Enjoy complimentary customisation on priority with our Enterprise License!
The predicted growth for the breast imaging technologies market share from 2021 to 2026 is USD 2.30 billion at a progressing CAGR of 8.73%.
This breast imaging technologies market forecast report extensively covers segmentations by:
The breast imaging technologies market report offers information on several market vendors, including AURORA HEALTHCARE US Corp., Canon Inc., CMR Naviscan Corp., Delphinus Medical Technologies Inc., Dilon Medical Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., General Medical Merate Spa, Hologic Inc., Koning Corp., Koninklijke Philips NV, MEDI-FUTURE Inc., Metaltronica Spa, Micrima Ltd., Perlong Medical Equipment Co. Ltd., Shenzhen Anke High tech Co. Ltd., Siemens AG, Sino Medical Device Technology Co. Ltd., SonoCine Inc., and Tualatin Imaging PC among others.
Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.
Download the Free Report Sample to Unlock the Breast Imaging Technologies Market Size for the Forecast Period and Other Important Statistics
The focus on early diagnosis and preventive medicine is notably driving the breast imaging technologies market growth, although factors such as lack of knowledge and low adoption of ABUS may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the breast imaging technologies industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Breast Imaging Technologies Market Driver
The focus on early diagnosis and preventive medicine is one of the key drivers supporting the breast imaging technologies market growth. The incidence of chronic diseases, such as breast cancer, has now become high in low and middle-income countries including high-income countries as well. Around four out of 5 deaths are happening due to the occurrence of such chronic diseases in emerging countries. Moreover, projections of future mortality rates and the burden of diseases show that chronic diseases will continue to be the most significant contributor to mortality and disability in high-income countries. Thus, the adoption of early diagnostic measures by health-conscious people and the utilization of advanced ultrasound technology are predicted to lower the mortality rate. This, in turn, will drive the growth of the breast imaging technologies market during the forecast period.
Key Breast Imaging Technologies Market Trend
Growing focus on courses and medical exhibitions for breast imaging products is one of the key breast imaging technologies market trends fueling the market growth. For instance, WORLD CLASS CME released a course on Breast Ultrasound with Tom Stavros in 2019 to understand the use of ultrasound over other techniques concerning breast cancer diagnosis, which is an ongoing program in 2022. The objective of this course is to make the target audience understand the anatomic and histopathologic basis for ultrasound appearances, the appropriate selection of ultrasound equipment for better diagnosis, and the correct classification of small invasive breast cancers while minimizing false-positive ultrasound examinations, among others. Thus, such a growing focus on courses and medical exhibitions for breast imaging will support the breast imaging technologies market growth during the forecast period.
Key Breast Imaging Technologies Market Challenge
Lack of knowledge and low adoption of ABUS is one of the challenges impeding the breast imaging technologies market growth. Many clinicians are unaware of their operational aspects and how to use ABUS to better visualize the cancer-prone area. Hence, they require extensive training concerning their use. Similarly, many end-users do not know about the advantages of opting for ABUS over other diagnostic and imaging systems for breast cancer. People usually opt for mammography for screening, and government programs for breast cancer screening generally use X-ray systems. However, ABUS may be used for dense breast tissues. Similarly, along with mammograms, many clinicians test for breast density using some density assessment software, thereby reducing the need for ABUS. This, in turn, will restrict the growth of the breast imaging technologies market during the forecast period.
This breast imaging technologies market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global breast imaging technologies market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the breast imaging technologies market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the breast imaging technologies market encompasses successful business strategies deployed by the key vendors. The breast imaging technologies market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The breast imaging technologies market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the breast imaging technologies market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
43% of the market's growth will originate from North America during the forecast period. The US is the key market for breast imaging technologies market in North America. Market growth in this region will be faster than the growth of the market in ROW.
The growing number of cancer-specialized hospitals and clinics will facilitate the breast imaging technologies market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, North America was severely impacted by the COVID-19 pandemic. However, the market recovered in 2021 due to the lifting of lockdowns and large-scale vaccination drives. This, in turn, will have a positive impact on the breast imaging technologies market growth during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The breast imaging technologies market share growth by the mammography segment will be significant during the forecast period. As the world population ages, an increasing number of women will reach the age of 60 years and beyond. Nearly 78% of all breast cancer-related fatalities occur in women aged 60 years and above. It has a high incidence and fatality rate in this age range, indicating significant unmet demand for breast cancer diagnostics. Thus, the need for mammography is predicted to rise as the number of occurrences and fatalities increase. This is projected to continue to be a primary driver for the growth of the mammography segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the breast imaging technologies market size and actionable market insights on post COVID-19 impact on each segment.
Breast Imaging Technologies Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.73% |
Market growth 2022-2026 |
$ 2.30 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.32 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 43% |
Key consumer countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AURORA HEALTHCARE US Corp., Canon Inc., CMR Naviscan Corp., Delphinus Medical Technologies Inc., Dilon Medical Technologies Inc., FUJIFILM Holdings Corp., General Electric Co., General Medical Merate Spa, Hologic Inc., Koning Corp., Koninklijke Philips NV, MEDI-FUTURE Inc., Metaltronica Spa, Micrima Ltd., Perlong Medical Equipment Co. Ltd., Shenzhen Anke High tech Co. Ltd., Siemens AG, Sino Medical Device Technology Co. Ltd., SonoCine Inc., and Tualatin Imaging PC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.