Rising incidence of breast cancer will boost the mammography workstation market, forecast to touch US$ 170 Bn by 2025 at a CAGR of 7%
Noida, Uttar Pradesh, India, February 24 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Global Mammography workstation Market is estimated to see healthy growth, pegged at a CAGR of ~7% during the forecast period 2020-2027. The increasing cases of breast cancer and technological advancement in mammography are crucial factors for market growth. It seems that breast cancer is the most common cancer form in women. According to the World Health Organization (WHO), over 0.6 million women died from breast cancer in 2018, around 15% of all cancer deaths. Moreover, increasing alertness about breast cancer and early disease detection owing to the availability of advanced mammography diagnostic devices also drives the mammography workstations demand. According to the Breast Cancer Surveillance Consortium, breast cancer detection due to mammography rose to 34.7 per 100 examinations.
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Mammography workstation has an open architecture that offers high-resolution imaging to view, capture, archive, manage, and safeguard digital images and data. These workstations also provide support to both diagnostic screening and workflow. These devices are also scalable, from standalone implementation to a system revising a large mammography workgroup.
According to the WHO, the population aged more than 60 years old is expected to reach 2 billion by 2050. However, the technological advancement in mammography has translated to a higher rate of detection. Early breast cancer detection is an essential key to survival and success as this type of cancer is most likely to develop into a life-threatening illness.
The growing numerous new product launches and speedy FDA approvals also drive the market for mammography workstations. The U.S. FDA announced further steps to modernize breast cancer screening to empower patients and support decision-making. These changes include adding new assessment categories, updating quality standards, and advancement in tissue density standards. Rising research activity investments in developing new technology in early breast cancer detection have increased substantially. Many government-funded projects focus on the early stage of medical technology development and analyze and generate data. Besides, private companies are concentrating on next-generation mammography workstations development.
General Electric, Siemens, FUJIFILM Corporation, Koninklijke Philips N.V., Hologic Inc., Carestream Health, EIZO Corporation, Agfa-Gevaert Group, Barco, Konica Minolta, Inc., Benetec Advanced Medical Systems, PLANMED OY, Sectra AB, Aycan Medical Systems, LLC., and Esaote SPA, among others, are some significant players included in the research study of the global mammography workstation market. Global recognized companies in the industry are intend to expand their product offering areas and further invest in the development of the product quality to meet the high demand for early detection of breast cancer.
Nov-2020: GE Healthcare collaborated with the Indian Institute of Science (IISc) to the inauguration of an advanced center for innovation and research at the IISc campus in Bangalore for Computational and Data Sciences Collaborative Laboratory of Artificial Intelligence in Medical and Healthcare Imaging.
Segmentation Overview of the Global Mammography Workstation Market
The mammography workstation market has been segmented into Modality, Application, and End User. These major market segments are further categorized into various sub-segments to study the market in detail.
By Modality Outlook (Multimodal, Standalone)
By Application Outlook (Diagnostic Screening, Advanced Imaging, Clinical Review)
By End User (Hospitals, Surgical Clinics & Diagnostic Imaging Centers, Breast Care Centers, Researchers & Academia)
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