Mammography Market is estimated to grow at a CAGR of 10.2 % during the forecast period 2022-2029 | Marketlook Consulting

Mammography is the process of examining the human breast with low-energy X-rays (typically 30 kVp) for diagnostic and screening purposes. Mammography is intended to aid in the early detection of breast cancer, typically by spotting recognizable masses or microcalcifications. It helps with the location of breast cancer and other diseases that are related to the breast. The rising prevalence of breast cancer and expanding patient interest in early-stage detection are two key factors contributing to the growth of the market. According to WHO, approximately 627,000 women died worldwide in 2018 as a result of breast cancer, which increased to 6,85,000 in 2020.

According to Marketlook Consulting's research report "Global Mammography Market Analysis, 2021", the Global Mammography market is anticipated to grow at a CAGR of 10.2% during 2022-29 The market would reach USD 4.2 Bn by 2029.

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Based on Modality Type, the market is segmented into Portable Mammography Systems and Non-Portable Mammography Systems. The non-portable mammography system grabbed a considerable market share in 2021. Emerging use of these systems in healthcare facilities is leading to the growth of this particular share. However, the portable mammography systems would witness robust growth in the forthcoming years.
Based on Product Type, the market is bifurcated into healthcare utilizes Analog Mammography Systems and Digital Mammography Systems. In 2021, digital mammography systems segment led the market and is anticipated to expand significantly over the coming years.

"Global Mammography Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Mammography providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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North America Dominated the Market
North America dominated the industry globally in 2021 and it is anticipated to grow at a significant rate during the forecast period. One of the main factors influencing the local market is the increasing prevalence of breast cancer. The American Cancer Society estimates that in 2020, there were approximately 276,480 new cases of invasive breast cancer in women. In addition, it has been determined that 48,530 women have in situ breast cancer, and it is anticipated that this number will increase in the upcoming years. Additionally, many businesses have started to launch programs to support breast cancer screenings. The National Breast Cancer Foundation (NBCF) is the organization in the US that provides free mammograms and breast cancer education to needy women. Additionally, the presence of a highly developed healthcare infrastructure and rising healthcare spending are two other important factors anticipated to propel industry growth over the forecast period as stated in the Marketlook Consulting research report "Global Mammography Market Analysis, 2021".

According to Marketlook Consulting', the key players with a considerable market share in the global Mammography market are GE Healthcare., Koninklijke Philips NV, Hologic Inc, Canon Medical Systems Corp., Fujifilm Corp., Siemens Healthcare, Toshiba Medical Systems, Analogic Corp, Metaltronica, PLANMED OY.

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Market Segmentation:
By Modality Type (Portable Mammography Systems, Non-Portable Mammography Systems)
By Product Type (Analog Mammography Systems, Digital Mammography Systems)
By End-user Type (Impatient Settings, Ambulatory Surgical Centres)
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
By Company (GE Healthcare., Koninklijke Philips NV, Hologic Inc, Canon Medical Systems Corp., Fujifilm Corp., Siemens Healthcare, Toshiba Medical Systems, Analogic Corp, Metaltronica, PLANMED OY)

Key questions answered in the study:
What are the current and future trends of the Mammography industry?
How the industry has been evolving in terms of modality, product demand, and end-users?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the Mammography industry?
What is the customer orientation, purchase behavior, and expectations from the Mammography firms across various regions?

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