Feature | February 28, 2013

Growth largely driven by increased demand for breast imaging equipment and adoption of new breast screening technologies


Feb. 27, 2013 -- Fewer breast imaging facilities in the United States, in addition to ongoing controversies surrounding breast cancer screening, has suppressed growth in the U.S. breast imaging systems market. However, Frost & Sullivan anticipates modest expansion, driven by the increasing demand for breast imaging equipment due to the growing prevalence of breast cancer, as well as increases in breast cancer surgery procedure volumes and supplemental screening exams prompted by new breast density reporting legislation.

New analysis from Frost & Sullivan's Analysis of the U.S. Breast Imaging Systems Market research finds that the market earned revenues of $1.0 billion in 2011 and expects this to reach $1.4 billion by 2016 at a compound annual growth rate (CAGR) of 5.8 percent. The anticipated growth is due to growing revenues in the X-ray mammography, breast ultrasound, breast magnetic resonance imaging (MRI) and molecular breast imaging (MBI) market segments.

A key factor restraining market growth is consolidation of the breast imaging provider market, which has led to a smaller number of facilities in the United States. In addition, conflicting recommendations regarding the age at which mammography screening should begin has caused hesitations regarding regular mammography screening exams by many women in their 40s.

"The number of breast imaging facilities in the United States declined by nearly 7 percent from 2002 to 2011, resulting in an even greater decline in the mammography system installed base," said Frost & Sullivan Industry Analyst Roberto Aranibar. "This had a significant impact on market growth, given its large dependency on system replacements."

Despite these previous declines in the market, the mammography system installed base and number of breast imaging facilities in the United States appear to have begun stabilizing. New breast density notification laws, product regulatory approvals, and evolving breast cancer screening protocols are among the factors expected to drive increased replacements of mammography systems and expanded adoption of new breast imaging technologies.

"Expanding breast density reporting laws are prompting increases in supplemental screening procedure volumes that, in turn, are creating a growing demand for newer technologies that improve diagnostic accuracy, while also increasing productivity," said Aranibar. "One such technology, automated breast ultrasound (ABUS), was recently approved for supplemental screening, and reimbursement for another such technology, breast tomosynthesis, is expected to become available soon."


Related Content

News | Breast Imaging

February 23, 2024 — ScreenPoint Medical is showcasing its industry leading Transpara Breast AI at the 2024 European ...

Time February 23, 2024
arrow
News | Breast Imaging

February 22, 2024 — The FAST-Forward randomized trial from the UK found that ultrahypofractionated whole breast ...

Time February 22, 2024
arrow
News | Breast Imaging

February 20, 2024 — Annual breast cancer screening beginning at age 40 and continuing to at least age 79 results in the ...

Time February 20, 2024
arrow
News | FDA

February 15, 2024 — Merit Medical Systems, Inc., a global leader of healthcare technology, has received US Food and Drug ...

Time February 15, 2024
arrow
News | Breast Imaging

February 9, 2024 — An innovative breast imaging technique provides high sensitivity for detecting cancer while ...

Time February 09, 2024
arrow
News | Radiology Business

February 1, 2024 — Theragenics Corporation, a global leader in minimally invasive brachytherapy, interventional devices ...

Time February 01, 2024
arrow
News | Breast Imaging

January 29, 2024 — Diagnoses of breast cancer have increased steadily in women under age 50 over the past two decades ...

Time January 29, 2024
arrow
Feature | Radiology Business | By Melinda Taschetta-Millane

Did you know that Imaging Technology News (ITN) maintains more than 40 comparison charts of product specifications from ...

Time January 29, 2024
arrow
News | Artificial Intelligence

January 22, 2024 — b-rayZ, a Swiss innovator in AI-powered medical imaging solutions, proudly announces the receipt of ...

Time January 22, 2024
arrow
News | PET Imaging

January 16, 2024 — The Society of Nuclear Medicine and Molecular Imaging (SNMMI) and the European Association of Nuclear ...

Time January 16, 2024
arrow
Subscribe Now