Mammography Devices Market to Grow at a 5.78% CAGR through 2026
Increasing
concern towards early diagnosis of breast cancer drives the growth of the global
mammography devices market in forecast years, 2022-2026.
According to TechSci Research report, “Global
Mammography
Devices Market By Product Type (Full-field digital mammography, Film-screen
mammogram, Breast Tomosynthesis), By Technology (Digital v/s Analog), By End
User (Hospitals & Clinics, Diagnostic Centers, Others), By Region,
Competition, Forecast & Opportunities, 2026”, the global mammography devices market stood at USD2744.07 million and is expected
to grow at a steady rate of 5.78% during the forecast period. This can be
ascribed to the growing healthcare expenditure across different countries
coupled with improving healthcare infrastructure in different regions across
the globe. Additionally, growing number of screening programs coupled with
increasing number of conferences and symposiums focusing on spreading awareness
related to breast health and breast cancer is expected to create lucrative
opportunities for the market growth over the next few years. However, side
effects associated with the procedure along with pain and discomfort caused to
patients while going for mammography procedure can hamper the growth of market
through 2026. Besides, high cost of imaging system leads to affordability
constraints for small hospitals and diagnostic centers thereby making them to
go for refurbished equipment. This in turn is expected to negatively influence
the market growth over the next few years. Also, stringent regulatory approvals
process for the devices and product recalls can further restrict the market
growth over the next few years.
Browse over 111 market data Figures spread through 110 Pages and an in-depth TOC on "Global
Mammography Devices Market"
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The global mammography devices market is segmented on
the basis of product type, technology, end user, and regional distribution.
Based on product type, the market can be fragmented into full-field digital
mammography, film screen mammography and breast tomosynthesis. The full-field
digital mammography segment dominated the market in 2020 with a share of around
42.68%. The technological advancements have aided the growth of full-field
digital mammography machines helping it to assert its dominance over the
market. Advances like the introduction of computer aided design (CAD) in mammography
aids the radiologists in identifying the hidden tumorous cells and interprets
the images by putting the mammogram into digital form. This advancement in the
technology has aided to the growth of market. While the breast tomosynthesis
segment is also expected to witness significant growth during the forecast
period owing to the growing use of this technology in mammography technique and
improved clinical outcome. Additionally, this technique provides higher
efficacy, accuracy and specificity as compared to its counterparts. Based on
end user, the market can be categorized into hospitals & clinics,
diagnostic centers and others. The hospitals & clinics segment dominated
the market in 2020 with a share of around 49.48% on account of rising number of
breast screening procedures in hospitals and the availability of advanced
mammography systems.
Some of the major competitors in the market are
Siemens Healthineers AG, GE Healthcare (Smart Breast Corporation), Koninklijke
Philips N.V., Canon Medical Systems Corporation, Fujifilm Holdings Corporation,
Carestream Health, Inc., Delphinus Medical Technologies, Inc, Konica Minolta
Inc, Hologic Inc., Planmed OY, Metaltronica SpA, IMS Giotto S.P.A, NP JSC
Amico, Analogic Corporation, KUB Technologies Inc., among others. The companies
are focusing on extensive research and developments activities to stay
competitive in the market. Other competitive strategies include formation of
alliances and partnerships. Furthermore, several companies are also launching
programs to support breast cancer tests. For example, in August 2020, Hologic,
Inc. announced the launch of ‘Back to Screening’ campaign in order to encourage
women to schedules their delayed mammogram due to COVID-19 pandemic. Also, in
December 2019, GE Healthcare launched contrast enhanced mammography solution
for biopsy. This is the first contrast enhanced mammography solution for biopsy
which provides an edge to the company over the other competitors.
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“In 2020, Europe
dominated the global mammography devices market and is expected to continue its
dominance over the forecast period owing to the high prevalence of breast
cancer. In Europe, Belgium has the highest prevalence rate of breast cancer
followed by Luxembourg and Netherlands. Presence of well-developed and
organized healthcare infrastructure in the region coupled with supportive
government initiatives for breast cancer prevention and awareness are expected
to drive the market growth in the region over the next few years.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Mammography
Devices Market By Product Type (Full-field digital mammography, Film-screen
mammogram, Breast Tomosynthesis) By Technology (Digital Technology, Analog
Technology) By End User (Hospitals & Clinics, Diagnostic Centers, Others)
By Region, Competition Forecast & Opportunities, 2026”, has evaluated the
future growth potential of global mammography devices and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global mammography devices market.
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