Mammography Systems Market Size to Reach US$ 4,718.5 Million by 2030

According to QY Research Medical, the mammography systems market size was estimated at $2,246.1 million in 2020, and is expected to reach $4,718.5 million by 2030, growing at CAGR of 7.5% from 2021 to 2030.

 Mammography is nothing but X-ray photograph of women breast. Mammography facilitates the detection of breast cancer and other breast-related diseases. These tests are used for screening and diagnosis of breast cancer among women. Increase in geriatric population, proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer, and upsurge in incidence rate of breast cancer are expected to drive the market growth. Moreover, better reimbursement insurance policies, increased government funding for breast cancer research, and technological advancements, such as breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues, fuel the demand for mammography systems. However, radiation exposure risks and generation of false positive or negative are expected to impede the market growth.

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Breast cancer is one of the significant health issues for women globally. For instance, in 2022, an estimated 287,850 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S., along with 51,400 new cases of non-invasive breast cancer. About 1 in 8 U.S. women (about 13%) can develop invasive breast cancer over the course of her lifetime. This is anticipated to boost the demand for mammography systems market. This market is expected to witness significant growth during the forecast period due to increase in incidence of breast cancer, rise in geriatric population, and proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer. In addition, better reimbursement insurance policies, increased government funding for breast cancer research, and technological advancements, such as the breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues, fuel the demand for mammography systems. However, radiation exposure risks and generation of false positive or negative hamper the mammography systems market growth.

Scope of the Report

Mammography systems involve the use of low-energy ionizing radiations, such as X-ray, to detect unsuspected cancer. Healthcare organizations have undertaken numerous screening programs over the decade to decrease cancer-related mortality rates, worldwide. Healthcare organizations, such as American Medical Association, the National Cancer Institute, and the National Comprehensive Cancer Network recommend the use of routine screening mammograms for women above the age of 40 years to improve cancer screening participation to avoid the risk of developing breast cancer.

The key players profiled in the market report include Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation

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Major players such as Toshiba Medical Systems, HologicInc, and others adopted product launch and acquisition as key developmental strategies to improve the product portfolio of warehouse robots. For instance, in December 2019, Hologic Inc. acquired Alpha Imaging LLC, for a purchasing price of $18.0 million. This is expected to improve the product portfolio of the company.

The mammography systems market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into analog mammography systems and digital mammography systems. Analog mammography systems segment dominated the market in 2020.

On the basis of modality, the market is categorized into portable mammography systems and non-portable mammography systems. The portable mammography systems segment dominates the global mammography systems market size.

On the basis of end user, the market is bifurcated into in-patient settings and ambulatory surgical centers. The in-patient settings segment has the maximum mammography systems market share in 2020.

On the basis of region, the mammography systems industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America registered the highest revenue growth, followed by Europe. LAMEA is predicted to grow faster than Asia-Pacific with a CAGR of 11.3% during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, mammography systems market size, mammography systems market share, and dynamics of the mammography systems market analysis from 2020 to 2030 to identify the prevailing mammography systems market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the mammography systems industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global mammography systems market trends, key players, market segments, mammography systems market forecast, application areas, and market growth strategies.

 Key Market Segments

• By Product Type
  • Analog Mammography Systems
  • Digital Mammography Systems
• By Modality
  • Portable Mammography Systems
  • Non-Portable Mammography Systems
• By End User
  • Impatient Settings
  • Ambulatory Surgical Centers
• By Region
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Europe
  • LAMEA
    • Latin America
    • Middle East
    • Africa
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe

Key Market Players

• Allengers Medical Systems Ltd
• Fujifilm Holding Corporation
• General Electric Company
• HologicInc
• Konica MilotaInc
• Koninklijke Philips N.V. (Philips Healthcare)
• Metaltronica SPA
• Planmeca OY
• Siemens Aktiengesellschaft
• Toshiba Corporation

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