Mammography systems help in the detection of breast cancer at initial stages. The market has witnessed significant growth in the recent past due to the increase in government funding to support R&D for breast cancer.

Portland, OR -- (SBWire) -- 09/28/2017 --Mammography facilitates the detection of breast cancer and other breast-related diseases. These tests are used for screening and diagnosis of breast cancer among women. Increase in geriatric population, proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer, and upsurge in incidence rate of breast cancer are expected to drive the market growth.

Mammography Systems Market Report, published by Allied Market Research, forecasts that the global market was valued at $1,534 million in 2015, and is expected to reach $2,648 million by 2022, supported by a CAGR of 8.0% during the forecast period 2014 to 2022. Digital mammography systems segment held more than four-fifths of the total market in 2015.

Breast cancer is one of the significant health issues for women globally. This is evident from the findings of Breast Cancer Organization, which stated that over 30% of the newly diagnosed cancer in 2016 is expected to be breast cancer, which makes it the most commonly diagnosed cancer other than skin cancer, among American women.

Asia-Pacific possesses high market potential, due to its high population base, high disposable incomes, and improvement in patient awareness about breast cancer imaging. Moreover, the rapid aging population and increase in incidence of breast cancer in less developed countries such as India have further increased the demand for mammography systems. In other countries such as China the burden of breast cancer was low, with an ASR at 22.1 in 2012. However, lack of awareness and screening programs for breast cancer, high treatment cost, and insufficient treatment facility are some of the factors expected to fuel the incidence of breast cancer in the coming years.

Key Findings of Mammography Systems Market

- Breast tomosynthesis systems segment is projected to grow at a CAGR of 9.9% during the forecast period.

- In terms of volume, digital mammography systems accounted for more than three-fourth share of the global mammography systems market.

- 3D mammography segment is expected to grow at a significant CAGR of 9.6%, owing to their ability to detect cancer in women with dense breast tissues.

- France and Germany jointly contributed for nearly one-third of the European mammography systems market in 2015.

- Japan is the major shareholder, accounting for almost half of the Asia-Pacific mammography systems market in 2015.

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