With 7.5% CAGR Mammography Systems Market burst to hit USD 3.2bn by 2024
Sellbyville, DE -- (SBWIRE) -- 12/10/2018 -- Global Mammography Systems Market is set to exceed USD 3.2 billion by 2024; according to a new research report by Global Market Insights.
Rising prevalence of breast cancer across the globe will propel the mammography systems market growth. A high number of women are suffering from breast cancer owing to the factors such as reduced child bearing, obesity and hormone-replacement therapy. Age-related factors are also the major contributing drivers for greater incidence rates of breast cancer in women. Moreover, heredity and increased radiations through repeated mammography tests will further stimulate the mammography systems market growth.
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Technological advancements play a vital role in boosting the mammography systems industry growth. Better diagnosis of invasive breast cancer, reduced radiation rates and reduced recall rates has led to development in conventional technologies. For instance, analog systems were advanced to full field digital mammography systems due to poor detection results by the analog systems. Similarly, a more accurate and sensitive mammography system called digital breast tomosynthesis was introduced in 2011, that significantly reduced false-positive results of breast cancer. Higher adoption of technologically advanced mammography systems will further augment the industry growth of mammography systems.
Full Field Digital mammography (FFDM) systems segment dominated the industry in 2017 with a market share of 67.4% and continue to grow over forecast period. The growth is attributable to its increased detection rate of malignant breast cancer coupled with lesser relative cost compared with breast tomosynthesis system. There is a 40% decrease in the radiation dose for FFDM system along with convenient result display on digital platform such as computer-aided design (CAD) and Picture Archiving and Communication System (PACS) that will further accelerate industry growth during the forecast timeline.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Hologic, Inc.
- Konica Minolta Healthcare Americas, Inc.
- Medical Technologies
- Planmed Oy
- Siemens Healthcare Pvt. Ltd.
- AMICO Group
- Canon Medical Systems USA, Inc.
- FUJIFILM Medical Systems U.S.A., Inc.
- GE Healthcare
2D mammography contributes to the largest market share of the technology. 2D mammography technology has the capability of detecting breast cancer also in dense breast tissue. Also, 2D mammography is widely used in synthesized mammography and breast tomosynthesis systems. It yields superior results, leading to broader use of this technology, thereby accelerating the segment growth.
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North America dominated the mammography systems market with market share of 33.4% in 2017 and is projected to grow at a significant rate over the forecast period. This can be attributed to huge breast cancer patient population coupled with increasing prevalence of factors leading to breast cancer, such as obesity, alcoholism, hormone replacement therapies and growing elderly population. Favourable reimbursement policies and faster adoption of technologically advanced mammography systems will fuel regional growth during forthcoming years.
Mammography Systems Market by Product
o Analog Systems
o Full Field Full Field Digital Mammography Systems
o Breast Tomosynthesis Systems
Mammography Systems Market by Technology
o Screen Film
o 2D Mammography
o 3D Mammography
Mammography Systems Market by End-use
o Ambulatory Surgical Centers