The global mammography system market is expected to reach USD 4,255.3 Million by 2027, according to a new report by Emergen Research. The market for mammography system is experiencing high demand attributed to the rising occurrence of breast cancer and the usage of mammogram in identifying masses/lesions and other abnormalities in the breasts. Breast cancer is the most commonly occurring cancer type in women with more than 2 million new breast cancer cases in 2018. The global breast cancer survival rates vary greatly, ranging from around 80% in North America, Japan, and Sweden to nearby 60% in middle-income nations and lower than 40% in low-income nations. Hence, the implementation of breast imaging to screen and detect malignant cells in the human breast is driving the demand for the mammography system market.
Growing technological advancements and increased investments in the diagnosis of breast imaging are causative of the rapid growth of the mammography system market. Hologic’s Intelligent 2-D imaging technology and Clarity HD high-resolution 3-D imaging received premarket approval (PMA) from the U.S. FDA (Food and Drug Administration) and are obtainable on the 3Dimensions breast tomosynthesis system. With these advancements, the breast imaging system offers higher resolution 3-D breast images for radiologists, improved workflow for technologists, and a better mammography experience with low-dose alternatives for patients.
mammography system Market Size – USD 2,081.6 Million in 2019, Market Growth – CAGR of 9.3%, Market Trends –Growing awareness for early detection of breast cancer
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By product type, digital mammography system (full-field digital mammography (FFDM) system), in terms of revenue, contributed to the largest market share in 2019. It offers the advantage of magnification and adjustment of the images to pinpoint and precisely inspect the abnormalities. Further, the images can be transferred electronically to other physicians, radiologists, and breast surgeons, for analysis.
By usage, diagnosis is likely to grow at a faster rate in the forecast period. Diagnostic mammography finds use in the evaluation of a patient with a breast lump. Besides, diagnostic mammography may be performed post abnormal screening mammograms to assess the target area.
By end-users, diagnostics centers are projected to grow at the fastest rate of 10.0% in the forecast period. Diagnostic centers are fitted out with the requisite mammography system and specialist staff, as well as healthcare personnel, for assisting in the process of detecting diseases in women displaying specific symptoms.
North America contributed to the largest mammography system market share in 2019 and is expected to grow at a rate of 8.8% in the forecast period. The market dominance is owing to the higher acceptance of advanced technologies, well-established healthcare facilities, the surging incidence of breast cancer, and the enactment of numerous initiatives for raising awareness about breast cancer in the region.
Key participants include Hologic, Siemens Healthineers, Metaltronica, Philips Healthcare, Fujifilm, Mindray Medical International Limited, Planmed Oy, GE Healthcare, and IMS Sri, among others.
Radical Highlights of the Mammography System Market Report:
Comprehensive overview of the Mammography System market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Mammography System market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Emergen Research has segmented the global mammography system market on the basis of product type, usage, end-users, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Usage Outlook (Revenue, USD Billion; 2017-2027)
End Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Regional Analysis of the Mammography System Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Unfolding the prime factors prompting growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Mammography System market into a broad product spectrum.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
The report strives to present the reader with deep insights of the market that can assist them in making fruitful business decisions and strategic investment plans. It highlights the lucrative investment opportunities and growth prospects to help key companies and new entrants capitalize on the emerging opportunities and gain a robust footing in the market.
The report further segments the market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the forecast period.
Key Objectives of the Report:
Analysis and estimation of the Mammography System market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Mammography System market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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