December 26, 2019
According to a latest research report titled ‘Mammography Systems Market Size By Product (Analog Systems, Full Field Digital Mammography Systems {FFDM}, Breast Tomosynthesis Systems), By Technology (Screen Film, 2D Mammography, 3D Mammography), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast,2019-2025’, available on MarketStudyReport.com, the global mammography systems market is slated to surpass USD 3.6 billion by 2025.
Rising awareness related to the early detection of breast cancer combined with the availability of free breast screening programs is slated to be a major determinant that would likely fuel the mammography systems market growth. The reimbursement policies for the screening procedures of mammography will further drive the adoption of mammography in developed nations.
Growing incidence of invasive breast cancer all across the world is likely to stimulate the market expansion in the upcoming years. In fact, as per Breastcancer.org estimates, approximately one in eight women is likely to develop invasive form of breast cancer once during her lifespan.
Major risk factors related to breast cancer like genetic factors, child-bearing and adoption of lifestyle habits that are unhealthy, and hormone replacement therapy are likely to remarkably contribute towards the adoption of breast cancer modalities. These factors are projected to further propagate industry expansion.
With regards to technology, advancements in technology used in mammography systems is likely to offer fruitful opportunities for the market expansion in the upcoming future. 2D mammography systems accounted for a revenue share of 70% in 2018. The 2D technology systems offers improvement in outcomes with clearer images more than screen film technology.
Most of the countries such as Canada, Japan, U.S and others are adopting this technology for enhancing diagnosis rate of invasive cancer. This technology is also used in full field mammography and systems like breast tomosynthesis machines, further leading to segmental growth over the projected timeframe.
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Innovations by Hologic like the personalized mammography to enhance the comfort of patients while screening will further aid in driving consumer preferences.
The list of prominent mammography systems industry players includes companies such as Siemens Healthineers, GE Healthcare, Hologic, Inc., Korean C and Fujifilm among others.
Most of the competitors are further engaging in activities such as strategic mergers and acquisitions and to launch new products to achieve better market growth and to stay ahead of the competition.