Breast Imaging Market worth .6 billion by 2028
The Breast Imaging Market is projected to reach USD 6.6 billion by 2028, experiencing a CAGR of 8.5% from 2023 to 2028. The report titled “Breast Imaging Market by Technology (Ionizing, Non-ionizing), Product (Breast Imaging Systems, Software and Services, Accessories), End User (Hospitals and Clinics, Diagnostic Imaging Centers, Breast Care Centers) – Global Forecasts to 2028” highlights the key factors driving this market’s growth, including rising awareness campaigns, increasing public-private investments, and lucrative opportunities in emerging markets.
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Over the forecast period of 2023-2028, the non-ionizing breast imaging technologies segment is expected to register significant growth. This segment surpasses the ionizing breast imaging technologies segment, which accounted for the highest market share in 2022.
In terms of product, the software & services segment held the largest share of the breast imaging market in 2022. It is also projected to exhibit the highest CAGR during the forecast period. The market growth is fueled by factors such as the increasing installation of advanced software and the introduction of novel software solutions.
Among the various end users, hospitals and clinics accounted for the largest market share in 2022. The growth of this segment is driven by the consistent rise in the adoption of advanced instruments that support early detection in different healthcare settings.
The Asia Pacific region is expected to witness the highest growth in the breast imaging market from 2023 to 2028. Key market players are actively expanding their manufacturing capabilities in the APAC region. The adoption of high-end equipment is consistently increasing in this region, providing significant growth opportunities for these players.
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As of 2022, notable players in the breast imaging market include GE Healthcare (US), Hologic, Inc. (US), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), and FUJIFILM Holdings Corporation (Japan).
Mr. Aashish Mehra
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