Global Breast Imaging Technologies Market 2020 Global Outlook, Research, Trends and Forecast to 2030
Breast Imaging Technologies market size was valued at USD 5250.9 million in 2020 and is expected to reach USD 11763 million by 2030, growing at a CAGR of 8.4% during the forecast period.
During the
COVID-19 epidemic, the life sciences industry has played a critical role. To
deal with the worldwide issue, traditional competitors teamed up to speed up
research and develop the world's quickest new vaccine. Governments, health
systems, payers, retail pharmacies, and charities are increasingly
collaborating with the pharmaceutical industry to offer extensive distribution
and management. Reinvented workplace settings, a shift in health-care delivery,
and new partnerships to achieve efficiency are just a few instances of how
technology breakthroughs are enabling this unprecedented transformation. While
pharmaceutical innovation is saving the globe, biopharma and medtech firms now
have a chance to keep up the trend.
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Market Dynamics and Factors:
The life
sciences business has seen exponential development in terms of breadth and
capabilities across the value chain. The need for significant collaboration
between life sciences and healthcare firms, not just on goods but also on
solutions, to assist solve the demand-supply mismatch is one of the sector's
main issues. The need of the hour is for product-push models to be supplemented
by service-oriented models that prioritise the needs of patients.
The current
COVID-19 epidemic is propelling the demand for life science analytics even
further, since healthcare infrastructures are already under strain. The
pandemic will likely increase demand for analytics in resource management, such
as vaccinations, medications, and other critical medical supplies. For example,
leveraging hybrid computing and sophisticated analytical tools, Moderna and IBM
are working on a vaccination management programme.
Furthermore,
throughout the projection period, the growing elderly population, rising
noncommunicable illness prevalence, and rising desire for enhanced patient
experience are expected to drive revenue. Universal health care systems are
vast, complicated, and expensive to run. Governments are concentrating on
preventative health and greater costefficiency, such as pricing restrictions on
medicines and medical technology equipment, to kerb expenditure increases.
Governments in both developed and emerging markets have made deliberate
decisions to confront producers and demand more access to lower-cost
medications. Health-care systems are exchanging information on the costs of the
items they purchase, aware that some countries pay more than others.
Market Segmentation:
On the basis of
technology, the market is bifurcated into ionizing breast imaging technology
and non-ionizing breast imaging technology. Ionizing technology further divided
into mammography, MBI, PET-CT and PEM. Mammography further divided into Digital
Mammography, 3D Mammogram, Analog. Non-ionizing technology classified into
Breast Ultrasound, Breast MRI, Automated Whole-Breast Ultrasound, Breast
Thermography. On the basis of end users, the market is segmented into
hospitals, diagnostic imaging centers, and ambulatory surgical centers.
Geographic breakdown and analysis of each of the aforesaid segments includes
regions comprising North America, Europe, Asia-Pacific, and RoW.
Competitive Analysis:
Top players
profiled in Breast Imaging Technologies Market research report are:
·
Koninklijke Philips N.V.
·
Fujifilm Holdings Corporation
·
Gamma Medical Inc.
·
Hologic, Inc.
·
General Electric Company
·
Siemens AG
·
TOSHIBA CORPORATION,
·
Sonocine Inc.
·
Aurora Imaging Technology, Inc.
·
Dilon Technologies, Inc.
·
Testo AG
·
Planmeca OY
·
Imaging Diagnostic Systems,
Inc.
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Geographic Analysis:
On a regional
basis, The North American Breast Imaging Technologies Market growth is
attributed to a rise in government funding for life science technologies,
growth of cell & gene therapies, increasing demand for biopharmaceuticals,
and a rise in competition among prominent market entities.The healthcare
business, benefits from the APAC region's strong economic growth, but it also
faces problems. Despite the increased number of hospitals, people in rural and
metropolitan regions continue to face access and affordability difficulties.
Digital
enablement challenges are being solved by technological innovation. Healthcare
services are supplied throughout Europe through a variety of distinct systems
that are administered at the national level. People want greater conveniences,
choices, and shorter wait times, thus the private sector is expanding in the
European healthcare business. Most European nations have a system in place where
residents can compete for government subsidies with commercial health insurance
firms for individuals who cannot afford coverage.
The European
Health Insurance Card (EHIC) is issued by the majority of European countries to
its residents. The rising prevalence of different health problems, particularly
chronic and infectious illnesses, is a major driving force for the Middle East
and Africa's healthcare industry to develop (MEA). The growing number of
patients with cardiovascular illnesses is driving the MEA home healthcare
market forwards.
The government's
increased assistance through expenditures to expand the scale of home
healthcare services, including in rural regions, is purely to spur market
growth prospects.Furthermore, rising disposable income in metropolitan regions
has a substantial impact on regional market demand.
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