November 03, 2021
According to the research report titled, ‘Mammography Systems Market Size By Product (Analog Systems, Full Field Digital Mammography System (FFDM), Breast Tomosynthesis System), By Technology (Screen Film, 2D Mammography, 3D Mammography), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global mammography systems market is anticipated to amass notable gains during 2021-2027.
Rising prevalence of breast cancer and increasing cognizance about breast cancer screening, and early detection in developed nations are propelling the growth of global mammography systems market.
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For the unversed, mammography refers to a type of breast imaging technology that uses low dose x-rays for cancer detection. It has the ability to detect changes in the breast tissues way before it is palpable, thereby leading to the early detection and prevention of breast cancer.
In addition, surging government funding for breast cancer screening tests and technological advancements in this field are augmenting industry outlook. On the contrary, high capital investment associated with the system and rising concerns related to false negative results are likely to hamper market progression in ensuing years.
Based on product landscape, the analog systems segment captured a revenue share of USD 130 million in global mammography systems industry in 2020 and is projected to witness substantial demand over 2021-2027. The product has a lower repair and maintenance cost as compared to other systems. Besides, the images taken via analog systems can be easily converted into digital systems, thereby fueling the segmental size.
In terms of technology ambit of global mammography systems market, the others segment, comprising of synthesized 2D mammography and combined 2D and 3D mammography technology, is slated to exhibit a CAGR of 6.1% through 2027. This is can be credited to the better diagnostic efficacy rates of these systems.
By end-user scope, the others segment including diagnostic centers and mobile vans held an industry share of 13% in 2020 and is poised to amplify considerably over the forecast duration. High adoption of mammography technologies across diagnostic centers and increasing investments in healthcare infrastructure in emerging economies are adding traction to the overall market size.
Regionally speaking, North America market was valued at USD 730 million 2020 and is slated to record robust growth during 2021-2027 creditable to availability of an advanced healthcare infrastructure and high concentration of several major healthcare devices, technology, and equipment manufacturers.
Key players operating in global mammography systems market are Planmed OY, NP JSC Amico, Koninklijke Philips N.V., Siemens Healthineers AG, Konica Minolta Inc., IMS Giotto S.p.A, Hologic Inc., GE Healthcare Systems, Fujifilm Holdings Corporation, Delphinus Medical Technologies Inc., Carestream Health Inc., Canon Medical Systems Corporation, and Analogic Corporation.