"Designing Growth Strategies is in our DNA"
The global molecular breast imaging market is expected to expand significantly, driven by the rising requirement for advanced imaging techniques to diagnose and identify breast cancer efficiently. Through continuous development in MBI technology such as improving resolution, the sensitivity and specification of detecting the disease is supporting market expansion.
Rising Incidence of Breast Cancer and Government and Healthcare Investments Enhance Market Growth
Major attribute for market expansion is the increasing prevalence of breast cancer. The rising consciousness regarding the importance of early detection is fueling demand for the devices. Premature detection of the disease is improving survival rate and helps in recovery of an individual, which is supporting the significant demand for imaging devices.
Furthermore, several governments and healthcare centers are investing huge amounts on research and diagnostic technologies. This financial funding helps manufacturers to develop advanced imaging methods, impelling the market growth. In addition, the organization of several screening programs by various organizations are aiding in promotion of detection and treatment of the disease, driving market growth.
High Cost of MBI Systems and Lack of Standardization Hinder Market Growth
One of the main barriers to the extensive use of MBI is the high cost of the systems. These devices involve specific equipment, radiotracers, and skilled personnel for operation. These features are making the tools pricier than conventional mammography or ultrasound systems. Expensive devices are major constraints for low-income regions where accessibility for availing the facility is limited due to lack of resources and settings.
Furthermore, the inefficient standardization of the devices may hamper the market growth. The devices may vary in the quality and performance of MBI systems designed by several manufacturers may affect the stability and consistency of the outcome. Establishing industry standards for MBI technology is vital to ensure precise and reliable diagnoses across different healthcare settings may obstruct the market growth.
Integration with Artificial Intelligent (AI) and Advanced Portable and Compact MBI Systems Bolster Market Growth
One of the main opportunities for the market growth is the incorporation of AI and machine learning with the BSGI devices. This integration of advanced technologies is improving diagnostic accuracy, reducing human error, and streamline workflows are bolstering adoption of the system extensively. Furthermore, the development of transportable MBI systems that is affordable and apt for use in numerous medical settings, for instant outpatient clinics and rural areas, could lead to augmented demand for the system. Additionally, the initiation of breast cancer screening programs in emerging markets as well as rising focus on health care infrastructures are propelling market expansion.
|
By Detector |
By End User |
By Geography |
|
|
|
The report covers the following key insights:
Based on detector, the molecular breast imaging market is divided into single and dual.
The dual detectors are leading the market owing to high imaging capabilities. This type of device contains of two systems utilizes two gamma cameras to capture images from multiple angels, resulting in higher resolution and more detailed images.
Single detectors tools have conventionally been employed for detection of disease systems. These systems are more cost-effective facilities and involved in early diagnosis of the disorder, allowing this segment to expand significantly.
Based on end user, the molecular breast imaging market is divided into hospitals & specialty clinics and diagnostic imaging centers.
The hospitals & specialty clinics are dominating the market caused by their ample healthcare services. They are often a first point of contact for patients for screening and diagnosis of cancer, thus becoming a major end-user of the MBI tools.
Diagnostic imaging centers are expecting significant growth in the market, as they are specialize in diagnosing images and offer a wide range of services. The growing demand for dedicated investigative services has led to the creation of such centers around the world.
Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is dominating the market, driven by the high prevalence of breast cancer and the strong healthcare infrastructure. Government initiatives to improve breast cancer detection and their significant investments in cancer research institutes aiding adoption of BSGI systems. The U.S. and Canada are major shareholders in the region of the market due to the increasing acceptance of advanced imaging technologies. The implementation of diagnostic technologies is impelling the adoption of MBI systems in this region.
Europe is also anticipated to witness considerable growth in the market due to increasing awareness of breast cancer and rising demand for early detection technologies. The growing demand for more effective diagnostic methods with high breast cancer incidence rates is impelling market growth. Germany, France, and the U.K. are major contributors to market growth in the region.
The Asia Pacific region is expected to grow at a fast pace in the market, caused by the rising knowledge among people about breast cancer screening. China, India and Japan are major countries in the region that are supporting market expansion, by providing a favorable environment and adoption of advanced technologies. The increasing healthcare expenditure and improving medical infrastructure in this region is helping market expansion.
The report includes the profiles of the following key players:
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )