Global Breast Imaging Market to Reach US$4.06 billion by 2019

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Global Breast Imaging Technologies Market to
Exhibit 12% CAGR during 2013-2019 due to
Improved Technologies with Reduced Radiation
Exposure
According to a recent market research report published by Transparency Market Research, the
global breast imaging technologies market is estimated to expand robustly at a CAGR of 12.0%
during the period between 2013 and 2019. The report, titled “Breast Imaging Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” projects the global
breast imaging technologies market to be worth US$4.06 bn by 2019. The overall market stood
at a valuation of US$1.84 bn in 2012.
Breast cancer is one of the topmost developing cancer types in women across the world. As the
incidence of breast cancer keep aggravating, there is an urgent concern amongst both medical
practitioners and patients to innovate devices and technologies that can detect it before it proves
to be fatal. According to the WHO, increasing urbanization and poor lifestyle choices are the
main reasons for the growing number of breast cancer cases across the world. Though there are a
few preventive measures, early detection is the best possible way to increase the survival chances
of the patient and enable the patient to live a near-normal life again.
Breast cancer refers to a malignant tumor that starts in the cells of breast. The malignant tumor
starts invading surrounding tissues or spreads to distant areas of body. While breast cancer is
common among women, men can also get affected. When diagnosed early, the survival chances
of patients are high. The treatment methods such as chemotherapy, radiation, and surgery to be
administered depend on the stage of cancer.
The global breast imaging market is developing at a rapid pace on account of high incidence of
breast cancer across the globe. Women over 40 years of age are more susceptible to breast
cancer, therefore, the rise in the geriatric population base is expected to fuel the growth of the
breast imaging market significantly in the coming years.
The research report provides a comparative analysis of the global breast imaging market,
including qualitative as well as quantitative evaluation of each segment of this market. The study
also assesses the market dynamics and prevalent trends such as the growth drivers, limitations,
and prospects influencing the current performance and the future status of this industry.
The report points out that the growing prevalence of breast cancer and aging demographics have
boosted the growth of the global breast imaging technologies market. A number of initiatives
taken by governments and private organizations to spread awareness about breast cancer have
also augmented the market growth. However, stringent regulatory approval procedures and the
lack of reimbursement coverage will play spoilsport in the growth of the market during the
forecast horizon. Lack of awareness about breast cancer, especially across the developing
economies will also hamper the market growth. The overall market has a huge opportunity to
grow with the development of improved technologies with reduced radiation exposure. The
report further analyzes the impact of Porter’s five forces on the growth of the market during the
forecast period.
Browse Full Research Report on Breast Imaging Market:
http://www.transparencymarketresearch.com/breast-imaging-technologies.html
On the basis of technology, the report segments the global breast imaging technologies market
into tomosynthesis, breast ultrasound, mammography, breast MRI, nuclear imaging, and others
including breast thermography, and bioelectric imaging. Mammography utilizes low-intensity X-
rays to develop two-dimensional images of breast tissues. In 2012, the demand for
mammography was the highest, followed by breast MRI. In the U.S. alone, around 44 million
women undergo mammography every year. During the forecast horizon, tomosynthesis is
estimated to register a CAGR of 18.1% and nuclear imaging is also expected to witness
significant growth.
The report studies the breast imaging technologies market across four key regions: North
America, Europe, Asia Pacific, and Rest of the World. In 2012, North America dominated the
entire market and held 32.6% of the market. The rapid growth of the market in North America
can be attributed to the highly developed healthcare infrastructure. Though North America is
currently the undisputed leader in the market, during the forecast horizon, Asia Pacific is
expected to register a significant growth. Rapidly developing medical tourism market and
improving healthcare infrastructure will propel the growth of the market in Asia Pacific.
Describing the competitive landscape, the report profiles some of the key players in the global
breast imaging technologies market such as FUJIFILM SonoSite Inc., Hologic Inc., Aurora
Imaging Technologies Inc., Dilon Technologies Inc., SonoCine Inc., Philips Healthcare, GE
Healthcare Ltd., and Siemens Healthcare Corp. It provides insightful information about the key
players including their product segmentation, recent developments, and business strategies. The
U.S.-based Hologic Inc. dominated the overall market in 2013. A number of strategic
partnerships and agreements, and new product launches have contributed towards the company’s
growth in the market.
Global Breast Imaging Technologies Market has been segmented as:
Key segments of the breast imaging market based on technology:
Mammography
Breast Ultrasound
Breast MRI
Tomosynthesis
Nuclear Imaging
Others
Browse Full Press Release on Breast Imaging Market:
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