Mammography Systems Market

Mammography Systems Market is forecast to generate a revenue of USD 2,700 Million by 2025, exhibiting a CAGR of 8.0% CAGR over the forecast period (2018-2025), owing to the increasing application in hospitals, security, specialty clinics, and diagnostic centers.

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Major Mammography Systems Market Drivers

The major factors driving the global mammography system market size includes increasing prominence of 3D mammography and the rising incidences of breast cancer. As per the WHO, breast cancer is major cause of women’s death and almost two million people suffer from breast cancer. The advent of new generation 3D mammography equipment has improved the efficiency of breast cancer surgeries and treatments. Easy access to breast cancer screening systems aided by the strategic government initiatives to encourage clinical diagnosis is forecast to expand the mammography system market growth. For example, The Health Resources and Services Administration (HRSA) initiated a healthcare program to surge the screening procedures in medically underserved areas. In addition, the increasing technological advancements which include the development of development of innovative 3-Dimentional, non-ionizing and ionizing imaging solutions, will offer huge opportunities for the market.

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Product Segment Analysis

Digital systems segment is estimated to hold the largest share in the market over the upcoming years, owing to the strategic government initiatives, such as Medical Imaging Modernization Act, 2015, introduced to encourage technological advancements in breast cancer screening systems. Furthermore, the growing demand for digital systems among healthcare professionals is forecast to propel the segment’s growth.

Technology Segment Analysis

3D Mammography System technology is forecast to lead the market over the upcoming years. The growing demand for 3D systems in hospitals and diagnostic centers, owing to their efficiency in detecting cancer signs and reducing the overall diagnostic cost over 2D systems will expand the market’s growth. The continuous technological advancements in 3D mammography which include, the adoption of AI in 3D mammography has reduced mammography exam time to reduce time without impeding image quality is projected to strengthen the segment’s size.

End-Use Segment Analysis

Hospitals end-use segment is predicted to witness a faster CAGR in the market over the upcoming years, owing to the availability of advanced mammography systems. The growing deployment of multidisciplinary high-technology and patient-driven approach care are the factors influencing the segment’s size.

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Regional – Segment Analysis:

North America is predicted to witness a faster CAGR over the forecast period, owing to the increasing cases of breast cancer and accelerating geriatric population. As per the American Cancer Society, nearly 276,480 new cases of invasive breast cancer were detected in 2020. Increasing initiatives by various leading companies in the region to facilitate breast cancer tests which will propel the regional growth. In addition, the highly developed healthcare infrastructure and significant surge in healthcare spending are predicted to stimulate the regional growth.

Top Market Players

The report also profiles the key players operating in the market such as Fujifilm Holdings, GE Healthcare, Siemens Healthineers USA, Hologic Inc., Philips Healthcare, Toshiba Medical Systems Corporation, Carestream Health Inc., Planmed OY, and IMS Giotto S.P.A.

Key Developments:

• • In 2021, the government of Goa, India initiated an initiative providing free breast cancer screening for 1 lakh women. Breast cancer screening will be carried out at 35 Health Centres across Goa as part of this campaign
  • In 2020, Hologic Inc., a developer, producer, & vendor of high-quality diagnostics, and medical imaging devices declared U.S. FDA clearance for its Genius AI Detection technology, a new deep learning-based software designed to help radiologists detect subtle potential cancers in breast tomosynthesis images.

Segments covered in the Report:

The global market has been segmented on the basis of product type, end use, technology and key geographies from 2018-2025. On the basis of technology, the market has been segmented into 2D and 3D mammography systems. The 2D mammography systems segment is expected to account for the highest share whereas the 3D mammography systems segment is expected to witness growth at the highest CAGR. Also, on the basis of product type, digital mammography systems segment is expected to account for a high market share.

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Market Segmentation

Global Mammography Systems Market by Product Type

• Analog
• Digital

Global Mammography Systems Market by End Use

• Hospitals
• Ambulatory Surgical Centres
• Diagnostic Centres

Global Mammography Systems Market by Technology

• 2-D Mammography System
• 3-D Mammography System

Global Mammography Systems Market by Region

• North America Mammography Systems Market (Option 1: As a part of the free 25% customization)

  • By Product Type
  • By End Use
  • By Technology
  • US Market All-Up
  • Canada Market All-Up

• Europe Mammography Systems Market (Option 2: As a part of the free 25% customization)

  • By Product Type
  • By End Use
  • By Technology
  • UK Market All-Up
  • Germany Market All-Up
  • France Market All-Up
  • Spain Market All-Up
  • Rest of Europe Market All-Up

• Asia-Pacific Mammography Systems Market (Option 3: As a part of the free 25% customization)

  • By Product Type
  • By End Use
  • By Technology
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up

• RoW Mammography Systems Market (Option 4: As a part of the free 25% customization)

  • By Product Type
  • By End Use
  • By Technology
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • UAE Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Mammography Systems Market Competitive Landscape

• Major Players and their Key Strategies
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint venture