Global Mammography Systems Market Will Reach USD 2.69 Billion by 2023: Zion Market Research

New York, NY, April 26, 2018 (GLOBE NEWSWIRE) — Zion Market Research  has published a new report titled “Mammography Systems Market by Type (Analog Mammography Systems, Digital Mammography Systems, and Breast Tomosynthesis Systems), By Technology (2D Mammography, 3D Mammography And Combined 2D And 3D Mammography) and By End Users (Hospitals, Ambulatory Surgical Centers, Educational & Research Institutes And Diagnostics Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global mammography systems market was valued at approximately USD 1.68 billion in 2017 and is expected to generate revenue of around USD 2.69 billion by the end of 2023, growing at a CAGR of around 8.1% between 2017 and 2023.

Mammography systems involve the use of low-energy ionizing radiations, such as X-ray, to detect unsuspected cancer. Healthcare organizations have undertaken numerous screening programs over the decade to decrease cancer-related mortality rates, worldwide. Healthcare organizations, such as American Medical Association, the National Cancer Institute, and the National Comprehensive Cancer Network recommend the use of routine screening mammograms for women above the age of 40 years to improve cancer screening participation to avoid the risk of developing breast cancer.

Browse through 54 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Mammography Systems Market: By Industry Type, Size, Share, Trends and Forecast, 2017 – 2023”.

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The rising healthcare expenditure, booming healthcare industry, and growing demand for regular monitoring are some of the pivotal factors expected to propel the demand for mammography systems. Also growing government initiatives to improve clinical interpretation and increase access to mammary gland cancer screening systems is one of the crucial factors expected to drive the demand for mammography systems market over the forecast period. However, radiation exposure risks and generation of false positive or negative results are expected to impede the market growth.

Based on the type, the market for mammography systems is segmented into analog mammography systems, digital mammography systems, and breast tomosynthesis systems. Digital mammography systems segment is further sub-segmented into computed radiography systems and digital radiography systems. Digital mammography systems segment is expected to dominate the global mammography systems market during in the forecast period. The growing demand for technologically advanced breast cancer screening and diagnostic equipment is one of the crucial factors expected to drive the market in the coming years. The presence of favorable reimbursement policies and growing government support in improving screening results are also some of the key attributes that account for the largest revenue share of the global mammography market.

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Based on technology, the market is segmented into 2D mammography, 3D mammography and combined 2D and 3D mammography. The 2D mammography segment is expected to dominate the global mammography systems market. 3D mammography system market is the fastest growing product segment. The presence of the Medical Imaging Modernization Act, 2015, is one of the pivotal factors up surging the demand for 3D systems in the coming years. The rising demand for highly specific screening equipment to reduce call-back visits, false alarm, and missed cancer diagnosis is also one of the main factors contributing to the upsurging demand. 

North America is expected to dominate the global mammography systems market. This is due to the increase in the prevalence of the breast cancer among the women in U.S. region. Increase in a number of mammography units in hospitals and diagnostic centers and also the number of units per million women population in North America has led to the growth of mammography systems market.

Browse the full “Mammography Systems Market by Type (Analog Mammography Systems, Digital Mammography Systems and Breast Tomosynthesis Systems), By Technology (2D Mammography, 3D Mammography and Combined 2D and 3D Mammography) and by End Users for Hospitals, Ambulatory Surgical Centers, Educational & Research Institutes and Diagnostic Centers: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023” report at    https://www.zionmarketresearch.com/report/mammography-systems-market  

Europe is the second largest regional market and is expected to show significant growth in the years to come due to the rise in incidences of breast cancer, advances in breast imaging modalities and increase in research and development in breast cancer therapies.

The Asia Pacific is expected to witness rapid growth during the forecast years. The market is driven due to increase in the mortality rate of breast cancer and dynamic change in lifestyle in countries like India, Japan, and China. The local presence of significant players like Hologic, Fujifilm, etc is also expected to boost the mammography system market in the forecast period.

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Latin America and the Middle East and Africa are expected to witness the least growth in comparison to other regions. The increase in breast cancer cases and anticipated economic improvement in these regions is expected to fuel the growth of the mammography systems market in the near future.

Some of the key players in mammography systems market include Hologic, Inc., Allengers Medical Systems Limited, FUJIFILM Holdings America Corporation, Konica Minolta, Inc., PLANMED OY, Siemens Healthcare Private Limited, Koninklijke Philips N.V., and GE Healthcare. 

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This report segments the global mammographic systems market as follows:

Global Mammography Systems Market: Type Segment Analysis

• Analog Mammography Systems
• Digital Mammography Systems
  • Computed Radiography Systems
  • Digital Radiography Systems
• Breast Tomosynthesis Systems

Global Mammography Systems Market: Technology Segment Analysis

• 2D Mammography
• 3D Mammography
• Combined 2D And 3D Mammography

Global Mammography Systems Market: End-User Segment Analysis

• Hospitals
• Ambulatory Surgical Centers
• Educational & Research Institutes
• Diagnostics Center

Global Mammography Systems Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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