Worldwide Breast Imaging Equipment Market to 2020: Grand View Research, Inc

The global market for breast imaging equipment is expected to reach USD 4,638.1 million by 2020, growing at an estimated CAGR of 12.2 % from 2014 to 2020, according to a new study by Grand View Research, Inc. Growing global female geriatric population base, implementation of programs by government and healthcare organizations in order to provide early diagnosis and growing patient awareness levels coupled with sophisticated healthcare infrastructure are expected to drive the market growth during the forecast period. In addition, introduction of various healthcare reforms, government support and funding is expected to boost the demand for breast imaging equipment.

Mammography dominated the overall product market in terms of revenue in 2013 and was valued at USD 1,057.7 million. Its large share is accounted for by factors such as relatively low radiation exposure and technological advancement in the product segment such as digital and portable mammography equipment. Introduction of digital mammography has led to reduction in examination time, easy transfer of information to remote locations and reduction of storage space requirements coupled with the benefit of using various tools to manipulate images. Breast MRI accounted for the second largest revenue share in 2013, owing to the fact that MRI provides information about breast tissue density, providing which has been made mandatory by National Institute of Health.

The report “Breast Imaging Equipment Market By Product (Tomosynthesis, Breast Ultrasound, Breast MRI, Mammography, Nuclear Imaging, Bioelectric Imaging, Breast Thermography) Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/breast-imaging-equipment-market

Further key findings from the study suggest:

• North America was the largest regional market in 2013, accounting for over 32.5% of global revenue due to the...