Mammography Market Research Report: Treatment (Digital Systems, Analog Systems, Breast Tomosynthesis, Film Screen Systems and others), By Type (Screening Mammogram and Diagnostic Mammogram), End-User (Hospitals, Specialty Clinics, Diagnostic Centers, Research Institutes and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast 2027

ID: VPR/HC/1066 Publishing Year: January 2022 Pages: 92 Format:   


Mammography Market Overview:

During the forecast period, the Worldwide Mammography Market is expected to rise at a significant CAGR. The market's expansion can be linked to the rising prevalence of breast cancer and the increasing number of breast cancer screenings conducted around the world. The number of malignancies identified increased as the number of cancer screenings among women increased. Several components of our everyday life, according to the American Cancer Society, are increasing the occurrence of breast cancer. For example, smoking cigarettes and drinking alcohol every day can increase the risk of breast cancer. Furthermore, advancements in imaging technology and increased awareness about breast cancer detection in emerging nations are expected to drive market growth throughout the forecast period.

Key Players:

  • GE Healthcare
  • Koninklijke Philips NV
  • Hologic, INC.
  • Gamma Medica, Inc.
  • Konica Minolta Business Solutions India Private Limited
  • Carestream Health.
  • BMI Biomedical International SRL
  • Canon Inc
  • MetaltronicaSpA, PLANNED OY
  • FUJIFILM Holdings Corporation
  • GENERAL MEDICAL ITALIA
  • Siemens Healthcare
  • Villa Systems Medical SpA.

Market Drivers:

The key drivers driving the growth of the Mammography Market are the rising prevalence of breast cancer, technological advancements in the field of breast imaging, and investment from various organisations in breast cancer screening programmes.

Opportunities:

The increased efforts by various governments and non-governmental organisations (NGOs) to raise awareness about early identification of macrocalcifications in breast tissue may have helped to market growth. Early identification of mammary gland calcification is one of the primary opportunities projected to drive demand over the forecast period, according to some prominent organisations such as the National Breast Cancer Foundation, the Centers for Disease Control and Prevention, and the Breast Cancer Organization.

Restraints:

The lack of funding sources, societal shame, and radiation-related health concerns can all stifle Global Mammography Market Growth.

Challenges:

In the coming years, the Mammography Market is projected to face challenges. The following are three primary reasons behind this: The installed base of digital breast tomosynthesis (DBT) in the United States has reached saturation, Mammography equipment costs are expected to rise, and interest and growth will be moved elsewhere.

Market Segmentation:

The Mammography Market is divided into three categories based on technology: digital technology, CAD, and 3D technology.

The Mammography Market is divided into three categories based on product: analogue mammography systems, digital mammography machines, and breast tomosynthesis.

The Mammography Market is divided into three segments based on the end user: hospitals, ambulatory surgical centres, and specialist diagnostic centres.

Regional Analysis:

In 2015, North America had the majority of the market share, accounting for around 42.8 percent. Breast cancer cases are on the rise in the region, as is the population of women over the age of 40.

North America boasts advanced healthcare facilities, and payment coverage accounts for a major portion of the region's GDP. Furthermore, the market is likely to be driven by an increase in the number of Mammography units in hospitals and diagnostic centres, as well as the number of units per million women in the United States.

With a CAGR of 13.5 percent over the projection period, Asia Pacific is expected to be the fastest expanding market. Due to the dynamic shift in the lifestyle of the urban section of the countries, which is leading to a high frequency of breast cancer, the growing economies in the region, such as India and China, are profitable markets. One of the key reasons predicted to grow the market in the approaching years is the local presence of major players such as Hologic, Fujifilm, and Philips Healthcare.

Covid-19 Impact:

Because of social distancing measures imposed by governments around the world, the COVID-19 epidemic had a tremendous impact on Mammography Companies. Hospital and healthcare services were drastically reduced. Furthermore, the COVID-19 pandemic had a substantial impact not only on the global economy, but also on the operation of general hospital treatment for non-COVID-19 patients in hospitals all over the world. Because many hospitals and screening institutions are still closed owing to lockdowns, Mammography procedures are expected to be in short supply in the near future.

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