Wilmington, Delaware, United States, Transparency Market Research Inc.: Breast cancer is the most common form of cancer in the female population across the globe.
Wilmington, Delaware, United States, Transparency Market Research Inc.: Breast cancer is the most common form of cancer in the female population across the globe. Risk of breast cancer increases with age and is common in women aged 40 years and above. Morbidity rate of breast cancer is rapidly increasing in developed countries than developing countries. Incidence of breast cancer is rapidly increasing in geriatric population and rise in use of hormone replacement therapy (HRT), which results in increase in need for breast imaging diagnostic solutions worldwide.
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Mammography is considered as the standard detection method for breast cancer. Use of X-ray to screen breasts is known as mammography. Women below the age of 40 years are more sensitive to radiation than women above 40 years, and thus it is advisable to avoid mammogram for women below the age of 40. However, several breast cancer awareness organizations and similar societies established by governments recommend women who are at a high risk of breast cancer to undergo mammogram more frequently.
The global mammography systems market was valued approximately US$ 1.5 Bn in 2016 and is anticipated to expand at a CAGR of over 8.0% from 2017 to 2025 to reach US$ 3.1 Bn by 2025. There are two types of mammography systems: analog mammography systems and digital mammography systems. Analog mammography is one of the early techniques used for breast cancer screening. The digital mammography system is also known as full-field digital mammography (FFDM). In this mammography system, the x-ray film which is used in the analog mammography system is replaced by electronics. This converts x-rays into mammographic pictures of the breast.
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The global mammography systems market has been segmented based on technology, end-user, and geography. In terms of technology, the global mammography systems market has been classified into analog mammography systems and digital mammography systems. In 2016, the digital mammography systems accounted for a major share of the market. The digital mammography systems segment is further bifurcated into 2-D mammography systems and 3-D mammography systems.
High incidence of breast cancer and rise in geriatric population are likely to drive the market during forecast period. According to World Cancer Research Fund, the number of breast cancer cases are likely to reach 2.1 million in 2030. Moreover, public mammography screening programs are anticipated to boost the global mammography systems market. As a part of the federal budget 2013-2014, the Government of Australia announced US$ 55 Mn for the free national breast screen program. Based on end-users, the global mammography systems market has been segmented into hospitals, ambulatory surgical centers, educational & research institutes, and diagnostic centers.
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Geographically, the global mammography systems market has been divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the global mammography systems market in 2016, followed by Europe. This is attributed to developed economy, advanced health care infrastructure, and awareness among the population regarding breast cancer screening and diagnostics. The digital mammography systems segment accounts for a large share of the market in North America and Europe.
Asia Pacific is expected to be a promising market for mammography systems due to increasing population, rising health care facilities, and developing economies. Additionally, Asia Pacific is focusing on increasing cancer diagnostics and treatment centers, which is anticipated to drive the market during forecast period. Growth of the market in the Middle-East and Latin American is also encouraging manufacturers to expand their business in these regions. This is anticipated to propel the mammography systems market in these emerging regions during the forecast period.
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Key players operating in the global mammography systems market are Hologic, Inc., Allengers Medical Systems Limited, FUJIFILM Holdings America Corporation, Konica Minolta, Inc., PLANMED OY, Siemens Healthcare Private Limited, Koninklijke Philips N.V., and GE Healthcare. These players adopt organic and in-organic growth strategies to expand their product offerings, strengthen their geographical reach, increase customer base, and garner market share. For instance, in 2017, FUJIFILM Europe announced the launch of new option for AMULET Innovality digital mammography unit. Fujifilm developed a new reconstruction process, which is expected to improve image quality and reduce radiation dose.
Global Mammography Systems Market to Grow with Rising Incidence of Breast Cancer
The growth of the global mammography systems market is a function of advancements in female healthcare. Women are prone to suffering from several diseases that are exclusive to the fairer sex. This has escalated the concerns of the medical industry towards ensuring premium care and analysis of diseases peculiar to women. Mammography systems have been in use across the healthcare industry for over a decade. However, their devices and systems have undergone formidable advancements in recent years. The changing requirements for diagnosis of diseases in the breasts has led to these visible advancements in the structure, functioning, and configuration of mammography systems. Therefore, the global mammography systems market is slated to expand at a stellar pace in the times to follow.
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The formidable rate of advancements in healthcare, especially after the outbreak of the coronavirus disease, has given an impetus to market growth. The COVID-19 pandemic caused mass panic across the world as people began to look for comorbidities and diseases that escalate after contraction of the virus. This also enabled the people to discover new diseases and prevention methodologies that were previously not known or taken care of. These trends also brought several healthcare issues related to women to light. The use of mammography systems for diagnosis and treatment of breast diseases is rising at a stellar pace in these times.
The rising incidence of breast cancer has caused an uptick in sales across the global mammography systems market. Several women have been diagnosed with other diseases related to the breast. The healthcare industry is making active to promote and improve breast health in women. This factor shall unlock new avenues for growth for the vendors operating in the global mammography systems market. Mammography exams have become common across the domain of cardiology, creating new pathways for market expansion.
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