Portland, OR, April 26, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global mammography systems market generated $2.24 billion in 2020, and is projected to reach $4.71 billion by 2030, growing at CAGR of 7.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Surge in the cases of breast cancer among women across the globe, significant surge in the geriatric population, prevalence of better reimbursement insurance policies, and rise in government funding for breast cancer research are expected to drive the growth of the global mammography systems market. On the other hand, increase in radiation exposure risks among people is expected to hinder the growth to some extent. However, persistent technological advancements in mammography systems for faster and easy detection of breast cancer in women is predicted to create ample opportunities of growth of the industry.
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| Market Size by 2030 | $4718.5 Million |
| Forecast Year | 2020-2030 |
| Growing CAGR | 7.5% |
| Base Year | 2020 |
| Report Key Pointer | COVID-19 Outbreak & Impact |
Impact of COVID-19 on Mammography Systems Market-
- The outbreak of COVID-19 has had a negative impact on the growth of the global mammography systems market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns led to the closure of all manufacturing and production facilities, including those of mammography systems.
- In addition, stringent import and export restrictions imposed by the government and delay in the production of X-ray imaging devices further aggravated the market condition.
- However, the market is expected to recoup soon.
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The report offers a detailed segmentation of the global mammography systems market based on product type, modality, end-user and region.
Based on product type, the analog mammography systems segment generated the highest market share in 2020, garnering more than four-fifths of the total market. The digital mammography systems segment is expected to cite the fastest CAGR of 9.3% during the forecast period.
Based on end-user, the impatient settings segment held the majority share in 2020, holding more than half of the total market. The ambulatory surgical centres segment, on the other hand, is expected to exhibit the fastest CAGR of 9.6% during the forecast period.
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Based on region, the market across North America held the lion’s share in 2020, garnering nearly two-fifths of the total market. The LAMEA region, on the other hand is expected to cite the fastest CAGR of 10.0% during the forecast period.
The key players analyzed in the global mammorgraphy systems market report include Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Siemens AG, and Toshiba Medical Systems Corporation.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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