Global Breast Imaging Market Growth 2022 Growing Rapidly with Recent Developments, Industry Share, Trends, Demand, Revenue, Key Findings and Latest Technology, Forecast Research Report 2031
Kenneth Research, in its repository of market research reports, have recently added a report on the Global Breast Imaging Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Breast Imaging Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Breast Imaging Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global breast imaging market is valued at approximately USD 3.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 12.2 % over the forecast period 2018-2025. Government initiatives promoting the breast cancer screening along with changing lifestyles are some key trends that are responsible for the wide adoption of breast imaging globally.
Global breast imaging market is significantly driven by government efforts to promote the awareness related to breast cancer. According to the National Cancer Control Indicators in 2018, the BreastScreen is an Australia’s National Accreditation Standards (NAS) that aims for 70% or more of women in the target ranger to participate in National Breast Screening Program. Through this, Australian government aims to promote breast cancer screening across the country, Similarly, as per the American Cancer Society (Cancer Action Network) in 2016, the National Breast and Cervical Cancer Early Detection Program is a program for low-income women. Through cooperative agreements with territories, states and tribes the program offer wide range of significant services to lower income women with cancer. Also, this program helps to identify and offer services to hard-to-reach women and enhanced awareness related to breast screening among women.
As a result, the adoption of breast imaging technologies would increase thereby, aiding the growth of the market over the forecast period of 2018-2025. Further, miniaturization and technological advancements in breast imaging technologies offers lucrative growth opportunities for the global breast imaging market globally over the forecast period. However, side effects associated with radiation exposure and errors in breast cancer imaging & diagnosis are the major factors that impede the growth of global breast imaging market.
On the basis of segmentation, the breast imaging market is segmented into technology. The technology segment of global breast imaging market is classified into ionizing and non-ionizing technologies. The ionizing technology segment if further classified into analog mammography, full-field digital mammography, electric impedance tomography, positron emission mammography, 3D breast tomosynthesis, positron emission tomography & computed tomography and MBI/BSGI of which 3D tomosynthesis is expected to emerge as a fastest growing segment owing to its benefits such as higher diagnostics accuracy as compared to other technologies and enhanced efficiency. Further, the non-ionizing technology is sub-segmented into optical imaging, MRI, ultrasound, thermography and automated whole-breast ultrasound.
The regional analysis of breast imaging market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America have occupied major share in the global breast imaging market. Major reasons for the dominance of North America are government initiatives to promote precision medicine and increasing prevalence of breast cancer. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific is witnessed owing to growing awareness of breast cancer & related issues coupled with the increasing investments in healthcare sector.
The leading market players include-
Dilon Technologies, Inc.
Aurora Imaging Technology, Inc.
Fujifilm Holdings Corporation
Gamma Medica, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology Outlook:
Full-field Digital Mammography
Electric Impedance Tomography
Positron Emission Mammography
3D Breast Tomosynthesis
Positron Emission tomography & Computed Tomography
Automated whole-breast Ultrasound
Middle East & Africa
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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Target Audience of the Global Breast Imaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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