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A01713 | Pages: 230 | Charts: 52 | Tables: 131 |
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.
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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.
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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.
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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.
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Key Market Segments
Key Market Players