Mammography Systems Market Overview:
Global Mammography Systems Market was valued at $1,534 million in 2015, and is expected to reach $2,648 million by 2022, supported by a CAGR of 8.0% during the forecast period 2014 to 2022.
Mammography facilitates the detection of breast cancer and other breast-related diseases. These tests are used for screening and diagnosis of breast cancer among women. Increase in geriatric population, proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer, and upsurge in incidence rate of breast cancer are expected to drive the market growth. Moreover, better reimbursement insurance policies, increased government funding for breast cancer research and technological advancements, such as the breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues fuel the demand for mammography systems. However, radiation exposure risks and generation of false positive or negative are expected to impede the market growth.
Breast cancer is one of the significant health issues for women globally. This is evident from the findings of Breast Cancer Organization, which stated that over 30% of the newly diagnosed cancer in 2016 is expected to be breast cancer, which makes it the most commonly diagnosed cancer other than skin cancer, among American women.
Breast Cancer Incidence of North American Countries
Asia-Pacific possesses high market potential, due to its high population base, high disposable incomes, and improvement in patient awareness about breast cancer imaging. Moreover, the rapid aging population and increase in incidence of breast cancer in less developed countries such as India have further increased the demand for mammography systems. In other countries such as China the burden of breast cancer was low, with an ASR at 22.1 in 2012. However, lack of awareness and screening programs for breast cancer, high treatment cost, and insufficient treatment facility are some of the factors expected to fuel the incidence of breast cancer in the coming years.
South Africa: Mammography Systems Market, ($Million) 2014-2022
Mammography systems involve the use of low-energy ionizing radiations, such as X-ray, to detect unsuspected cancer. Healthcare organizations have undertaken numerous screening programs over the decade to decrease cancer-related mortality rates, worldwide. Healthcare organizations, such as American Medical Association, the National Cancer Institute, and the National Comprehensive Cancer Network recommend the use of routine screening mammograms for women above the age of 40 years to improve cancer screening participation to avoid the risk of developing breast cancer.
The key companies operating in the mammography systems market are Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation. The other players operating in the market include Aurora Imaging Technology, Inc., Carestream Health, Delphinus Medical Technologies, Inc., Micrima Limited, and Tualatin Imaging, P.C
- The study provides an in-depth analysis of the global mammography systems market, with current trends and future estimations, to elucidate the imminent investment pockets.
- Quantitative analysis from 2014 to 2022 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- The report provides actual historical figures for 2014 and Year-on-Year forecasts from 2016 to 2022, considering 2015 as base.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
Mammography Systems Market Key Segments
- Analog Mammography Systems
- Digital Mammography Systems
- Computed Radiography Systems
- Digital Radiography Systems
- Breast Tomosynthesis Systems
- 2-D Mammography
- 3-D Mammography
- Combined 2-D and 3-D Mammography
- Inpatient Settings
- Ambulatory Surgical Centers
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA