Breast Imaging Market Analysis | CMI

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• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

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BREAST IMAGING MARKET ANALYSIS

• Breast Imaging Market, by Technology (Ionizing
  Breast Imaging Technology (Analog Mammography,
  Full Field Digital Mammography (FFDM), 3D Breast
  Tomosynthesis, Positron Emission Tomography/
  Computed Tomography (PET/CT), Molecular Breast
  Imaging/ Breast Specific Gamma Imaging
  (MBI/BSMI), Positron Emission Mammography,
  Others), Non-Ionizing Breast Imaging Technology
  (Breast MRI (Magnetic Resonance Imaging), Breast
  Ultrasound, Optical Imaging, Automated Whole
  Breast Ultrasound (AWBU), Breast Thermography)),
  by End User (Hospitals, Diagnostic Laboratories,
  Ambulatory Surgical Centers) - Size, Share,
  Outlook, and Opportunity Analysis, 2018 - 2026

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• The global Breast Imaging Market size was valued
  at US 3,150.3 million in 2017, and is expected
  to witness a CAGR of 9.9 over the forecast
  period (2018 2026).

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Figure 1. Global Breast Imaging Market Value
Analysis and Forecast and Absolute Opportunity
(US Mn)
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Market Drivers

• Increasing number of accidents and growing
  geriatric population are expected to drive growth
  of the breast imaging market
• Increasing incidence of breast cancer is expected
  to be a major factor driving growth of the breast
  imaging market during the forecast period.
  According to the breastcancer.org, around 1 in 8
  women develop breast cancer over the course of
  their lifetime. According to the same source, in
  2017, an estimated 252,710 new cases of invasive
  breast cancer are expected to be diagnosed among
  women in the U.S.
• Increasing government initiatives such as
  awareness programs and funding for research and
  development to introduce advanced imaging
  technologies in the market are expected to propel
  the breast imaging market growth
• For instance, in 2013, Avon Foundation, in
  partnership with NCI (National Cancer Institute)
  and the Center for Advancing Innovation funded
  US 250,000 to launch the Breast Cancer Start-up
  Challenge aimed at teams of business,
  engineering, medical/scientific, and computer
  science students, as well as small sized
  entrepreneurs to develop and commercialize
  advanced breast cancer inventions.

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Market Restraints

• However, side effects of radiation and
  installation cost of breast cancer imaging
  devices and facilities may hinder growth of the
  breast imaging market.

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Breast Imaging Market- Regional Analysis

• Regional segmentation of the global breast
  imaging market by Coherent Market Insights
  comprises North America, Latin America, Europe,
  Asia Pacific, Middle East, and Africa.
• North America is expected to hold dominant
  position in the global breast imaging market,
  owing to increasing initiatives by government,
  presence of major players, and early adoption of
  advanced medical technologies in economies such
  as the U.S. and Canada.
• Europe is also expected to show significant
  growth in breast imaging market, owing to
  increasing prevalence of breast cancer among
  women in various economies of this region.
  According to a report by the UNICEF (The United
  Nations Children's Fund), around 41,000 new cases
  of women are diagnosed with breast cancer in
  England annually and become more common cancer
  observed in the women in England.
• Increasing awareness among the populace in Asia
  Pacific, along with a large population base is
  expected to position Asia Pacific as a high
  growth market in the near future. According to
  International Association of Cancer Registries,
  in 2012, over 600,000 new breast cancer cases
  were reported in Asia, accounting for 39 of all
  breast cancers diagnosed worldwide.

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Figure 2 Global Breast Imaging Market Value
(US Mn), By Region
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Key Players

• Key players operating in the breast imaging
  market include Hologic, Inc., General Electric
  Company, Siemens AG, Koninklijke Philips N.V.,
  Fujifilm Holdings Corporation, Gamma Medica,
  Inc., Toshiba Corporation, Sonocine, Inc., Aurora
  Imaging Technology, Inc., and Dilon Technologies,
  Inc.

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Key Development

• Manufacturers are focused on providing innovative
  products and solutions for womens health through
  partnerships or agreements. For instance, in
  March 2018, Philips collaborated with the Hologic
  Inc. to offer combine Hologics innovative
  mammography technologies and Philips leading
  portfolio of ultrasound, MRI, CT, and X-ray
  systems, advanced informatics, and broad range of
  services, including maintenance, upgrade,
  training and operational performance management
  services for screening, diagnosis, and treatment
  of women across the world.
• Moreover, in April 2016, Fujifilm India Pvt Ltd
  collaborated with NM Medical, for the
  installation of Fujifilms 50 Micron 3D
  Mammography machine-a highly advanced breast
  cancer diagnostic machine used to detect breast
  cancer among women at an early stage.

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• Reference https//www.coherentmarketinsights.com
  /market-insight/breast-imaging-market-2040

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About Us

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• What we provide
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• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
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