Market Size of Europe Breast Cancer Screening Tests Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.83 Billion |
Market Size (2029) | USD 1.26 Billion |
CAGR (2024 - 2029) | 8.68 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Breast Cancer Screening Tests Market Analysis
The Europe Breast Cancer Screening Tests Market size is estimated at USD 0.83 billion in 2024, and is expected to reach USD 1.26 billion by 2029, growing at a CAGR of 8.68% during the forecast period (2024-2029).
COVID-19 impacted the breast cancer screening tests market in the initial phases owing to the cancellations of elective procedures, including diagnostic imaging tests. For instance, an article published in the British Journal of Cancer in February 2022 stated that population breast screening services in England were suspended during the COVID-19 pandemic. Also, an article published in the British Journal of Cancer in November 2022 reported that all breast cancer screening centers in England paused routine screening invitations during the initial months of COVID-19. As per the same source, a reduction of 23% was observed in breast cancer diagnosis in 2021 and 2% higher in 2021-22 in England as compared to the year before the pandemic. However, the market started recovering since the restrictions were lifted and diagnostic imaging tests resumed. The market is expected to register a stable growth rate during the forecast period owing to the rising government initiatives to boost breast cancer screening in the European region.
The studied market is expected to grow during the forecast period owing to the growing incidence of breast cancer, government initiatives for early detection of breast cancer, and increasing clinical trial developments and technological advancements in tests.
The high burden of breast cancer in Europe is expected to boost the demand for breast cancer screening tests during the forecast period. For instance, according to the European Breast Cancer Coalition 2022 report, 1 in 11 women in the European Union develop breast cancer before the age of 74. Also, according to 2021 statistics published by Breast Cancer Now, it has been observed that about 55,000 women are diagnosed with breast cancer in the United Kingdom every year. The same source reported that 46,000 people are diagnosed with breast cancer in England every year, followed by 4,700 in Scotland, 2,800 in Wales, and 1,500 in Northern Ireland. Thus, the high burden of breast cancer in the European region is expected to accelerate the demand for breast cancer screening tests, thereby propelling the market growth during the forecast period.
Furthermore, the rising clinical trials for the development and evaluation of screening tests are also contributing to the market growth. For instance, according to clinicaltrials.gov, a clinical trial sponsored by the University Medical Center, Utrecht, Netherlands, is expected to be completed by April 2023. The objective of this study is to determine the cost-effectiveness of biennial screening with mammography and MRI compared to mammography alone in women aged 50-75 years who show more than 75% mammographic density. The rising clinical trials are expected to create an opportunity for market players to develop advanced screening tests, which are further expected to boost the market growth.
The rising research studies by government and private organizations to develop technologically advanced screening tests are expected to expand the market growth. For instance, in May 2022, the Barcelona Supercomputing Center (BSC) coordinated QUSTom (Quantitative Ultrasound Stochastic Tomography), a new European project that aimed to launch a new medical imaging modality based on ultrasound and supercomputing, which will replace current techniques that use X-rays such as mammograms. This technology is found to be safer for patients as it does not use any type of radiation. It will also offer superior image quality and better monitoring of tumors, among other advantages. Such projects intend to revolutionize breast cancer detection using ultrasound imaging and thereby augment the market growth during the forecast period.
Additionally, in January 2021, Hologic Inc. launched 3D ultrasound imaging on the SuperSonic MACH 30 and 20 ultrasound systems in Europe. This innovation gives clinicians access to high-resolution B-mode and ShearWave PLUS elastography 3D volumes, providing additional insights and enhancing diagnostic certainty for breast cancer. The launches by market players are expected to augment the demand for imaging tests in the region during the forecast period.
Therefore, owing to the aforementioned factors, such as the high burden of breast cancer, rising clinical trial developments, and increasing product launches, the studied market is anticipated to witness growth over the analysis period. However, the high cost of breast cancer screening tests, side effects of radiation during screening tests, and errors in screening are likely to impede the market growth.
Europe Breast Cancer Screening Tests Industry Segmentation
As per the scope of the report, breast cancer screening is carried out to detect cancer in its early stages and ensure timely treatment for the patients. Breast cancer can affect different parts of the breast, such as the ducts and the lobes.
The European Breast Cancer Screening Tests Market is Segmented by Test Type (Genomic Tests and Imaging Tests (Mammograms, Ultrasound, MRI, Tomography, and Other Imaging Tests) and Geography (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe). The report offers the market size in value terms in USD for all the abovementioned segments.
By Test Type | |||||||
Genomic Tests | |||||||
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Geography | |
Germany | |
France | |
United Kingdom | |
Italy | |
Spain | |
Rest of Europe |
Europe Breast Cancer Screening Tests Market Size Summary
The Europe breast cancer screening tests market is poised for significant growth over the forecast period, driven by an increasing incidence of breast cancer and supportive government initiatives aimed at early detection. The market, which experienced a temporary setback due to the COVID-19 pandemic's impact on elective procedures, has shown resilience and is expected to expand steadily. This growth is further bolstered by advancements in diagnostic technologies and the rising number of clinical trials focused on developing and evaluating new screening methods. The high prevalence of breast cancer in Europe, coupled with efforts to enhance screening accessibility and effectiveness, is anticipated to propel market demand.
Technological innovations and product launches are key factors contributing to the market's expansion. The introduction of advanced imaging techniques, such as 3D ultrasound and AI-integrated mammography, is expected to enhance diagnostic accuracy and increase the adoption of screening tests. Additionally, initiatives like the European cancer screening scheme aim to ensure widespread access to screening services, further driving market growth. Germany, in particular, is expected to hold a significant market share due to its proactive awareness campaigns and the presence of major market players. The competitive landscape is characterized by a mix of established companies and emerging players, all contributing to the dynamic growth of the breast cancer screening tests market in Europe.
Europe Breast Cancer Screening Tests Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Incidence of Breast Cancer and Government Initiatives for Early Detection of Breast Cancer
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1.2.2 Increasing Clinical Trial Developments and Technological Advancements in Tests
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1.3 Market Restraints
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1.3.1 High Cost of Breast Cancer Screening Tests
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1.3.2 Side Effects of Radiation during Screening Tests and Errors in Screening
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Test Type
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2.1.1 Genomic Tests
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2.1.2 Imaging Test
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2.1.2.1 Mammograms
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2.1.2.2 Ultrasound
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2.1.2.3 MRI
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2.1.2.4 Tomography
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2.1.2.5 Other Imaging Tests
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2.2 Geography
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2.2.1 Germany
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2.2.2 France
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2.2.3 United Kingdom
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2.2.4 Italy
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2.2.5 Spain
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2.2.6 Rest of Europe
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Europe Breast Cancer Screening Tests Market Size FAQs
How big is the Europe Breast Cancer Screening Tests Market?
The Europe Breast Cancer Screening Tests Market size is expected to reach USD 0.83 billion in 2024 and grow at a CAGR of 8.68% to reach USD 1.26 billion by 2029.
What is the current Europe Breast Cancer Screening Tests Market size?
In 2024, the Europe Breast Cancer Screening Tests Market size is expected to reach USD 0.83 billion.