Mammography Systems Market size expected to surpass USD 3.6 billion over 2019-2025

December 26, 2019


According to a latest research report titled ‘Mammography Systems Market Size By Product (Analog Systems, Full Field Digital Mammography Systems {FFDM}, Breast Tomosynthesis Systems), By Technology (Screen Film, 2D Mammography, 3D Mammography), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast,2019-2025’, available on MarketStudyReport.com, the global mammography systems market is slated to surpass USD 3.6 billion by 2025.
 

Rising awareness related to the early detection of breast cancer combined with the availability of free breast screening programs is slated to be a major determinant that would likely fuel the mammography systems market growth. The reimbursement policies for the screening procedures of mammography will further drive the adoption of mammography in developed nations.
 

Growing incidence of invasive breast cancer all across the world is likely to stimulate the market expansion in the upcoming years. In fact, as per Breastcancer.org estimates, approximately one in eight women is likely to develop invasive form of breast cancer once during her lifespan.
 

Major risk factors related to breast cancer like genetic factors, child-bearing and adoption of lifestyle habits that are unhealthy, and hormone replacement therapy are likely to remarkably contribute towards the adoption of breast cancer modalities. These factors are projected to further propagate industry expansion.
 

With regards to technology, advancements in technology used in mammography systems is likely to offer fruitful opportunities for the market expansion in the upcoming future.  2D mammography systems accounted for a revenue share of 70% in 2018. The 2D technology systems offers improvement in outcomes with clearer images more than screen film technology.
 

Most of the countries such as Canada, Japan, U.S and others are adopting this technology for enhancing diagnosis rate of invasive cancer. This technology is also used in full field mammography and systems like breast tomosynthesis machines, further leading to segmental growth over the projected timeframe.
 

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Innovations by Hologic like the personalized mammography to enhance the comfort of patients while screening will further aid in driving consumer preferences.
 

The list of prominent mammography systems industry players includes companies such as Siemens Healthineers, GE Healthcare, Hologic, Inc., Korean C and Fujifilm among others.
 

Most of the competitors are further engaging in activities such as strategic mergers and acquisitions and to launch new products to achieve better market growth and to stay ahead of the competition.


Frequently Asked Questions (FAQ) :

The availability of free breast screening programs along with the rising awareness for breast cancer is set to be a major determinant promoting industry expansion. In fact, favorable reimbursement policies for the screening procedures of mammography are likely to further drive the adoption of mammography systems in developed nations.
Technological advancements in mammography systems are likely to offer lucrative opportunities for the market expansion in the upcoming future. The 2D technology systems offers improvement in outcomes with clearer images. This technology is used in systems like breast tomosynthesis machines along with full field mammography, leading to the market growth in the projected timeframe.
The mammography systems market of UK is slated to witness an impressive CAGR of over 8.8% during the forecast time period. The growing frequency of obesity and adoption of smoking habits are the major risk factors in breast cancer. According to a recent study by the Cancer Research of UK, at present more than 2 million women have undergone breast screening. These risk factors along with availability of equipment for breast screening are projected to further influence the market growth.
Some of the most prominent mammography systems industry players operating across the industry landscape on a global level include companies like Siemens Healthineers, GE Healthcare, Hologic, Inc., Korean C and Fujifilm among others. Most of the competitors are further engaging in activities such as strategic mergers and acquisitions and to launch new products to achieve better market growth and to stay ahead of the competition.
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