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Breast Imaging Market Is Expected to Reach USD 9,263.4 Million by 2034 And Grow at A CAGR of 6.5% | FMI Inc.

The rising breast imaging markets, increasing government and private investments to support the increasing demand for breast imaging, and a better reimbursement picture is likely to provide breast imaging market participants with a wide variety of breast imaging market key trends and opportunities prospects.

NEWARK, Del, Aug. 15, 2024 (GLOBE NEWSWIRE) — The

Competitive Landscape

Key players in the breast imaging market are focusing on the development of cutting-edge and highly efficient products to enhance reliability and performance. Many leading companies are also pursuing strategic partnerships and acquisitions to broaden their geographical reach and bolster their market share.

Recent Industry Developments in Breast Imaging

  • April 2024: Hologic, Inc. entered into a definitive agreement to acquire Endomagnetics Ltd (Endomag), a private firm specializing in breast cancer surgery technologies. This acquisition aims to enhance Hologic’s geographical footprint.
  • September 2023: Siemens Healthineers AG introduced the Mammomat B.brilliant, a new mammography system unveiled at the European Society of Breast Imaging annual congress. This system features a unique 50° wide-angle capabilities, the largest available in the market.
  • November 2023: GE HealthCare launched the MyBreastAI Suite, an integrated platform designed to streamline the breast imaging workflow. This new offering enhances GE HealthCare’s product lineup and strengthens its market position.

Leading Companies in the Breast Imaging Market:

  1. HOLOGIC, INC.
  2. GE HEALTHCARE
  3. SIEMENS HEALTHCARE
  4. KONINKLIJKE PHILIPS N.V.
  5. FUJIFILM HOLDINGS CORPORATION
  6. CANON INC.

Key Segments of the Breast Imaging Market:

By Technology:

In terms of Technology, the industry is divided into ionizing breast imaging (mammography, positron emission tomography-computed tomography (PET-CT), molecular breast imaging (MBI), positron emission mammography (PEM), and cone-beam computed tomography (CBCT)) and non-ionizing breast imaging (breast ultrasound, breast MRI, automated whole-breast ultrasound (AWBU), breast thermography, electric impedance tomography and optical imaging)

By End User:

In terms of end user, the industry is segregated into hospitals & clinics, diagnostic imaging centers, breast care centers, and other end users

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.

Old Source of – Breast Imaging Market to reach USD 8.5 Billion by 2032 – Future Market Insights, Inc.

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Have a Look at the Related Report from the Breast Imaging Market:

The global breast cancer drug market size is expected to be valued at US$ 10,733.1 million in 2023. The increasing prevalence of the disease, along with evolving novel therapies, are some of the key factors likely to drive the market. Early detection of breast cancer is key to the effective management of the disease. The overall demand for breast cancer drugs is projected to grow at a CAGR of 1.1% between 2023 and 2033, totaling around 12,012.1 million by 2033.

Global demand for the breast biopsy devices market is set to display growth at a CAGR of about 5.5% from 2022 to 2032, with an estimated market valuation to be around US$ 2.1 Billion as of 2022.

The global breastfeeding accessories market is projected to have a rapid-paced CAGR of 6.45% during the forecast period. The current valuation of the market is US$ 2.36 Billion in 2022. The market value of the breastfeeding accessories market is anticipated to reach a high of US$ 4.42 Billion by the year 2032.

The global sales of breast lesion localization device is estimated to be worth USD 360.9 million in 2024 and are anticipated to reach a value of USD 593.5 million by 2034. Sales are projected to rise at a CAGR of 5.1% over the forecast period between 2024 and 2034.

According to estimates, the breast pump market will be valued at US$ 1,827.00 million in 2023. The market is expected to reach US$ 2,672.30 million by 2033, developing at a CAGR of 3.90%.

The global molecular breast imaging market was valued at US$ 846.7 Million in 2022 and is expected to reach US$ 1.4 Billion by 2033

The optical imaging market share is estimated to show consistent growth throughout the forecast period, expanding at a CAGR of 4.7%. The optical imaging market value is expected to expand from US$ 1,465.4 million in 2024 to US$ 2,319.6 million by 2034.

The automated breast ultrasound systems market is estimated to capture a valuation of US$ 1.95 billion in 2023 and is projected to reach US$ 7.23 billion by 2033. The market is estimated to secure a CAGR of 14% by 2033.

The global specific imaging solution market enjoys a valuation of US$ 380.8 Million in 2022, and it is further projected to expand at a CAGR of 6.5% over the forecasted years.

The magnetic resonance imaging (MRI) market is expected to increase steadily to USD 6214 million by 2024. The market is expected to reach USD 9376.7 million by 2034. A CAGR of 4.2% is predicted over the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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