What Has Been The Historical And Current Growth Of The Breast Imaging Technologies Market?
The breast imaging technologies market has seen considerable growth due to a variety of factors.
•The market for breast imaging technologies has seen considerable growth in the past few years. The market value is expected to rise from $4.82 billion in 2024 to $5.22 billion in 2025, marking a compound annual growth rate (CAGR) of 8.5%.
This growth in the previous period is due to heightened awareness and screening initiatives, a surge in breast cancer cases, and governmental programs focused on breast cancer awareness.
What Is The Forecast For The Breast Imaging Technologies Market By 2029?
The breast imaging technologies market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for breast imaging technologies is anticipated to experience significant expansion in the approaching years, eventually reaching around "$7.19 billion by 2029 with an 8.3% compound annual growth rate (CAGR).
This expected growth during the forecast period can be credited to the adoption of 3D mammography (tomosynthesis), increasing preference for minimally invasive procedures, emphasis on women's health and precision medicine, as well as widening applications in research and clinical examinations, and patient-centred practices. Key trends projected in this period encompass advancements in imaging technology, the development of AI integration, extended use of molecular breast imaging, the application of contrast-enhanced imaging, alongside multimodal imaging methods.
What Are The Essential Drivers Behind The Growth Of The Breast Imaging Technologies Market?
The rise in breast cancer cases is anticipated to spur the growth of the breast imaging technologies market. Breast cancer is a disease that originates in the cells of the breast in women, forming tumors when these cells mutate and proliferate uncontrollably. Breast imaging technologies are chiefly employed for early detection, diagnosis, and staging of breast cancer, when the disease is most responsive to treatment. For example, in November 2023, Susang Komen For Cure, a non-profit organization based in the US, projected that there would be 297,790 new incidents of invasive breast cancer among American women. Consequently, the rising incidence of breast cancer is fuelling the expansion of the breast imaging technologies market.
How Is The Global Breast Imaging Technologies Market Divided Into Key Segments?
The breast imaging technologies market covered in this report is segmented –
1) By Imaging Technique: Mammography, Breast Ultrasound, Breast MRI, Image Guided Breast Biopsy, Positron Emission Tomography, Other Imaging Techniques
2) By Technology: Ionizing Breast Imaging Technology, Non Ionizing Breast Imaging Technology
3) By End User: Hospital, Diagnostic Imaging Centre, Other End Users
Subsegments:
1) By Mammography: Digital Mammography, 3D Mammography, Film Mammography
2) By Breast Ultrasound: Handheld Ultrasound, Automated Breast Ultrasound, Contrast-Enhanced Ultrasound
3) By Breast MRI: Breast MRI With Contrast, MRI-Guided Biopsy
4) By Image Guided Breast Biopsy: Stereotactic Biopsy, Ultrasound-Guided Biopsy, MRI-Guided Biopsy
5) By Positron Emission Tomography (PET): PET Or CT For Breast Imaging, PET Or MRI For Breast Imaging
6) By Other Imaging Techniques: Thermography, Optical Imaging, Molecular Breast Imaging
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What Trends Are Reshaping The Future Of The Breast Imaging Technologies Market?
One of the top emerging trends in the breast imaging technology industry is product innovation. Leading players are focusing on introducing novel technologies to enhance their diagnostic capabilities and maintain their market standing. Notably, in November 2022, US-based Seno Medical released its Imagio OA/US Breast Imaging System. This technology combines functional and anatomical breast imaging through laser optics and grayscale ultrasound. The opto-acoustic imaging displays a unique blood map within and surrounding breast lumps while the ultrasound imaging provides a traditional anatomical view. The results of several studies comparing this innovation to conventional diagnostic imaging show that it could be exceptionally beneficial for radiologists to either confirm or rule out cancer. The system also features a computational component that assists with BI-RADS classifications and operates with artificial intelligence (AI).
Who Are the Key Players in the Breast Imaging Technologies Market?
Major companies operating in the breast imaging technologies market include:
• Fujifilm Holdings Corporation
• GE Healthcare Technologies Inc.
• Hologic Inc.
• Koninklijke Philips N.V.
• Siemens Healthineers AG
• Aurora Healthcare US Corp.
• Canon Inc.
• Koning Corporation
• Toshiba Corporation
• Sonocine Inc.
• Agfa-Gevaert N.V.
• Allengers Medical Systems Ltd.
• Aspect Imaging Ltd.
• Bruker Corporation
• Carestream Health
• CMR Naviscan Corporation
• Delphinus Medical Technologies Inc.
• Esaote SpA
• General Medical Merate SpA
• Dilon Technologies Inc.
• Smart Breast Corporation
• Gamma Medica Inc.
• Micrima Limited
• Tualatin Imaging P.C.
• Leica Biosystems Nussloch GmbH
• Planmed Oy
• Metaltronica S.p.A
• SuperSonic Imagine
• Women's Diagnostic Center of America LLC
What are the Regional Insights into the Breast Imaging Technologies Market?
North America was the largest region in the breast imaging technologies market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global breast imaging technologies market report during the forecast period. The regions covered in the breast imaging technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
