Rising cases of breast cancer across the globe and increasing need for early cancer diagnosis are some of the key factors driving market revenue growth
According to Emergen Research, the global mammography workstations market size was USD 118.01 million in 2020 and is expected to reach USD 190.10 million in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
Rising prevalence of breast cancer, surging need for early cancer diagnosis, increasing government initiatives towards raising breast cancer awareness among the population, and increasing adoption of advanced multi-modal mammography workstations in hospitals, clinics, and breast care centers are key factors expected to significantly contribute to market revenue growth over the forecast period. Technological advances in breast cancer imaging and detection techniques, such as emergence of the breast tomosynthesis procedure is another major factor expected to drive the global market revenue growth over the forecast period. According to a 2018 report by the World Health Organization (WHO), there were over 0.6 million deaths worldwide caused by breast cancer.
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Mammography workstations are characterized by an open architecture that enables high-resolution screening and imaging and captures, manages, and archives digital images, providing support to the diagnostic workflow. The global mammography workstations market revenue growth is further driven by increasing new product launches and regulatory approvals, rising government investments in research & development activities for new breast cancer detection techniques, and growing focus of healthcare companies on developing next-generation mammography workstations.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Multi-modal Segment Accounted for Largest Revenue Share in 2020:
Based on modality, the multi-modal segment accounted for the largest revenue share in the global mammography workstations market in 2020. Factors contributing to the growth of this segment include rising awareness of the advantages of multi-modal mammography workstations. Multi-modal mammography workstations offer diagnostic solutions such as the radiological information system (RIS) and picture archiving and communication system (PACS), and provides high-quality patient care and improves radiological performance.
Hospitals & Clinics Segment to Register Fastest Revenue CAGR:
Among end-use segments, the hospitals & clinics segment is expected to register the fastest revenue CAGR in the global mammography workstations market over the forecast period. Rising prevalence of breast cancer, increasing volumes of breast cancer detection procedures, rapid adoption of mammography workstations in hospitals & clinics to improve diagnostic performance, and rise in government investments in the healthcare sector are the key factors expected to drive revenue growth of this segment.
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North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America mammography workstations market accounted for largest revenue share in the global market in 2020. Surge in geriatric population, rising cases of breast cancer, growing need for early breast cancer diagnosis, and technological advances mammography devices are some of the primary factors driving the North America market growth. Presence of major industry players in the region, including Hologic, Inc., GE Healthcare, and Carestream Health, is another key factor contributing to the regional market growth.
Major Companies in the Market Include:
- Koninklijke Philips N.V.
- EIZO Corporation
- GE Healthcare
- Sectra AB
- Esaote SpA
- Carestream Health, Inc.
- Siemens AG
- Hologic, Inc.
- Barco NV
- Konica Minolta, Inc.
- Agfa-Gevaert N.V.
For the purpose of this report, Emergen Research has segmented the global mammography workstations market based on modality, application, end-use, and region:
Modality Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
- Advanced Imaging
- Diagnostic Screening
- Clinical Review
End-use Outlook (Revenue, USD Million; 2018-2028)
- Hospitals & Clinics
- Breast Care Centers
- Academic Institutes & Research Centers
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Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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