Global breast imaging equipment market to top $4.6 billion by 2020

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A new research analysis predicts that the market for breast imaging equipment will grow at an estimated CAGR of 12.2 percent and will eclipse $4.6 billion by the year 2020.

The report, published by the San Francisco-based market research firm Grand View Research, cites factors such as a growing female geriatric population, implementation of programs by government and healthcare organizations, early diagnosis, growing patient awareness levels and sophisticated healthcare infrastructure as reasons for the strong predicted growth.

North America continues to be the largest regional market globally, accounting for nearly 33 percent of all worldwide revenue, though increasing radiology equipment digitalization owing to rising healthcare IT systems has made Asia the fastest growing regional market, with a predicted CAGR of 14 percent from 2014 to 2020.

Read the full report.