The global breast imaging market was valued at $1.84 billion in 2012. It is projected to grow at a CAGR of 12% from 2013 to 2019 and will reach an approximated value of $4.06 billion in 2019.
Breast imaging technology involves the capturing of breast tissue images that aid in diagnosing and screening breast cancer. Of the different techniques used, mammography is considered to be the standard method used to screen breast tissues. Breast ultrasound and breast MRIs are used as combination methods with mammography for a more descriptive and clear image of the breast tissues.
Current strides in the breast imaging market have created digitized and computer assisted breast cancer detection. These improvements in technology have also created an easier method of reading and a consequent accuracy in diagnosing the disease and deciding the treatment. All the negative impacts of conventional methods of breast imaging such as exposure to radiation, pain and discomfort are all negated by the new digital methods including bioelectric imaging, breast MRIs and nuclear imaging.
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Breast Imaging Market Segmentation
The breast imaging market is broadly classified according to the technologies used, including:
- Breast ultrasound
- Breast MRI
- Nuclear imaging
- Bioelectric imaging
Mammography includes the use of X-rays to create two dimensional images of breast tissues. A market study points out that 44 million women in the United States take a mammography test and about 36% of them are requested to take the diagnostic tests. Most of these women undergo breast ultrasound screening. Ultrasound is considered to be a more popular option to detect abnormalities in women with dense breasts. Breast MRI technology utilizes magnetic waves to capture images of the breast tissue. Breast ultrasound techniques use sonic waves for imaging purposes.
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About Breast Cancer Imaging Technology
Globally speaking, breast cancer has become one of the most commonly diagnosed forms of cancer. It is now one of the leading causes of cancer death in women. The high prevalence of breast cancer in women worldwide is creating a higher morbidity rate. Women above 40 and especially those who have undergone hormone replacement therapy are at a higher risk of breast cancer. The global population is currently at an ageing level, with a major percentage of the population above 35. This creates a larger rate of women getting diagnosed with breast cancer.
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The international Prevention Research Institute (iPRI) states high income countries have a greater chance of women being diagnosed with breast cancer in the early stages. High level of health awareness and better facilities to get tested are the prime causes for this. On the other hand, countries with low income families have a greater chance of women being diagnosed with breast cancer in the later stages. This has caused the governments of most developing countries to pay closer attention towards generating a better solution to help more women test themselves at an earlier stage when the cancer can be cured. The factors of an increasing pool of female geriatric population, increased life expectancy, general increase in awareness and the installation of early diagnosis programs by governments and non-profit healthcare organizations are the biggest reasons that aid the growth of the breast imaging market.
In conclusion, women in developed countries have better access to healthcare facilities and therefore can get early diagnosis of breast cancer. The growth in the breast imaging market is directly related to the instances of breast cancer found in patients. Due to the rapid increase in number of cases on a global scale, the breast imaging market is undergoing a sea change that will help make techniques precise, faster and more effortless.