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Mammography Systems Market

Mammography Systems Market by Product Type (Analog Mammography Systems, Digital Mammography Systems), by Modality (Portable Mammography Systems, Non-Portable Mammography Systems), by End User (Impatient Settings, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  A01713
Pages: 230
Mar 2022 | 10603 Views
Author(s) : Amol Prakash Phoke , Onkar Sumant
Tables: 131
Charts: 52
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Mammography Systems Market Research, 2030

The global mammography systems market size was valued at $2,246.1 million in 2020, and is projected to reach $4,718.5 million by 2030, growing at CAGR of 7.5% from 2021 to 2030.  Mammography is nothing but X-ray photograph of women breast. 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 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.

The COVID 19 outbreak has affected the growth of the mammography systems industry owing to the lockdown measure in different countries and delay in manufacturing and production of wide variety of X-ray imaging devices, and mammography systems.

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Breast cancer is one of the significant health issues for women globally. For instance, in 2022, an estimated 287,850 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S., along with 51,400 new cases of non-invasive breast cancer. About 1 in 8 U.S. women (about 13%) can develop invasive breast cancer over the course of her lifetime. This is anticipated to boost the demand for mammography systems market. This market is expected to witness significant growth during the forecast period due to increase in incidence of breast cancer, rise in geriatric population, and proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer. In addition, 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 hamper the mammography systems market growth.

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 players profiled in the market report include 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

Major players such as Toshiba Medical Systems, Hologic Inc, and others adopted product launch and acquisition as key developmental strategies to improve the product portfolio of warehouse robots. For instance, in December 2019, Hologic Inc. acquired Alpha Imaging LLC, for a purchasing price of $18.0 million. This is expected to improve the product portfolio of the company.

The mammography systems market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into analog mammography systems and digital mammography systems. Analog mammography systems segment dominated the market in 2020.

Mammography Systems Market
By Product Type

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Analog mammography systems segment dominate the market.

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On the basis of modality, the market is categorized into portable mammography systems and non-portable mammography systems. The portable mammography systems segment dominates the global mammography systems market size.

Mammography Systems Market
By Modality

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Non-portable segment dominate the market in 2020.

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On the basis of end user, the market is bifurcated into in-patient settings and ambulatory surgical centers. The in-patient settings segment has the maximum mammography systems market share in 2020.

On the basis of region, the mammography systems industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America registered the highest revenue growth, followed by Europe. LAMEA is predicted to grow faster than Asia-Pacific with a CAGR of 11.3% during the forecast period.

Mammography Systems Market
By Region

2030
North America 
Asia-pacific
Lamea
Europe

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a significant rate of 8.8% during the forecast period.

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Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, mammography systems market size, mammography systems market share, and dynamics of the mammography systems market analysis from 2020 to 2030 to identify the prevailing mammography systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the mammography systems industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global mammography systems market trends, key players, market segments, mammography systems market forecast, application areas, and market growth strategies.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Analog Mammography Systems
  • Digital Mammography Systems

By Modality
  • Portable Mammography Systems
  • Non-Portable Mammography Systems

By End User
  • Impatient Settings
  • Ambulatory Surgical Centers

By Region
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Europe
  • LAMEA
    • Latin America
    • Middle East
    • Africa
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe

Key Market Players
  • Allengers Medical Systems Ltd
  • Fujifilm Holding Corporation
  • General Electric Company
  • Hologic Inc
  • Konica Milota Inc
  • Koninklijke Philips N.V. (Philips Healthcare)
  • Metaltronica SPA
  • Planmeca OY
  • Siemens Aktiengesellschaft
  • Toshiba Corporation
 

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This section provides the opinions of the CXOs of the companies operating in the global mammography systems market. On the basis of interviews conducted, the adoption of mammography systems is expected to increase in near future due to rise in incidence rate of breast cancer globally, surge in geriatric population, and better reimbursement insurance for several breast imaging techniques such as 3D tomosynthesis. The mammography systems market has piqued the interest of healthcare professionals owing to the growth in use of these modalities for early detection of breast cancer.

Furthermore, proactive initiatives by several healthcare organizations to increase awareness about breast cancer and surge in government funding for breast cancer research are expected to drive the mammography systems market. However, radiation exposure and inaccurate results are expected to hamper the market growth. Moreover, the adoption of full-field digital mammography has increased in the recent years due to ease in detection of breast cancer among women with dense breast tissues. In addition, the adoption of several other modalities, such as 3D breast tomosynthesis and combination of 3D & 2D mammography is expected to increase in the future, as these are highly effective when used as an adjunct with mammography for the detection of small cancers. As per the CXOs, the use of these imaging modalities is the highest in the North American region, owing to heavy expenditure by the government on healthcare and supportive reimbursement policies. It is followed by Europe and Asia-Pacific, respectively.

However, lack of awareness & 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.

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FREQUENTLY ASKED QUESTIONS?

A. Rise in breast diseases globally, which drive the growth of the mammography systems market.

A. North America dominated the market in 2020.

A. Breast tomography, and imaging devices, are some of the applications of mammography systems.

A. The market size of global mammography systems is $2,246.1 million in 2020.

A. Fujifilm Holding Corporation, Hologic Inc, and Toshiba Corporation are some of the top companies which has highest market share in mammography systems market.

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