Mammography Market Trend Analysis, Outlook, Key Players, Regional Overview, Size, Future Growth & Dynamics by 2027
Mammography Market Outlook
The insightful study by Market Research Future (MRFR) reveals that the mammography market will soar at a steady rate of 7.16% between 2020 and 2027 (assessment period). The impressive growth of the mammography industry over the past few years can be attributed to the dazzling technological advancements in the field of breast imaging and the increasing expenditure by many organizations on research activities. The size of the mammography market is further enhanced by the surge in breast cancer screening programs as well as the growing burden of breast cancer globally.
Around the world, the aging population has blossomed rapidly, with an increasing number of women falling into the 60+ segment. In addition, women over 60 are very susceptible to breast cancer, which can also lead to death. The increase in breast cancer cases and death rates indicates the huge unmet need for breast cancer diagnosis. This could mean a considerable growth in activity in the following years.
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The increasing use of digital mammography worldwide, given their impressive levels of accuracy against low contrast objects, higher dynamic change and better diagnostic image quality, will be an important trend. in the mammography market. These types of mammography tests offer the added benefit of soft copy image displays combined with soft copy reading with the ability to be easily transferred.
Segmentation of the mammography market
The major applications of mammography are breast tomosynthesis film-screen systems, analog systems, digital systems, etc.
By type of propulsion, the mammography market caters to specialty clinics, hospitals, diagnostic centers, research institutes and others.
Regional overview of the mammography market
America steals the show with the largest share of the global mammography market, thanks to the strong presence of established companies, expanding patient base, and use of cutting-edge medical technologies. Over the past few decades, the US mammography market has experienced significant growth due to increasing government support and increasing funding for research and development activities. Moreover, with the fact that major vendors are adopting different marketing strategies such as acquisitions and partnerships for greater reach among consumers, the business value is bound to increase in the coming years.
As the second largest shareholder in global industry, Europe benefits from large-scale funding for research and development and increased government initiatives to educate people. The major players in the region are Germany and the United Kingdom (UK), where the existence of a well-developed healthcare infrastructure as well as the use of advanced technologies are the main growth drivers.
Asia-Pacific could be the fastest growing mammography market in the coming years, thanks to the rapid growth of the patient base combined with emerging economies like Singapore, Japan and India.
However, the slowest growth will be in the Middle East and Africa, given the presence of substandard healthcare infrastructure and poor economic conditions. But the growth of the mammography market will be better in the Middle East, in response to the increase in health funds as well as the growing number of government initiatives aimed at raising awareness of breast cancer.
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Major Vendors of the Mammography Market
Carestream Health., Hologic, INC., Konica Minolta Business Solutions India Private Limited, GENERAL MEDICAL ITALIA, GE Healthcare, BMI Biomedical International SRL, Canon Inc. Metaltronica SpA, PLANNED OY, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Gamma Medica, Inc . ., Siemens Healthcare, Villa Systems Medical SpA are the key developers of mammography systems and solutions considered in the MRFR Mammography market report.
Mammography Industry Update
Lunit confirms a referral site agreement with a non-profit organization, Baheya Foundation for Early Detection and Treatment of Breast Cancer in Egypt, which focuses on treating women affected by breast cancer. The agreement stipulates that the foundation will adopt Lunit INSIGHT MMG, an advanced AI software that assesses mammograms with high detection power, using it during the screening process. The foundation will cover early detection at all stages of breast cancer treatment, such as chemotherapy, surgery, psychotherapy, radiotherapy, clinical nutrition and physiotherapy.
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At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR) and Advisory Services. The MRFR team has the overriding goal of providing our clients with the highest quality market research and intelligence services.
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