Mounting cases of breast cancer and continuous technological advancements in the healthcare sector is anticipated to facilitate new growth prospects in mammography systems market. Growing prevalence of obesity and increasing geriatric population base are considered to be some of the major factors that can amplify the risk of breast cancer. Elevating awareness among population about early detection of breast cancer can result in the increase in adoption of mammography screening procedure.
Other major factors that can increase chances of breast cancer are past history of the disease, dense breast issues, alcohol consumption, and radiation exposure. Innovations in mammography devices allow with the early detection of breast cancers, helping abstain the prevalence of this disease. These devices offer features like sharp images and seamless transition between imaging mode, and advanced clinical application that help in the early detection of breast cancer.
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According to Global Market Insights, the mammography systems market size was valued over USD 2 billion in 2020 and is expected to witness a 7.8% CAGR between 2021-2027.
The full-field digital mammography (FFDM) demand is anticipated to increase due to the rising adoption rate and significant improvement in clinical outcomes. The FFDM systems offer enhanced screening of younger women having dense breast tissues. Superior benefits provided by FFDM as compared to other mammography devices will boom the market growth. As per a report, full-field digital mammography (FFDM) systems segment held for over 66.0% of the market share in 2020.
Expanding case of breast cancer worldwide is expected to drive the number of breast screenings procedures conducted across hospitals. The hospital segment is projected to grow at a remarkable rate and is expected to reach over USD 2.5 billion by 2027. Availability of experienced radiologists along with high-end technology will influence device usage. While favorable initiatives taken by governments for reimbursements for mammography tests in hospitals could play a major contribution in the segment growth.
Prominent players operating in the global mammography systems industry include GE Healthcare, Hologic, Canon Medical System Corporation (Toshiba Medical System Corporation), Fujifilm Holding Corporation, Analogic Corporation, and Siemens Healthineers among others. These players are being involved in the adoption of new technologies and product development.
They are also focusing on boosting product promotion for enhancing their sales operations. For instance, in March 2018, Philips signed a deal with Hologic for the development and sale of mammography equipment. The deal was aimed at increasing the penetration of products and expanding the customer base. Snowballing number of product unveilings coupled with prompt product consent is expected to stimulate the mammography systems market expansion.
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Partial Chapter of the Table of Content
Chapter 4 Mammography Market, By Product
4.1 Key segment trends
4.2 Analog System
4.2.1 Market size, by region, 2016 – 2027 (USD Million)
4.3 Full field digital mammography
4.3.1 Market size, by region, 2016 – 2027 (USD Million)
4.4 Breast tomosynthesis
4.4.1 Market size, by region, 2016 – 2027 (USD Million)
Chapter 5 Mammography Market, By Technology
5.1 Key segment trends
5.2 Screen film
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.3 2D mammography
5.3.1 Market size, by region, 2016 – 2027 (USD Million)
5.4 3D mammography
5.4.1 Market size, by region, 2016 – 2027 (USD Million)
5.5.1 Market size, by region, 2016 – 2027 (USD Million)