Industry Insights
Increasing prevalence of chronic diseases such as breast cancer is
expected to drive the market for breast imaging equipment market over
the forecast period. It provides help to capture images of breast tissue
such as milk lobules and milk duct in the body to study or diagnose for
breast cancer. Female who have crossed the age of 40 years or
undergoing hormone replacement therapy are more prone towards breast
cancer.
Rapid innovation in technology and growing awareness about breast
cancer is likely to drive the market in coming five years. With ongoing
development in technology, the breast imaging instruments are getting
more digitalized and becoming more efficient in detecting disease. The
number of patients suffering from breast cancer is higher in developed
economies but the death rate is much lower than developing nations owing
to the presence of sophisticated technology and stable financial
condition.
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The other possible reason is that in developing economies breast
cancer are diagnosed in the terminal stage due to low rate of literacy
among female. Therefore, the international association of healthcare
isurging the government of different countries to assure advancement of
cancer diagnosis equipment and diagnose cancer at its early stage.
Lack of screening expertise, high cost of detection, strict
regulatory approval and low medical reimbursement procedure is pulling
the growth of this market. Computer aided diagnosis is anticipated to
witness significant growth in the global breast imaging equipment market
over the next few years. The emerging nations such as India, China,
Brazil and South Korea are possessing potential market for breast
imaging equipment owing to the increasing rate of outsourcing and rising
medical tourism.
Product Insights
By products, the global breast imaging equipment market is divided
into tomosynthesis, breast MRI, mammography, breast ultrasound, nuclear
imaging, bioelectric images and scintimammography. Mammography is widely
used technique for detection of breast cancer and considered as
standard technique of breast cancer diagnosis and screening tool in
humans. It uses very low dose of X-ray to take 2-D image of human breast
and minimizes adverse effect after screening.
The breast ultrasound is the second preferred technique used for
testing breast cancer. It is anticipated to witness significant growth
rate over the coming few years owing to its effectiveness in detecting
breast tumor and cancer by examining tissues stiffness. Breast MRI is
also found very effective in diagnosis of breast cancer due to its
ability to measure breast density by studying breast dense tissues.
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Regional Insights
The major geographic regions of the global breast imaging equipment
market are North America, Europe, Asia Pacific and RoW. North America
was the market leader in 2013 in terms of revenue. Due to presence of
sophisticated technology, high level of awareness about breast treatment
and diagnosis and increasing geriatric population of female are some
factors expected to maintain its leading position over the forecast
period.
Europe is considered to be the second largest market after North
America. It is expected to show significant growth by 2020 owing to huge
investment in sunk cost and increasing target based population. Asia
Pacific region is anticipated to show the fastest growth rate due to
introduction of various healthcare reforms coupled with strong
government support.
Competitors Insights
The global breast imaging equipment market is monopolistic in nature.
The market is highly competitive and therefore, the firms are adopting
many business strategies such as joint venture, acquisition,
geographical expansion and NDP to survive in the long run. Some of the
key market players of breast imaging equipment market are Philips
Healthcare, Hologic Inc., Siemens Healthcare Corp., SonoCine Inc.,
Fujifilm SonoSite Inc., Aurora Imaging Technologies Inc., Dilon
Technologies Inc. and GE Healthcare Ltd.
Table of Contents
Chapter 1. Executive Summary
1.1. Breast imaging equipment - Industry Summary & Critical Success Factors (CSFs)
Chapter 2. Breast imaging Equipment Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Breast imaging Equipment Market Dynamics
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Breast imaging equipment - Company Market Share Analysis, 2013
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Chapter 3. Breast Imaging Equipment Product Outlook
3.1. Mammography
3.2. Breast Ultrasound
3.3. Breast MRI
3.4. Tomosynthesis
3.5. Nuclear Imaging
3.6. Other imaging devices
Chapter 4. Breast imaging Equipment Regional Outlook
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. RoW
Chapter 5 Breast Imaging Equipment Competitive Landscape
5.1 Aurora Imaging Technologies Inc.
5.2 Dilon Technologies Inc.
5.3 FUJIFILM SonoSite Inc.
5.4 GE Healthcare Ltd
5.5 Hologic Inc.
5.6 Philips Healthcare
Chapter 6. Methodology and Scope
6.1. Research Methodology
6.2. Research Scope & Assumption
6.3. List of Data Sources
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