USD 4.4 Billion
Breast Imaging Market Size, Share, and Growth Analysis
Breast Imaging Market By Technology (Ionizing, Non-Ionizing), By Product (Breast Imaging Systems, Software & Services), By End Use (Breast Care Centers, Diagnostic Imaging Centers), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2952 |
Region:
Global |
Published Date: November, 2024
Pages:
194
|Tables:
61
|Figures:
65
Format -
Breast Imaging Market Insights
Breast Imaging Market size was valued at USD 4.4 Billion in 2023 and is poised to grow from USD 4.77 Billion in 2024 to USD 9.17 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
The rising prevalence of breast cancer and advancements in imaging technologies are projected to spearhead the demand for breast imaging across the world. Growing awareness regarding breast cancer, the launch of new initiatives to promote early diagnosis, and growing availability of advanced breast imaging technologies are also expected to drive market growth in the future. Rising demand for personalized medicine and increasing availability of advanced breast imaging procedures are also projected to create new business scope for breast imaging providers going forward. Rising investments in breast cancer research and imaging technology R&D are also expected to open up new avenues of opportunities for breast imaging companies in the long run. On the contrary, radiation exposure concerns, high costs of advanced breast imaging technologies, and lack of standardization of screening guidelines are estimated to be the top restraints for breast imaging market players in the future.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Ionizing
Fastest Growth
Non-ionizing
Growth Rate
8.5% CAGR
Global Breast Imaging Market ($ Bn)
Country Share for North America Region (%)
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Breast Imaging Market Segments Analysis
Global Breast Imaging Market is segmented by Technology, Product, End User, and Region. Based on Technology, the market is segmented into Ionizing (Full-field Digital Mammography, Analog Mammography, Positron Emission Mammography, Electric Impedance Tomography, Cone-Beam Computed Tomography, Positron Emission Tomography & Computed Tomography, 3D Breast Tomosynthesis, and MBI/BSGI), Non-Ionizing (MRI, Thermography, Ultrasound, Optical Imaging, Automated Whole-breast Ultrasound). Based on Product, the market is segmented into Breast Imaging Systems, Software & Services, and Accessories. Based on End User, the market is segmented into Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Technology
The ionizing technology segment is projected to account for a dominant share of the global breast imaging market. Rising investments in the development of novel breast imaging devices working on the ionizing technology principle and growing acceptance of the same are helping the high market share of this segment. Increasing awareness regarding efficacy of breast imaging devices with ionizing technologies is also expected to further cement the high market share of this segment.
However, the non-ionizing technology segment is projected to hold the second-largest share. Devices using this technology are not as popular as devices with ionizing technology, which is why the former will always dominate the market. Increasing investments in the development of new breast imaging solutions using non-ionizing technology will help this segment maintain its position in the global breast imaging market.
Analysis by Technology
Hospitals are projected to spearhead the demand for breast imaging on a global level. Growing availability of novel imaging devices and technologies in hospitals and rising investments of hospitals in novel imaging technology acquisitions are helping this segment maintain a high market share. Moreover, growing investments in hospital infrastructure to provide all healthcare services in-house for patients will also create new opportunities for breast imaging companies going forward.
On the other hand, the demand for breast imaging in diagnostic imaging centers is projected to surge at an impressive pace over the coming years. Growing number of breast cancer patients turning to diagnostic imaging centers for proper diagnosis will help this segment bring in good revenue across the study period and beyond. Availability of advanced breast imaging devices and technologies in diagnostic imaging centers also helps market growth via this segment.
Global Breast Imaging Market By Technology
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Breast Imaging Market Regional Insights
North America is projected to account for a dominant share of the global breast imaging market. High awareness regarding breast cancer and surging incidence of the same are projected to primarily augment the demand for breast imaging in this region. Canada and the United States are forecasted to remain as the most opportune markets for breast imaging companies in this region. The presence of key breast imaging providers and high healthcare expenditure are also expected to help the dominance of this region in the future.
Rapidly increasing awareness regarding breast cancer among women in the Asia Pacific region makes it the fastest-growing market for breast imaging companies going forward. Launch of new initiatives to promote awareness regarding breast cancer, growing availability of advanced breast imaging technologies, and high investments in breast cancer R&D are key factors that make this region a highly opportune one for breast imaging providers. India, China, and Japan are slated to be at the forefront on breast imaging demand outlook in the Asia Pacific region through 2031 and beyond.
Global Breast Imaging Market By Region
- Largest
- Fastest
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Breast Imaging Market Dynamics
Drivers
Advancements in Imaging Technologies
- Growing investments in medical imaging R&D has resulted in the development of novel breast imaging technologies and devices. Rising use of these advanced breast imaging solutions to diagnose and treat breast cancer is projected to boost breast imaging market development going forward.
Growing Awareness Regarding Breast Cancer
- Breast cancer awareness worldwide is increasing quickly due to the launch of new initiatives and efforts of public health organizations. This increased awareness has resulted in higher demand for breast cancer diagnostics and breast imaging is one of the most preferred diagnostic procedures, thereby driving market growth.
Restraints
Radiation Exposure Concerns
- The risk of radiation exposure while using certain breast imaging technologies is quite high and this could lead to adverse effects in women with lower risk of developing breast cancer. These radiation exposure concerns are projected to slow down breast imaging demand in the future.
Lack of Standardized Imaging Guidelines
- The set of rules for breast imaging are not specified or set, which leads to ambiguity and variability in results while using different imaging technologies. This lack of standardization in breast imaging guidelines could slow down sales of breast imaging in the long run.
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Breast Imaging Market Competitive Landscape
Developing affordable and advanced breast imaging solutions that are accessible to all women should be the prime focus of breast imaging providers in the future. Use of advanced imaging technologies and integration of advanced technologies could also help improve diagnosis for breast imaging companies going forward. Breast imaging providers can also unify multiple imaging technologies to create a all-inclusive solution that has the benefits of all imaging technologies.
Top Players in Breast Imaging Market
- GE Healthcare (US)
- Hologic, Inc. (US)
- Siemens Healthcare GmbH (Germany)
- Koninklijke Philips N.V. (Netherlands)
- FUJIFILM Holdings Corporation (Japan)
- Canon Inc. (Japan)
- Aurora Healthcare US Corp (US)
- Allengers (India)
- Dilon Technologies, Inc. (US)
- Planmed Oy (Finland)
- Delphinus Medical Technologies, Inc. (US)
- Micrima Limited (Bristol)
- CMR Naviscan (US)
- Metaltronic S.p.A (Italy)
- CapeRay (South Africa)
- Kub Technologies (US)
- SonoCine (US)
- Imaging Diagnostics Systems, Inc. (US)
- Seno Medical (US)
- Oncovision (Spain)
Recent Developments
- A new diagnostic imaging monitor for breast imaging was launched by Korean electronics giant LG Electronics in July 2024. The 21HQ613D-B recently received an approval for medical imaging use by the United States Food and Drug Administration (FDA) as LG focuses on expanding its B2B medical device business.
- A new mammography system was unveiled by Siemens Healthineers at the European Society of Breast Imaging event in September 2023. The Mammomat Brilliant features new imaging technology and is capable of delivering high resolution images in as little as 5 seconds.
- A new mammography platform powered by artificial intelligence was launched by GE Healthcare in November 2023. MyBreastAI Suite focuses on enhancing breast cancer detection and also streamlining radiology workflow using artificial intelligence technology.
Breast Imaging Key Market Trends
- Use of Artificial Intelligence and Machine Learning: Breast imaging providers can explore the integration of machine learning and artificial intelligence to automate their operations and improve the efficiency and accuracy of their solutions. Use of these advanced technologies will also enhance the breast imaging capabilities for breast imaging companies.
- Development of Portable Breast imaging Solutions: Breast imaging companies can invest in the development of portable solutions to increase the scope of diagnosis and make it more usable in remote locations. This could also help breast imaging companies maximize their revenue generation potential and penetrate underdeveloped and developing countries as well.
Breast Imaging Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising incidence of breast cancer and advancements in imaging technologies are projected to drive the demand for breast imaging over the coming years. However, lack of standardized guidelines for imaging is projected to impede breast imaging adoption in the future. North America is estimated to spearhead breast imaging demand on the back of growing incidence of breast cancer and high healthcare expenditure. Breast imaging companies can expand their business scope by integrating advanced technologies such as machine learning and artificial intelligence with their offerings.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.4 Billion |
| Market size value in 2032 | USD 9.17 Billion |
| Growth Rate | 8.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Breast Imaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Breast Imaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Breast Imaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Breast Imaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Breast Imaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Breast Imaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Breast Imaging Market Report Snapshots
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