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Breast MRI Screening Market: Drivers and Restraints-
Incidence of breast cancer has been rising in the lower income countries owing it to the increase in life expectancy, increasing urbanization, and adaption of western lifestyles. This rise in breast cancer cases is expected to propel market growth for breast MRI screening during the forecast period. Several combination screening techniques with mammography and technological advancements in breast MRI screening procedures is also expected to contribute to the growth of the breast MRI screening market. The growth of medical devices industry and increase in healthcare expenditure around the globe could also favor the breast MRI screening market growth over the years. However, high costs associated with breast MRI screening procedures, societal fear, cultural barriers and misconceptions regarding breast cancer and imaging techniques might hamper market growth for breast MRI screening over the forecast period.
Breast MRI Screening Market: Segmentation
On the basis of product type, Breast MRI Screening Market can be segmented as:
- Closed Systems
- Open Systems
On the basis of magnetic field strength, Breast MRI Screening Market can be segmented as:
- Low Field Strength
- Mid Field Strength
- High Field Strength
On the basis of end user, Breast MRI Screening Market can be segmented as:
- Hospitals
- Cancer Research Centers
- Specialty Clinics
- Diagnostic Laboratories
On the basis of geography, Breast MRI Screening Market can be segmented as:
- North- America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding China & Japan
- China
- Japan
- Middle East and Africa
- Latin America
Breast MRI Screening Market: Overview
Recent studies show that the sensitivity of breast MRI screening for invasive cancer has almost reached upto 100%, proving to being more efficient than mammography for breast cancer screening. Although, breast MRI screening also gives false-positive and thus, is recommended to be combined with mammography. Several results obtained from researches going worldwide indicate that, in high-risk women, mammography is considered to have a sensitivity of 6% for invasive cancer and 0% for DCIS, i.e. ductal carcinoma in situ, whereas, breast MRI screening gives a sensitivity of 90% for invasive cancer and 87% for DCIS. According to the American Cancer Society, it is recommended that all high-risk women population with 20% or more lifetime risk of breast cancer should undergo breast MRI screening with mammogram or ultrasound annually. For majority of these women, combined breast MRI screening with mammography should start at the age of 30. Also, breast MRI screening is not recommended as a screening test for women who have an average risk of breast cancer, as it might lead to unnecessary biopsies or different other tests.
Breast MRI Screening Market: Region-wise Outlook
North America and Europe’s Breast MRI Screening market is expected to fuel the major growth of the market, owing it to the innovations in imaging technologies for breast cancer screening, high prevalence rates of breast cancer and increasing number of breast MRI screening device manufacturers in these regions. MRI has gained popularity as an efficient imaging modality and increase in healthcare expenditure are also expected to contribute to the breast MRI screening market growth in these regions. Asia-pacific market for breast MRI screening, majorly, China, Japan and Korea are expected to increase significantly over the years, owing it to the growing awareness on breast cancer and high incidence rates due to increased lifespan.
Breast MRI Screening Market: Key Market Participants
Some of the market participants in the Global Breast MRI Screening market identified across the value chain include: Hologic, Siemens AG, Fujifilm Holdings Corporation, General Electric Company, Inc., Koninklijke Philips N.V., Dilon Technologies, Inc., Aurora Imaging Technology, Inc., Sonocine, Inc., Gamma Medica, Inc., and Toshiba Corporation.
