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Mammography Systems Market
The Mammography Systems Market is estimated to generate a revenue of USD 2,700 million by the end of 2025, growing at a CAGR of 8.0% during the forecast period (2018-2025).
The factors driving the growth of Mammography Systems Market includes rise in the cases of breast cancer around the world, increasing geriatric population, growing awareness about screening and early detection of breast related diseases. According to the report published by World Health Organization, around 2.3 million women were diagnosed breast cancer in 2020 worldwide, out of which 685,000 deaths were reported during the same year, which is pushing health institutions around the world to adopt mammography systems. Moreover, rise in Government’s funding to medical institutions, growing popularity of 3-Dimentional and ionizing imaging solutions, introduction of innovative products and increasing number of cancer treatment centers, are some of the additional factors supplementing the Mammography Systems Market Growth. In addition, the increasing investments by leading players on research and development, rapid urbanization and rising disposable incomes, are further propelling the Global Mammography Systems Market.
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However, the growth of Mammography Systems Market is hindered due to generation of false negative or positive reports by the mammography systems.
The major players operating in the market are Toshiba Medical Systems Corporation, Carestream Health Inc., Planmed OY, Fujifilm Holdings, GE Healthcare, Siemens Healthineers USA, IMS Giotto S.P.A., Hologic Inc. and Philips Healthcare, among others.
Product Type: Segment Analysis
Based on Product Type, the Digital segment is anticipated to capture the largest market share during the forecast period. Technological innovations in the breast cancer screening systems and growing demand for digital mammography systems by healthcare professionals, are some of the factors responsible for the segment’s growth.
Technology: Segment Analysis
Based on Technology, the 3-D Mammography System segment is predicted to hold the highest market share over the forecast period because the 3-D mammography systems are increasingly used in hospitals and diagnostic centers to detect early symptom of breast cancer, and these are comparatively less expensive than 2D systems.
End Use: Segment Analysis
Based on End-Use, the Hospitals segment is projected to grow at a significant CAGR during the forecast period because the mammography systems help in early detection of breast cancer in women experiencing symptoms such as a lump and skin dimpling.
Regional: Segment Analysis
Based on Region, the North American region is anticipated to expand at a remarkable CAGR over the forecast period. Rise in the geriatric population, increasing Government expenditure on the healthcare sector, high per capita incomes and improved living standards, are some of the factors augmenting the Mammography Systems Market size in North America.
Market Segmentation
Segmentation by Product Type
Analog
Digital
Segmentation by End Use
Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Segmentation by Technology
2-D Mammography System
3-D Mammography System
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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