Global Breast Imaging Devices Market Forecast To 2023

19 Aug, 2020

The global breast imaging devices market is expected to decline from $3.51 billion in 2019 to $3.46 billion in 2020 at a compound annual growth rate (CAGR) of -1.45%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $5.07 billion in 2023 at a CAGR of 13.56%. The rising prevalence of breast cancer is anticipated to contribute to the breast imaging devices market’s growth. The high cost associated with breast imaging devices is expected to limit the growth of the market in the near future.

Breast imaging devices are medical devices used in the diagnosis of medical conditions related to the breast. Some breast imaging processes include mammography, MRI, and ultrasound.

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The global breast imaging devices market is further segmented based on type and geography. By Product Type: Tomosynthesis, Breast Ultrasound, Breast MRI, Mammography, Nuclear Imaging, Others By Technology: Ionizing, Non-Ionizing By End User: Hospitals and Clinics, Breast Care Centers, Diagnostic Imaging Centers. By Geography: The global breast imaging devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American breast imaging devices market accounts for the largest share in the global breast imaging devices market.

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Trends In The Breast Imaging Devices Market
Major players operating in the breast imaging devices market are undertaking various strategic initiatives such as the launch of technologically advanced or innovative products and product portfolio expansion, which is likely to be a leading trend in the breast imaging market.
Breast Imaging Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides breast imaging devices market overviews, analyzes and forecasts breast imaging devices market size and growth for the global breast imaging devices market, breast imaging devices market share, breast imaging devices market players, breast imaging devices market size, breast imaging devices market segments and geographies, breast imaging devices market trends, breast imaging devices market drivers and breast imaging devices market restraints, breast imaging devices market’s leading competitors’ revenues, profiles and market shares. The breast imaging devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.