Breast Imaging Devices Market Poised for Continued Growth, Reaching $4.76 Billion in 2024

Dublin, April 01, 2024 (GLOBE NEWSWIRE) -- The "Breast Imaging Devices Global Market Report 2024" report has been added to's offering.

Market Overview

The global breast imaging devices market is experiencing robust growth, with a forecast to ascend from $4.53 billion in 2023 to an impressive $4.76 billion in 2024, advancing at a compound annual growth rate (CAGR) of 5.1%. This growth trajectory is underpinned by a confluence of factors, including the proliferation of healthcare facilities, burgeoning economic progress across emerging economies, swift advancements in technology, and enhanced emphasis on early detection of breast ailments.

Factors Contributing to Market Expansion

Spearheading the market expansion are the growing global prevalence of breast cancer and the aging female population, which deepen the need for breast imaging solutions. Healthcare sectors are reflecting increased expenditure patterns, notably in the area of breast cancer diagnostics, propelling a surge of interest and investment in state-of-the-art breast imaging devices.

Strategic Developments and Advanced Technologies

Market leaders in the breast imaging devices sector are engaging in strategic initiatives, such as launching innovative, technology-driven products to enhance diagnostic accuracy and patient outcomes. For example, advancements in artificial intelligence (AI) are yielding breakthroughs in opto-acoustic/ultrasound hybrid modalities, delivering precision in distinguishing malignant from benign tissues.

Acquisitions and Partnerships

The market has also witnessed significant acquisition activities, with prominent industry players seeking to fortify their portfolios and broaden their market presence through such strategic maneuvers. These collaborations aim to pool technological resources and expertise to accelerate the advancement and distribution of breast imaging solutions globally.

Market Prospects and Regional Insights

Looking ahead, the breast imaging devices market is forecasted to maintain its growth momentum, anticipated to reach $5.9 billion by 2028 at a CAGR of 5.5%. North America currently stands as the largest regional market, with Asia-Pacific following closely. The relentless dedication to innovation and improvement in diagnostic methodologies continues to chart a vital course for the market's future.

Comprehensive Assessment

The breast imaging devices market report encapsulates a comprehensive analysis of the industry’s current status and future prospects. It covers a diverse array of product types including tomosynthesis, breast ultrasound, breast MRI, mammography, and nuclear imaging, fulfilling the diverse needs of healthcare providers. The increased proclivity towards hospital and diagnostic center applications underlines the market's integral role in healthcare infrastructures worldwide. In conclusion, the breast imaging devices market encompasses a vital segment of the medical device industry, with a growth forecast that attests to its indispensable role in the fight against breast cancer. As the market burgeons, it sustains its commitment to evolving healthcare needs and continues to symbolize the nexus of technological innovation and medical progress.

A selection of companies mentioned in this report includes, but is not limited to:

  • Siemens Healthineers AG
  • Hologic, Inc.
  • GE Healthcare
  • FUJIFILM Holdings Corporation
  • Canon
  • Philips Healthcare
  • Aurora Imaging Technology Inc.
  • Delphinus Medical Technologies
  • Micrima Limited
  • SonoCine Inc.
  • Hitachi, Ltd.
  • QT Ultrasound LLC
  • Trivitron Healthcare
  • Telerad Tech
  • Henan Forever Medical Co., Ltd.
  • Guangzhou Medsinglong Medical Equipment Co., Ltd.
  • Medsinglong Co Ltd
  • Toshiba Corporation
  • Wuhan Darppon Medical Technology Co., Ltd.
  • Koninklijke Philips N.V.
  • Planmed Oy
  • Barco NV
  • Esaote SpA

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