The global breast imaging market is estimated to be valued at USD 4.46 Bn in 2024 and is expected to exhibit a CAGR of 7.9% during the forecast period (2024-2031). Breast imaging refers to medical imaging techniques used to visually examine the breast in order to screen for or diagnose abnormalities. It allows the detection of breast abnormalities at an early stage, which improves survival rates of breast cancer patients. Key technologies, such as mammography, breast ultrasound, breast magnetic resonance imaging, and others, have advanced significantly in terms of accuracy and affordability. Rising awareness regarding early diagnosis and screening is driving more women across age groups to undergo annual breast imaging tests. Furthermore, continued technological innovations and growing health expenditure are also expected to propel the breast imaging market growth in the coming years.
Market Dynamics:
The global breast imaging market is primarily driven by increasing incidence of breast cancer, rising awareness about early diagnosis, and technological advancements. According to World Health Organization, breast cancer is the most common cancer in women worldwide, with an estimated 2.3 million new cases diagnosed in 2020. Early diagnosis is critical for successful breast cancer treatment. Growing awareness initiatives by governments and NGOs has increased screening rates globally. Additionally, ongoing R&D has led to development of innovative breast imaging modalities like 3D mammography, offering improved lesion detection. However, risks of radiation exposure from breast screening procedures and strict regulatory approval process for new breast imaging devices pose challenges. Nevertheless, untapped emerging markets offer lucrative opportunities for players to further expand the customer reach.
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*Browse 33 market data tables and 29 figures on "Breast Imaging Market” - Global forecast to 2031
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