Global mammography systems market is set to gain massive momentum in the upcoming years, perhaps due to the ongoing advancements in breast cancer detection technology along with increasing awareness regarding early detection of breast cancer.
Global mammography systems market is set to gain massive momentum in the upcoming years, perhaps due to the ongoing advancements in breast cancer detection technology along with increasing awareness regarding early detection of breast cancer. Additionally, rising prevalence of invasive breast cancer around the globe will support the clinical application of mammography in the upcoming years. According to Breastcancer.org statistics, one in eight women is anticipated to develop invasive breast cancer over a lifetime. This will instigate the demand for mammography for breast cancer screening further.
Speaking of technological advancements in mammography, in 2018, Siemens Healthineers received FDA clearance for its advanced mammography platform MAMMOMAT Revelation. According to the company, this platform is integrated with a new InSpect specimen imaging tool and new HD Breast Biopsy technology for one-click targeting of affected areas.
According to Global Market Insights, Inc. report, mammography systems market size is projected to surpass USD 3.6 billion by 2025, considering the significance of below mentioned trends:
Strategic initiatives by prominent business players
The Major mammography systems market players operating in mammography systems market such as GE Healthcare, Hologic, Inc., Siemens Healthineers, Fujifilm and Korean C, etc. are implementing several strategic initiatives such as product development, mergers, and acquisitions in order to expand their business and gain a competitive edge in the mammography systems market. For instance, in 2018, Solis Mammography and Hologic jointly developed SmartCurve technology designed to enhance the detection rate of invasive breast cancer and provide more comfort to the patient during diagnosis. Apparently, the product launch helped the company strengthen its product portfolio and its market position globally.
Burgeoning demand for analog mammography systems
Analog mammography systems segment accounted for a significant valuation of around USD 135 million in 2018 and is likely to show robust growth over the ensuing years. This can be credited to the advantages associated with this technology such as lower dose of X-ray radiations and precise detection of changes in tissue of size 1-2mm. Besides, these machines are comparatively cost-effective, and the produced images can be converted into digital form using computed radiography and saved in DICOM format, which is likely to fuel the product adoption.
Rising popularity of 2D mammography systems
2D mammography systems segment held a sizeable revenue share of around 70% in 2018 and is projected to grow over time owing to the improved outcomes and clearer images offered by these systems. Further, 2D technology systems reduce the amount of radiation as well as the exposure time and provide high-quality images with better positioning. In addition, it is cost-effective as compared to screen film technology owing to minimum recall rates. Countries such as the U.S., Canada, Japan, etc. are increasingly adopting this technology to improve diagnosis rate of invasive cancer. Further, this technology is used in full-field mammography along with breast tomosynthesis machines, thereby propelling the segmental growth over the foreseeable future.
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Increased application across diagnostic imaging centers
Diagnostic imaging centers are estimated to observe accelerating growth over the forthcoming years. This can be credited to the increasing deployment of mammography machines in diagnostic centers across several developing countries such as India. In addition, rising initiatives for promoting early screening of breast cancer along with enhancements in healthcare infrastructure will complement the segment growth further.
Growing prevalence of breast cancer in the UK
UK mammography systems market is expected to witness an appreciable CAGR of 8.8% through 2025 owing to increased product demand on account of rising cases of breast cancer in the country. This is majorly due to increasing adoption of unhealthy lifestyles and smoking habits along with rising prevalence of obesity. In this regard, the UK has developed a centralized mammography screening program aimed at proper mammogram reading for reducing false-positive results. As per Cancer Research UK statistics, every year, around 2 million women in the country undergo breast screening. This has influenced the adoption of advanced breast screening equipment in the UK which will foster the business growth to a much larger extent in the future.
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