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 market intelligence report takes a closer view of the global market share, estimated growth preparedness. rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the mammography system market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the mammography system industry.Growing investments in the field of breast imaging and rising occurrences of breast cancer are among the significant factors influencing the market growth.
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Key Highlights From The Report
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.
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.
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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
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)
- Analog Systems
- Digital Systems
- Breast Tomosynthesis
Usage Outlook (Revenue, USD Billion; 2017-2027)
- Screening
- Diagnosis
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Diagnostic Centers
- Research Institutes
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)
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
Read More: https://www.emergenresearch.com/industry-report/mammography-system-market
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