Mammography Devices Market to Grow at a 5.78% CAGR through 2026
Increasing concern towards early diagnosis of breast cancer drives the growth of the global mammography devices market in forecast years, 2022-2026.
According to TechSci Research report, “Global Mammography Devices Market By Product Type (Full-field digital mammography, Film-screen mammogram, Breast Tomosynthesis), By Technology (Digital v/s Analog), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2026”, the global mammography devices market stood at USD2744.07 million and is expected to grow at a steady rate of 5.78% during the forecast period. This can be ascribed to the growing healthcare expenditure across different countries coupled with improving healthcare infrastructure in different regions across the globe. Additionally, growing number of screening programs coupled with increasing number of conferences and symposiums focusing on spreading awareness related to breast health and breast cancer is expected to create lucrative opportunities for the market growth over the next few years. However, side effects associated with the procedure along with pain and discomfort caused to patients while going for mammography procedure can hamper the growth of market through 2026. Besides, high cost of imaging system leads to affordability constraints for small hospitals and diagnostic centers thereby making them to go for refurbished equipment. This in turn is expected to negatively influence the market growth over the next few years. Also, stringent regulatory approvals process for the devices and product recalls can further restrict the market growth over the next few years.
Browse over 111 market data Figures spread through 110 Pages and an in-depth TOC on “Global Mammography Devices Market”
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The global mammography devices market is segmented on the basis of product type, technology, end user, and regional distribution. Based on product type, the market can be fragmented into full-field digital mammography, film screen mammography and breast tomosynthesis. The full-field digital mammography segment dominated the market in 2020 with a share of around 42.68%. The technological advancements have aided the growth of full-field digital mammography machines helping it to assert its dominance over the market. Advances like the introduction of computer aided design (CAD) in mammography aids the radiologists in identifying the hidden tumorous cells and interprets the images by putting the mammogram into digital form. This advancement in the technology has aided to the growth of market. While the breast tomosynthesis segment is also expected to witness significant growth during the forecast period owing to the growing use of this technology in mammography technique and improved clinical outcome. Additionally, this technique provides higher efficacy, accuracy and specificity as compared to its counterparts. Based on end user, the market can be categorized into hospitals & clinics, diagnostic centers and others. The hospitals & clinics segment dominated the market in 2020 with a share of around 49.48% on account of rising number of breast screening procedures in hospitals and the availability of advanced mammography systems.
Some of the major competitors in the market are Siemens Healthineers AG, GE Healthcare (Smart Breast Corporation), Koninklijke Philips N.V., Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Carestream Health, Inc., Delphinus Medical Technologies, Inc, Konica Minolta Inc, Hologic Inc., Planmed OY, Metaltronica SpA, IMS Giotto S.P.A, NP JSC Amico, Analogic Corporation, KUB Technologies Inc., among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships. Furthermore, several companies are also launching programs to support breast cancer tests. For example, in August 2020, Hologic, Inc. announced the launch of ‘Back to Screening’ campaign in order to encourage women to schedules their delayed mammogram due to COVID-19 pandemic. Also, in December 2019, GE Healthcare launched contrast enhanced mammography solution for biopsy. This is the first contrast enhanced mammography solution for biopsy which provides an edge to the company over the other competitors.
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“In 2020, Europe dominated the global mammography devices market and is expected to continue its dominance over the forecast period owing to the high prevalence of breast cancer. In Europe, Belgium has the highest prevalence rate of breast cancer followed by Luxembourg and Netherlands. Presence of well-developed and organized healthcare infrastructure in the region coupled with supportive government initiatives for breast cancer prevention and awareness are expected to drive the market growth in the region over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Mammography Devices Market By Product Type (Full-field digital mammography, Film-screen mammogram, Breast Tomosynthesis) By Technology (Digital Technology, Analog Technology) By End User (Hospitals & Clinics, Diagnostic Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global mammography devices and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global mammography devices market.
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