Mammography Workstations Market Size to Reach USD 190.10 Million in 2028 Growing at a CAGR of 6.8%, according to Emergen Research
Emergen Research has published its latest report titled “Mammography Workstations Market, By Modality (Standalone, Multi-modal), By Application (Advanced Imaging, Diagnostic Screening, Clinical Review), By End-use (Hospitals & Clinics, Breast Care Centers, Academic Institutes & Research Centers), and By Region, Forecast to 2028”
According to Emergen Research, the global mammography workstations market size was USD 118.01 million in 2020 and is expected to reach USD 190.10 million in 2028 and register a revenue CAGR of 6.8% during the forecast period, 2021-2028.
The global mammography workstations market revenue growth is majorly supported by factors such as increasing prevalence of breast cancer across the globe, growing need for early breast cancer diagnosis and treatment, rise in government initiatives to spread breast cancer awareness, and rapid adoption of advanced mammography workstations in hospitals, clinics, and breast care centers. Other major factors further driving the global market revenue growth are emergence of technologically enhanced breast cancer diagnostic and imaging technologies such as the breast tomosynthesis procedure, new product launches and increasing regulatory approvals, increasing government investments in R&D activities for newer and more advanced breast cancer detection techniques, and rising focus of manufacturers on development of next-generation mammography workstations. As per a report issued by the World Health Organization (WHO) in 2018, more than 0.6 million women worldwide died of breast cancer.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Multi-modal Segment Accounted for Largest Revenue Share in 2020:
The multi-modal segment dominated other modality segments in terms of revenue share in the global market in 2020, owing to some favorable factors. Rapid adoption of multi-modal mammography workstations due to various advantages over standalone mammography workstations, such as higher quality patient care and improved radiological performance, and emergence of advanced multi-modal mammography workstations including the picture archiving and communication system (PACS) and radiological information system (RIS) are key factors contributing to the revenue growth of this segment.
Hospitals & Clinics Segment to Register Fastest Revenue CAGR:
Based on end-use, the global mammography workstations market is segmented into hospitals & clinics, breast care centers, and academic institutes & research centers. The hospitals & clinics segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Factors expected to drive revenue growth of this segment are growing prevalence of breast cancer, increasing number of breast cancer detection procedures, growing use of advanced mammography workstations in hospitals and clinics, and increasing government investments in healthcare infrastructure development.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America mammography workstations market accounted for the largest revenue share in the global market in 2020. Some of the principal factors driving the regional market revenue growth are rise in global geriatric population, growing prevalence of breast cancer, rising need for early breast cancer detection and treatment, technological advances mammography devices, and presence of key market players in the region, including GE Healthcare, Hologic, Inc., and Carestream Health.
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Major Companies in the Market Include:
- Koninklijke Philips N.V.
- EIZO Corporation
- GE Healthcare
- Sectra AB
- Esaote SpA
- Carestream Health, Inc.
- Siemens AG
- Hologic, Inc.
- Barco NV
- Konica Minolta, Inc.
- Agfa-Gevaert N.V.
For the purpose of this report, Emergen Research has segmented the global mammography workstations market based on modality, application, end-use, and region:
Modality Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
- Advanced Imaging
- Diagnostic Screening
- Clinical Review
End-use Outlook (Revenue, USD Million; 2018-2028)
- Hospitals & Clinics
- Breast Care Centers
- Academic Institutes & Research Centers
Region Outlook (Revenue: USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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