Global market for Mammography market is currently worth USD 1,428 million and is expected to reach USD 1,920 Million by the end of 2021 growing at a CAGR of 6.1%.
Hyderabad, India -- (SBWIRE) -- 03/15/2018 -- Mammography facilitates the detection of breast cancer and different breast-related diseases. These tests are used for screening and identification of breast cancer among women. Increase in geriatric population, proactive initiatives by healthcare organizations to boost awareness concerning early detection of breast cancer and upsurge in the incidence rate of breast cancer are expected to drive the market growth.
Moreover, higher compensation insurance policies, augmented government funding for breast cancer analysis and technological advancements, like the breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues fuel the demand for mammography systems.
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Global Mammography Market was valued at USD 1,428 million in 2016 and is predicted to achieve USD 1,920 Million by the end of 2021 with a CAGR of 6.1% in the forecast period. Increasing awareness about the detection and treatment of breast cancer in women globally is the main reason behind the high projected growth rate of the market.
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The rising healthcare expenditure, booming healthcare business, and growing demand for regular observation are a few of the important factors expected to propel demand for mammography equipment in the next few years. Growing government initiatives to enhance clinical interpretation and increase access to mammary gland cancer screening systems is one among the crucial factors expected to drive the demand over the forecast period.
The growing demand for technologically advanced breast cancer screening and diagnostic instrumentation is one of the crucial factors expected to drive the market within the coming years. The presence of favorable reimbursement policies and growing government support in rising screening results are a number of the key attributes that account for the largest revenue share of the global diagnostic technique market.
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Based on geography, Europe market is examined under various regions namely the U.K., Germany, France, Spain and Italy. Government awareness campaigns about breast cancer and favorable reimbursement policies propel the market growth.
The leading companies in the current market include GE Healthcare, Hologic Inc., Siemens Healthcare, Philips Healthcare, Toshiba Medical Systems, Sonocine Inc., Metaltronica, Fujifilm and Planmed.
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