The breast imaging market is driven by a combination of factors, including the rising prevalence of breast cancer, increasing awareness about early detection, technological advancements in imaging modalities, and the growing demand for minimally invasive procedures. The market is also influenced by factors such as government initiatives to improve healthcare infrastructure, increasing investments in research and development, and the availability of reimbursement policies for breast imaging procedures. However, the market faces challenges such as high cost of equipment and procedures, and concerns regarding radiation exposure from certain imaging techniques. Additionally, the COVID-19 pandemic has impacted the breast imaging market, with delays in screening and diagnostic procedures due to social distancing protocols and reduced patient visits to healthcare facilities.
Global Breast Imaging Market is estimated to be valued at US$ 3,905.2 million in 2022 and is expected to exhibit a CAGR of 7.6% during the forecast period (2022-2030).
Major Players in the Breast Imaging Industry:
1. GE Healthcare
GE Healthcare was founded in 1892 and is headquartered in Chicago, Illinois. It operates in more than 160 countries and is a leading provider of medical imaging, monitoring, and diagnostics equipment, as well as healthcare IT solutions. In August, 2022 GE Healthcare, a leading global medical technology, diagnostics and digital solutions innovator, today announced its collaboration with Boston Scientific, a global medical device manufacturer, to provide end-to-end innovative interventional cardiac care solutions in India.
2. Siemens Healthcare GmbH
Siemens Healthcare GmbH, a subsidiary of Siemens AG, was founded in 1847 and is headquartered in Erlangen, Germany. It operates in over 70 countries and provides a range of medical imaging and laboratory diagnostics equipment, as well as healthcare IT solutions. In February, 2023 Siemens Healthineers, a leading medical technology company, and Unilabs, a leading diagnostic services provider, announced today a multi-year agreement valued at over €200 million. Unilabs has invested in Siemens Healthineers top-notch technology and will acquire more than 400 laboratory analyzers to further improve its laboratory infrastructure to offer an unparalleled service to its customers.
3. Seno Medical Instruments, Inc
Seno Medical Instruments, Inc. was founded in 2005 and is headquartered in San Antonio, Texas. It is a privately held company that develops and manufactures medical imaging devices for breast cancer diagnosis.
4. Koninklijke Philips N.V.,
Koninklijke Philips N.V., commonly known as Philips, was founded in 1891 and is headquartered in Amsterdam, Netherlands. It operates in more than 100 countries and provides a broad range of healthcare products and solutions, including medical imaging and diagnostic equipment, as well as healthcare IT solutions.
5. Fujifilm Holdings Corporation
Fujifilm Holdings Corporation was founded in 1934 and is headquartered in Tokyo, Japan. It operates in over 100 countries and provides a range of imaging and information solutions, including medical imaging equipment and diagnostic systems. In 2022, FUJIFILM Holdings Corporation announced the release of a new preclinical imaging system, called the In-Vivo Imaging System FX-PRO, which is capable of high-resolution imaging of small animals.
6. Hologic, Inc.
Hologic, Inc. was founded in 1985 and is headquartered in Marlborough, Massachusetts. It operates in over 50 countries and provides a range of diagnostic and medical imaging equipment, as well as surgical and medical products for women's health. In November, 2022 Hologic, Inc. announced that it has been awarded a $19 million contract from the Biomedical Advanced Research and Development Authority (BARDA) to support research and development efforts.
7. Aurora Imaging Technologies, Inc.
Aurora Imaging Technologies, Inc. was founded in 1998 and is headquartered in North Andover, Massachusetts. It is a privately held company that develops and manufactures magnetic resonance imaging (MRI) systems for breast cancer diagnosis.
8. Canon Inc.
Canon Inc. was founded in 1937 and is headquartered in Tokyo, Japan. It operates in over 190 countries and provides a range of products and solutions, including medical imaging and diagnostic equipment. In November, 2022 Canon Medical Systems Corporation announced the release of two new Canon branded X-Ray products1 into the US market – the Mobirex i9 mobile system, and the brand-new CXDI-Elite series of detectors to be shown at RSNA 2022.
9. Dilon Technologies, Inc.
Dilon Technologies, Inc. was founded in 1995 and is headquartered in Newport News, Virginia. It is a privately held company that develops and manufactures medical imaging systems for breast cancer diagnosis.
10. Leica Biosystems Nussloch GmbH
Leica Biosystems Nussloch GmbH, a subsidiary of Danaher Corporation, was founded in 1989 and is headquartered in Nussloch, Germany. It operates in over 100 countries and provides a range of solutions for pathology, including medical imaging and diagnostic equipment.
11. Nussloch GmbH (Danaher)
Nussloch GmbH is a German medical technology company that was founded in 1945. The company is a subsidiary of Danaher Corporation, a global science and technology innovator headquartered in Washington, D.C. Nussloch GmbH specializes in the development, manufacture, and distribution of medical devices and diagnostic equipment for clinical laboratories, hospitals, and research institutions. The company operates in more than 60 countries worldwide, with manufacturing facilities and sales offices in Europe, North America, and Asia.
12. Carestream Health
Carestream Health is a global provider of medical imaging systems and healthcare IT solutions. The company was founded in 2007 and is headquartered in Rochester, New York. Carestream Health offers a wide range of products and services, including X-ray systems, computed tomography (CT) scanners, digital mammography systems, and healthcare IT solutions. The company operates in over 150 countries worldwide, with manufacturing facilities and sales offices in North America, Europe, Asia, and Latin America. In February, 2023 Carestream Health is partnering with Robarts Research Institute to increase and demonstrate the clinical value of digital X-ray, digital tomosynthesis, and dual energy technologies to help improve the outcomes of patients with cardiothoracic and pulmonary diseases.
13. Avante Health Solutions
Avante Health Solutions is a healthcare technology company that provides medical equipment and services to healthcare providers around the world. The company was founded in 1985 and is headquartered in Louisville, Kentucky. Avante Health Solutions offers a range of products and services, including anesthesia machines, ventilators, surgical tables, and patient monitors. The company operates in more than 100 countries worldwide.
*Definition- Breast imaging is a medical technique that uses various imaging technologies, such as mammography, ultrasound, and magnetic resonance imaging (MRI), to examine the breasts for abnormalities, such as cancer or other diseases.
