April 26, 2021
According to the research report titled ‘Global Mammography Workstation Market Size study, by Modality (Multimodal, Standalone), by Application (Diagnostic Screening, Advance Imaging, Clinical Review), by End-User (Hospitals, Breast Care Centers, Academia) and Regional Forecasts 2020-2027’, available with Market Study Report, global mammography workstation market was assessed at USD 116 million in 2019 and is projected to reach USD 200 million by the year 2027, growing at an annual rate of 7% throughout.
Growing prevalence of breast cancer, and rising funding for incorporation of the system are key factors catalyzing global mammography workstation market growth. Notably, mammography systems decrease the risk of death due to breast cancer.
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For the unversed, mammography refers to a non-invasive test that helps physicians to detect and cure medical conditions. It is a breast imaging system which uses low dose x-rays to identify cancers before women experience any symptoms. A mammography workstation enables physicians to view, store and operate x-ray images from different sources like CR, mammography, breast MR, digitized films, general radiography modalities, and breast ultrasound.
In a study by World Cancer Research Fund International, it was found that breast cancer is the most widespread type of cancer worldwide, and 2 million new cases are recorded among women annually.
As per the Cancer Research Society, more than 9.9 million people will suffer from breast cancer, and 5.5 million associated deaths are speculated to be recorded by the year 2030, due to rising geriatric population. This helps boost demand for mammography workstation worldwide.
On the other hand, unfavorable reimbursement scenario, and high price of mammography machines are key factors hindering the growth of global mammography workstation industry.
Based on application scope, worldwide mammography workstation market is bifurcated into clinical review, advance imaging, and diagnostic screening. Moving on to end user spectrum, the market is segregated into breast care centers, academia, and hospitals.
From the regional frame of reference, North America captured majority of global mammography workstation market share in the recent past, due to presence of many leading players in the region and rising number of product approvals.
Meanwhile, Asia Pacific market is projected to record strong CAGR over the analysis timeframe owing to improving healthcare facilities in emerging economies like China and India, and growing prevalence of breast cancer.
Key players profiled in the report are GE Healthcare, Agfa-Gevaert N.V., Hologic Inc., Siemens Healthineers AG, Fujifilm Holdings Corporation, Planmed Oy, and Koninkiljke Philips N.V.