Breast Imaging Technologies Market Size, Share, Development and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT:
Global Breast Imaging Technologies Market Size, Share, Development,
Growth and Demand Forecast to 2020
Global
Breast
Imaging
Technologies
Market
Size,
Share,
Development, Growth and Demand Forecast to 2020
The global breast imaging technologies market is growing significantly due to technological advancement in the
detection of breast cancer in the industry. Massive unexplored market in breast imaging technologies industry of
developing economies are creating ample opportunities for the breast imaging technologies market to grow at a
considerable rate in the coming years.
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The advanced research and development facilities and new product developments by the companies are
supporting to address the demand for the breast imaging technologies industry. However, strict regulatory
approval procedures, and unfavorable reimbursement policies in the developing countries are posing a challenge
for the growth of the breast imaging technologies market.
Breast cancer is the most common cancer in women. According to International Agency for Research on Cancer
(IARC) and World Health Organization (WHO), globally, approximately 1.7 million new cases of breast cancer
were diagnosed in 2012. As the incidence of breast cancer is increasing significantly, development of improved
technology with less radiation exposure is also expected to support the growth of the breast imaging technologies
market.
On the basis of devices technology, the breast imaging technologies market is categorized as ionizing breast
imaging technologies and non-ionizing breast imaging technologies. Ionizing breast imaging technologies are
further categorized as analog mammography, 3D breast tomosynthesis, positron emission tomography, and
others. Non-ionizing breast imaging technologies devices market is further categorized as breast magnetic
resonance imaging, breast ultrasound, breast theromography, and others. Ionizing breast imaging technologies
dominates the global breast imaging technologies market; whereas, non-ionizing breast imaging technologies is
the fastest growing product category of breast imaging technologies market, due to increasing need for lower
dose of radiation exposure.
Some of the factors driving the global growth of breast imaging technologies market are rise in geriatric
population, increasing prevalence and incidence of breast cancer cases, increasing awareness of early screening
of breast cancer, development of advanced breast imaging technologies, increasing demand for use of minimally
doses of radiation, and increasing government funding and investment for breast cancer treatment and research.
However, high installation cost of breast imaging system, side effects of radiation exposure, government pressure
to reduce the usage of radiation dose, and errors in breast cancer screening and diagnosis are some of the
factors restraining the growth of the breast imaging technologies market to some extent.
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Global
Breast
Imaging
Technologies
Market
Size,
Share,
Development, Growth and Demand Forecast to 2020
Geographically, North America will be leading the global breast imaging technologies market in the coming years
due to technological advancement in breast imaging, rising awareness of early detection of breast cancer and
increasing government initiatives and funding in research and product innovations in the region. Moreover, AsiaPacific is the fastest growing region in the global breast imaging technologies market. The major reasons for the
fastest growth in the region are increasing healthcare expenditure, increasing incidence and prevalence of breast
cancer cases, increasing government initiatives and investment in breast imaging technologies, and improving
healthcare infrastructure in the region. Moreover, the breast imaging technologies market is growing due to
increasing awareness about women health in the emerging countries, such as India and China, of Asia-Pacific
region.
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Some of the companies operating in the breast imaging technologies market are Toshiba Corporation, Aurora
Imaging Technologies, Dilon Technologies, Inc., Gamma Medica, Inc., Sonocine, Inc., Siemens Healthcare,
Philips Healthcare, GE Healthcare, Dune Medical Devices, U-Systems, Inc., and Hologic, Inc.
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Global
Breast
Imaging
Technologies
Market
Size,
Share,
Development, Growth and Demand Forecast to 2020
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The global breast imaging technologies market is growing significantly due to technological advancement in the detection of breast cancer in the industry. Massive unexplored market in breast imaging technologies industry of developing economies are creating ample opportunities for the breast imaging technologies market to grow at a considerable rate in the coming years.