The report " Mammography Market, By Product Type (Digital Systems, Analog Systems, Breast Tomosynthesis, Film Screen Systems, and Other Product Types), By End-user (Hospitals, Specialty Clinics, and Diagnostic Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. The booming healthcare industry, growing healthcare expenditure and rising demand for regular monitoring are some of the essential factors projected to drive demand for the global mammography market in the coming years. Also, increase access to mammary gland cancer screening systems and growing government initiatives to improve clinical interpretation is one of the crucial factors anticipated to boost the demand for the target market over the forecast period.
Key Highlights:
· In May 2018, Siemens Healthineers and ScreenPoint Medical agreed to partner to develop artificial intelligence-based applications for breast imaging. This collaborative arrangement also includes the acquisition of a strategic minority stake in ScreenPoint Medical by Siemens Healthineers.
· In November 2018, Planmed Oy and Disior Oy signed a collaboration and distribution agreement. The new agreement allows integrating Disior’s orthopedic analysis software with Planmed’s high-tech Cone Beam Computed Tomography (CBCT) scanner, Planmed Verity.
· In March 2019, Royal Philips declared that it has signed an agreement to acquire the Healthcare Information Systems business of Carestream Health Inc. It is an US-based provider of healthcare IT solutions and medical imaging services for hospitals, imaging centres, and speciality medical clinics.
Key Market Insights from the report:
The global mammography market accounted for US$ 1.9 billion in 2019 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on product type, end-user, and region.
· By product type, digital mammography product type segment accounts for approximately 69.3% share in 2015. Highly changing technology is one of the key factors enhancing the utilization and adoption of digital mammography devices. Growing product approvals and technological advancements in hybrid imaging with mammography, such as X-ray imaging with mammography & CAD with mammography are some of the attributes that account for the highest market size.
· By end-user, the global mammography market is segmented into hospitals, speciality clinics and diagnostic centres.
· By region, North America is expected to dominate the target market share due to rising prevalence of breast cancer in the region. For instance, according to Breast Cancer Organization in 2019, around 268,600 new cases of invasive breast cancer are likely to be diagnosed in women in the U.S., besides with 62,930 new cases of non-invasive (in situ) breast cancer.
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The prominent player operating in the global mammography market includes Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips NV, Siemens Healthineers, Metaltronica SpA, PLANMED OY, and Toshiba Medical Systems Corporation.
