Mammography Market Outlook
Market Research Future (MRFR)’s insightful study reveals that the mammography market will soar at a healthy rate of 7.16% between 2020 and 2027 (appraisal period). The impressive growth of the mammography industry in recent years can be credited to the surging technological advances in the breast imaging field and the rising spending by numerous organizations on research activities. The mammography market size is further enhanced by the surge in breast cancer screening programs along with the mounting burden of breast cancer worldwide.
World over, the ageing population has been blossoming rapidly, with a soaring number of females falling under the 60 and above age segment. Additionally, women above the age of 60 are highly susceptible to breast cancer, which could also result in death. The heightened cases and mortality rates due to breast cancer, indicates the huge unmet need for breast cancer diagnostics. This could mean considerable business growth in the following years.
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Escalating use of digital mammography worldwide, given their impressive accuracy levels with respect to low-contrast objects, and higher dynamic change and better diagnostic quality of the images, will be a significant trend in the mammography market. These types of mammography tests provide an extra benefit of soft-copy image displays combined with soft-copy reading with the ability to be easily transferred.
Mammography Market Segmentation
Major applications of mammography are breast tomosynthesis film-screen systems, analog systems, digital systems, and more.
Depending on propulsion type, the mammography market caters to specialized clinics, hospitals, diagnostic centers, research institutions, and others.
Mammography Market Regional Insight
America steals the spotlight with the biggest portion of the worldwide mammography market, thanks to the robust presence of established firms, expanding patient base, and the use of state-of-the-art medical technologies. Over the past few decades, the American mammography market has been experiencing significant growth on the back of the rising government support and surging funding for research and development activities. Plus, with leading vendor adopting different marketing strategies like acquisitions and partnerships for greater consumer reach, the business value is bound to rise in the coming years.
As the second highest shareholder in the global industry, Europe benefits from the large-scale funds allocated for research and development and rise in government-led initiatives to educate people. The major achievers in the region are Germany and the United Kingdom (UK), where the existence of a well-developed healthcare infrastructure as well as the use of advanced technologies are the key growth boosters.
Asia Pacific could be the fastest advancing mammography market in the ensuing years, thanks to the mushrooming patient base combined with the rapidly emerging economies like Singapore, Japan, and India.
However, the slowest growth will be shown by the Middle East and Africa, given the presence of substandard healthcare infrastructure and poor economic conditions. But, the growth of the mammography market will be better in the Middle East, in response to the rise in healthcare funds along with the escalating number of government initiatives trying to spread awareness about breast cancer.
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Mammography Market Leading Vendors
Carestream Health., Hologic, INC., Konica Minolta Business Solutions India Private Limited, GENERAL MEDICAL ITALIA, GE Healthcare, BMI Biomedical International SRL, Canon Inc. Metaltronica SpA, PLANNED OY, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Gamma Medica, Inc., Siemens Healthcare, Villa Systems Medical SpA are the major mammography systems and solutions developers considered in the MRFR mammography market report.
Mammography Industry Update
Lunit confirms a Reference Site Agreement with a non-profit organization, Baheya Foundation for Early Detection & Treatment of Breast Cancer in Egypt, which focuses on treating women affected by breast cancer. The agreement dictates that the foundation will be adopting Lunit INSIGHT MMG, an advanced AI software that assesses mammograms with high detection power, using it during the screening process. The foundation will cover fast detection throughout all the stages of breast cancer treatment, such as chemotherapy, surgery, psychotherapy, radiation, clinical nutrition, and physiotherapy.
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