The analytical research report on ‘Global Digital Mammography Market’ available with MarketStudyReport, claims that global digital mammography market is estimated to record a considerable CAGR during 2022-2028, and subsequently amass a sizable valuation by the end of the forecast period.
Rise in the incidences of breast cancer, favorable government initiatives that improve awareness regarding the disease, and the penetration of innovative & technically sound products are the major factors facilitating global digital mammography market remuneration.
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For those unaware, digital mammography, or full-field digital mammography (FFDM) as it is otherwise known, is a mammography technique wherein an X-Ray film is ousted to insert mammographic pictures of the breast by the way of electricity. This system is primarily utilized to detect abnormalities within the human body such as nipple discharge or breast lumps.
In addition, the rapid integration of artificial intelligence (AI) with healthcare infrastructure and improved reimbursement policies for breast cancer are likely to amplify the revenue margins of the industry in the coming years.
Despite the positive outlook, lack of awareness and high costs of 3D mammography systems is expected to hamper the scope of revenue generation for the industry space over the forecast timeline.
Considering end-use spectrum, the hospitals segment is estimated to grow at a considerable pace over the analysis duration, owing to the steady incorporation of technologically sound mammography systems within hospitals that may facilitate faster treatment plans, thereby significantly reducing the period of hospital stay.
Geographically, North America market is likely to progress at a commendable rate through 2028, owing to the surging prevalence of breast cancer, and significant advancements in breast cancer therapies & imaging modalities.
Meanwhile, Asia Pacific industry landscape is likely to contribute a promising share to overall revenue during the assessment period, attributable to increasing prevalence of breast cancer, growing emphasis on breast cancer screening programs as well as rising cognizance regarding the disease in the region.
The competitive terrain of global digital mammography industry is influenced by major players such as GE Healthcare, Siemens Healthcare GmbH, Fujifilm Corporation, Toshiba Medical Systems, Hologic Inc., Metaltronica S.p.A and Planmed OY.