Mammography Market 2023 is anticipated to expand at a CAGR of 9.7% through 2032 | insightSLICE
The anticipated value of the global Mammography market in 2021 was $1.89 billion, and it is projected to increase at a CAGR of 9.7% through 2032.
What is mammography?
Mammography is a diagnostic technology that employs X-rays to detect and image the abnormalities of human breasts. Mammography helps in the identification of breast cancer and other diseases that are related to the breast. These procedures are used to monitor for and detect malignancy in the abdominal region.
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The market is expected to grow as a result of the aging population, medical care groups’ aggressive efforts to raise awareness regarding breast cancer, early detection, and an increase in the incidence rate of the disease.
The involvement in mammography systems is also fueled by better repayment contracts, increased federal funding for breast cancer research, and structural advancements like breast tomosynthesis, which helps in the easy identification of breast metastatic disease in women with thick breast tissues.
The key players of the Global Mammography Market are:
Planmeca OY, Hologic Inc, I.M.S. Srl, Siemens Healthcare, Metaltronica, Toshiba Medical Systems, GE Healthcare, Fujifilm Holding Corporation, Phillips Healthcare, and other major businesses are among those that dominate the Global Mammography Market.
Because there are only a few significant companies in the mammography business, it is a consolidated market. The top market competitors are concentrating on advancing technology and minimizing the negative impacts of operations.
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Driving factors for the growth of Global Mammography Market
Increasing clinical evaluation uses, a booming therapeutic benefits industry, and a growing desire for progressing checking are just a few of the major factors that are anticipated to fuel enthusiasm for mammography equipment in the coming years.
Government initiatives to improve clinical understanding and grant approval for mammary organ maturation monitoring technologies are most likely to boost interest throughout the anticipated period.
There are many stakeholders in the mammography market, including manufacturers of raw materials, producers, processors, wholesalers, buyers, and enterprise customers. A crucial aspect of the mammography market is its accessible ecosystem.
The Mammography Market is expanding as a result of the increasing desire for mammography through numerous applications. The Mammography Market’s active contributors make significant investments in R&D for development. The demand increases as a result, globally.
In addition to this, the encouragement from various governments is fostering the expansion of the global mammography market. A reliable approach is used to determine the Mammography Market value and size.
What was the effect of Covid-19 pandemic?
The COVID-19 pandemic is still changing how different markets are growing, and the outbreak’s direct consequences are diverse.
The COVID-19 pandemic initially had a significant negative effect on the mammography industry because many institutions and diagnostic facilities are still under lockdowns, and the market for mammography treatments is anticipated to be muted in the near future.
For example, according to a June 2022 report for Mammography Recovery following the COVID-19 Pandemic by the Associations of Facility Access and Racial and Ethnic Screening Disparities said that mammography volumes fell in 2019 before rising by 61% the following year.
As a result, given that demand for mammography devices has dramatically grown since the pandemic, this is anticipated to have a considerable influence on manufacturers of these devices.
What is covered in our market report?
One of the services we offer is an analysis of the local consumer market as a whole. The information and data contained in these studies are quite comprehensive, as they have been derived from reliable sources within the business.
We are aware of this, therefore our proper characterization of all variables, especially economic, governmental, legal, cultural, and other, can have an impact on the international market revenue.
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The present market trends for each industry are reviewed, as well as the sectors that are doing well there. It will act as a manual for any business operating in that area or preparing to do so in any product.
Each significant nation in the five major continents of North America, Europe, Asia Pacific, Middle East & Africa, and South America has an approximate revenue potential. Market sizes across nations add up to local revenues, which in turn add up to worldwide market sizes.
The market size estimation is accurate thanks to the topmost methodology. We also estimate the size of the market from the consumer side in addition to the free market.
This supports the measurement of the market. Market expansion is suggested based on variables including the expansion of application sectors, industry laws and regulations, and so on.
Global Mammography Market Key Segments:
By Product
- Film Screen Systems
- Digital Systems
- Analog Systems
- Biopsy Systems
- 3D Systems
By Technology
- Breast Tomosynthesis
- Analog Mammography
- Digital Mammography
- Others
By Usage
- Screening
- Diagnostic
By End Use
- Hospitals
- Diagnostic and Cancer Specialty Centers
- Ambulatory Surgical Centers
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
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Global Anatomic Pathology Market: https://www.insightslice.com/anatomic-pathology-market
Global Autotransfusion Devices Market: https://www.insightslice.com/autotransfusion-devices-market
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