Breast Coil Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[195+ Pages Report] According to the report published by Facts and Factors, the global Breast Coil Market market size was valued at around USD 2750 million in 2022 and is estimated to surpass around USD 4750 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.12% between 2023 and 2030. The report analyses the global Breast Coil Market market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Breast Coil Market market.

Market Overview

Women at a higher risk of developing breast cancer are generally advised to undergo breast MRI screening. The American Cancer Society thus recommends women have a breast MRI and mammogram every year. For speeding up the process, the breast coil was developed. The magnetic field intensity of the surface coil coupled with a stronger signal-to-noise ratio of the MRI system is expected to enhance the breast coil. This coil captures images of breasts at the time of biopsy or MRI imaging procedures.

The use of a number of channels and low motion artifacts helps breast coil offer unilateral biopsy, diagnostic imaging, and bilateral biopsy. The breast coil is easily adjustable owing to variable coil geometry. It is thus beneficial in providing interventional access and help in medical imaging.

Industry Growth Factors

The rising prevalence of breast cancer followed by the growing demand for MRI procedures used for diagnostic breast MR imaging and biopsy guidance are the factors driving the growth of the breast coil market. In the U.S. in 2018, there were around 266,120 cases of invasive breast cancer. Furthermore, the advancements in the new imaging technologies are projected to propel the breast coil market during the forecast period.

The focus of manufacturers on the production of new breast coil for biopsy procedures will further augment market growth. The early detection and growing awareness regarding breast cancers are likely to fuel the market growth over the forecast.

Segmentation Analysis

The breast coil market is segmented based on product type, end-user, and region.

Based on product type, the global breast coil market is divided into < 8 channels, 8–16 channels, and others. On the basis of end-user, the market is categorized into hospitals, diagnostic centers, ambulatory surgical centers, and others.

Report Scope

Regional Analysis

North America is expected to dominate the global breast coil market due to the implementation of the latest technologies, well-known healthcare infrastructures, and growing occurrences of cancer. On the other hand, Europe exhibited the highest growth in the breast coil market owing to technological demand for breast imaging coupled with government programs to lower the burden of cancer.

Competitive Players

Some of the key players participating in the global breast coil market include :

• Koninklijke Philips N.V.
• Siemens Healthineers
• GE Healthcare
• Toshiba Corporation
• Hitachi Ltd.

By Product Type Segment Analysis

• < 8 Channels
• 8–16 Channels
• Others

By End-User Segment Analysis

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA