The global breast imaging market size is estimated to be USD 4,386.7 million in 2021 and is expected to witness a CAGR of 7.75% during the forecast period. Advancements in technology, increase in prevalence of breast cancer, growth in number of screenings among patients, and rising awareness for breast cancer among the people are some of the major factors that are expected to boost the global market growth. In addition, increase in the investment in R&D by medical device companies and better reimbursement for patients are some of the other factors that enhance growth during the forecast period. However, stringent government regulations, high prices for imaging devices, and product recalls are some of the factors hindering the market growth.

By Technology

Based on the technology, the market is segmented into the ionizing and non-ionizing breast imaging technologies. In 2021, ionizing was the highest contributor to the global market revenue. The non-ionizing segment is expected to grow at the highest pace during the forecast period. This can be attributed to factors such as the option of having a better anatomical detail for imaging, better sensitivity, precision for imaging of small lesions in women having dense breast tissues, and lower chances of false positives.

By End Users

Based on the end users, the market is categorized into hospitals and clinics, diagnostic imaging centers, breast care centers, and other end users. The growth in this segment can be attributed to factors such as early adoption of imaging devices by hospitals and the clinics, increase in the number of the private imaging centers, establishment of exclusive breast care centers, and development in research, which is helping in the growth in this segment.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This can be attributed to the increase in healthcare expenditure and presence of several prominent manufacturers. Asia Pacific is projected to exhibit the fastest CAGR over the forecast period owing to an increase in healthcare expenditure, rising prevalence of breast cancer in geriatric women, increasing awareness among people, high government spending, and evolving healthcare infrastructure in this region.

Competitor Insights

Some of the key players in the market are GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Hologic, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Canon Inc. (Japan), Allengers (India), Fujifilm Holdings Corporation (Japan), Aurora Healthcare US Corp. (U.S.), Planmed Oy (Finland), Micrima Limited (UK), SuperSonic Imagine (France), CMR Naviscan Corporation (U.S.), Delphinus Medical Technologies, Inc. (U.S.), Carestream Health (U.S.), and SuperSonic Imagine (France). The leading players operating in the industry are adopting various strategies including partnerships, mergers & acquisitions, and new product launches.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021-2029. The breast imaging market report is categorized into the following segments and subsegments:

Breast Imaging Market, By Technology (Revenue, 2021-2029, USD Million)

Breast Imaging Market, By End-User (Revenue, 2021-2029, USD Million)

Breast Imaging Market, By Region (Revenue, 2021-2029, USD Million)

Scope of Breast Imaging Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 15 players 50+ other major players listing
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