Fairfield Market Research Breast Cancer Diagnostics Market Size, Share, Type Report 2030

Breast Cancer Diagnostics Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Published Date: Upcoming | Format:

Industry: Medical Devices

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Fairfield Market Research foresees an upward growth trajectory for the global breast cancer diagnostics market that eyes revenue of around US$10 Bn by the end of 2030. Breast cancer is the one of the most prevalent types of cancer worldwide and the rate of diagnosis is continuously improving.

Market Analysis in Brief

The global breast cancer diagnostics market is witnessing rapid expansion, primarily due to an alarming rise in breast cancer incidence. Recognising the higher diagnosis rate, government authorities, non-profit organisations, and healthcare providers are actively promoting breast cancer screening initiatives. This has led to increased awareness about breast cancer and the importance of early detection, resulting in a higher diagnosis rate. Meanwhile, the integration of Artificial Intelligence, and machine learning into breast cancer diagnostics has significantly improved diagnostic outcomes. The technologies analyse complex data sets, aid in image interpretation, and assist in risk assessment. Furthermore, the increased research and development efforts on breast cancer diagnostics are driving innovation in the market. The ongoing studies aim to improve existing diagnostic techniques, develop new biomarkers, and discover novel diagnostic tools. This makes for the ideal brooding ground for the unabated growth of the global breast cancer diagnostics industry.

Key Report Findings

  • Toward the end of 2030, the worldwide breast cancer diagnostics market size will possibly reach US$10 Bn
  • The growing prevalence of breast cancer, and rapid technological advancements in diagnostics are the key growth indicators
  • North America is anticipated to dominate the breast cancer diagnostics market during the projection years
  • NanoString Technologies Inc., Genomic Health, Devicor Medical Products Inc., and AstraZeneca are some of the top market players spearheading innovation across the breast cancer diagnostics space

Growth Drivers

Rising Breast Cancer Cases to Catalyse Market Growth

The global breast cancer diagnostics market is primarily driven by the growing prevalence of breast cancer. Various macro factors such as the ageing population, lifestyle changes, and hormonal factors are contributing to the rising incidence of breast cancer. On the other hand, the increased emphasis on early detection and screening programs by the government has led to early diagnosis. Additionally, the advances in breast cancer diagnostic technologies have improved the accuracy and efficiency of detection.

Launch of Cutting-edge Diagnostics and Therapeutics

The advancements in cutting-edge diagnosis & therapeutics are unleashing revolutionary revenue opportunities for the global breast cancer diagnostics market. Technological advancements in breast cancer diagnostics have led to the development of more accurate and efficient diagnostic tools, such as digital mammography, molecular imaging techniques, and breast magnetic resonance imaging (MRI). The advanced diagnostics have also facilitated the emergence of targeted therapies. Such a personalised approach is in turn projected to improve the efficacy of therapies, minimize side effects, and enhance patient satisfaction.

Overview of Key Segments

Instrument-based Products Surge Ahead with Unmatched Momentum

Based on the product insights, the global breast cancer diagnostics market is broadly categorised into platform-based and instrument-based products. Among these, instrument-based products are projected to emerge as the dominant segment. This is mainly owing to the biopsy procedures, which are prerequisites to confirm the diagnosis of breast cancer in women. However, the platform-based products segment is estimated to be the fastest-growing segment. This is majorly attributed to the demand for such products for targeted therapy applications.

Imaging to Account for the Lion’s Share

The global breast cancer diagnostics market is further divided into various types, including imaging, biopsy, genomic tests, and blood tests. The imaging segment is expected to hold the major market share. Key factors such as a significant number of operations, easy accessibility of diagnostic imaging services, and increased effectiveness, are driving the segment’s growth. On the other hand, the blood tests segment is anticipated to be the fastest-growing segment. The excellent efficacy of liquid biopsy tests is essentially expected to drive the segment’s growth.

Hospitals and Clinics Emerge as a Lucrative End-use Segment

The end-use category for the breast cancer diagnostics market compromises hospitals & clinics, diagnostic centres, and medical imaging laboratories. The surge in patient hospitalisations and rising disease burden is fueling the segment’s growth. After the screening test, patients often undergo biopsies for diagnosis confirmation in hospitals. Furthermore, the number of diagnostic centres and medical laboratories is predicted to rise in the upcoming years. This is due to the government’s goal to provide numerous services such as diagnostic test reimbursement.

Growth Challenges

Lack of Diagnostic Infrastructure

Global healthcare organisations such as the United Nations, and WHO, have recognised non-communicable diseases such as breast cancer, as major public health crisis. Healthcare providers are facing significant challenges in improving cancer care, maintaining system efficiency, and controlling costs.

Moreover, compared to early diagnosis, cancer screening is a more complex public health strategy that requires proper infrastructure, resources, and coordination. The lack of such systems across healthcare facilities, particularly in rural or developing regions, presents a significant growth challenge for the breast cancer diagnostics market.

Overview of Regional Segment

North America Retains Lead in Long Term

North America is anticipated to sustain its dominance in the global breast cancer diagnostics market. The strong presence of prominent players, rapid technological advancements, increased patient awareness, and well-established diagnostic and screening infrastructure, are among the key growth catalysts for the market.

On the other hand, Asia Pacific’s breast cancer diagnostics market is projected to grow at the fastest rate over the forecast period. The increasing incidence of breast cancer and the use of better diagnostic procedures are playing a crucial role in market expansion. In addition to this, the increasing reimbursement guidelines and expanding healthcare infrastructure are harnessing growth across the regional market.

Key Industry Participants

Major players catalyzing the growth trajectory for the global breast cancer diagnostics market include NanoString Technologies Inc., Genomic Health, Paragon Biosciences LLC, Devicor Medical Products Inc., AstraZeneca, Quest Diagnostics Incorporated, Koninklijke Philips N.V., Siemens AG, Biocept Inc., and Epigenomics Inc.

Recent Notable Developments

  • In November 2022, Koninklijke Philips N.V. inaugurated a cutting-edge compact portable ultrasound solution during the Radiological Society of North America (RSNA) annual meeting. This innovative product aims to make high-quality diagnostic imaging more accessible to a broad range of patients by offering performance and image quality akin to premium cart-based ultrasound systems
  • In November 2022, Siemens Healthineers and Atrium Health, a renowned non-profit healthcare provider specializing in cancer, cardiac care, and paediatrics, unveiled their multi-year value partnership. Atrium Health invested around $140 million in cutting-edge equipment from Siemens Healthineers. This includes highly advanced imaging technology, precision endovascular robotics, and radiation oncology equipment

Regional Classification of the Global Breast Cancer Diagnostics Market is Listed Below:

North America

  • U.S.
  • Canada


  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

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Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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