About Breast Cancer Diagnostics
The breast cancer diagnostics market is predicted to expand in the future as the prevalence of cancer rises and the government attempts to improve screening and diagnosis increase. The market for breast cancer diagnostics is predicted to grow as the prevalence of breast cancer rises. In the forecast term, the expanding elderly population, together with technological advancements, would provide numerous chances for the breast cancer diagnostics market to develop.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The global Breast Cancer Diagnostics market is fragmented due to the presence of regional and global manufacturers. The level of competition among the companies in the Breast Cancer Diagnostics market is intense and manufacturers focus on developing new technologies. In the coming years, manufacturers will also develop new partnerships to spread their product reach to more customers globally. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Breast Cancer Diagnostics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hologic Inc. (United States), Genomic Health (United States), BD (United States), Danaher (United States), Koninklijke Philips N.V. (Netherlands), QIAGEN (Germany), Thermo Fisher Scientific Inc. (United States), Myriad Genetics (United States), Argon Medical Devices, Inc. (United States) and F. Hoffmann-La Roche Ltd. (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Breast Cancer Diagnostics market by Type (Ionizing Breast Imaging Technologies (Analog Mammography, Full-Field Digital Mammography (FFDM), 3D Breast Tomosynthesis, Positron Emission Tomography/ Computed Tomography (PET/CT), Molecular Breast Imaging/ Breast Specific Gamma Imaging (MBI/BSMI), Positron Emission Mammography, and Others) and Non-ionizing Imaging Technologies (Breast MRI (Magnetic Resonance Imaging), Breast Ultrasound, Optical Imaging, Automated Whole Breast Ultrasound (AWBU), and Breast Thermography)), Application (Diagnostic Clinical Laboratories, Hospitals Associated Laboratories, Ambulatory Surgical Centres and Cancer Research Centres) and Region.
On the basis of geography, the market of Breast Cancer Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Test, the sub-segment i.e. BRCA will boost the Breast Cancer Diagnostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Diagnosis Procedure
Market Growth Drivers:
Increasing Incidence Of Breast Cancer and Growth in the Number of Private Diagnostic Center
Challenges:
Lack of Skilled and Experienced Personnel and Rising Need of High Capital Investment
Restraints:
Adverse Effects Of Screening Procedures
Opportunities:
Favorable Reimbursement Framework For Breast Cancer Diagnosis and Early Detection And Increase In Awareness About Breast Cancer
Market Leaders and their expansionary development strategies
In Jan 2021, Hologic Inc. acquired Biotheranostics and SOMATEX Medical Technologies GmbH. The acquisition of these companies has helped the company to expand its breast health product portfolio and strengthen its position in the market for breast cancer diagnostics.
In Sept 2020, Thermo Fisher Scientific, Inc. entered into an agreement with AstraZeneca and the University of Nebraska Medical Center for the development of innovative clinical biomarkers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Breast Cancer Diagnostics Equipment Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.