BREAST IMAGING MARKET ANALYSIS

Breast Imaging Market Size and Trends

The global breast imaging market is estimated to be valued at USD 4.46 Bn in 2024 and is expected to reach USD 7.59 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

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Significant growth in the women population worldwide along with rising awareness about early breast cancer detection is expected to drive the demand for advanced breast imaging modalities. Further, ongoing technological advancements in breast imaging equipment focused towards improved patient diagnosis and care will support the breast imaging market expansion through 2031. Growing healthcare expenditure across developing nations will further aid the increased adoption of digital mammography and other breast imaging devices. However, high costs associated with digital breast imaging systems and procedures could challenge market growth to some extent over the coming years.

Technological Innovation in Breast Imaging

Mammography is one of the prominent innovations in breast imaging. It is a screening technology that helps decrease the breast cancer mortality rate. Thus, healthcare providers are stepping up to produce screening modalities and products that will help provide better imaging and detect cancer that may replace traditional mammography. Artificial intelligence (AI) is one the most interesting areas of advancement for improving cancer detection and workflow. AI is poised to bring about the next era of groundbreaking advancements in mammography. Moreover, 3-D mammography is a newer breast imagining modality. 3-D mammography helps to improve the performance of mammography in both fatty and dense breasts. For instance, Hologic 3-D mammography, a combined examination of 3-D and 2-D imaging, helps enhance the quality of cancer detection.

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Breast cancer is the most common types of malignancy in women, and one of the three most common cancers worldwide. Spread of breast cancer has become one of the major health challenges in human society. A number of breast cancer screening methods are available in the market. Early detection of breast cancer at initial stage helps to improve survival rate in patients. Thus, the increasing prevalence of breast cancer is likely augmenting the imaging equipment’s. For instance, according to the American Cancer Society's estimates, approximately 287,850 new cases of invasive breast cancer were diagnosed in women in 2022.