Mammography Systems Market size to exceed $3.5bn by 2025

Mammography Systems Market size is set to exceed USD 3.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Rising prevalence of breast cancer coupled with technological advancements in mammography machines will drive the market growth. Moreover, rising government initiatives to create awareness among women about breast cancer and importance of its early detection will further impel the market demand during the projection period.

 

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Rising awareness about breast cancer in emerging countries will positively drive mammography systems industry growth

High incidence and mortality rate associated with breast cancer can be attributed to lesser childbearing, obesity and growing adoption of hormone replacement therapy. Progressing age also significantly contributes to development of breast cancer in women. Thus, growing adoption of advanced screening systems and government initiatives to create awareness among women about diagnosis of breast cancer at early stages to avoid complications, will substantially drive the market share.
 

Better diagnosis rate and reduced exposure to radiation through advanced breast imaging modalities will create numerous growth opportunities for the market

Breakthroughs in breast cancer screening equipment such as use of synthesized 2D technology and digital breast tomosynthesis will escalate the market demand of advanced mammography systems. Enhanced breast imaging modalities reduce recall rate and offer effective detection of cancer, even in dense breast tissues. Thus, accurate diagnosis coupled with exposure to low dose of radiation will drive the demand for mammography equipment rendering significant positive impact on the industry growth.
 

Browse key industry insights spread across 150 pages with 76 market data tables & 9 figures & charts from the report, Mammography Systems Market Size By Product (Analog Systems, Full Field Digital Mammography Systems, Breast Tomosynthesis Systems), By Technology (Screen Film, 2D Mammography, 3D Mammography), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Brazil, Mexico, South Africa, Saudi Arabia), Price Trends, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mammography-systems-market
 

Technological advancements in mammography system will spur the market demand

Based on product, the mammography systems market is segmented into analog systems, full field digital mammography systems and breast tomosynthesis systems. Full Field digital mammography accounted for more than 66.0% in 2018. High efficiency and accurate results contribute majorly in the segmental growth. The market outlook in developed countries have witnessed a rapid adoption of advanced systems for precise screening and lowering the burden of breast cancer. The number of false-positive results are also reduced by adoption of latest technology. Thus, major industry players are launching technologically advanced mammography systems and rising awareness through screening programmes among the population, thus augmenting the segmental growth.
 

Reduced recall rates will increase customer preference for 3D technology

Based on technology the market is categorized into screen film, 2D mammography, 3D mammography and others. 3D mammography technology segment will witness lucrative CAGR of 9.3% in the upcoming years. Large number of hospitals use advanced 3D technology as it produces clear image of the breast tissue. The mammography machine based on 3D technology sends low doses of X-rays signals through different angles, later compiling all the images into one 3D, high-quality image. Other advantages associated with the technology include complete and detailed impression of the breast. Additionally, it helps the doctor in identifying malignant growth in the breast tissue, thus impelling its adoption rate over the forecast years.
 

Expanding number of ambulatory surgical centers will drive the industry demand for mammographs

Demand for mammography systems will expand across ambulatory surgical centers (ASCs) at 8.3% CAGR during the projected timeframe. Advanced medical infrastructure, specialized doctors and fast-paced accurate results will propel the patient preference for screening procedure in ASCs. Number of ambulatory surgical centers is rapidly increasing around the world, particularly in the U.S. Furthermore, increasing disposable income and rising awareness about diagnosis among people will escalate the industry growth over the analysis period.
 

High prevalence of breast cancer in Europe will spur mammography systems market outlook

Europe mammography system market share held USD 617.4 million revenue size in 2018 and will witness steady growth in the future. High industry demand is attributed to rising incidence of breast cancer among women as well as men. As per the European Organization for Research and Treatment of Cancer, one among three men with breast cancer are not treated favorably. Additionally, unhealthy lifestyle, less childbearing, excessive smoking and drinking are the key contributors to rising incidence of breast cancer among women. Thus, rising prevalence of breast cancer coupled with high mortality rate will augment the adoption of breast imaging techniques positively impacting the market growth.
 

Agreements between established industry players forms the key strategy adopted for business expansion

Few of the leading companies such as Carestream Health, Fujifilm, GE Healthcare, Hologic, Korean C, Planmed Oy, and Siemens Healthineers, among others are dominating the mammography systems market. These market players are adopting various strategies such as new product launch, geographic expansion, mergers & acquisitions and partnerships with leading distributors to sustain the increasing competition. For instance, in March 2018, Philips signed an agreement with Hologic for selling and distribution of mammography equipment, thereby strengthening company’s geographical presence and overall mammography business.
 

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