Global Mammography Systems Market Overview – Key Futuristic Trends and Opportunities 2027
Category: #business  By Ronak Bora  Date: 2021-08-19
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Global Mammography Systems Market Overview – Key Futuristic Trends and Opportunities 2027

The global mammography systems market share is anticipated to witness a major upsurge over the foreseeable future, as a result of the increasing prevalence of breast cancer, along with the rapid advances in technology to develop innovative mammography devices for early disease detection worldwide.

Mammography equipment is capable of producing exceptionally sharp images and ensuring a seamless transition between the imaging mode, in addition to its advanced clinical applications. These enhanced features aid in the early detection of breast cancer and in turn, create favorable growth environments for the mammography systems market.

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There has been an increasing burden of obesity in recent years, as well as expanding elderly populations who are prone to breast cancer, driving up demand for mammography systems significantly. Other key factors influencing the product demand include dense breast tissue, previous history of breast cancer, radiation exposure, and high alcohol consumption.

Furthermore, populations across the globe are accelerating the deployment of mammography screening, owing to the rapid adoption of 3D mammography equipment and strong awareness about early disease detection.

As per Global Market Insights, Inc. estimates, the global mammography systems market is set to depict a CAGR of 7.8% through 2027.

In order to improve the clinical outcomes and save time, market participants are introducing advanced mammography products in recent years, including AI-based breast imaging technology. This technology can lead to accurate and reliable classification of breast tissues without causing any intervention, while bringing about a reduction in treatment costs.

The industry forecast is also likely to be bolstered considerably by the mounting product launches, alongside rapid regulatory approvals of multiple mammography procedures. To illustrate, in September 2017, GE Healthcare announced FDA 510(k) clearance of Senographe Pristina Dueta, its industry-first and patient-assisted mammography system. The company developed the device to help women individually manage compression during examinations performed on its new mammography device, Senographe Pristina*.

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In terms of segmentation by product, the global mammography systems market from the full field digital mammography (FFDM) segment accounted for a market share of over 66% in 2020, which was attributable to the significant improvements in clinical outcome via the usage of this system. Moreover, it can deliver enhanced screening in young women and those with dense breast tissues.

On the basis of technology, the 3D mammography segment is poised to exhibit a high growth rate in years ahead, owing to the technology’s capability to provide advanced images of breast cancer tissues & characterization of breast lesions. The segmental progression will further be credited to the availability of reimbursement policies, considerable surge in the detection of invasive cancer, and low recall rates.

Considering the end-use spectrum, the hospitals segment is anticipated to register revenue worth nearly $2.5 billion by 2027, on account of the rising incidences of breast cancer, coupled with the presence of high-end technology and experienced radiologists in the hospital settings worldwide. Government initiatives to educate people about the availability of mammography tests in hospitals will drive segmental growth.

On the regional front, the Asia Pacific mammography systems market is poised to record a considerable revenue over the forthcoming years, owing to the accelerating number of patients with cancer and strong awareness about the early cancer diagnosis among adult and young women in the region. The regional industry trends will also be fostered by the rising healthcare expenditure, robust adoption of novel technologies, and the launch of mobile mammography screening tools.

The competitive landscape of the mammography systems market consists of Siemens Healthineers, Hologic, GE Healthcare, Fujifilm Holding Corporation, Canon Medical System Corporation, and Analogic Corporation, among other industry players. These firms are focusing on strategies such as new product developments, M&A, and business expansions to boost their product reach and sales.

For instance, in January 2019, Trivitron Healthcare’s radiology division, Kiran Medical Systems introduced Flat Panel Digital C-arm & Felicia, its Elite digital mammography system, at the Arab Health Convention held in Dubai, with an objective to fight the burden of breast cancer via its advanced technology.

Partial Chapter of the Table of Content:

Chapter 2   Executive Summary

2.1    Mammography market industry 3600 synopsis

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Technology trends

2.1.4    End-use trends

2.1.5    Regional trends

Chapter 3   Mammography Market Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027 (USD Million)

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing incidence of breast cancer across the globe

3.3.1.2    Rising awareness about breast cancer screening and early detection in developed countries

3.3.1.3    Rising government funding for breast cancer screening tests in developed countries

3.3.1.4    Technological advancement in developed countries

3.3.2    Industry pitfalls & challenges

3.3.2.1    High capital investment

3.3.2.2    False-negative result

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By technology

3.4.3    By end-use

3.5    COVID-19 impact analysis

3.6    Regulatory landscape

3.6.1    U.S.

3.7    Reimbursement landscape

3.7.1    U.S.

3.8    Technology landscape

3.9    Pricing analysis

3.10    Porter's analysis

3.11    Competitive landscape, 2020

3.12    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/mammography-systems-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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