Shillong Herald

Mammography Devices Market Expected to Witness Massive Growth with a Significant CAGR of 9.15%, asserts DelveInsight

 Breaking News
  • No posts were found

Mammography Devices Market Expected to Witness Massive Growth with a Significant CAGR of 9.15%, asserts DelveInsight

November 14
22:24 2022
Mammography Devices Market Expected to Witness Massive Growth with a Significant CAGR of 9.15%, asserts DelveInsight
Mammography Devices Market
The Global Mammography Devices Market was valued at USD 1.78 billion in 2020, growing at a CAGR of 9.15% during the forecast period and expected to reach USD 3.65 billion by 2026.

The Global Mammography Devices Market was valued at USD 1.78 billion in 2020, growing at a CAGR of 9.15% during the forecast period and expected to reach USD 3.65 billion by 2026. 

The demand for Mammography Devices is primarily witnessing growth on account of the increasing prevalence of breast cancer, technological advancements in breast imaging, and increasing focus on creating awareness regarding routine breast cancer screening programs.

Some of the key market players operating in the Mammography Devices market include SternMed GmbH, FUJIFILM Corporation, Hologic Inc, Planmed OY, General Electric Company (GE Healthcare), Siemens Healthcare GmbH, Koninklijke Philips NV, DMS Group, IMS Giotto S.P.A, General Medical Merate S.p.A, Konica Minolta Inc, Lanmage, Carestream Health, MEDI-FUTURE Inc, Villa Sistemi Medicali Spa. and others.

DelveInsight’s “Mammography Devices Market Insight & Forecast” report will offer an in-depth understanding of the Mammography Devices market, further benefiting the competitors or stakeholders operating in the Mammography Devices arena.

Mammography Devices Overview

A mammography device is used in the development of a mammogram that provides insights about the breast tissue. The machine takes x-rays at doses lower than usual x-rays. Different types of mammography devices are available in the market now such as analog systems, full field digital mammography systems, and digital breast tomosynthesis.

Interested in knowing more about the functioning of Mammography Devices- Visit @ Mammography Devices Operations & Working.

Mammography Devices Market Insights

Among all the regions, North America is expected to account for the largest share in the mammography devices market. This can be attributed to the growing prevalence of breast cancer and the access to better healthcare infrastructure in the region are predicted to be the major influencing factors in driving the overall growth of the market over the forecast period.

The North American mammography devices market is expected to witness growth due to organization of supportive programs regarding breast cancer education and awareness. One such program is conducted by the National Breast Cancer Foundation (NBCF).  The organization provides breast cancer education and free mammograms to women in need. The organization conducts numerous programs such as Beyond The Shock, National Mammography Program, Breast Health Awareness, and Patient Navigation.

To read more about why North America is leading the market growth in the Mammography Devices market, get a snapshot of the Mammography Devices market report.

Mammography Devices Market Dynamics

According to the Centers for Disease Control and Prevention (CDC) reports 2018, breast cancer is one of the most common cancers among women, irrespective of race or ethnicity. It is also the third-most-common cause of death from cancer among American Indian/Alaska Native women.

As per a report published by Globocan in 2020, breast cancer was the most prevalent type of cancer exhibiting an 11.7% prevalence rate. The five-year prevalence rate for both genders showed Asia to hold the highest number of affected people at 3,218,496 (41.3%), followed by Europe at 2,138,117 (27.4%) and North America with 1,189,111 people (15.3%). Such a high prevalence rate of breast cancer across the globe is one of the key driving factors for the growth of the mammography devices market.

In addition to the abovementioned factors, the global population is aging, and age is considered to be a risk factor associated with breast cancer.  It has been reported that women aged 60 years and above account for almost 78% of all breast cancer-related deaths. As breast cancer can be invasive in nature, early diagnosis along with routine checkups becomes important for women across different age groups. This is further expected to boost the mammography devices market in the forecast period as the market recovers from the effects of COVID-19. 

However, the stringent product approval process, adverse effects from radiation exposure and risks associated with mammography, and the high cost of mammograms are expected to limit the mammography devices market growth over the forecast period.

Recent Breakthroughs in Mammography Devices Market:

  • In June 2021, iCAD Inc received the CE Mark approval for their software-ProFound AI® Version 3.0 for Digital Breast Tomosynthesis (DBT). The latest version of this software the offers up to a 10% improvement in specificity performance while maintaining an industry-leading high sensitivity level simultaneously.
  • In December 2020, Hologic Inc received the product approval from US Food and Drug Administration their Company’s Genius AI Detection technology, a new deep learning-based software. This software helps in the early detection of breast cancer when used with the Genius 3D Mammography exam, as Genius AI Detection software aids in the identification and early detection of breast cancer.
  • In March 2020, Therapixel received the US FDA approval for their MammoScreen which is a computer-assisted detection and diagnosis software. This software helps the clinicians in identifying relevant findings when used with compatible full-field digital mammography systems.

Key Players Proactively Working In the Mammography Devices Market

Key Mammography Devices companies involved in manufacturing and production are making significant growth in the advancement of these devices. To boost their market position, they also engage in mergers and acquisitions. Some of the key Mammography Devices companies operating actively in the Mamdmography Devices market include SternMed GmbH, FUJIFILM Corporation, Hologic Inc, Planmed OY, General Electric Company (GE Healthcare), Siemens Healthcare GmbH, Koninklijke Philips NV, DMS Group, IMS Giotto S.P.A, General Medical Merate S.p.A, Konica Minolta Inc, Lanmage, Carestream Health, MEDI-FUTURE Inc, Villa Sistemi Medicali Spa, and others.

Scope of the Mammography Devices Market Report:

  • Geography Covered: Global
  • Study Period: 2018-2026
  • Key Mammography Devices Companies: SternMed GmbH, FUJIFILM Corporation, Hologic Inc, Planmed OY, General Electric Company (GE Healthcare), Siemens Healthcare GmbH, Koninklijke Philips NV, DMS Group, IMS Giotto S.P.A, General Medical Merate S.p.A, Konica Minolta Inc, Lanmage, Carestream Health, MEDI-FUTURE Inc, Villa Sistemi Medicali Spa, and others.
  • Market Segmentation by Type: Analog, Digital [Full Field Digital Mammography, Breast Tomosynthesis, And Combination Systems], And Others
  • Market Segmentation By End-User: Hospitals, Specialty Clinics, And Diagnostic Centers
  • Market Segmentation by Geography: North America, Europe, Asia-Pacific, Rest of the World (Middle East, Africa, and South America)
  • Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View

Table of Contents 

1

Report Introduction

2

Executive Summary

3

Regulatory and Patent Analysis

4

Key Factors Analysis

5

Mammography Devices Porter’s Five Forces Analysis

6

COVID-19 Impact Analysis on Mammography Devices Market

7

Mammography Devices Market Layout

8

Mammography Devices Global Company Share Analysis – Key 3-5 Companies

9

Mammography Devices Companies and Product Profiles

10

Project Approach

11

KOL Views

12

DelveInsight Capabilities

13

Disclaimer

 

Media Contact
Company Name: DelveInsight Business Research LLP
Contact Person: Kritika Rehani
Email: Send Email
Phone: 9193216187
Address:304 S. Jones Blvd #2432
City: Las Vegas
State: Nevada
Country: United States
Website: https://www.delveinsight.com/

Related Articles