Rising prevalence of breast cancer worldwide and increasing awareness of early diagnosis and treatment of breast cancer are among the key factors driving Mammography System market revenue growth.
Rising prevalence of breast cancer worldwide and increasing awareness of early diagnosis and treatment of breast cancer are among the key factors driving Mammography System market revenue growth.
Emergen Research has published its latest report titled “Mammography System Market, By Product Type (Analog Systems, Digital Systems, Breast Tomosynthesis), By Usage (Screening, Diagnosis), By End-use (Hospitals & Clinics, Diagnostic Centers, Research Institutes), and By Region Forecast to 2028”
According to Emergen Research, the global mammography system market size was USD 2,275.18 million in 2020 and is expected to reach USD 4,651.04 million in 2028 and register a revenue CAGR of 9.3% during the forecast period, 2021-2028.
Market Dynamics:
The global mammography system market revenue growth is primarily attributed to factors such as rising prevalence of breast cancer worldwide, increasing awareness of early diagnosis and treatment of breast cancer, and rapid adoption of advanced mammography systems in hospitals, diagnostic clinics, and breast care centers. Growing need for technologically advanced breast cancer diagnostic and imaging techniques, such as breast tomosynthesis, increasing government initiatives to raise breast cancer awareness among the public, rise in research & development activities for newer and more advanced mammography systems, and increasing regulatory approvals for new product launches are among the other key factors expected to boost the global market revenue growth over the forecast period.
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Breast cancer is one of the most common cancer types detected in women. According to a 2018 survey by the WHO, more than 0.6 million women across the globe died of breast cancer, accounting for around 15% of the world’s total number of cancer deaths. Furthermore, factors such as introduction of 3D mammography technology and continuous advancements in 3D mammography systems, such as integration of artificial intelligence to enhance image quality and reduce examination time, are expected to support market revenue growth over the forecast period.
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
Breast Tomosynthesis Segment Accounted for Largest Revenue Share in 2020:
Based on product type, the global mammography system market is segmented into Analog Systems, Digital Systems, and Breast Tomosynthesis. The breast tomosynthesis segment dominated other segments in terms of largest revenue share in the global market in 2020. Increasing use of breast tomosynthesis technology in breast screenings due to several advantages over other mammography technologies, such as higher diagnostic accuracy, enhanced safety and efficacy, better visualization of breast tissue, and improved clinical outcomes, is one of the major factors driving this revenue growth of this segment.
Hospitals & Clinics Segment to Account for Fastest Revenue CAGR:
Based on application, the global mammography system market is segmented into Hospitals & Clinics, Diagnostic Centers, and Research Institutes. The hospitals & clinics segment is expected to register the fastest revenue CAGR in the global market over the forecast period. Rising awareness of early detection of breast cancer, increasing volumes of breast cancer screenings, growing availability of well-resourced operating and diagnostic rooms in hospitals, and rapid adoption of advanced mammography systems are expected to boost revenue growth of this segment.
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North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America mammography system market accounted for the largest revenue share in the global market in 2020. Growing prevalence of breast tumors, rising awareness of early breast cancer detection, increasing government focus on raising breast cancer awareness among the population, growing use of advanced mammography systems in healthcare facilities, and presence of highly advanced healthcare infrastructure in the region are major factors supporting the regional market revenue growth.
Major Companies in the Global Mammography System Market Include:
- Hologic Inc.
- Siemens Healthineers
- Metaltronica
- Philips Healthcare
- Fujifilm
- Mindray Medical International Limited
- Planmed Oy
- GE Healthcare
- IMS Sri
For the purpose of this report, Emergen Research has segmented the global mammography system market on the basis of product type, usage, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018-2028)
- Analog Systems
- Digital Systems
- Breast Tomosynthesis
Usage Outlook (Revenue, USD Million; 2018-2028)
- Screening
- Diagnosis
End-use Outlook (Revenue, USD Million; 2018-2028)
- Hospitals & Clinics
- Diagnostic Centers
- Research Institutes
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Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Mammography System Market Segmentation & Impact Analysis
4.1. Mammography System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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