Mammography Market: Global Industry Analysis and Opportunity Assessment

Mammography Market

Mammography Market Overview:

The major factors for mammography market growth include the increasing incidence of breast cancer, breast imaging technological advances, and investment from multiple organisations in breast cancer screening campaigns. The Center for Disease Control CDC reports breast cancer as one of womens most prevalent cancers, regardless of race or ethnicity. Its also the third most prevalent cancer death among American Indian / Alaska Native females. National Cancer Institute NCI estimates recorded 246,660 fresh instances and 40,450 fatalities due to breast cancer in 2016. As the global population ages, many females are anticipated to move into the category 60 and above. Women aged 60 and above account for almost 78% of all deaths from breast cancer. In this age group, high incidence and mortality rates for breast cancer are a enormous unmet need for breast cancer diagnosis. As incidents and mortality cases increase, mammography demand is also anticipated to boost. This continues a significant driver for the mammography industry and will increase the market during the forecast period.

Global Mammography Market Scope of the Report:

As per the reports scope, mammography relates to a conventional diagnostic and screening method used to screen breast tissue to test for malignant tumor. The method includes using low-energy X-rays to detect breast cancer soon. Mammography market can be categorized as film-screen or digital based on the technology used. The market is segmented by product type, end-user and geography.

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Global Mammography Market Key trends: –

Digital Mammography Segment is expected to account for the largest market share during the forecast period:

Digital mammography is a specific and sophisticated mammography that utilizes digital receptors and computers instead of X-ray movies to examine breast tissue for tumor existence. Hitherto, standard high-spatial screen-film mammography SFM has been the preferred option for screening programs in most countries. With the introduction of digital mammography, however, growing numbers of nations are witnessing changes towards these newer technologies owing to their superior portrayal of low-contrast objects, wider dynamic shift, and enhanced image diagnostic quality, particularly when examining denser breasts. They also come with an added benefit of soft-copy picture displays and soft-copy reading, readily transferable. Mammography screening in numerous nations, such as the UK, is now digital, offering greater accuracy, better quality and higher effectiveness. Thus, digital mammography becomes the preferred screening option, although the price of fresh technology is six times greater than standard technologies. Radiation exposure is considerably smaller than analog systems. Full-field digital mammography is the most prevalent digital mammography. It provides potential for important breast cancer diagnosis improvements, including lower radiation dosages, lower breast compression pressure, and enhanced detection. All these benefits help market growth over the forecast period.

North America Dominates the Market and Expected to Follow the Same Trend Over the Forecast Period:

North America holds a large share in the mammography market and is expected to show a similar trend over the forecast period, without significant fluctuations. The increasing incidence of breast cancer and better healthcare infrastructure in the region are anticipated to drive general market growth over the forecast period. Breastcancer.org estimates that an estimated 268,600 fresh instances of invasive breast cancer are anticipated to be diagnosed in U.S. females in 2019. Furthermore, breast cancer research financing activity is increasing. For example, breast cancer received USD 545.1 million in 2017, according to the NCI budget fact book. In the United States, the National Breast Cancer Foundation NBCF offers females in need with breast cancer schooling and free mammograms. This organisation runs numerous programs, including the National Mammography Program, Beyond the Shock, Patient Navigation, and Breast Health Awareness. Thus, due to the increasing incidence of breast cancer and population consciousness, market growth is anticipated over the forecast period.

Global Mammography Market Competitive Landscape:

The mammography market is strengthened due to the market presence of a few significant players. The main market players focus on technological advances and decreasing procedures side impacts.

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Some of the leading market players are Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips NV, and Siemens Healthineers.

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