BREAST CANCER DIAGNOSTIC MARKET ANALYSIS

Market Challenges And Opportunities

Increase in the 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 for 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 the 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 the geriatric population offers high growth to the players of the global market. Strikingly, 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, 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.