Breast Imaging Market

The global breast imaging market is projected to reach USD 6.6 billion by 2028 from USD 4.4  billion in 2023, at a CAGR of 8.5% from 2023 to 2028. The rising number of breast cancer cases, increasing number of old-age people, and rising mobile solutions fuel the market growth.

The breast imaging market is moderately competitive, with established companies and upcoming competitors for the same market share. As of 2022, the key players operating in the global breast imaging market are GE Healthcare (US), Hologic, Inc. (US), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), Canon Inc. (Japan), Aurora Healthcare US Corp. (US), Planmed Oy (Finland) among others.

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These competitors have utilized various strategies to increase their market share in the global breast imaging market, including acquisitions, agreements, partnerships, and product releases. In 2022, a higher share of the breast imaging market was held by GE Healthcare (US), Hologic, Inc. (US), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan).

GE Healthcare (US):

Thermo Fisher Scientific is headquartered in Illinois, US. The company offers a comprehensive product portfolio in medical diagnostics, medical imaging & information technologies, disease research, drug discovery, and biopharmaceutical manufacturing technologies. Its medical diagnostics and medical imaging portfolio includes breast imaging solutions covering molecular imaging, ultrasound, and magnetic resonance imaging technologies. The company recently launched CT system. This system simplifies time-consuming tasks and delivers personalized care to patients. The company also launched a Serena Bright biopsy solution. It enables clinicians to access contrast guidance for conducting breast biopsy exams using the same mammography equipment.

GE HealthCare has a wide geographic presence in more than 140 countries across North America, South America, Europe, the Middle East, the Asia Pacific, and Africa. The company has adopted inorganic growth strategies such as acquisitions to strengthen its market position.

Hologic Inc. (US):

Hologic is a US-based company that offers diagnostic products, medical imaging systems, and surgical products dedicated to serving the healthcare needs of women. Hologic is one of the biggest players in the breast imaging sector. The company provides its customers with offers digital and film-based mammography systems, magnetic resonance imaging systems, computer-aided detection software for mammography, breast biopsy site markers, breast biopsy guidance systems, and breast brachytherapy products. Danaher also makes a significant contribution to research and development. The innovations help increased sensitivity and improved results. It is dedicated to addressing the potential challenges faced by its customers.

Hologic has its direct distribution network in place, as well as independent distributors in North America, Europe, and the Asia Pacific. Some of its key subsidiaries are Direct Radiography Corp. (US), Hologic Ltd. (UK), Hologic Sweden AB (Sweden), Hologic Hitec-Imaging GmbH (Germany), Hologic France SARL (France), Hologic (Australia) Pty Ltd. (Australia), Hologic Europe Middle East and Africa, S.A. (Switzerland).

 Siemens Healthcare GmbH (Germany):

Siemens Healthcare GmbH is headquartered in Germany and was founded in 2015. It innovative solutions for healthcare. The main offerings of the company includes a range of products and services in the field of point-of-care diagnostics, laboratory testing, diagnostics and therapeutic screening, and molecular medicine.

The company has a wide geographic footprint with a direct presence in more than 70 countries across Europe, the Americas, Asia, Oceania, Africa, and the Middle East. The main manufacturing sites of the company are situated in the US, Germany, and China. It offers products in more than 180 countries through distributors and sales channels.

Related Reports:

Breast Imaging Market by Technology (Ionizing, Non-ionizing), Product (Breast Imaging Systems, Software and Services, Accessories), End User (Hospitals and Clinics, Diagnostic Imaging Centers, Breast Care Centers) - Global Forecasts to 2028

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