The global Mammography Systems Market generated $1.53 billion in 2015 and is projected to attain $2.64 Billion by 2022, growing at a CAGR of 8.0% during the forecast period, 2016-2022.
The growth of the global mammography systems market is driven by rise in prevalence of breast cancer, increase in awareness for breast cancer, surge in geriatric population, and rapid technological advancements. However, risks due to radiation and inaccurate results hamper market growth. Nonetheless, the combination of 2D and 3D mammography would provide lucrative opportunities for emerging market players in the near future.
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The report segments the global mammography systems market by type, technology, end-user, and geography.
Based on type, the report segregates the market into analog mammography systems, digital mammography systems, and breast tomosynthesis systems. The digital mammography systems segment is expected to continue its market dominance through 2022, due to the presence of advanced features such as image size, brightness, and contrast which helps determine the precise location and extent of cancer using a computer screen.
Based on technology, the market is categorized into 2-D mammography, 3-D mammography, and combined 2-D and 3-D mammography. In 2015, the 2-D mammography segment generated almost four-fifths of the total revenue. It is expected to remain the dominant segment through 2022. However, the combined 2-D and 3-D mammography segment is projected to register the highest CAGR of 14.7% during the forecast period.
Based on end-user, the report demarcates the market into inpatient settings and ambulatory surgical centers. The inpatient settings segment occupied more than half of the overall market in 2015. On the other hand, the ambulatory surgery centers segment is poised to grow at the highest CAGR of 9.0% during the forecast period
Asia-Pacific is projected to grow at the highest CAGR of 9.0% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to overcome the unmet medical needs.
The report also profiles key players involved in the global mammography systems market, such as Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.
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