Breast Cancer Screening Market shall be US$ 2.12 Billion by 2028, according to Renub Research. The increasing incidence of breast cancer and rising awareness about early detection through screening are the primary reasons for the growth in the breast cancer screening market
Renub Research has recently released a report titled “Breast Cancer Screening Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the breast cancer screening market. The breast Cancer Screening Industry shall grow with a CAGR of nearly 5.26% from 2022 to 2028. Breast cancer screening involves a series of examinations and tests to identify breast cancer early before any visible symptoms manifest. Timely detection is critical as it increases the likelihood of successful treatment and survival. Mammography, clinical breast exam, breast self-exam, and magnetic resonance imaging (MRI) are some breast cancer screening techniques available in the breast cancer screening market.
According to BreastCancer.Org, breast cancer accounts for about 30% of all new cancer cases in women annually in the United States. However, it is essential to acknowledge that these screening tests are not infallible and can sometimes miss cancer or reveal non-cancerous abnormalities. Additionally, screening tests may result in more testing and procedures, such as biopsies, which can cause emotional distress and physical discomfort. As such, healthcare providers’ consultation before breast cancer screening considers individual risk factors and preferences.
As the population ages, demand for breast cancer screening services has increased due to the higher risk of developing breast cancer. Public awareness of the significance of early detection has also led to more women seeking screening services, adding to the rise in the breast cancer screening market. According to BreastCancer.Org, in 2022, over 3.8 million women in the US have a history of breast cancer, and approximately 15% of women who have breast cancer have a family member with the disease.
In addition, advances in imaging technology, particularly digital mammography, have made screening more effective and accurate, further driving demand for screening services in the breast cancer screening market. In August 2022, the US FDA approved Enhertu, an IV fusion treatment for patients with the newly identified HER2-low breast cancer subtype that is either metastatic or unresectable, marking the first treatment specifically approved for patients with this subtype of HER2-negative breast cancer.
China’s enormous population of over 1.4 billion provides a significant market for breast cancer screening services, as breast cancer rates have been steadily increasing in recent years. The Chinese government has implemented programs to improve cancer screening and treatment, including breast cancer, which has increased the accessibility and affordability of screening services. In addition, the healthcare industry in China is expanding rapidly, leading to increased demand for medical services, including breast cancer screening.
The implementation of various programs by the Indian government to improve cancer screening and treatment, specifically for breast cancer, has resulted in increased accessibility and affordability of screening services, including mammography. Moreover, the rapidly expanding healthcare industry in India has led to increased availability of medical services, including breast cancer screening. Furthermore, technological advancements such as digital mammography have increased the demand for mammography services in India by making breast cancer screening more accurate and effective.
Breast cancer is highly prevalent among women in the United States, resulting in a surge in demand for breast cancer screening services, including MRI propelling the rise of the breast cancer screening market. The cost of breast cancer screening, including MRI, is often covered by health insurance plans in the US, enhancing its accessibility and affordability for women. Additionally, the US has a robust research and development culture, resulting in the development of advanced breast cancer screening methods, such as MRI. As a result, the MRI breast cancer screening market has gained significant traction in the US.
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Breast cancer is a significant public health concern in Brazil, leading to increased demand for screening services such as ultrasound in the Brazil breast cancer screening market. The Brazilian government has implemented programs to improve cancer prevention and treatment, making ultrasound more accessible and affordable. In addition, Brazil’s rapidly expanding healthcare industry and advances in ultrasound technology have made breast cancer screening more accurate than other screening methods, increasing demand for them in the breast cancer screening market. Private sector investments have also contributed to the growth of ultrasound breast cancer screening in Brazil.
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