{"product_id":"breast-cancer-diagnostics-market-insights-competitive-landscape-and-market-forecast-2027","title":"Breast Cancer Diagnostics- Market Insights, Competitive Landscape and Market Forecast–2027","description":"\u003cp\u003eBreast Cancer Diagnostics- Market Insights, Competitive Landscape and Market Forecast–2027\u003c\/p\u003e\n\n\u003cp\u003eBreast Cancer Diagnostics Market By Product Type (Instrument, Reagent, And Consumables), By Type (Imaging, Lab Test), By End-User Type (Hospitals, Diagnostic Laboratories, Cancer Research Centers, Others), and by geography is expected to grow at a steady CAGR during the given forecast period owing to increase in the prevalence of breast cancer globally, growing geriatric population, the rising number of government initiatives to increase screening and diagnosis, and the increasing number of technological advancements.\u003c\/p\u003e\n\n\u003cp\u003eThe global Breast Cancer Diagnostics market was valued at USD 4.20 billion in 2021, growing at a CAGR of 6.67% during the forecast period from 2022 to 2027 to reach USD 6.16 billion by 2027. The breast cancer diagnostics market is witnessing positive growth owing to factors such as the increasing prevalence of breast cancer, increasing age and sedentary lifestyle,  technological advancements, rising number of government initiatives to increase the rate of screening and diagnosis, thereby driving the growth of the breast cancer diagnostics market during the forecast period from 2022-2027.\u003c\/p\u003e \n\n\u003cp\u003eBreast Cancer Diagnostics Market Dynamics:\u003c\/p\u003e\n\n\u003cp\u003eOne of the main drivers of the breast cancer diagnostics market is the increasing prevalence of breast cancer globally. As per the World Health Organization (WHO) 2021 data, in 2020 breast cancer was diagnosed in 2.3 million women globally. Further, as per the same source by the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the last 5 years, making it the world’s most prevalent cancer.\u003c\/p\u003e \n\n\u003cp\u003eTherefore, an increase in the prevalence of breast cancer around the world would lead to an increase in the demand for breast cancer diagnostics, thereby propelling the growth of the breast cancer diagnostics market during the forecast period (2022-2027).\u003c\/p\u003e\n\n\u003cp\u003eMoreover, another key factor that is responsible for the growth of the breast cancer diagnostics market is the rising number of initiatives taken by specific national governments to increase awareness about early screening and diagnosis. For instance, in March 2021, WHO launched a Global Breast Cancer Initiative (GBCI) to reduce global breast cancer mortality by 2.5% per year, which would prevent 25% of breast cancer deaths by 2030 and 40% by 2040 among women under 70 years of age. Providing information about signs, symptoms, early detection, treatment, etc. of breast cancer would aware public of breast cancer diagnosis and treatment which would increase the demand for the breast cancer diagnostics market.\u003c\/p\u003e\n\n\u003cp\u003eHowever, the high cost of diagnosis of breast cancer, limitations in diagnosis like false-positive results, and overdiagnosis with mammogram leads to unnecessary treatments which can slow down the breast cancer diagnostics market growth.\u003c\/p\u003e \n\n\u003cp\u003eThe COVID-19 pandemic has slightly impacted the market for breast cancer diagnostics market negatively as hospital admissions for patients suffering from cancers and other disorders were not a priority in comparison to the patients suffering from coronavirus. Along with strict lockdown regulations, a lack of staff, and a shortage of masks and PPE kits made a huge impact on breast cancer patient admissions in hospitals. However, with the masses being vaccinated and the resumption of activities in the healthcare sector, the breast cancer diagnostics market has picked momentum and is expected to further grow during the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eBreast Cancer Diagnostics Market Segment Analysis:\u003c\/p\u003e\n\n\u003cp\u003eBreast cancer diagnostics market by product type (instrument, reagent, and consumables), type (imaging, lab test), end-user type (hospitals, diagnostic laboratories, cancer research centers, others), and by geography (North America, Europe, Asia-Pacific, and Rest of the World).\u003c\/p\u003e\n\n\u003cp\u003eIn the type segment of the breast cancer diagnostics market, diagnosis through imaging techniques such as mammography, ultrasound, breast MRI, and CT scan is expected to hold a significant share during the forecast period, owing to the various benefits associated with them such as low-dose x-ray image of breast tissue through a mammogram, early and timely detection of breast cancer, thereby also reducing the risks of undergoing chemotherapy. For example, according to the National Cancer Institute July 2021, U.S. preventive task force recommends that 76.4% of women aged 50-74 years had mammography within the past 2 years. By 2030, 77.1 % proportion of women aged 50-74 years would have received breast cancer screening.\u003c\/p\u003e\n\n\u003cp\u003eIn addition, in January 2022, Duke University researchers created an Artificial Intelligence (AI) platform to analyze potentially cancerous lesions in mammography scans and determine whether patients should receive invasive biopsies. This AI helped to detect suspicious lesions that could be used to train students on how to read mammography images and can help physicians to take health care decisions. Furthermore, this AI technology could be used for making wise decisions, increasing the demand for image diagnosis, thus driving the growth of the breast cancer diagnostics devices market during the forecast period from 2022-2027.\u003c\/p\u003e\n\n\u003cp\u003eNorth America is expected to dominate the overall Breast Cancer Diagnostics Market:\u003c\/p\u003e\n\n\u003cp\u003eAmong all the regions, North America is expected to dominate the global breast cancer diagnostics market during the forecast period from 2022-2027. Factors such as aging, race, and ethnicity drive breast cancer which increase the demand for breast cancer diagnostics in the North America market.\u003c\/p\u003e\n\n\u003cp\u003eAccording to the American Cancer Society (2022), in January 2022 in the US, variations in breast cancer could be seen due to differences in racial and ethnic groups. The age of diagnosis was slightly younger for black women (age 60), followed by white women (age 63). Black women also have a higher death rate in this as 1 in 5 black women have triple-negative breast cancer which was more than in any other racial\/ethnic group.\u003c\/p\u003e \n\n\u003cp\u003eFurthermore, aging is the biggest risk factor for breast cancer. As people grow older, the chances of developing cancer increase. According to the same source in February 2022, 1 out of 8 women younger than 45 developed invasive breast cancer, and 2 out of 3 invasive breast cancers were found in women 55 or older.\u003c\/p\u003e\n\n\u003cp\u003eThe Breast Cancer Organization (2022) also mentioned that as of January 2022, more than 3.8 million women had a history of breast cancer in the US. One in eight American women (13%) was expected to develop invasive breast cancer at some point in their lives on average. In men, 2,710 new cases of invasive breast cancer are expected to be diagnosed by 2022 end in the US.\u003c\/p\u003e \n\n\u003cp\u003eTherefore, the rising prevalence of breast cancer, aging, race, and ethnicity would result in the rising demand for breast cancer diagnostics which in turn would provide a conducive growth environment for the North America breast cancer diagnostics market.\u003c\/p\u003e \n\n\u003cp\u003eBreast Cancer Diagnostics Market Key Players:\u003c\/p\u003e\n\n\u003cp\u003eSome of the key market players operating in the breast cancer diagnostics market include Niramai Health Analytix, UE LifeSciences Inc, Xuzhou AKX Electronic Science And Technology Co Ltd, Kheiron Medical Technologies Limited, Technomax Corporation, General Electric Company, Hologic Inc, Koninklijke Philips N.V, Fujifilm Corporation, Canon Medical Systems Argentina S.A, Hitachi Ltd, Carestream Health, Planmed Oy, SonoCiné, Seno Medical, Stryker, Izotropic Corporation, Koning Health, Siemens Healthcare GmbH, CMR Naviscan, among others.\u003c\/p\u003e\n\n\u003cp\u003eRecent Developmental Activities in the Breast Cancer Diagnostics:\u003c\/p\u003e\n\n\u003cp\u003eIn March 2022, Niramai received US FDA clearance for their first medical device, SMILE-100 System (breast thermography device).\u003c\/p\u003e\n\n\u003cp\u003eIn Jan 2022, UE LifeSciences entered into a definitive distribution agreement with Siemens Healthineers, adding its flagship device iBreastExam to Siemens’ 360-degree breast care product portfolio for the U.S. market.\u003c\/p\u003e\n\n\u003cp\u003eIn Nov 2021, Kheiron Medical Technologies Launched RSViP to Help U.S. Breast Screening Programs Tackle Backlogs Worsened by COVID-19.\u003c\/p\u003e \n\n\u003cp\u003eIn Jan 2021, Kheiron’s AI Breast Screening Solution Mia Receives Regulatory Clearance in Australia and New Zealand.\u003c\/p\u003e\n\n\u003cp\u003eKey Takeaways from the Breast Cancer Diagnostics Market Report Study\u003c\/p\u003e\n\n\u003cp\u003eMarket size analysis for current breast cancer diagnostics market size (2021), and market forecast for 5 years (2022-2027)\u003c\/p\u003e\n\n\u003cp\u003eThe effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching breast cancer diagnostics.\u003c\/p\u003e\n\n\u003cp\u003eTop key product\/services\/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years\u003c\/p\u003e\n\n\u003cp\u003eKey companies dominating the global breast cancer diagnostics.\u003c\/p\u003e\n\n\u003cp\u003eVarious opportunities are available for other competitors in the breast cancer diagnostics market space.\u003c\/p\u003e\n\n\u003cp\u003eWhat are the top-performing segments in 2021? How these segments will perform in 2027.\u003c\/p\u003e\n\n\u003cp\u003eWhich are the top-performing regions and countries in the current breast cancer diagnostics market scenario?\u003c\/p\u003e\n\n\u003cp\u003eWhich are the regions and countries where companies should have concentrated on opportunities for breast cancer diagnostics market growth in the coming future?\u003c\/p\u003e\n\n\u003cp\u003eTarget Audience who can be benefited from this Breast Cancer Diagnostics Market Report Study\u003c\/p\u003e\n\n\u003cp\u003eBreast cancer diagnostics products providers\u003c\/p\u003e\n\n\u003cp\u003eResearch organizations and consulting companies\u003c\/p\u003e \n\n\u003cp\u003eBreast cancer diagnostics-related organizations, associations, forums, and other alliances\u003c\/p\u003e\n\n\u003cp\u003eGovernment and corporate offices\u003c\/p\u003e\n\n\u003cp\u003eStart-up companies, venture capitalists, and private equity firms\u003c\/p\u003e\n\n\u003cp\u003eDistributors and Traders dealing in Breast cancer diagnostics\u003c\/p\u003e  \n\n\u003cp\u003eVarious End-users who want to know more about the Breast cancer diagnostics Market and the latest technological developments in Breast cancer diagnostics.\u003c\/p\u003e\n\n\u003cp\u003eFrequently Asked Questions for Breast Cancer Diagnostics:\u003c\/p\u003e\n\n\u003cp\u003e1. What are breast cancer diagnostics?\u003c\/p\u003e\n\n\u003cp\u003eBreast cancer diagnostics are used detect breast cancer in men and women experiencing its signs and symptoms. Early diagnosis could improve cancer treatment by providing care at the earliest stage possible.\u003c\/p\u003e \n\n\u003cp\u003e2. What is the market for Global breast cancer diagnostics?\u003c\/p\u003e\n\n\u003cp\u003eThe global Breast Cancer Diagnostics market was valued at USD 4.20 billion in 2021, growing at a CAGR of 6.67% during the forecast period from 2022 to 2027 to reach USD 6.16 billion by 2027.\u003c\/p\u003e\n\n\u003cp\u003e3. What are the drivers for the Global breast cancer diagnostics Market?\u003c\/p\u003e\n\n\u003cp\u003eThe breast cancer diagnostics market is witnessing positive market growth owing to the factors such as, increasing prevalence of breast cancer, Increasing age and sedentary lifestyle, inherited breast cancer genes, race, ethnicity, technological advancements, and government initiatives to increase the rate of screening and diagnosis.\u003c\/p\u003e \n\n\u003cp\u003e4. Who are the key players operating in the breast cancer diagnostics Market?\u003c\/p\u003e\n\n\u003cp\u003eSome of the key market players operating in the breast cancer diagnostics market include Niramai Health Analytix, UE LifeSciences Inc, Xuzhou AKX Electronic Science And Technology Co Ltd, Kheiron Medical Technologies Limited, Technomax Corporation, General Electric Company, Hologic Inc, Koninklijke Philips N.V, Fujifilm Corporation, Canon Medical Systems Argentina S.A, Hitachi Ltd, Carestream Health, Planmed Oy, SonoCiné, Seno Medical, Stryker, Izotropic Corporation, Koning Health, Siemens Healthcare GmbH, CMR Naviscan, among others.\u003c\/p\u003e\n\n\u003cp\u003e5. Which region has the highest share in the breast cancer diagnostics Market?\u003c\/p\u003e\n\n\u003cp\u003eNorth America is expected to dominate the global breast cancer diagnostics market. Factors contributing to its growth are the increasing prevalence of breast cancer due to aging, race, ethnicity, and others, increasing the demand for breast cancer diagnostics, thus driving the breast cancer diagnostics market growth in North America region.\u003c\/p\u003e\n\n\u003cp\u003ePlease Note: It will take 3-5 business days to complete the report upon order confirmation.\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"December, 2022 \/ 100 Pages \/ MCW16234031","offer_id":47650856042802,"sku":null,"price":3300.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/breast-cancer-diagnostics-market-insights-competitive-landscape-and-market-forecast-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}