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Mammography refers to a standard diagnostic and screening technique that is used to screen breast tissues for the presence of malignant tumour by obtaining a high-resolution visualization of breast tissues and associated diseases. Breast cancer is one of the important health issues for women globally. Breast cancer is the most commonly occurring cancer in women. This is evident from the findings of World Cancer Research Fund, which states that there were over 2 million new cases of breast cancer recorded in 2018, which makes it the second most common cancer overall. A screening mammogram can identify the presence of cancer, often before symptoms arise. The American Medical Association (AMA) and the American College of Radiology (ACR) recommend annual above the age of 40 years to improve cancer screening participation to avoid the risk of developing breast cancer.
The major factors for the growth of the mammography market include the growing prevalence of breast cancer coupled with the technological advancements in the field of breast imaging, and supportive government initiatives to increase proactive initiatives by healthcare organizations to raise awareness about early breast cancer detection.
The Center for Disease Control (CDC) reports breast cancer to be one of the most common cancer among women, irrespective of race or ethnicity. Further, as per World Health Organisation, breast cancer affects around 2.1 million women each year. In 2018, an estimated approximately 627,000 women died from breast cancer. The breast cancer mortality rate is approximately 15% of all cancer deaths among women. While breast cancer rates are higher among women in more developed regions, rates are increasing in nearly every region globally.
As the prevalence of breast cancer and mortality cases are rising, demand for mammography is also anticipated to increase. This remains a major driving factor for the global mammography market and is expected to boost the market during the forecast period. On the contrary, stringent regulatory approval processes and high cost of Mammography and are expected to hinder the growth of the global mammography market.
The global mammography market is segmented by product type, technology, end user and geography.
Based on the type, the market for mammography systems is bifurcated into analog mammography systems, digital mammography systems, and breast tomosynthesis systems. Digital mammography systems segment is expected to hold the significant market share of the global mammography systems market over the forecast period owing to the rising demand for technologically advanced breast cancer screening and diagnostic equipment coupled with the presence of favourable reimbursement policies and growing government support in improving screening results. Further, Full-field digital mammography is the most common form of digital mammography employed. It offers the potential for significant advances in breast cancer diagnosis, including reduced breast compression pressure coupled with the improved detection and lower radiation dosages.
Based upon on technology, the market is bifurcated into 2D mammography, 3D mammography and combined 2D and 3D mammography. The 2D mammography segment is expected to hold the significant market share of the global mammography market. 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 as it has the capability of detecting cancer also in dense breast tissue leading to broader use of this technology, thereby accelerating the segment growth. Further, 3D mammography technology is an advanced technology which helps in producing more detailed images of the breast tissue. This technology captures breast images at various angles and multiple slices which decreases the false-positive results. Aforesaid factors are expected to rapid market growth during the forecast period.
By end user, the market is classified into Hospitals, Specialty Clinics and Diagnostic Centres and others. A large number of hospital visits for diagnosis by mammography systems as a result of higher breast cancer prevalence rate coupled with the suitable reimbursements and attractive healthcare facilities, considerable rise in disposable income will further drive the segmental growth. Further, increasing patient pool suffering from invasive breast cancer & favourable reimbursement policies assisting patients to undergo expensive diagnosis will propel the segmental growth over the forecast period.
The mammography market is segmented into four regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. North America is observed to hold a major share for the mammography market and is anticipated to show a similar trend over the forecast period, without significant fluctuations. The large share of the market is attributed to the factors such as the rising incidence of breast cancer, easy accessibility and high adoption of advanced diagnostic technologies, coupled with the significant per capita annual healthcare expenditure in the US and Canada, and the rapidly increasing geriatric population in the region.
Over the next few years, the market for mammography in Asia Pacific anticipated to experience high growth rate. China and India are expected to be the fastest growing markets in Asia Pacific owing to the large population base and increasing prevalence of breast cancer cases in these countries. Some of the key driving forces of the mammography market in emerging economies are increasing awareness and improving healthcare infrastructure, rising government spending on breast cancer research studies, growing healthcare expenditure.
The key companies operating in the mammography systems market are Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V. and Siemens Healthineers, Konica Minolta, PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation among others. The major market players are focusing on technological advancements and reducing the side effects of the procedures.
The report analyses the global mammography market is by product type, technology, end user and geography.
The mammography market based on the product type, is bifurcated into analog mammography systems, digital mammography systems, and breast tomosynthesis systems. Based upon on technology, the market is bifurcated into 2D mammography, 3D mammography and combined 2D and 3D mammography. Further, by end user, the market is categorised into Hospitals, Specialty Clinics and Diagnostic Centres and others. Geographically, the market is analysed across regions, such as North America, Europe, Asia-Pacific, and Rest of the World.
The key companies operating in the mammography systems market are Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V. and Siemens Healthineers, Konica Minolta, PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation among others.
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