Artificial Intelligence (AI) in Breast Imaging Market By Product Type (Software, Hardware) By Application (Screening, Diagnosis, Treatment Planning, Monitoring) By End-Use (Hospitals, Ambulatory Surgical Centers, Specialty Clinics & Trauma Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2031
The Global Artificial Intelligence (AI) in Breast Imaging Market size was valued at USD 350 million in 2022 and is expected to reach USD 3.21 billion by 2031, growing at a CAGR of 28.6% during the forecast period from 2023 to 2031.
The global artificial intelligence (AI) in breast imaging market is driven by rising cancer incidence, rising healthcare infrastructure investment, an ageing population, and rapidly expanding hospital networks in developing nations. The global artificial intelligence (AI) in breast imaging market is estimated to grow at the fastest compound annual growth rate (CAGR) during the forecast period (2023-2031).
 in Breast Imaging Market.PNG)
Data from biopsy slides and radiomics are used to train AI for early detection in the treatment of breast cancer. This is supported by a global initiative to develop learning algorithms for interpreting mammograms by reducing the prevalence of false positives. The likelihood of finding metastatic breast cancer in images from lymph node biopsy complete slides has increased thanks to AI. Because to individual variations in risk factors and predispositions, AI algorithms perform differently in diverse populations.
Growth Factors
Artificial Intelligence (AI) in Breast Imaging Market & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
350 Mn |
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Projected Market Value (2031) |
3.21 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product Type, By Application, By End-use & Region |
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Segments Covered |
By Product Type, By Application, By End-use & Region |
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Forecast Units |
Value (USD Billion), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Market Drivers
High breast cancer incidence and prevalence rates - There are more government initiatives to increase the rate of screening and diagnosis as cancer prevalence rises. The increased prevalence of breast cancer is expected to be the main driver of the market for artificial intelligence in breast imaging. According to the American Cancer Society, 281,550 new cases of breast cancer will be reported in 2021, and 49,290 individuals will pass away from the illness in the country as a whole. According to the WHO, breast cancer will account for more than 2.3 million new cases in 2021, making it the most common type of cancer worldwide.
The pharmaceutical industry has prospered over the past century as a result of increased investment for cancer research to discover a cure. More money is being spent on breast cancer therapies and research. $6 billion is set up year for breast cancer awareness and research, claims a study article. Also, despite the fact that advocates and researchers for the disease frequently seek for additional funding, breast cancer actually receives a lot of it.
Market Challenges
The cost of treating breast cancer is high.
The expansion of the artificial intelligence market for breast imaging will be hampered by the high cost of cancer medicines. As more people survive cancer, the price of life-saving treatments also increases. In the US, breast cancer treatment can be exceedingly expensive, even for individuals with health insurance. People paid $3.14 billion out of their own wallets for cancer treatment in 2019, more than any other type of medical care.
Breast cancer patients frequently struggle financially as a result of lost pay from having to take time out of work, as well as high healthcare costs. Some people may decide not to receive the recommended therapies or delay them due to growing debt and expenses. The financial stress can commonly endure for years and have an effect on the entire family of the person who is experiencing it.
Market Opportunities
Increased spending on healthcare IT is expected to have a positive impact on the growth of the artificial intelligence market for breast imaging. It is predicted that the increased spending would help to improve the digital infrastructure, which will hasten the use of AI in hospitals and other healthcare facilities. AI also considerably reduces the price of treatment and helps with the precise and early detection of cancer.
Recent Developments:
Regional Analysis
North America dominated the artificial intelligence in breast imaging market in 2022, and it is predicted that it will continue to do so during the forecast period. Due to the rising incidence of breast cancer in this region, the market for breast imaging is growing.
In 2022, there will be around 287,850 new instances of invasive breast cancer, 51,400 cases of DCIS, and 43,250 deaths among US women from breast cancer, according to data from the American Society of Clinical Oncology. As a result, it is likely that the United States' high breast cancer prevalence will contribute to the sector's growth.
Nonetheless, Asia-Pacific will have the quickest rate of growth in the worldwide artificial intelligence in breast imaging market. The increased prevalence of breast cancer, major R&D investments in its therapies, and improvements in breast imaging technology are the primary drivers of the market's expansion. Breast cancer is the most prevalent malignancy in most Asian countries, regardless of race or ethnicity, according to the Centers for Disease Control and Prevention (CDC).
Competitor Analysis
Key Market Players:
Key Benefits of the Report
Artificial Intelligence (AI) in Breast Imaging Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Product Type |
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By Application |
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By End-Use |
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By Geography |
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Customization Scope |
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Pricing |
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The Report Answers Questions Such As:
Research Methodology
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Data Collection
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Primary Research
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Top-Down Approach & Bottom-Up Approach
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Market Analysis & size Estimation
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Quality Checking & Final Review
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