Albany, NY, March 29, 2018 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) has published a new report titled “Mammography Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”. According to the report, the global mammography systems market was valued at US$ 1.5 Bn in 2016 is projected to expand at a CAGR of 8% from 2017 to 2025. The report suggests that surge in incidence of breast cancer is anticipated to drive demand for mammography systems from 2017 to 2025. A shift from analog mammography systems to highly advanced digital mammography systems propels the mammography systems market in North America and Western Europe. These regions are likely to account for significant shares of the global mammography systems market. Changing dietary habits and sedentary lifestyle trends in emerging markets such as China and India are expected to fuel the growth of the mammography systems market in Asia Pacific during the forecast period.
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Rise in Awareness about Breast Cancer to Drive the Market
Breast cancer commonly occurs among women aged over 40 years. Usage of X-ray to screen breasts is referred as mammography. Mammography is considered to be a standard imaging tool to detect breast cancer. Mammograms are of two types: diagnostic mammogram and screening mammogram. Diagnostic mammography is performed in women who show symptoms of breast cancer. Screening mammography is performed in women who are asymptomatic. Women with high risk of cancer are advised to undergo mammogram more frequently as compared to women with no or lesser risk of cancer. The two types of mammography systems are analog mammography systems and digital mammography systems. Analog mammography is one of the early techniques used for breast cancer screening. The digital mammography system is also called full-field digital mammography (FFDM). It is a mammography system, in which an X-ray film used in the analog mammography system is replaced by electronics that convert X-rays into mammographic pictures of the breast. Rise in awareness about breast cancer screening programs and technologically advanced mammography systems propel the global mammography systems market.
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Shift from Analog to Digital Mammography Systems to Boost Global Market
The global mammography systems market has been segmented based on technology, end-user, and region. In terms of technology, the market has been bifurcated into analog mammography systems and digital mammography systems. The digital mammography systems segment accounted for major market share in terms of revenue in 2016. The digital mammography systems segment has been classified into 2D mammography systems and 3D mammography systems.
According to Volpara Solutions, efficacy of mammography is reduced in a significant number of women due to the masking of cancers in areas of increased tissue density. However, introduction of 3D mammography improves cancer detection in dense breasts. A newer breast imaging modality, digital breast tomosynthesis (DBT) or 3D mammography, creates a 3D picture of the breast using X-ray. It has become a more popular method of screening. Moreover, increase in number of cancer diagnostic centers with advanced facilities such as digital breast tomosynthesis (DBT) or 3D mammography is anticipated to propel the market during the forecast period. Based on end-user, the global mammography systems market has been segmented into hospitals, ambulatory surgical centers, educational & research institutes, and diagnostic centers.
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Advancement in Breast Cancer Diagnosis Technology to Propel Market in North America
Geographically, the global mammography systems market can be segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global market in 2016, followed by Europe. Advancement in technology and awareness about breast cancer and associated diseases are the key factors driving the mammography systems market in these regions. The regions accounted for high share of the global mammography systems market in the same year. A study published in a journal stated that 1.7 million new cases of breast cancer are diagnosed globally each year and approximately 60% deaths due to breast cancer occur in developing countries. An estimated 70% of women undergo mammography in the U.S. Various government initiatives for women’s health drives the mammography systems market in Asia Pacific. The market in the Middle East is in a developing phase and offers significant expansion opportunities in the near future due to increase in demand for mammograms.
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Key Players Focus on New Product Launch to Expand in Mammography Systems Market
The report also provides profiles of leading players operating in the global mammography systems market. These include Hologic, Inc., Allengers Medical Systems Limited, FUJIFILM Holdings America Corporation, Konica Minolta, Inc., PLANMED OY, and Siemens Healthineers. Most companies focus on new product launch to expand in the mammography systems market. On December 28, 2017, PLANMED OY received the United States Food and Drug Administration (FDA) approval for the Planmed Clarity 2D full-field digital mammography system.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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