PUBLISHER: Grand View Research | PRODUCT CODE: 1790185
PUBLISHER: Grand View Research | PRODUCT CODE: 1790185
Breast MRI Market Summary
The global breast MRI market size was valued at USD 2.30 billion in 2024 and is projected to reach USD 5.28 billion by 2033, growing at a CAGR of 9.70% from 2025 to 2033. The demand for breast MRI is rising owing to the advancements in MRI technology and the growing burden of breast cancer.
In addition, growing awareness and screening initiatives for breast cancer are anticipated to drive market growth in the coming years. The rising global burden of breast cancer is a significant factor driving the growth of the breast MRI market. Breast magnetic resonance imaging is widely used to detect additional cancerous areas within the breast and serves as a critical screening tool for individuals at high risk of developing breast cancer. According to data released by the World Health Organization in February 2025, approximately 1 in 20 women worldwide will be diagnosed with breast cancer during their lifetime. If current trends persist, the number of new breast cancer cases is projected to reach 3.2 million annually by 2050, accompanied by 1.1 million deaths related to the disease each year. In 2022 alone, an estimated 2.3 million new breast cancer cases and 670,000 related deaths were reported globally. This increasing prevalence of breast cancer is expected to significantly boost the demand for breast MRI throughout the forecast period.
In addition to the global rise in breast cancer cases, several key regions-including Asia, Europe, North America, and Latin America-are experiencing significant prevalence of the disease. The graph below highlights the growing regional burden of breast cancer, illustrating the predicted incidence rates by 2030.
Global Breast MRI Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global breast MRI market report based on product, imaging technique/contrast use, condition, end-use, and region: