According to the American Cancer Society, breast cancer is one of the leading causes of death among women. The techniques through which early detection of breast cancer is possible have undergone significant improvements due to which there are now more number of cases wherein the cancer is successfully cured.
The mammography system is an imaging modality for the proper detection and diagnosis of breast cancer. The system utilizes low dose of radiations for the detection of the disease. There are three types of mammography systems available in the market: analog systems, digital systems, and digital tomosynthesis systems. The mammography system is a non-invasive imaging modality that utilizes a low dose of ionizing radiations to develop images of the body tissues. The systems provide virtual assistance to physicians and provides magnification and light masking flexibility of 3-D images for better diagnosis. Thus, the systems are crucial in decreasing the severity of the diseases and lessening the time of treatment. The advent of the combination technology has transformed the field of mammography by reducing the turnaround time and cost of treatment and enhancing the accuracy, efficiency, and safety during diagnosis and treatment, and also encouraged numerous innovations.
The global mammography system market is expected to reach $3.51 billion by 2028.The global mammography system market is segmented into four different parts: products, technology, end users, and regions. The global market value was estimated using these three different approaches and was validated with one another.
Market Dynamics
The global mammography system market witnessed rapid average growth from 2015-2017. This growth has been primarily attributed to the major drivers in this market, comprising rising incidence of breast cancer, growing cancer imaging centers, technological advancements in mammography modalities, increasing awareness regarding early cancer screening benefits, and government support. The market is expected to grow at a healthy rate due to the opportunities that lie within its domain, namely rising demand for automated image analysis techniques and development of low cost mammography systems.
Market Drivers
Rising Incidence of Breast Cancer
According to the World Health Organization (WHO), cancer is one of the leading causes of morbidity and mortality worldwide. There are about millions new cancer cases globally each year and the trend is only getting worse. The global burden of cancer will grow by high percent over the next two decades, with an estimated of million new cases and ofmillion deaths each year by 2032.
According to the WHO, breast cancer is one of the leading causes of women deaths worldwide. There are about two million new breast cancer cases globally in 2018.
According to the National Cancer Institute, it is estimated that there will be new cases of female breast cancer and an estimated people will die of this disease in 2017.Further, Belgium had the highest rate of breast cancer, followed by Denmark and France and the highest incidence of breast cancer was in Northern America and Oceania in 2017.
Growing Cancer Imaging Centers
With the growing cancer population and growing demand for better diagnostics facilities there is an increasing supply chain of cancer diagnostic centers worldwide. These centers are the clinical establishment that conduct investigation, therapy, and procedures which do not require overnight admission of the patients. These centers provide information for diagnosis, prevention, and treatment of disease.
Technological Advancements in Mammography Modalities
The number of recent advancements in the imaging technology comprises digital mammography and digital tomosynthesis mammography, have a huge impact on the diagnosis and treatment of breast diseases. However, advances in imaging techniques over the last five years have revolutionized almost every aspect of medicines. More detailed imaging is allowing doctors to figure out things in a more innovative and accurate ways.
Market Restraints
However, there will be significant challenges that will restrain the market’s growth. These challenges are already in play, and if not curtailed, will negatively impact the global mammography system market. The challenges include side effects of radiation exposure, shortage of skilled radiologists, errors in cancer screening and diagnosis, and high installation cost
Key Strategies and Developments
The global mammography system market is thronged with several medical device giants, including General Electric Company and Siemens Healthineers and small-medium enterprises. With the increasing demand for the mammography, companies have the opportunity to expand their services in the market through different strategic approaches. Some of the strategies followed by the contributors are product launches, joint ventures, collaborations, partnerships, acquisitions, and business expansions.
A majority of the players in the market prefer new product launches to further increase the customer base, while the relatively less adopted strategies comprised partnerships/ collaborations /joint ventures, mergers and acquisitions, and business expansions. The succeeding segments will provide an overview of the key strategies and developments in the global mammography system market.
The key players who have been contributing significantly to the mammography system market include BMI Biomedical International s.r.l., Canon Inc., Carestream Health Inc., FUJIFILM Holdings Corporation, General Electric Company, General Medical Italia, General Medical Merate S.p.A., Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., Metaltronica S.p.A., Nanjing Perlove Medical Equipment Co., Ltd., Planmed Oy, Siemens Healthineers, and Villa Sistemi Medicali S.p.A., among others.
Key Questions Answered in this Report
• What are the major market drivers, challenges, and opportunities in the global mammography system market?
• What are the underlying structures resulting in the emerging trends within the mammography system industry?
• What was the market value of the leading segments and sub-segments of the global mammography system market in 2017?
• How will each segment of the global mammography system market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2028?
• What are the influencing factors that may affect the market share of the key players?
• How will the industry evolve during the forecast period 2018-2028?
• What are the key developmental strategies which are implemented by the major players in order to sustain in the competitive market?
• Who are the leading players with significant offerings to the mammography system market? What is the current market dominance for each of these leading players?
• What would be the compound growth rate witnessed by the leading players in the market during the forecast period 2018-2028?
• What are the key product types in mammography system market? What are the major benefits of each product type?
• How has the market been segmented on the basis of technology? Which technology is dominating the global mammography system market, and what is the reason behind its dominance?
• How has the market been segmented on the basis of end user? Which end user is currently dominating the global mammography system market, and what is the reason behind its dominance?
• Who are the key manufacturers in the mammography system market, and what is their growth potential?
• What are the key regulatory implications in developed and developing regions for mammography system?
• What is the growth potential of mammography system in each region, including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?
• Which mammography system product type is having the most promising growth and in which region?
• Which mammography system end user is having the most promising growth and in which region?
Request Sample - https://bisresearch.com/requestsample?id=634&type=download
Within the research report, the market is segmented based on product type, patient age, end user, and regional analysis. Each of these segments covers the market’s snapshot over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.
BIS Related Studies
