Breast Imaging Market

Breast Imaging Market Size by Technology (Ionizing Breast Imaging, Non-ionizing Breast Imaging), Type (Mammography, Breast Ultrasound, Breast MRI, Biomarkers, Positron Emission Mammography, Image-Guided Breast Biopsy), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12500
  • Published Date: Oct, 2021
  • Pages: 215
  • Category: Healthcare
  • Format: PDF
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Global breast imaging market is estimated to reach USD 6.36 billion by 2028, at a CAGR of 11.1% from 2021 to 2028. Global breast imaging market is witnessing a considerable growth owing to increasing awareness about breast cancer across the globe. 

Market Overview:

Breast imaging is a sub branch of diagnostic radiology, which involves a range of imaging procedures, including screening mammography, diagnostic mammography, breast tomosynthesis, MRI, and breast ultrasound. The purpose of breast screenings and imaging are to find breast cancers at an early stage. Regular mammograms lower the chances of breast cancer - 14% in ages 50-59 and 33% in ages 60-69. With the increasing incidences and high prevalence rate of breast cancer among the women across the globe, have risen the need for breast imaging technologies. 

The practice of breast imaging has undergone a range of technological advances from direct-exposure film mammography, xeromammography, screen-film mammography to the contemporary digital breast tomosynthesis and full-field digital mammography. These organized screening and technologic advances have enabled to shape the speciality of breast imaging. With the development of breast magnetic resonance imaging and breast ultrasonography, both complimentary to mammography, high-risk subgroups of women disease have emerged. Nowadays, the breast imaging practice also involves breast interventional procedures—both diagnosis procedures to guide surgical excision and percutaneous biopsy to obtain tissue localization. Breast imaging is beginning its transition into a multimodality practice, incorporating ultrasound and MRI technologies with increased frequency. Many newer types of tests are now being developed for breast imaging, including breast tomosynthesis, 3D mammography, which is currently being used in some centres. Other tests are still under the research and will take time to commercialize in the market. Thus, many critical vendors in the market are heavily investing in the research and development activities to develop and launch innovative technologies for the treatment of breast-related diseases. 

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Market Dynamics:

Drivers:
  • Growing prevalence of breast cancer across the globe

Breast cancer is the most common cancer among the women in the developed as well as in developing countries. For instance, according to the WHO, approximately 2.1 million women are suffering from breast cancer each year, and also causes the most significant number of cancer-related deaths among women. It was estimated that in 2018, more than 627,000 women died from breast cancer – 15% of all cancer deaths among women. In addition to this, breast cancer rates are higher among women from developed regions and are increasing in nearly every region globally. For instance, in the U.S., more than 40% of women have dense breast tissue, which is one of the common risk factors for breast cancer. Thus, growing incidences of breast cancer, the demand for breast imaging has been increased in recent years. 

  • Increasing government funds for the treatment of breast-related diseases 

Increasing funds and subsidy by the government for the treatment of breast cancer and associated examination, is one of the vital factors driving the market growth. The breast-related diseases have less awareness in many countries. Due to unawareness among masses about the rapid rise and severity of breast cancer, it is usually diagnosed in the advanced stage, where the treatment becomes ineffective and expensive. Thus, various government are offering funds for the treatment of breast-related diseases, driving the growth of the market. 

Restraints:
  • High cost of breast imaging-related devices 

Breast imaging related devices are costly and require high investment for installation and its maintenance. This results in the overall increase in the procurement costs for the hospitals and diagnostics centres. It mainly affects in the underdeveloped and developing countries, owing to less healthcare expenditure. Thus, due to the high cost of these technologies and budget constraints of healthcare facilities, hindering the growth of the market.  

Opportunities:
  • Growth opportunities in the emerging economies 

Breast cancer among females has been rising at a rapid pace in the several emerging economies such as India, China, and Southeast Asian countries. These countries are witnessing more numbers of female patients with breast cancer diagnosed in the younger age groups (in their thirties and forties). For instance, as per the Union Health Ministry, breast cancer is ranked as the number one cancer with rate as high as 25.8 per 100,000 women and mortality of 12.7 per 100,000 women. These countries have less awareness and lack of advanced facilities to detect breast-related diseases at an early stage. Thus, key vendors have an enormous opportunities to enter into these market by forming a partnership with hospitals and diagnostics centres. 

Challenges:
  • Side effects of radiation exposure 

Radiation can cause severe tissue damage when exposed to long time and increase a person’s risk to develop the cancer afterword. Furthermore, the low doses of radiation used for imaging tests also increase a person’s cancer risk slightly. Thus, the side effects of radiation exposure is anticipated to hamper the market growth over the forecast period. 

Segmentation Analysis:

The global breast imaging market has been classified on the basis of technology, type, end-user, and regions.

  • The technology segment is divided into ionizing breast imaging, non-ionizing breast imaging. The non-ionizing breast imaging segment is anticipated to grow at the highest CAGR of 11.5% over the forecast period. Non-ionizing breast imaging offers many benefits such as more fast and detailed diagnosis, high sensitivity, and fewer false positives. Thus, with the increasing benefits of this technology over the ionizing breast imaging, boosting the growth of the segment. 
  • The type segment includes mammography, breast ultrasound, breast MRI, biomarkers, positron emission mammography, image-guided breast biopsy, and others. Mammography accounted for the largest market share of 45.8% in 2020. The mammography is the undisputed current modality of choice and used as the primary screening tool for breast cancer. 
  • The end-user segment includes hospitals and diagnostic centres. The hospital segment accounted for the major market share of 67.84% in 2020. This is mainly due to higher purchasing power, well-equipped operating & diagnostic rooms, presence of highly skilled healthcare professionals, ease inaccessibility, and better health coverage for hospital-based healthcare services from various private and group insurance plans.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the breast imaging market, with a 39.8% share of the market revenue in 2020.

  • This is because North America is growing tremendously in terms of the healthcare industry. North America region has become the hub for the technological development and transformation of the industry. Due to the presence of several technical and pharmaceutical players in countries like Canada and the U.S., North America is projected to dominate the global breast imaging market on geographical front. The number of cancer patients in North America is rising from the past few years. Prostate and breast cancer are the most prevalent forms of cancer in the region, which is anticipated to drive the North America market growth
  • The Asia Pacific region is anticipated to rise at the highest CAGR of 11.8% over the forecast period. This is mainly due to increasing awareness regarding breast cancer, improving healthcare infrastructure, and increasing government support in terms of policies and funding in countries such as India and China.

North America Breast Imaging Market Share in 2020- 39.8%

 

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Competitive Analysis:

The key players are now adopting the key strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global breast imaging industry.

In November 2019, Hologic, Inc. announced that the U.S. Food and Drug Administration (FDA) had approved 3DQuorum Imaging Technology, powered by Genius AI.

In October 2018, GE Healthcare announced the introduction of Invenia Automated Breast Ultrasound (ABUS) 2.0 for dense breast imaging, the only FDA-approved ultrasound supplemental breast screening technology, designed for detecting cancer in dense breast tissue.

List of Key Market Players:

  • Hologic, Inc.
  • GE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • Aurora Imaging Technology, Inc.
  • Fujifilm Holdings Corporation
  • Canon Inc.
  • CMR Naviscan Corporation
  • Dilon Technologies, Inc.
  • Delphinus Medical Technologies, Inc.
  • KUB Technologies Inc. (Kubtec)
  • Micrima Limited
  • PlanmedOy
  • SonoCiné, Inc.
  • SuperSonic Imagine

Key Target Audience

  • Healthcare Institute
  • Medical Device Manufacturers
  • Pharmaceutical Companies
  • Government Authorities and R&D Institutions
  • World Health Organization
  • Food and Drug Administration
  • Consulting And Research Firm

Report Description:

  • Global Breast Imaging Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global Breast imaging market is based on revenue (USD Million/Billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global breast imaging market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of breast imaging and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global Breast imaging market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global breast imaging market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global breast imaging market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the breast imaging market was valued at USD 2.74 billion in 2020 and is anticipated to reach USD 6.36 billion by 2028.

Global breast imaging market is growing at a CAGR of 11.1% during the forecast period 2021-2028.

The global breast imaging market has been segmented based on technology, type, end user, and regions. The non-ionizing breast imaging segment led the breast imaging market. The hospital segment held the largest market share.

The North America region emerged as the largest market for the breast imaging.

Growing prevalence of breast cancer across the globe is the key driving factor for the breast imaging market.

High cost of breast imaging related devices may hamper the market growth.

To tap the market of emerging countries will going to be a huge opportunities to the market.

Key players are Hologic, Inc., GE Healthcare, Siemens Healthineers, Philips Healthcare, Fujifilm Holdings Corporation, Aurora Imaging Technology, Inc., Canon Inc.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Technology
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By End User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing prevalence of breast cancer across the globe
          5.2.2. Increasing government funds for the treatment of breast related diseases
    5.3. Restrains
          5.3.1. High cost of breast imaging related devices
    5.4. Opportunities
          5.4.1. Growth opportunities in the emerging economies

6. Global Breast Imaging Market Analysis and Forecast, By Technology
    6.1. Segment Overview
    6.2. Ionizing Breast Imaging
    6.3. Non- Ionizing Breast Imaging

7. Global Breast Imaging Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Mammography
    7.3. Breast Ultrasound
    7.4. Breast MRI
    7.5. Biomarkers
    7.6. Positron Emission Mammography
    7.7. Image-Guided Breast Biopsy
    7.8. Others

8. Global Breast Imaging Market Analysis and Forecast, By End User
    8.1. Segment Overview
    8.2. Hospitals
    8.3. Diagnostic Centers

9. Global Breast Imaging Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Breast Imaging Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Breast Imaging Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Hologic, Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. GE Healthcare
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Siemens Healthineers
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Philips Healthcare
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Fujifilm Holdings Corporation
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Aurora Imaging Technology, Inc.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Canon Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. CMR Naviscan Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Delphinus Medical Technologies, Inc.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Dilon Technologies, Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. KUB Technologies Inc. (Kubtec)
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Micrima Limited
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Planmed Oy
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. SonoCiné, Inc.
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. SuperSonic Imagine
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis

List of Table

1. Global Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

2. Global Ionizing Breast Imaging Market, By Region, 2018–2028 (USD Billion)

3. Global Non- Ionizing Breast Imaging Market, By Region, 2018–2028 (USD Billion)

4. Global Breast Imaging Market, By Type, 2018–2028 (USD Billion)

5. Global Mammography Breast Imaging Market, By Region, 2018–2028 (USD Billion)

6. Global Breast Ultrasound Breast Imaging Market, By Region, 2018–2028 (USD Billion)

7. Global Breast MRI Breast Imaging Market, By Region, 2018–2028 (USD Billion)

8. Global Biomarkers Breast Imaging Market, By Region, 2018–2028 (USD Billion)

9. Global Positron Emission Mammography Breast Imaging Market, By Region, 2018–2028 (USD Billion)

10. Global Image-Guided Breast Biopsy Breast Imaging Market, By Region, 2018–2028 (USD Billion)

11. Global Others Breast Imaging Market, By Region, 2018–2028 (USD Billion)

12. Global Breast Imaging Market, By End User, 2018–2028 (USD Billion)

13. Global Hospitals Breast Imaging Market, By Region, 2018–2028 (USD Billion)

14. Global Diagnostic Centers Breast Imaging Market, By Region, 2018–2028 (USD Billion)

15. Global Breast Imaging Market, By Region, 2018–2028 (USD Billion)

16. Global Breast Imaging Market, By North America, 2018–2028 (USD Billion)

17. North America Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

18. North America Breast Imaging Market, By Type, 2018–2028 (USD Billion)

19. North America Breast Imaging Market, By End User, 2018–2028 (USD Billion)

20. U.S. Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

21. U.S. Breast Imaging Market, By Type, 2018–2028 (USD Billion)

22. U.S. Breast Imaging Market, By End User, 2018–2028 (USD Billion)

23. Canada Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

24. Canada Breast Imaging Market, By Type, 2018–2028 (USD Billion)

25. Canada Breast Imaging Market, By End User, 2018–2028 (USD Billion)

26. Mexico Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

27. Mexico Breast Imaging Market, By Type, 2018–2028 (USD Billion)

28. Mexico Breast Imaging Market, By End User, 2018–2028 (USD Billion)

29. Europe Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

30. Europe Breast Imaging Market, By Type, 2018–2028 (USD Billion)

31. Europe Breast Imaging Market, By End User, 2018–2028 (USD Billion)

32. Germany Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

33. Germany Breast Imaging Market, By Type, 2018–2028 (USD Billion)

34. Germany Breast Imaging Market, By End User, 2018–2028 (USD Billion)

35. France Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

36. France Breast Imaging Market, By Type, 2018–2028 (USD Billion)

37. France Breast Imaging Market, By End User, 2018–2028 (USD Billion)

38. U.K. Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

39. U.K. Breast Imaging Market, By Type, 2018–2028 (USD Billion)

40. U.K. Breast Imaging Market, By End User, 2018–2028 (USD Billion)

41. Italy Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

42. Italy Breast Imaging Market, By Type, 2018–2028 (USD Billion)

43. Italy Breast Imaging Market, By End User, 2018–2028 (USD Billion)

44. Spain Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

45. Spain Breast Imaging Market, By Type, 2018–2028 (USD Billion)

46. Spain Breast Imaging Market, By End User, 2018–2028 (USD Billion)

47. Asia Pacific Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

48. Asia Pacific Breast Imaging Market, By Type, 2018–2028 (USD Billion)

49. Asia Pacific Breast Imaging Market, By End User, 2018–2028 (USD Billion)

50. Japan Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

51. Japan Breast Imaging Market, By Type, 2018–2028 (USD Billion)

52. Japan Breast Imaging Market, By End User, 2018–2028 (USD Billion)

53. China Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

54. China Breast Imaging Market, By Type, 2018–2028 (USD Billion)

55. China Breast Imaging Market, By End User, 2018–2028 (USD Billion)

56. India Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

57. India Breast Imaging Market, By Type, 2018–2028 (USD Billion)

58. India Breast Imaging Market, By End User, 2018–2028 (USD Billion)

59. South America Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

60. South America Breast Imaging Market, By Type, 2018–2028 (USD Billion)

61. South America Breast Imaging Market, By End User, 2018–2028 (USD Billion)

62. Brazil Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

63. Brazil Breast Imaging Market, By Type, 2018–2028 (USD Billion)

64. Brazil Breast Imaging Market, By End User, 2018–2028 (USD Billion)

65. Middle East and Africa Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

66. Middle East and Africa Breast Imaging Market, By Type, 2018–2028 (USD Billion)

67. Middle East and Africa Breast Imaging Market, By End User, 2018–2028 (USD Billion)

68. UAE Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

69. UAE Breast Imaging Market, By Type, 2018–2028 (USD Billion)

70. UAE Breast Imaging Market, By End User, 2018–2028 (USD Billion)

71. South Africa Breast Imaging Market, By Technology, 2018–2028 (USD Billion)

72. South Africa Breast Imaging Market, By Type, 2018–2028 (USD Billion)

73. South Africa Breast Imaging Market, By End User, 2018–2028 (USD Billion)

List of Figures 

1. Global Breast Imaging Market Segmentation

2. Breast Imaging Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Breast Imaging Market Attractiveness Analysis By Technology

9. Global Breast Imaging Market Attractiveness Analysis By Type

10. Global Breast Imaging Market Attractiveness Analysis By End User

11. Global Breast Imaging Market Attractiveness Analysis By Region

12. Global Breast Imaging Market: Dynamics

13. Global Breast Imaging Market Share By Technology(2021 & 2028)

14. Global Breast Imaging Market Share by Type(2021 & 2028)

15. Global Breast Imaging Market Share by End User(2021 & 2028)

16. Global Breast Imaging Market Share by Regions (2021 & 2028)

17. Global Breast Imaging Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global breast imaging market on the basis of below mentioned segments:

Global Breast Imaging Market by Technology:

  • Ionizing Breast Imaging
  • Non- Ionizing Breast Imaging

Global Breast Imaging Market by Type:

  • Mammography
  • Breast Ultrasound
  • Breast MRI
  • Biomarkers
  • Positron Emission Mammography
  • Image-Guided Breast Biopsy
  • Others

Global Breast Imaging Market by End User:

  • Hospitals
  • Diagnostic Centers

Global Breast Imaging Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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