Mammography Devices Market to grow at a Significant Rate During the Forecast Period
Increasing concern toward early diagnosis of breast cancer drives the growth of Global Mammography Devices Market in forecast years, 2022-2026.
According to TechSci Research report, “Global Mammography Devices Market By Technology (Digital Technology, CAD, 3D Technology) By Product Type (Analog Mammography Systems, Digital Mammography Machines, Breast Tomosynthesis) By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, the global mammography devices market is anticipated for an impressive boost in the upcoming five year, 2022-2026. The market has shown a consistent growth with influential CAGR in past five years until 2019. The factors like government aid for early diagnosis and treatment plans is influencing the market growth. Government is actively taking initiatives for improved clinical interpretations and increasing rapid screening thereby boosting the technologically advanced mammography devices market at a global level.
HRSA introduced the Federal Consolidated Health Center Programs to improve the screening processes in medically challenged areas. The program was introduced to aid financially unstable families in early diagnosis of the diseases.
Due to the onset of COVID-19 and imposition of complete lockdown to mitigate the coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the mammography devices all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the mammography devices market. However, after relief from lockdown market is again going to pick up pace to grow significantly.
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The global mammography devices market is segmented by technology, product type, end user, and regional distribution. Based on product type, the market is further bifurcated into analog mammography systems, digital mammography machines, and breast tomosynthesis. Technological advancements have aided the growth of the 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 many folds in the historical years and is anticipated to continue the growth in future too.
Moreover, government is spreading the awareness regarding the availability of the mammography devices, early diagnosis of the disease is necessary to allow better treatment and enhancing chances of curing the cancer is forcing the end users to continuously upgrade their devices thereby driving the growth of the mammography market.
Some of the major competitors in the market are Siemens Healthineers AG, GE Healthcare, 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.
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“North America is anticipated to continue its dominance for the global mammography devices market in the forecast period. In the last ten years, the region suffered from the growing number of patients with breast cancer. Moreover, patients who were aged over 40 subsequently led to the increase in the cases and chances of breast cancer thereby driving the growth in the market. The countries like US, Canada have quite sufficient healthcare facility also the government in the countries aids the procedure by reimbursing the process. The increasing number of mammography devices in the hospitals and clinics is driving the market growth. India and China are the rapidly developing market in Asia-Pacific region. The dynamic shift in the lifestyle and changing life choices are increasing the chances of increasing number of breast cancer patients, making Asia-Pacific an emerging and promising market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Mammography Devices Market By Type (Joint Reconstruction Devices, Spinal Devices, Trauma Devices, Ortho-biologics, Others) By Application (Hip Mammography Devices, Knee Mammography Devices, Spine Mammography Devices, Craniomaxillofacial Mammography Devices, Dental Mammography Devices, Others) By End User (Hospitals & Clinics, Ambulatory Care 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 Global Mammography Devices.
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