Cancer Imaging System Market: Introduction
• Cancer imaging system is a diagnostic tool used for the detection of cancer types by locating the site of cancer cells and also providing detailed information and extent of the disease and its structural changes
• Cancer imaging systems enable the detection of tumor and its associated complications, which further resulting in the evaluation of the post therapeutic treatment by specialists. Major cancer tumors are likely to be treated at an early stage if diagnosed properly. This is likely to boost the demand for cancer imaging systems.
• As per GLOBOCAN data, in December 2020, the cancer burden has increased to 19.3 million cases and 10 million cancer deaths worldwide. Presence of companies across the globe is offering cancer imaging system for standard diagnosis for cancer treatment.
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Key Drivers, Restraints, and Opportunities of Cancer Imaging System Market
• Incidence of cancer is increasing across the globe with the estimated number of cancer cases in female accounted for 2,261,419 colorectal around 865,630, lung cancer around 770, 828 in 2020. In males, lung & prostate cancer occurs in one-third of cancer cases with 1,435,943 cases of lung cancer and 1,414,259 prostate cancer across globe in 2020. These factors are likely to drive the demand for cancer imaging systems across the globe.
• Artificial intelligence and nanotechnology are innovative technologies that are shaping the future of cancer imaging systems. Moreover, increasing investments and approval of new technology are estimated to propel the global market. For instance, Hologic Inc, received FDA approval of 3D imaging technology, which would enable radiologists to detect the cancer.
• Increase in use of advanced imaging technology, especially for breast cancer imaging, development of healthcare infrastructure across the globe, and rise in cancer awareness are few factors that are anticipated to boosts the global market during the forecast period
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North America to Dominate Global Cancer Imaging System Market
• North America dominated the global cancer imaging system market followed by Europe. Presence of key players offering cancer imaging systems and technological advancements leading to the new molecular imaging strategy for innovative cancer imaging systems are likely to boost the market in the region
• Prevalence of the cancer such as breast cancer, lung cancer, prostate cancer and other types in the region is likely to boost the demand for innovative diagnostic tools, such as cancer imaging systems, in the region. According to the Breast Cancer Organization, estimated number of 281,550 cases of breast cancer likely to be diagnosed in the U.S. in 2021.
• In U.S., the death from breast cancer among women is higher as compared to other cancers. Breast cancer is estimated to be the most commonly diagnosed cancer type among women in U.S. and in 2021, 30% of the new diagnosed cancer cases are likely to be identified as breast cancer. These statistics are projected to boost the demand for imaging systems during the forecast period.
• The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the increasing prevalence of cancer across the region, awareness about imaging systems for detection of cancer, technological advancements, and increasing patient burden in Asia Pacific. Ongoing research & development leading to technical innovation of imaging systems is also a major factor that is estimated to fuel the cancer imaging system market in the region.
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Key Companies of Cancer Imaging System Market
• Abbott
• Becton, Dickinson, and Company
• Canon Medical Systems Inc
• Carestream Health
• F. Hoffmann-La Roche Ltd
• GE Healthcare
• Hologic Corporation
• Hitachi Medical
• Konica Minolta
• Koninklijke Philips N.V.
• Kindsway Biotech
• Illumina, Inc
• Siemens Healthineers
• Thermo Fisher Scientific Inc
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