April 28, 2021
According to the research report titled ‘Global Mammography System Market 2019-2027’, available with Market Study Report LLC, global mammography system market was worth USD 1825 million in 2018 and is anticipated to record a compound annual growth rate of 7.28% through 2027 to amass USD 3415.5 million by the of forecast period.
The growth of mammography system market is credited to increasing prevalence of breast cancer, and rising public awareness concerning the advantages of early examination of cancer. In addition, technological advancements like 3D and hybrid mammography is generating lucrative prospects for the business scenario.
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However, lack of skilled workforce, escalating prices of mammography devices, and prolonged exposure to harmful radiations act as barriers to industry growth. Also, lack of reimbursement policies, availability of alternatives, and strict guidelines are other factors arresting the expansion matrix of worldwide mammography system market.
Based on product gamut, the market is divided into digital system, analog system, and digital tomosynthesis system. Speaking of technology terrain, the market is classified into 2-D technology, 3-D technology, and combination technology. Moving on to end user verticals, the industry is fragmented into hospitals, ambulatory centers, and diagnostic centers among others.
Moving on regional outlook, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are significant contributors towards worldwide mammography systems market remuneration.
The report cites that Asia-Pacific is poised to lead global mammography systems industry growth trajectory over 2019-2027, with Japan and China generating massive revenues. The regional growth is credited to increasing populace, rising prevalence of cancer, improving per capita income, higher cognizance amid the patients, and flourishing medical tourism business.
Major companies in global mammography systems industry space include Bio-Rad Laboratories Inc., Siemens AG, BMI Biomedical International s.r.l., Carestream Health, Metaltronica SpA, General Medical Merate S.P.A., Hologic Inc., Koninklijke Philips N.V., Villa Sistemi Medicali, General Medical Italia srl, General Electric Company, Fujifilm Holdings Corporation, Planmed Oy, Canon Inc., Konica Minolta Inc., Qiagen N.V., and Siemens Healthineers AG.