Press Release-Breast Imaging Market to Reach 5,632.59 USD Million by 2028
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Breast Imaging Market to Reach 5,632.59 USD Million by 2028
The Global Breast Imaging Market is expected to reach 5,632.59 USD Million by 2028, growing at a CAGR of 7.60% from 2022 to 2028. The increasing incidences of breast cancer along with the increasing public-private investments, funding, and grants is anticipated to augment the growth of the market during the forecast period.
Key Findings:
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The increasing prevalence of breast cancer across the globe is anticipated to augment the growth of the Breast Imaging Market in the years to come. This is owing to the increasing alcohol consumption, being obese, especially after menopause, physical inactivity, and getting hormone therapies, among others. As per the estimations by National Cancer Institute, in the United States, the rate of new breast cancer cases in females was 129.1 per 100,000 women per year and the death rate was 19.9 per 100,000 women per year based on 2014–2018 cases and 2015–2019 deaths. Further, the estimated new cases in 2021 for the United States were 281,550, and the percent of all new cancer cases was 14.8% and estimated deaths in 2021 were 43,600, and the percent of all cancer deaths was 7.2%. As seen, the number of breast cancer cases is increasing and hence the demand for breast imaging techniques is also expected to increase in near future. Further, the growing awareness regarding early detection of breast cancer and the growing aging population is also expected to propel market growth in the near future.
However, the high cost of breast imaging systems along with stringent regulatory approval procedures is expected to hamper the growth of the market in the years to come. Moreover, the emergence of contract-based diagnostic solutions and mobile solutions along with other technological advancements in breast imaging modalities is expected to create immense opportunities for the growth of the market within the forecast period.
North America held the largest shares in 2021. The US held the largest share in North America for the Breast Imaging Market. This is attributable to the rising incidences of breast cancer in the region. Furthermore, the presence of advanced healthcare infrastructure and reimbursement facilities over medical treatments in the region is also expected to fuel the regional growth of the market. Additionally, increasing healthcare expenditure in the region is also expected to support the growth of the Breast Imaging Market market in the region.
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Breast Imaging Market to Reach 5,632.59 USD Million by 2028
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