Breast Coil Market Size, Share, Insights Report By Types (Less Than 8 Channels, 8-16 Channels and Others), By Applications (Clinical Usage, Research Laboratory Usage and Others), and By Region- Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2030

Healthcare & Pharma Syndicate Market Research Pages: 130 Report ID: 15530

According to Syndicate Market Research, the global breast coil market size was worth USD 2675.42 million in 2023 and is estimated to grow to USD 4685.23 million by 2030, with a compound annual growth rate (CAGR) of approximately 5.59% over the forecast period (2024-2030).

Breast Coil Market: Overview

MRI surveillance of the breast is generally recommended for women with an increased risk of developing the disease. As a consequence, women are recommended to undergo an annual mammogram and breast MRI by the American Cancer Society. The purpose of developing the breast coil was to accelerate the procedure. It is expected that the enhanced signal-to-noise ratio of the MRI system and the high magnetic field of the surface coil will provide advantages for the breast coil. Breast images are captured by this coil during MRI procedures and breast biopsies. The breast coil uses many channels and minimizes motion artefacts to perform unilateral biopsy, diagnostic imaging, and bilateral biopsy.

The breast coil is amenable to modification due to its interchangeable coil configuration. It enables access to interventional procedures and facilitates medical imaging as a consequence. As the incidence of breast cancer rises and the demand for MRI techniques utilized for biopsy guidance and diagnostic breast MR imaging increases, the breast coil market expands. It is expected that emerging imaging technologies will propel the breast coil market throughout the projected period. The market is anticipated to expand during the period of forecast due to the increased awareness and early detection of breast cancer. The manufacturers will concentrate primarily on producing novel breast coils intended for utilization in biopsies, thereby facilitating additional market growth.

Breast Coil Market: Growth Drivers

  • Increasing incidence of breast cancer is anticipated to facilitate the expansion of the global market.

The dramatic increase in breast cancer prevalence is primarily attributable to unhealthy lifestyle choices. For the purpose of cancer diagnosis and obtaining anatomical clarity of the patient's body, breast MRI scans are commonly prescribed by physicians. Consequently, an estimated 685,000 of the approximately 2.3 million women diagnosed with breast cancer globally in 2020 succumbed to the disease's severe stages, according to a March 2021 World Health Organization paper on the subject.

                                                                  Global Breast Coil Market 2024 Size by Region

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Breast Coil Market: Restraints

  • Additional expenses linked to intricate regulatory processes could impede the growth

Market expansion for breast coils is hampered throughout the period of forecast by the high cost of detection and the complexity of regulatory approval processes. Additionally, a dearth of knowledgeable individuals and inexperience would impede the expansion of the breast coil market at this time.

Breast Coil Market: Opportunities

  • Rising Breast Imaging Demand and MRI Technological Advancements

Breast imaging is becoming more and more popular as a result of rising awareness of breast health and the importance of early breast cancer detection. Breast coils are essential for enhancing the precision and quality of breast MRI scans. More sophisticated and customized breast coils have been developed as a result of ongoing improvements in MRI technology. This gives businesses the chance to launch cutting-edge goods with improved functionality.

Breast Coil Market: Challenges

  • Regulatory compliance and intense competition

The breast coils market can be very competitive, with many businesses selling comparable goods. Smaller businesses or new entrants may find it difficult to establish themselves in the market as a result.

Strict regulatory regulations are in place for medical devices, including breast coils, to protect patient safety. It might take a lot of time and money to navigate the regulatory environment and get the required approvals.

Breast Coil Market: Segmentation Analysis

The global Breast Coil market is segregated on the basis of types, applications, and regions.

Based on type, the market is divided into Less Than 8 Channels, 8-16 Channels and Others. The segment with 8-16 channels will hold the largest market share by 2021. The 16-channel imaging configuration of the Breast Coil consists of two lateral coil elements, each with four channels, and an 8-channel coil central element. The 16-channel Sentinelle Breast Coil enables high-resolution 3D and 2D MR breast imaging and ensures superior image quality. Although parallel imaging is one method for accelerating examinations, it is quite effective. Several of its components provide anatomical coverage in variable or fixed configurations.

Based on applications, the market is divided into Clinical Usage, Research Laboratory Usage and Others. The segment pertaining to clinical utilization is anticipated to expand at the most rapid rate throughout the period of forecast. The primary users of breast coils are clinics of varying sizes that are affiliated with universities, hospitals, and cancer treatment centers. In addition to yearly mammography, women at high risk for developing breast cancer are recommended to undergo breast MRI screening. The proliferation of diagnostic imaging techniques for the identification, diagnosis, and management of breast cancer is the primary factor driving the growth of this market segment.

Breast Coil Market: Regional Analysis

  • North America is set to dominate the global market due to rise of cancer incidence

North America: The breast coil market is anticipated to be dominated by North America in 2021 due to the region's well-established healthcare systems, increased utilization of advanced technologies, and rising cancer incidence. As per the findings of the American Society of Clinical Oncology (ASCO), the current number of women afflicted with breast cancer in the United States stands at 3 million, positioning the disease as the second leading cause of mortality among women nationwide. Government initiatives to reduce the incidence of cancer and the technical necessity for breast imaging are additional factors driving the breast coil market in this region.

Asia-Pacific: The breast coil market in the Asia-Pacific region is anticipated to expand substantially during the period of forecast. This growth is projected to arrive in 2021. The region experiences a significant need for readily available treatment options due to its substantial population and low per capita income. Foreign corporations are enthusiastic about allocating resources to developing countries such as Japan, China, and India. Consequently, numerous international market participants are establishing strategic partnerships and alliances with regional companies. The breast coil market is anticipated to expand as a consequence.

 

Report Attributes Report Details
Report Name Blockchain Technology
Market Size in 2023 USD 2675.42 million
Market Forecast in 2030 USD 4685.23 million
Growth Rate CAGR of 5.59%
Number of Pages 130
Key Companies Covered GE, Hitachi, Invivo, Noras, Philips, Siemens Healthineers, Toshiba, and others.
Segments Covered By Type, By Application
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Breast Coil Market: Competitive Landscape

Some of the main competitors dominating the global breast coil market include;

  • GE
  • Hitachi
  • Invivo
  • Noras
  • Philips
  • Siemens Healthineers
  • Toshiba

The global breast coil market is segmented as follows:

By Types

  • Less Than 8 Channels
  • 8-16 Channels
  • Others

By Applications

  • Clinical Usage
  • Research Laboratory Usage
  • Others

By Region

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

Frequently Asked Questions:

 

What are the key factors driving global breast coil market growth?

Elevated demand for MRI techniques employed for biopsy guidance and diagnostic breast MR imaging, as well as the rising incidence of breast cancer, are driving the growth of the breast coil market.

What will be the CAGR of global breast coil market?

The global breast coil market is growing at a CAGR of around 5.59% during the forecast period (2024-2030).

What will be the value of the breast coil market during 2024- 2030?

According to Syndicate Market Research, the global breast coil market size was estimated at approximately USD 2675.42 million in 2023 and is expected to generate revenue of around USD 4685.23 million by 2030.

Which region will drive global breast coil market revenue?

North American region will dominate the global breast coil market.

Who are the key players operating in the global breast coil market growth?

Some major players covered in the global breast coil market are; GE, Hitachi, Invivo, Noras, Philips, Siemens Healthineers, Toshiba, and others.


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1 Preface

                  1.Report Description and Scope
                   2. Research Scope
                   3. Research Methodology
                               1. Market Research Process
                                2. Market Research Methodology

2 Executive Summary

1. Breast Coil Market, 2019-2030 (USD Million)
         2. Breast Coil Market: Snapshot
3 Breast Coil - Industry Analysis
         1. Breast Coil: Market Dynamics
          2. Market Drivers
                    1. Driver 1
                     2. .Driver 2
          3. Restraints
                     1. Restraint 1
                      2. Restraint 2
            4. Opportunity
                      1. Government funding and support
            5. Porter’s Five Forces Analysis
            6. Market Attractiveness Analysis
                      1. Market attractiveness analysis By Product Type
                       2. Market attractiveness analysis By Application
                       3. Market attractiveness analysis by Region
4. Breast Coil Market - Competitive Landscape
              1. Company market share analysis
                       1. Global Breast Coil Market: company market share, 2020
              2. Strategic development
                        1. Acquisitions & mergers
                         2. New Product launches
                         3. Agreements, partnerships, collaborations and joint ventures
                         4. Research and development and Regional expansion
                3. Price trend analysis
5. Global Breast Coil Market -By Type
                1. Global Breast Coil Market overview: By Type
                         1. Global Breast Coil Market share, By Product Type,2023 and 2030
                2. Less Than 8 Channels
                         1. Global Breast Coil Market by Less Than 8 Channels, 2019-2030 (USD Million)
                3. 8-16 Channels
                          1. Global Breast Coil Market by 8-16 Channels, 2019-2030 (USD Million)
                4. Others
                          1. Global Breast Coil Market by Others, 2019-2030 (USD Million)

6. Global Breast Coil Market -Applications
                1. Global Breast Coil Market overview: By Applications
                         1. Global Breast Coil Market share, By Product Type,2023 and 2030
                2. Clinical Usage
                         1. Global Breast Coil Market by Clinical Usage, 2019-2030 (USD Million)
                3. Research Laboratory Usage
                          1. Global Breast Coil Market by Research Laboratory Usage, 2019-2030 (USD Million)

8. Global Breast Coil Market - Regional Analysis
                  1. Global Breast Coil Market overview: by Region
                             1. Global Breast Coil Market share, by Region, 2023 and 2030
                   2. North America
                             1. North America Breast Coil Market, 2019-2030 (USD Million)
                              1. North America Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                              1. North America Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                              1. U.S. Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               2. U.S. Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               3. Canada Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               4. Canada Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               5. Mexico Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               6. Mexico Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                    3. Europe
                               1. Europe Breast Coil Market, 2019-2030 (USD Million)
                               1. Europe Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               1. Europe Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               1. UK Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               2. UK Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               3. Germany Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               4. Germany Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               5. France Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               6. France Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               7. Italy Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               8. Italy Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               9. Spain Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               10. Spain Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               11. Netherlands Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               12. Netherlands Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               13. Rest of Europe Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               14. Rest of Europe Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                    4. Asia Pacific
                               1. Asia Pacific Breast Coil Market, 2019-2030 (USD Million)
                               1. Asia Pacific Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               1.Asia Pacific Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               1. China Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               2. China Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               3. Japan Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               4. Japan Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               5. India Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               6. India Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               7. Australia Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               8. Australia Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               9. South East Asia Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               10. South East Asia Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               11.South Korea Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               12. South Korea Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                               13. Rest of Asia Pacific Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                               14. Rest of Asia Pacific Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                   5. Latin America
                                1. Latin America Breast Coil Market, 2019-2030 (USD Million)
                                1. Latin America Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                1. Latin America Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                2. Brazil Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                3. Brazil Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                4. Argentina Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                5. Argentina Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                6. Chile Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                7. Chile Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                8. Rest of Latin America Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                9. Rest of Latin America Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                   6. Middle East & Africa
                                1. Middle East & Africa Breast Coil Market, 2019-2030 (USD Million)
                                2. Middle East & Africa Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                3. Middle East & Africa Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                4. GCC Countries Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                5. GCC Countries Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                6. Nigeria Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                7. Nigeria Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                8. South Africa Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                9. South Africa Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
                                10. Rest of Middle East & Africa Breast Coil Market revenue, By Product Type, 2019-2030 (USD Million)
                                11. Rest of Middle East & Africa Breast Coil Market revenue, By Application, 2019-2030 (USD Million)
9. Company Profiles
                  1. GE
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  2. Hitachi
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  3. Invivo
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                   4. Noras
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                    5. Philips
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                    6. Siemens Healthineers 
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                   7. Toshiba
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                     
List of Figures

Market research process
Market research methodology
Global Breast Coil Market, 2019-2030 (USD Million)
Porter’s Five Forces Analysis

Global Breast Coil Market attractiveness, By Type
Global Breast Coil Market attractiveness, By Application

Global Breast Coil market share, By Type, 2023 and 2030

Global Breast Coil Market by Less Than 8 Channels, 2019-2030 (USD Million)
Global Breast Coil Market by 8-16 Channels, 2019-2030 (USD Million)
Global Breast Coil Market by Others, 2019-2030 (USD Million)

Global Breast Coil market share, By Application, 2023 and 2030
Global Breast Coil Market by Clinical Usage, 2019-2030 (USD Million)
Global Breast Coil Market by Research Laboratory Usage, 2019-2030 (USD Million)

North America Breast Coil Market, 2019-2030 (USD Million)
Europe Breast Coil Market, 2019-2030 (USD Million)
Asia Pacific Breast Coil Market, 2019-2030 (USD Million)
Latin America Breast Coil Market, 2019-2030 (USD Million)
Middle East & Africa Breast Coil Market, 2019-2030 (USD Million)

List of Tables

Global Breast Coil Market: snapshot
Drivers of the Breast Coil Market: impact analysis
Restraints of the Breast Coil Market: impact analysis
North America Breast Coil Market revenue, By Product Type,2019-2030 (USD Million)
North America Breast Coil Market revenue, By Application,2019-2030 (USD Million)
Europe Breast Coil Market revenue, By Product Type,2019-2030 (USD Million)
Europe Breast Coil Market revenue, By Application,2019-2030 (USD Million)
Asia Pacific Breast Coil Market revenue, By Product Type,2019-2030 (USD Million)
Asia Pacific Breast Coil Market revenue, By Application,2019-2030 (USD Million)
Latin America Breast Coil Market revenue, By Product Type,2019-2030 (USD Million)
Latin America Breast Coil Market revenue, By Application,2019-2030 (USD Million)
Middle East & Africa Breast Coil Market revenue, By Product Type,2019-2030 (USD Million)
Middle East & Africa Breast Coil Market revenue, By Application,2019-2030 (USD Million)

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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