The global mammography equipment market size is expected to reach USD 5.63 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising prevalence of breast cancer and growing awareness about significance of early detection of breast cancer. In addition, increasing risk of breast cancer among women due to unhealthy lifestyle is expected to boost demand for breast cancer imaging tools.
Technological advancements in digital radiography, such as breast tomosynthesis and contrast-enhanced mammography, as well as increased use of 3D mammography are key factors propelling the revenue growth of the global mammography equipment market.
The relatively high cost of mammography equipment, however, is expected to restrain revenue growth to a certain extent.. In countries where healthcare infrastructure is still emerging, technologically advanced mammography equipment is not readily accessible. This along with high cost of mammography equipment and slow progress in cancer detection is expected to limit market growth.
Key companies operating in the global market and profiled in the report include:
Hologic, Inc., GE Healthcare, Analogic Corporation, Fujifilm Holdings Corporation, Siemens Healthcare and Philips Healthcare.
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The COVID-19 Impact:
The demand for the Mammography Equipment will grow tremendously during the pandemic. New equipment will enhance and expand performance capabilities, which will build sales in hospitals, outpatient facilities. Overall, the pandemic crisis will lead to multiple changes, which will result in companies adopting different strategies to meet increasing demand. There will also be a substantial change in the product pipeline, and the overall supply chain as macroeconomic shifts take place. The use of AI and other technologies is another trend which is highlighted. Gains will be driven by expanded market products that help hospitals and large outpatient facilities improve the accuracy, quality, and efficiency of treatment. There is still a huge discrepancy between available Mammography Equipments and the need.
For the purpose of this report, Reports and Data has segmented the global mammography equipment market on the basis of technology, product, end user and region:
Technology Outlook (Revenue, USD Billion; 2018 – 2028)
- Screen Film
- 2D Mammography
- 3D Mammography
Product Outlook (Revenue, USD Billion; 2018 – 2028)
- Analog Systems
- Full Field Full Digital Mammography Systems (FFDM)
- Breast Tomosynthesis System
End User Outlook (Revenue, USD Billion; 2018 – 2028)
- Hospitals
- Ambulatory Surgical Centers
- Others
Regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlight in the Report:
- The 3D mammography segment is expected to account for the largest market share over the forecast period.
- The breast tomosynthesis system segment is expected to register a significant CAGR among the product segments during the forecast period.
- The hospitals segment accounted for the largest revenue share among the end use segments in the global market in 2024.
- The revenue from North America mammography equipment market is expected to grow at a significantly high rate over the forecast period.
- Owing to rising prevalence of breast cancer in countries including Belgium, Denmark, and France and increasing per capita healthcare spending, the Europe mammography equipment industry follows North America in terms of market share.
- Asia Pacific is expected to hold considerable revenue share in the mammography equipment market due to rising prevalence of cancer.
Report Highlights:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Mammography equipment market Variables, Trends& Scope
3.1 Market Segmentation& Scope
3.1.1 Market driver analysis
3.1.2 Market restraint analysis
3.2 Penetration & Growth Prospect Mapping
3.3 Mammography – SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
3.4 Industry Analysis – Porter’s
Chapter 4 Market Categorization 1: Product Type Estimates & Trend Analysis
4.1 Mammography Market: Product Type Movement Analysis
4.2 Film Screen Systems
4.2.1 Film Screen systems market estimates and forecasts, 2018 – 2028 (USD Billion)
4.3 Digital Systems
4.3.1 Digital systems market estimates and forecasts, 2018 – 2028 (USD Billion)
4.4 Analog Systems
Continue…
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