Breast Cancer Diagnostic Market

BREAST CANCER DIAGNOSTIC
MARKET
Global industry insights, Outlook and Opportunity
Analysis, 2017-2025
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REPORT DESCRIPTION
Breast Cancer Diagnostic Market Overview
Breast cancer is characterized by a malignant tumor formed in the breast cells, which can spread
to other parts of the body. Breast cancer is majorly observed in females. Breast cancer is
diagnosed by doctors with the help of several tests to locate the site of initiation and the spread
of the tumor to several parts of the body. Symptoms of breast cancer includes lump in a breast,
change in the shape of breast, skin dimpling, and fluid leakage from the nipple, patches on the
skin, etc. Breast cancer can be developed in normal individuals due to several risk factors that
involves low physical exertion, alcohol consumption, obesity, menopause, family history and
delivering a child at an older age. Breast cancer can be diagnosed at early stages by certain
screening tests like yearly mammograms, CT scans, and MRI. Once the symptoms are visually
detectable, an individual is advised to undergo diagnostic test to confirm the suspects of the
breast cancer. These diagnostic tests are majorly carried out by biopsy in which a small amount
of internal tissue is removed from the patient’s body and observed under the microscope to
diagnose the breast cancer. This diagnostic method can be carried out with the help of several
diagnostic options like that of biopsy, clinical lab tests, ultrasound techniques that are available
in the Breast cancer diagnostic market.
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Alarming rise in incidence of breast cancer augmenting market growth
According to the National Cancer Institute (NCI), 2015, in the U.S. around 232,340 females were
encountered with breast cancer and out of which 39,620 cases were lethal. The data from NCI
also suggests that 22.9% of female cancers in women accounts to breast cancer while, 18.2% of
all the deaths caused due to cancer, contributes to breast cancer.
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REPORT DESCRIPTION
Increase in incidence of breast cancer worldwide is the prime reason for global breast cancer diagnostic
market growth over the forecast period
Regional segmentation of the breast cancer diagnostic market by Coherent Market Insights comprises North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The major reason driving the breast
cancer diagnostic market is the increasing incidence rate of breast cancer all over the globe. The WHO suggests
that 89.7 per 100,000 people in Western Europe are affected by breast cancer per year. Apart from this, certain
factors like increasing awareness among people regarding regular check- ups for early detection of breast
cancer, technological advancement in medical imaging technologies, funding provided by government in
research and development of breast cancer treatment and diagnostic techniques are responsible to fuel the
global market of breast cancer diagnostics. Moreover, the rise in geriatric population offers high growth to the
players of global market. Strikingly, the breast cancer survival rates worldwide are relatively high, making it an
important factor that is responsible to drive the breast cancer diagnostic industry. WHO states that survival
rates are around 80% in North America, Sweden and Japan. However, as the installation cost of breast cancer
diagnostic devices and imaging facilities and side effects of radiation, may result in hindering the growth of the
breast cancer diagnostic market.
In case of regional segmentation, North America contributes highest in the global breast cancer diagnostic
market followed by Europe. The developing countries of the Asia Pacific are potential players in boosting the
global market due to factors like growing population of patients, government investments in healthcare
expenditure and revenues and awareness among people regarding benefits of early detection of breast cancer.
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REPORT DESCRIPTION
GE Healthcare to hold one of the dominating position in the competitive breast cancer
diagnostic market
Major players dominating the global breast cancer diagnostic market involves Hologic Inc., GE
Healthcare, Phillips Healthcare, Fujifilm Holdings Corporation, Gamma Medica Inc., Toshiba
Corporation, Aurora Imaging Technology Inc., and Dilion Technologies Inc. GE Healthcare holds a
very strong position in the global breast cancer diagnostic industry due to their high investment
costs in R&D that results in introduction of advancement in the field.
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