Mammography Systems Market

Mammography systems Market Size:

According to the research report, the mammography systems market Size is expected to be around USD 3 billion by 2025. For instance, as per Centers for Disease Control and Prevention, and National Cancer Institute, in 2014, in the U.SD 236,968 women and 2,141 men were diagnosed with breast cancer.            

Mammography systems Market Drivers and Restraints:

The market has seen significant growth in the recent past due to the increase in government funding to support the imminent R&D for breast cancer. Breast cancer, being the most common form of cancer in the female population across the globe, is known to have its risk increase with age and is most common in women aged 40 years and above. 30% of the newly diagnosed cancer in 2016 is anticipated to be breast cancer, which makes it the most usually diagnosed cancer other than skin cancer, among women.

The cancer imaging industry requires constant advancements to provide simple, cost-effective, and efficient solutions for precise and quick diagnosis of the condition. The important increase in the reimbursement policies across the globe is also inevitably promoting the development of cancer imaging industry. 

Further, the mammography system market requires relaxation in the legal requirements and rules to simplify the R&D as well as the approval process for the companies; thus, providing companies to devote more time to solve compound challenges by innovating new components or technologies to attain better product efficiency.

However, constraints like the fear of radiation exposure risks and generation of false positive or negative also restrict the market growth substantially.

Besides dipping the turnaround time of treatment, the mammography system also provides intensification and light masking flexibility of 3D images to physicians for more exact diagnosis. A combined 2D and 3D technology segment is assessed to exhibit the highest growth rate of 14.7% during the forecast period. Amongst its end users, the ambulatory surgery centres segment is poised to grow at the highest CAGR of 9.0% during the forecast period till 2023.  Meanwhile, there also exists another form of mammography called the Analog mammography which is one of the earlier techniques used for breast cancer screening. The different end users such as hospitals, ambulatory centres, and diagnostic centres are projected to grow at important rates.

Segmentation Overview:

On the basis of Product Type, Digital mammography systems dominated the global market in 2016. This can be attributed to existing advanced features including image brightness, size, and contrast which assist in identifying the precise location and level of cancer. Breast tom synthesis systems segment is expected to grow at highest CAGR during the forecast period.

On the basis of Technology, 2D mammography accounted for the major share of the global mammography systems market in 2016. This can be attributed to the growing need for better communication and advanced diagnosis. On other hand, 2D and 3D technology segment is expected to grow at highest CAGR during the forecast period.

On the basis of End User, Inpatient settings segment dominated the global mammography systems market in 2016. However, ambulatory surgery centers segment is expected to grow at highest CAGR during the forecast period.

Mammography systems Market Regional Analysis:

Geographically, the global mammography systems market has been segmented into five major regions North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The influence of North America to the global mammography system market was valued at about 37% in 2017. The considerable investments made by diagnostic imaging companies in the fields of mammography are also promoting the development of breast cancer diagnosis, which are inevitably fueling the growth of the North American market. Asia Pacific is anticipated to grow at an impressive XX% CAGR during the forecast period and contributes about 28% of the total global market value in 2017.

Mammography systems Market Key Players:

• Siemens AG,
• Fujifilm Holdings Corporation
• General Electric Company
• Hologic, Inc.
• Toshiba Medical Systems Corporation (recently acquired by Canon Inc.)
• Konica Minolta, Inc.
• Delphinus Medical Technologies, Inc.
• Analogic Corporation
• Koninklijke Philips N.V.
• Planmed Oy.

This research report includes following segmentation for the Mammography systems Market size and forecast until 2025

Mammography systems Market-By Product Type:

• Digital Mammography Systems
• Computed Radiography Systems
• Digital Radiography Systems
• Breast Tomosynthesis Systems
• Analog Mammography Systems

Mammography systems Market-By Technology:

• 2D Mammography
• 3D Mammography
• 2D and 3D Mammography

Mammography systems Market-By End User:

• Ambulatory Surgical Centers (ASCs)
• Inpatient Settings

Mammography systems Market-By Geographical Segmentation:

North America

• U.S
• Canada
• Mexico

Europe

• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• Japan
• China
• Australia
• India
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Brazil
• South Africa
• Saudi Arabia
• Turkey
• United Arab Emirates
• Others

** Our research team can customize this research report as per your needs/queries. Please write your thoughts to sales@researchcosmos.com