Industry Trend Analysis
The mammography systems market is expected to be around $3 billion by 2025. Increasing incidences of breast cancer and other related diseases, rising awareness about preventive screenings for breast cancer, increase in number of breast imaging procedures, and growing popularity of 3D mammography systems are the key factors driving the growth of the global mammography systems market. For instance, as per Centers for Disease Control and Prevention, and National Cancer Institute, in 2014, in U.S., 236,968 women and 2,141 men were diagnosed with breast cancer. Moreover, government initiatives such as awareness programs and increased investments and funds for developing advanced imaging modalities will further contribute to the growth of this market. However, side effects due to radiation exposure and high cost of installation will restrain the growth of mammography systems market in near future.
Product Type Outlook and Trend Analysis
Digital mammography systems dominated the global market in 2016. This can be attributed to existing advanced features including image brightness, size, and contrast which assist in identifying the precise location and level of cancer. Breast tomosynthesis systems segment is expected to grow at highest CAGR during the forecast period.
Technology Outlook and Trend Analysis
2D mammography accounted for the major share of the global mammography systems market in 2016. This can be attributed to the growing need for better communication and advanced diagnosis. On other hand, 2D and 3D technology segment is expected to grow at highest CAGR during the forecast period.
End User Outlook and Trend Analysis
Inpatient settings segment dominated the global mammography systems market in 2016. However, ambulatory surgery centers segment is expected to grow at highest CAGR during the forecast period.
Regional Outlook and Trend Analysis
Asia-Pacific will show high market potential during the forecast period. This can be attributed to factors such as increasing prevalence of breast cancer, growing disposable income, and increasing patient awareness regarding breast cancer imaging. In addition to this, rising geriatric population and high target population will further contribute to the market growth. In 2016, Japan held a major share of the Asia-Pacific mammography systems market.
Product development and commercialization is the key strategy adopted by the major players in the global mammography systems market. For instance, in March 2016, GE Healthcare launched Senographe Pristina Mammography System. This system offer manual adjustment of the degree of breast compression and reduce discomfort. This product launch helped the company to enhance their mammography system portfolio. Likewise, in April 2016, Planmed Oy received CE mark for its 3D digital breast tomosynthesis system and Planmed Clarity 2D full field digital mammography system. These systems are helpful for diagnosis in patients with denser breast tissue. Thus, the introduction of technologically advanced products will help the companies to maintain their leading position in the industry.
The major players operating in the mammography systems market are Siemens AG, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Toshiba Medical Systems Corporation (recently acquired by Canon Inc.), Konica Minolta, Inc., Delphinus Medical Technologies, Inc., Analogic Corporation, Koninklijke Philips N.V., and Planmed Oy.
Increasing population and rising healthcare expenditure in developing countries such as India and China will provide opportunities for the global mammography market. According to WHO, in 2014, the healthcare expenditures of India and China were 4.7 and 5.5 respectively. Additionally, introduction of technologically advanced products in the developing countries will also offer good growth opportunities for the market players.
Mammography Systems Market Segmentation:
By Product Type:
Digital Mammography Systems
Computed Radiography Systems
Digital Radiography Systems
Breast Tomosynthesis Systems
Analog Mammography Systems
2D and 3D Mammography
By End User:
Ambulatory Surgical Centers (ASCs)
Rest of Europe
Rest of Asia-Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2016 and forecast from 2017 to 2025?
What will be the industry market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?