The Global Market for Mammography Equipment is Projected to Reach US$2.2 Billion by 2024
Growing
Adoption of 3D Mammography to Drive the Global Mammography Equipment Market,
According to a New Report by Global Industry Analysts,
Inc.
GIA launches comprehensive analysis of industry segments, trends,
growth drivers, market share, size and demand forecasts on the global Mammography
Equipment. The global market for Mammography
Equipment is projected to reach US$2.2 billion by 2024, driven by increasing
patient awareness over the benefits of early breast cancer screening, rapid replacement
of digital mammography systems and growing adoption of 3D mammography systems.
Mammography remains the gold
standard technique in breast cancer screening, driven by a combination of
factors such as cost, required time for the procedure, expertise required to
carry out the procedure and the test’s sensitivity and specificity rates. Growth
in the market is supported by various factors including increasing patient
awareness of benefits of early breast cancer screening, growing female
geriatric population worldwide, rising incidence of breast cancer, continued
replacement of analog systems with digital systems and accelerating adoption of 3D mammography
systems. Implementation of healthcare programs by governments and
organizations, especially in developing countries is expected to further foster growth in the
mammography systems market.
Advancements in the area of
digital technologies have allowed users to minimize radiation dosage while
leaving the image quality intact. The current focus is on designs that optimize
workflow and improve patient safety, reduce pain and deliver a more comfortable
mammogram.. Besides, the image quality, companies are also working towards
improving patient experience. Breast Tomosynthesis or Digital Breast
Tomosynthesis or 3D mammography presents the latest advancement in the area of
mammography. The technology captures different angles of the breast that are
used in the construction of a 3-D image, a process that involves lesser
radiation exposure. 3D mammography also enables enhanced diagnostics,
especially for patients with dense breast tissue. Although the tomosynthesis
market comprises of only a handful of few players, individual variations in
technologies exist as manufacturers attempt to differentiate themselves from
competition. Advantages such as fewer biopsies, lesser call backs, improved
outcomes, better screening sensitivity, and greater patient comfort is expected
to accelerate wider adoption of 3-D tomosynthesis systems worldwide.
As stated by the new market research report on Mammography Equipment, the U.S. represents
the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest-growing
market with dollar sales projected to grow at a CAGR of 9.9% over the analysis
period. Growth in the region is primarily being driven by significant efforts
in the promotion of breast health screening and breast cancer awareness
programs., and rise in penetration of
digital mammography systems, especially in the private healthcare sector.
Key players in the market
include GE Healthcare, Hologic Inc., I.M.S. (Internazional Medico Scientifica)
srl, Philips Healthcare, Planmed Oy, Siemens Healthineers, and Toshiba Medical
Systems Corp., among others.
The research report titled
"Mammography Equipment: A
Global Strategic Business Report" announced by Global
Industry Analysts, Inc., provides a comprehensive review of trends, issues,
strategic industry activities of major companies worldwide. The report provides
market estimates and projections in dollars and units for major geographic markets
including the United States, Canada, Japan, Europe (France, Germany, Italy, UK,
Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of
Asia-Pacific) and Rest of World. Product segments analyzed in the report
include Analog Mammography Equipment and Digital Mammography Equipment.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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