The global market for breast imaging equipment is expected to reach USD 4,638.1 million by 2020, growing
at an estimated CAGR of 12.2 % from 2014 to 2020, according to a new
study by Grand View Research, Inc. Growing global female geriatric
population base, implementation of programs by government and healthcare
organizations in order to provide early diagnosis and growing patient
awareness levels coupled with sophisticated healthcare infrastructure are expected to drive the market growth
during the forecast period. In addition, introduction of various
healthcare reforms, government support and funding is expected to boost
the demand for breast imaging equipment.
Mammography dominated the overall
product market in terms of revenue in 2013 and was valued at USD 1,057.7
million. Its large share is accounted for by factors such as relatively
low radiation exposure and technological advancement in the product
segment such as digital and portable mammography equipment. Introduction
of digital mammography has led to reduction in examination time, easy
transfer of information to remote locations and reduction of storage
space requirements
coupled with the benefit of using various tools to manipulate images.
Breast MRI accounted for the second largest revenue share in 2013, owing
to the fact that MRI provides information about breast tissue density, providing which has been made mandatory by National Institute of Health.
The report “Breast Imaging Equipment Market By Product
(Tomosynthesis, Breast Ultrasound, Breast MRI, Mammography, Nuclear
Imaging, Bioelectric Imaging, Breast Thermography) Analysis And Segment
Forecasts To 2020,” is available now to Grand View Research customers
and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/breast-imaging-equipment-market
Further key findings from the study suggest:
• North America was the largest regional
market in 2013, accounting for over 32.5% of global revenue due to the
presence of high patient awareness levels, high healthcare expenditure
and sophisticated healthcare infrastructure.
• Asia Pacific expected to grow at the fastest CAGR of above 14% from 2014 to 2020. Increasing radiology equipment digitalization owing to rising healthcare IT systems penetration rates, introduction of 12th five year plan in China with various healthcare reforms and increasing population leading to prevalence of breast cancer patients coupled with increasing awareness programs and high patient awareness levels are some of the factors accounting for its rapid growth.
• Key industry participants of this market include Siemens Healthcare Corp., Philips Healthcare, SonoCine Inc., Hologic Inc., Fujifilm SonoSite Inc., GE Healthcare Ltd and others.
• Asia Pacific expected to grow at the fastest CAGR of above 14% from 2014 to 2020. Increasing radiology equipment digitalization owing to rising healthcare IT systems penetration rates, introduction of 12th five year plan in China with various healthcare reforms and increasing population leading to prevalence of breast cancer patients coupled with increasing awareness programs and high patient awareness levels are some of the factors accounting for its rapid growth.
• Key industry participants of this market include Siemens Healthcare Corp., Philips Healthcare, SonoCine Inc., Hologic Inc., Fujifilm SonoSite Inc., GE Healthcare Ltd and others.
For the purpose of this study, Grand
View Research has segmented the breast imaging equipment market on the
basis of product and region:
• Breast Imaging Equipment Product Outlook
• Mammography
• Breast Ultrasound
• Breast MRI
• Tomosynthesis
• Nuclear Imaging
• Other Breast imaging methods
• Bioelectric Imaging
• Breast Thermography
• Breast Imaging Equipment Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
• Mammography
• Breast Ultrasound
• Breast MRI
• Tomosynthesis
• Nuclear Imaging
• Other Breast imaging methods
• Bioelectric Imaging
• Breast Thermography
• Breast Imaging Equipment Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a market research and consulting
company that provides off-the-shelf, customized research reports and
consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals,
materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research
provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone:
1-415-349-0058
Email: sales@grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone:
1-415-349-0058Email: sales@grandviewresearch.com
