Mammography Equipment Market is Expected to Reach USD 5.63 Billion By 2028 - Reports and Data

The global mammography equipment market size is expected to reach USD 5.63 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising prevalence of breast cancer and growing awareness about significance of early detection of breast cancer. In addition, increasing risk of breast cancer among women due to unhealthy lifestyle is expected to boost demand for breast cancer imaging tools.

Patients are exposed to a certain amount of radiation during mammography, which helps to protect them from harmful radiation side effects. Mammography is used to detect breast cancer and tumours. It can also help understand normal and abnormal breast structures. A screening test is used when there are no signs of breast cancer or tumour, while a diagnostic test is used to assess the cause of specific symptoms. These tests help with disease diagnosis, prevention, and even cure.

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Breast cancer is the most common cancer in American women, according to the American Cancer Society (ACS). In the US, a woman's lifetime risk of contracting breast cancer is about 12%, and her risk of dying from breast cancer is about 2.6 percent. In addition, patients experience better results and have high chances of cure on early detection of cancer., which has boosted the mammography equipment market.

Technological advancements in digital radiography, such as breast tomosynthesis and contrast-enhanced mammography, as well as increased use of 3D mammography are key factors propelling the revenue growth of the global mammography equipment market.

The relatively high cost of mammography equipment, however, is expected to restrain revenue growth to a certain extent.. In countries where healthcare infrastructure is still emerging, technologically advanced mammography equipment is not readily accessible. This along with high cost of mammography equipment and slow progress in cancer detection is expected to limit market growth.

Some Key Highlight in the Report:

The 3D mammography segment is expected to account for the largest market share over the forecast period.

The breast tomosynthesis system segment is expected to register a significant CAGR among the product segments during the forecast period.

The hospitals segment accounted for the largest revenue share among the end use segments in the global market in 2020.

The revenue from North America mammography equipment market is expected to grow at a significantly high rate over the forecast period.

Owing to rising prevalence of breast cancer in countries including Belgium, Denmark, and France and increasing per capita healthcare spending, the Europe mammography equipment industry follows North America in terms of market share.

Asia Pacific is expected to hold considerable revenue share in the mammography equipment market due to rising prevalence of cancer.

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Mammography Equipment market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.

Leading companies operating in the market are:

Hologic, Inc., GE Healthcare, Analogic Corporation, Fujifilm Holdings Corporation, Siemens Healthcare and Philips Healthcare.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Mammography Equipment Market Segmentation:

Technology Outlook (Revenue, USD Billion; 2018 - 2028)

Screen Film
2D Mammography
3D Mammography

Product Outlook (Revenue, USD Billion; 2018 - 2028)

Analog Systems
Full Field Full Digital Mammography Systems (FFDM)
Breast Tomosynthesis System

End User Outlook (Revenue, USD Billion; 2018 - 2028)

Hospitals
Ambulatory Surgical Centers
Others

Regional Outlook:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Some essential purposes of the Mammography Equipment market research report:

Vital Developments: Custom investigation provides critical improvements to the Mammography Equipment market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.

Market Characteristics: The report contains Mammography Equipment market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.

Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Mammography Equipment market by methods. Systematic tools and methodologies, for example, Porter's Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Mammography Equipment market.

Convincingly, the Mammography Equipment report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Mammography Equipment market.

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