Globally, breast cancer is one of the most commonly diagnosed forms of cancer and is among the leading causes of cancer death in women. Since the last decade, high prevalence of breast cancer has been observed worldwide and the morbidity rate is rapidly growing. The global female population with age more than 40 years and those on hormone replacement therapy (HRT) are at a higher risk of breast cancer, and thus, aging of population is one of the major factors that has increased the incidence rate of breast cancer worldwide.
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Global Breast Imaging Technologies Market to Exhibit 12% CAGR from 2013 to 2019
1. Breast Imaging Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast upto 2019
Transparency Market Research observes that companies operating in the
global breast imaging market will focus on retaining their dominant
stance through strategic mergers and acquisitions in the coming years.
This move is expected to help players expand their geographical reach
and widen their consumer bases. “Product innovation and product
launches will also prove to be critical to the success of these
companies,” states the lead author of this research report.
According to the research report, the global breast imaging market is
expected to be worth US$4.06 bn by 2019, as the market progresses at a
CAGR 12% between the forecast period of 2013 and 2019. The
mammography technique of breast imaging will lead the global market
as it is the most popularly suggested diagnostic test. Analysts predict that
the tomosynthesis technology will also be an emerging technology
segment as it surges at a steady CAGR of 18.1% during the forecast
period. Geographically, North America dominates the global market due
to the adequate development of healthcare infrastructure over the past
few years. The region is anticipated to lead with a CAGR of 9.9% during
the forecast period.
As the morbidity and mortality rate due to breast cancer sprints, several
private and public healthcare organizations are taking serious measure to
improve diagnostics. Research suggests that female population above the
age of 40 years and the ones on hormone replacement therapy (HRT)
remain at a higher risk of breast cancer. Thus, both these factors are
2. propelling the demand for breast imaging solutions across the globe. The
growing pool of the geriatric female population, rising awareness about
the disease, improved life expectancy, and ardent efforts by governments
and non-profit organizations to introduce early diagnosis programs are
anticipated to pivot the uptake of breast imaging technologies.
Browse Full Press Release on Breast Imaging Market:
Amongst the various technologies being used for breast imaging,
mammography is expected to gain an accelerated momentum as the
report indicates that about 44 million women opt for this form of breast
imaging with each passing year in the U.S. alone. Of these, about 36%
are prescribed a second diagnostic test such as an ultrasound breast
screening. Presently, ultrasound has been observed as an accurate
method of detecting cancer amongst women with heavy breasts.
Additionally, breast MRI techniques are also gaining traction as it is
used for detecting a wide range of breast conditions. The high rate of the
resurgence of breast cancer amongst women has also augmented the
demand for positron emission tomography (PET) scan, which is
predominantly used for understanding the seriousness of a recurrent
breast cancer type.
Geographically, North America and Europe breast imaging market retain
their dominant positions through the forecast period due to a strong
healthcare infrastructure. The high level of awareness in the regions is
also anticipated to make a remarkable difference to the growth of this
Press Release
3. market in the aforementioned regions. Analysts predict that Asia Pacific
will also emerge as a significant region in the global market due to a
growing number of breast cancer cases in developing countries of China
and India. Thus, the increase in the rate of screening of breast cancer in
Asia Pacific and the booming medical tourism industry are both
expected to propel the demand for these technologies in the coming few
years.
The global breast imaging market is being hampered due to the stringent
regulatory norms that have slowed down the approval procedures. These
norms have consistently harped on the fact that imaging procedures must
use the lowest possible dosage of radioactive materials to ensure patient
safety. Thus, agencies are focused towards approving only those
products that meet the set standards of safety and efficacy. The market is
also being hampered due to the lack of awareness in developing
countries and economically backward countries.
Some the key companies in the global market are GE Healthcare Ltd.,
Siemens Healthcare Corporation, SonoCine Inc., FUJIFILM SonoSite,
Inc., Aurora Imaging Technologies, Inc., and Philips Healthcare.
This review is based on Transparency Market Research’s report, titled
“Breast Imaging Market (Technology - Mammography, Breast MRI,
Breast Ultrasound, Tomosynthesis, Nuclear Imaging, Breast
Thermography, and Bioelectric Imaging) - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013-2019.”
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