Increasing Frequency of Breast Cancer in Most of the Countries is Escalating the Growth of the Mammography market

The increased frequency of breast cancer and increasing patient desire for early-stage diagnosis are two significant drivers expected to fuel demand for breast cancer diagnostic equipment over the projected period. Some of the key drivers projected to propel the industry's growth are increased access to breast cancer screening systems and expanding government initiatives to enhance clinical interpretation. Furthermore, rising demand for advanced breast cancer screening and diagnostic technologies in hospitals, ambulatory care, and diagnostic centres, as well as increased investments in developing sophisticated mammograms, are likely to drive market expansion. As high-end technologies provide high-resolution imaging to view, collect, manage, store, and preserve digital images and information, technological innovation has brought the mammography market. This type of information and documentation helps to assist both the diagnostic process and screening, which aids in the early detection of breast cancer and aids in the diagnosis at an early stage. According to the Mammography Quality Standards Act (MQSA) National Statistics of the United States, about 39.5 million mammography operations will be performed in the United States by August 2022, up from 38.6 million procedures in August 2021.

According to Marketlook Consulting’ research report “Global Mammography Market Analysis, 2021”, the Global Mammography market is anticipated to grow at a CAGR 10.26% during 2022-29. The market would reach USD 4.25 Bn by 2029.

Based on Product Type, the Digital Systems segment acquired a significant market share in 2021 One important cause driving the expansion is the growing need for technologically enhanced breast cancer screening equipment. Furthermore, the market is growing as a result of its widespread commercial availability and increased demand among healthcare professionals. The 3D Systems market, on the other hand, is expected to grow at the fastest rate. Its growth is attributable to a number of advantages, including the conversion of hospitals and diagnostic clinics to 3D systems. The reason for this transition is because 2D systems are frequently insufficient in identifying all cancer signs, leading to an increase in the demand for additional tests, which raises the overall cost of diagnostics.

Based on End-Users, the Hospitals segment acquired a considerable market share in 2021 owing to due to its low cost in comparison to its competitor, as well as the product's high-performance qualities. They also have both 2D and 3D mammography devices. Having such an innovative system allows for a better patient experience, shorter wait times, and speedier examinations. The availability of skilled healthcare professionals adds to segment growth even more. Furthermore, growing governmental and private investments in the healthcare industry are likely to drive segment growth.

“Global Mammography Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Mammography providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

North America Dominated the Market

Based on Leading regions, North America dominated the global Mammography market in 2021 and is projected to maintain its dominance during the forecasted period 2022-30 due to the rise in the growing frequency of breast cancer is one of the major factors driving the market in North America. There will be around 279,830 new cases of invasive breast cancer in women in 2021. Furthermore, 48,610 women had in situ breast cancer, a proportion that is projected to rise in the future years. Numerous businesses have begun to develop programs to assist with breast cancer screenings. Hologic Inc., for example, will launch the Return to Screening campaign in August 2020. As a result of the statement, ladies were advised to schedule their postponed mammograms. The National Breast Cancer Foundation (NBCF) is a non-profit organization in the United States that provides free mammograms and breast cancer information to women in need. Together with these factors, increased healthcare spending and the presence of a well-developed healthcare infrastructure are likely to boost market expansion. are projected to fuel the demand for Mammography in the forthcoming period as stated in Marketlook Consulting research report “Global Mammography Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Mammography market are Fujifilm Holdings Corporation, GE Healthcare, Hologic Inc., General Medical Merate SpA, Koninklijke Philips NV, Metaltronica SpA, Konica Minolta Inc., Siemens Healthineers, Carestream Health, Canon Medical Systems.

Market Segmentation:

1. By Product Type (Digital Systems, Analog Systems, Breast Tomosynthesis, Other Product Types)
2. By Technology (Digital Tomosynthesis, 2D Mammography, 3D Mammography)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By End-Users (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others)
5. By Company (Fujifilm Holdings Corporation, GE Healthcare, Hologic Inc., General Medical Merate SpA, Koninklijke Philips NV, Metaltronica SpA, Konica Minolta Inc., Siemens Healthineers, Carestream Health, Canon Medical Systems)

Key questions answered in the study:

1. What are the current and future trends of the Mammography industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Mammography industry?
5. What is the customer orientation, purchase behavior, and expectations from the Mammography firms across various regions?