Breast Cancer Imaging Market by Region – Global Opportunities & Forecast, 2020-2027

 Global Breast Cancer Imaging Market

The GMI Research report encountered that the Breast Cancer Imaging Market will expand at a growth rate of 7% for the analysis period. This is because of the accelerating incidences of cancer and the intensified initiatives by the government to raise the diagnostic and examining rate.

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Breast Cancer Imaging Market Dynamics

The global breast cancer imaging market is projected to witness a tremendous growth over the coming years. Some of the forces complementing the growth of the global breast cancer market include the accelerating cases of patients with breast cancer, ongoing technological innovation in imaging instruments, growing occurrence of lifestyle related disorders, and the innovations of customized implant products. Further, the introduction of several cancer screening programmes by several organisations will propel the breast cancer imaging market growth. For example, The United States, in 2019, is projected to witness 2,68,600 new cases of invasive cancer with 62,930 incidences of non-infectious cancer to be diagnosed.

Healthcare facilities, such as outpatient clinics and hospitals that purchase expensive device systems often depend on third-party paymasters for remuneration of expenses incurred in identifying the procedures functioned with these systems. Although, it demands over two to five years for a device system to certify indemnity once started in the regional market. Also, due to the huge cost of these systems and budget restrictions, healthcare facilities are reluctant to disburse in technologically sophisticated device systems.

Regional Drivers

Based on the geographical analysis, the North American region captured the highest share in 2018 and is anticipated to sustain its dominance over the coming years. This is because of the rising allowance by government and private organisation on healthcare infrastructure, accelerating cases of breast cancer and rising recognition of technology. However, as per the global breast cancer imaging market report, the Asia-Pacific region is predicted to expand at a faster rate during the coming years. The accelerating disposable income, expeditiously ameliorating healthcare infrastructure and strategic government measures in developing economies such as India and China will propel the breast cancer imaging market size.

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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