Breast Cancer Diagnostics Market to Observe Prominent CAGR Growth of 9.2% by 2030
Global Breast Cancer Diagnostics Market research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the HELATH industry. This report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments. Analysis and estimation of important industry trends, market size, and market share are mentioned in this market report. An influential Global Breast Cancer Diagnostics Market business report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player.
Data Bridge Market Research analyzes that the global breast cancer diagnostics market is expected to reach the value of USD 8,651.50 million by 2030, at a CAGR of 9.2% during the forecast period. Test type accounts for the largest diagnostic type segment in the market due to rising breast cancer patients and technological advancements in treatment of breast cancer globally. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Breast cancer is the most common disease in the population, occurring mainly in women with proliferative diseases. Breast cancer develops mainly in the breast tissues. Symptoms of breast cancer include lumps in the breast, a difference in the size and shape of the breasts, discharge from the nipples, and irritated, scaly red patches on the skin. The incidence of breast cancer in women increases every time the growth of the breast cancer market increases with the growth of drugs. Advanced methods for diagnosis of breast cancer with developed techniques. Improving the technologies developed in breast cancer by increasing the effectiveness, accuracy, efficiency, reliability and speed of results and improving the detection of disorders. Advanced features to detect cancer in less time. Cancer is detected at an early stage, which helps patients recover faster, prevent cancer cells from spreading to other parts of the body, and treat them with new drugs on the market. Increased tumor screening and imaging will drive the breast cancer market. This is expanding the breast cancer market with an increasing number of patients every year, and the rate of recovery from breast cancer is increasing. Government support by increasing the availability of new drug development projects and increasing the effectiveness and efficiency of treatment and the integration of new drugs into the medical field.
Market Overview:
Breast cancer is a disease in which the uncontrolled growth of malignant cells in the breast tissue occurs more often in women than in men. Breast cancer is the uncontrolled cell division of breast cells, which are the most common cells in the mammary glands and ducts. Some symptoms of breast cancer include a lump or lump in the breast, bloody discharge from the nipple and a change in the shape of the nipple or breast. Breast cancer treatment depends on the stage of cancer. Its treatment consists of chemotherapy, radiation therapy, hormone therapy, and surgery.
Breast cancer is another type of cancer that is more common in women than in men. A number of the symptoms of the sickness hold bleeding secretion from the reproductive organ, a lump or block within the breast, and variations in the texture or form of the breast or nipple. Breast cancer treatment depends on the stage of cancer. In addition, its treatment includes radiotherapy, therapy, hormone therapy and surgery. Early detection of carcinoma is essential for the effective treatment of the disease. Early detection of the disease also leads to better outcomes, including many treatment options, better survival and better quality of life. Increasing pressure and demand for new forms of treatment or methods of treatment are due to the rapidly increasing spread of diseases.
Drivers
- Launch of technologically advanced diagnosis & therapeutics to aid growth
Breast cancer is the most common disease in the population, occurring mainly in women with proliferative disease. Breast cancer develops in the breast tissues. Symptoms of breast cancer include lumps in the breast, differences in the size and shape of the breast, discharge from the nipples, and itchy, scaly red patches on the skin. This disease spreads in body with increasing symptoms such as bone pain, swollen lymph nodes, difficulty in breathing and many others. Increasing research and development with new technologies and treatments developed for breast cancer will significantly contribute to market growth.
Moreover, Technological advances in imaging are creating new opportunities for improvements in both screening and early detection. One technology advance is 3-D mammography, also called breast tomosynthesis. This procedure takes images from different angles around the breast and builds them into a 3-D-like image.
In the recent times, several advancements in technology is changing the fate of cancer diagnostics, as mentioned above some of the recent advancements, several other technologies are currently under trial phase which are on the limit of changing the process of breast cancer diagnostics. These technological advancements in the field are acting as a major drivers for global breast cancer diagnostics market.
- Increasing prevalence of breast cancer
One of the major factors driving the growth of the global market is the increasing prevalence of breast cancer worldwide, which is expected to lead to a large number of patients in need of accurate and effective treatment options. Breast cancer is one of the most common cancers in the world, and better diagnostics are expected to increase the number of patients diagnosed in the future.
In addition, the growing demand for preventive care and early treatment has led to many cancer screenings, which would also increase the number of patients with a high need for treatment during the forecast period.
Thus, increasing prevalence of breast cancer leads to more diagnosis of cases and hence it is expected to drive the market growth during the forecast period.
Recent Developments
- In November 2022, Koninklijke Philips N.V., announced the global launch of a next-generation compact portable ultrasound solution at the Radiological Society of North America (RSNA) annual meeting to bring the diagnostic quality associated with premium cart-based ultrasound systems to more patients. It is portable and versatile with good image quality or performance. It is Compatible with Philips ultrasound systems Affiniti and EPIQ transducer. This has helped company to expand its product portfolio.
- In November 2022, Siemens Healthineers and Atrium Health, a leading not-for-profit healthcare provider known for leading pediatric, cancer and cardiac care programs, have announced a multi-year value partnership1. This strategic agreement focuses on improving access to care in Atrium Health’s service area in the southeastern United States, improving health equity and increasing economic mobility. Atrium Health is acquiring more than $140 million in equipment and devices from Siemens Healthineers, including advanced imaging technology, radiation oncology and precision endovascular robotics. This has helped the company to expand their business.
Some of the major players operating in the global breast cancer diagnostics market are F-Hoffmann La Roche Ltd., Siemens Healthcare GmbH, General Electric, Koninklijke Philips N.V., FUJIFILM Corporation, Abbott, Hologic, Inc., OncoStem, Provista Diagnostics, Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Illumina, Inc., Bio-Rad Laboratories, Inc., BD, NanoString., Cepheid, BIOMÉRIEUX, Exact Sciences Corporation, Biocept, Inc., and Abacus ALS.
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Global breast cancer diagnostics market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global breast cancer diagnostics market are introducing strong range of products and services and adopting strategic initiative such as acquisition, agreement, business expansion, announcement, achievement, and innovation into the market. This helped companies to maximize the sales with enhanced services portfolio.
Global Breast Cancer Diagnostics Market Scope
GLOBAL BREAST CANCER DIAGNOSTICS MARKET, BY TEST TYPE
- IMAGING
- BIOPSY
- GENOMIC TEST
- BLOOD TEST
- OTHERS
On the basis of test type, the global breast cancer diagnostic market is segmented into imaging, biopsy, genomic test, blood tests and others.
GLOBAL BREAST CANCER DIAGNOSTICS MARKET, BY TYPE
- DUCTAL CARCINOMA IN SITU
- INVASIVE DUCTAL CARCINOMA
- INFLAMMATORY BREAST CANCER
- METASTATIC BREAST CANCER
On the basis of type, the global breast cancer diagnostic market is segmented into ductal in situ carcinoma, invasive ductal carcinoma, inflammatory breast cancer, and metastatic breast cancer.
GLOBAL BREAST CANCER DIAGNOSTICS MARKET, BY END USER
- HOSPITALS
- CLINICS
- RESEARCH & ACADEMIC INSTITUTES
- DIAGNOSTIC CENTERS
- OTHERS
On the basis of end user, the global breast cancer diagnostic market is segmented into hospitals, clinics, research and academic institutes, diagnostic centers and others.
GLOBAL BREAST CANCER DIAGNOSTICS MARKET, BY DISTRIBUTION CHANNEL
- DIRECT TENDER
- RETAIL SALES
- OTHERS
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