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Non-Ionizing Breast Imaging Market by 2029

Non-Ionizing Breast Imaging Market to register a CAGR of 8.60% in 2022-2029

According to the World Health Organization (WHO), breast cancer is the second most common cancer among women, and more than 200,000 new cases of cancer are diagnosed every year worldwide. The rising incidence of breast cancer has further increased awareness of breast cancer early detection across the globe. As a result, supportive government initiatives aid in spreading awareness about cancer risk factors, preventive measures and early detection. Consequently, these growth determinants will fuel the expansion of the market over the forecasted period.

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The non-ionizing breast imaging market was valued at USD 4.02 billion in 2021 and is expected to reach USD 7.77 billion by 2029, registering a CAGR of 8.60% in 2022-2029. The “breast ultrasound” accounts for the largest type segment in the non-ionizing breast imaging market within the forecasted period owing to the lower risk of exposure to radiation and the various benefits such as the ability to detect lesions and the ability to differentiate between a cyst and a solid mass and the detection of blood flow through vessels. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The rising prevalence of breast cancer is the most significant factor driving the growth for this market as it further requires diagnosis and screening. The increasing population of women who are more susceptible to breast cancer is also projected to bolster the market’s growth. Furthermore, the expanding healthcare sector along with the rise in demand for early diagnosis are also expected to fuel market growth. Moreover, the increasing number of screening programs, as well as rising number of conferences and symposiums focusing on spreading awareness about the benefits of early screening and diagnosis, also cushions the market’s growth within the forecasted period.

North America dominates the non-ionizing breast imaging market because of the substantial research and development expenditure, well-established healthcare infrastructures, widespread acceptance of advanced medical technologies and superior reimbursement facilities within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising government and non-government initiatives to prevent breast cancer coupled with the constant development in the healthcare infrastructures within the region.

Hologic, Inc. (U.S.), General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Canon Inc. (Japan), Aurora Healthcare US Corp. (U.S.), Allengers (India), Dilon Medical Technologies, Inc. (U.S.), Siemens (Germany), Planmed Oy. (Finland), Delphinus Medical Technologies, Inc. (U.S.), Micrima Limited (UK), CMR Naviscan Corporation (U.S.), SuperSonic Imagine (France) and Carestream Health (U.S.)

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