GE Healthcare, FUJIFILM Holdings Corporation, Canon, Philips Healthcare, Aurora Imaging Technology Inc., Delphinus Medical Technologies, Micrima Limited, SonoCine Inc., Hitachi, Ltd., QT Ultrasound LLC, Trivitron Healthcare, Telerad Tech, Henan Forever Medical Co., Ltd., Guangzhou Medsinglong Medical Equipment Co., Ltd., Medsinglong Co Ltd, Toshiba Corporation, Wuhan Darppon Medical Technology Co., Ltd., Koninklijke Philips N.V., Planmed Oy, Barco NV, Esaote SpA
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Breast Imaging Devices Market Overview
Breast imaging devices refer to medical equipment used to provide screening, diagnostic, surgical, and support services for breast health and cancerous and noncancerous breast disease. The use of these devices is essential in the early detection and treatment of breast cancer.
Breast Imaging Devices Global Market Report 2023 provides data on the global breast imaging devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The breast imaging devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.