Mammography is a technique used for obtaining high resolution images of breast tissues. It helps in the detection of breast cancer and other breast-related disorders at the initial stages. The technique is an important aspect of breast cancer diagnosis, as breast cancer is one of the leading causes of death among women.
This market is expected to witness significant growth during the forecast period due to increase in incidence of breast cancer, rise in geriatric population, and proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer. In addition, better reimbursement insurance policies, increased government funding for breast cancer research, and technological advancements, such as the breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues, fuel the demand for mammography systems. However, radiation exposure risks and generation of false positive or negative hamper the market growth.
On the basis of modality, the market is categorized into portable mammography systems and non-portable mammography systems. The portable mammography systems segment dominates the global mammography systems market.
On the basis of end user, the market is bifurcated into in-patient settings and ambulatory surgical centers. The in-patient settings segment dominated the market in 2020.
On the basis of region, the mammography systems market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America registered the highest revenue growth, followed by Europe. LAMEA is predicted to grow faster than Asia-Pacific with a CAGR of 11.3% during the forecast period.
The key players profiled in the market report include Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation.
Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of warehouse robots. For instance, in December 2019, Hologic Inc. acquired Alpha Imaging LLC, for a purchasing price of $18.0 million. This is expected to improve the product portfolio of the company.
This market is expected to witness significant growth during the forecast period due to increase in incidence of breast cancer, rise in geriatric population, and proactive initiatives by healthcare organizations to raise awareness about early detection of breast cancer. In addition, better reimbursement insurance policies, increased government funding for breast cancer research, and technological advancements, such as the breast tomosynthesis, which helps in easy detection of breast cancer in women with dense breast tissues, fuel the demand for mammography systems. However, radiation exposure risks and generation of false positive or negative hamper the market growth.
On the basis of modality, the market is categorized into portable mammography systems and non-portable mammography systems. The portable mammography systems segment dominates the global mammography systems market.
On the basis of end user, the market is bifurcated into in-patient settings and ambulatory surgical centers. The in-patient settings segment dominated the market in 2020.
On the basis of region, the mammography systems market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America registered the highest revenue growth, followed by Europe. LAMEA is predicted to grow faster than Asia-Pacific with a CAGR of 11.3% during the forecast period.
The key players profiled in the market report include Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation.
Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of warehouse robots. For instance, in December 2019, Hologic Inc. acquired Alpha Imaging LLC, for a purchasing price of $18.0 million. This is expected to improve the product portfolio of the company.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, mammography systems market size, mammography systems market share, and dynamics of the mammography systems market analysis from 2020 to 2030 to identify the prevailing mammography systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the mammography systems industry segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global mammography systems market trends, key players, market segments, mammography systems market forecast, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Analog Mammography Systems
- Digital Mammography Systems
By Modality
- Portable Mammography Systems
- Non-Portable Mammography Systems
By End User
- Impatient Settings
- Ambulatory Surgical Centers
By Region
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Europe
- LAMEA
- Latin America
- Middle East
- Africa
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Spain
- Rest of Europe
Key Market Players
- Allengers Medical Systems Ltd
- Fujifilm Holding Corporation
- General Electric Company
- Hologic Inc
- Konica Milota Inc
- Koninklijke Philips N.V. (Philips Healthcare)
- Metaltronica SPA
- Planmeca OY
- Siemens Aktiengesellschaft
- Toshiba Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MAMMOGRAPHY SYSTEMS MARKET, BY PRODUCT TYPE
CHAPTER 5: MAMMOGRAPHY SYSTEMS MARKET, BY MODALITY
CHAPTER 6: MAMMOGRAPHY SYSTEMS MARKET, BY END USER
CHAPTER 7: MAMMOGRAPHY SYSTEMS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to a new report, the mammography systems market size was valued at $2,246.10 million in 2020, and is estimated to reach $4,718.50 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.Advent of technologically advanced systems such as breast tomosynthesis and rise in incidence of breast cancer majorly drive the market growth. In addition, surge in geriatric population and proactive initiatives taken by healthcare organizations to raise awareness about early detection of breast cancer are anticipated to further foster the demand for mammography systems globally. The mammography systems market forecast from 2020 to 2030 mentioned in the report.
The mammography systems market is segmented on the basis of type, modality, end user, and region. On the basis of type, the market is classified into analog mammography systems and digital mammography systems. Analog mammography systems segment dominated the market in 2020 owing to the presence of advanced features such as image size, brightness, and contrast, which help in determining the precise location and extent of cancer using a computer screen.
On the basis of modality, the market is categorized into portable mammography systems and non-portable mammography systems. Portable mammography system is the segment having the highest revenue followed by non-portable mammography systems. Thenon-portable mammography systems segment is expected to grow at a CAGR of 7.5% during the forecast period.
On the basis of end user, the market is divided into in-patient settings and ambulatory surgical centers. The in-patient settings segment holds the maximum mammography systems market share in the mammography systems market, followed by the ambulatory surgical centers industry.
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020 owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (India and China) to overcome the unmet medical needs. Technological advancements to develop cost-effective devices in these nations offer a lucrative opportunity for mammography systems market growth.
The key players profiled in the market report include Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, and Toshiba Medical Systems Corporation.
Several manufacturers in the global mammography systems industry stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries owing to ban on industrial activities with the outbreak of COVID-19 pandemic. This halt in production activities impacted the revenue of the mammography systems manufacturing companies. For instance, net sales of Konica dropped by 11.2% from April 2020 to March 2021. In addition, lack of man power and raw materials affected the supply chain of the global mammography systems market. However, the market is projected to recover from the 1st quarter of 2023 due to reduced restrictions and reopening of the global mammography systems industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace with a start of 2022.
Companies Mentioned
- Allengers Medical Systems Ltd
- Fujifilm Holding Corporation
- General Electric Company
- Hologic Inc
- Konica Milota Inc
- Koninklijke Philips N.V. (Philips Healthcare)
- Metaltronica SPA
- Planmeca OY
- Siemens Aktiengesellschaft
- Toshiba Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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