The high incidence of breast cancer
globally has warranted the need for preventive measures by users. Mammography
is the process of taking pictures (mammograms) of breast using X-rays for
diagnosis and screening purposes. Early detection of malignant growth or tumors
can assist clinicians to offer the right diagnosis. The global mammography
market report by Market Research Future (MRFR) covers the scope of technology
with respect to developed and developing economies.
Market Outlook
The global mammography market is projected to experience a
stupendous growth rate of 9.25% during the forecast period. It is predicted to
expand in size due to rising incidence of breast cancer cases as well as
awareness of the technology. Approval of policies such as the Mammography
Quality Standards Act (MQSA) which ensures quality care in mammography is
likely to push the market demand.
Patients with hormonal disorders and
elderly patients who are vulnerable to breast cancer offer opportunities for
the market. Rising cases of hormonal imbalance and the rising geriatric
population are viable factors of the market. For instance, menopausal hormone
therapy can cause breast cancer. Increased healthcare expenditure as well as
adoption by leading clinics and hospitals can spur the market growth
exponentially.
Segmentation
Analysis
The global mammography market is segmented
by technology and application.
By technology, it is segmented into analog,
digital mammography, C-view 2D, 3D mammography, breast tomosynthesis contrast
enhance tomography, and others. Digital mammography held the largest market
share due to preference of the technology for converting mammographic pictures
into digital images. 3D mammography is expected to be the largest segment by
2022 due to the capacity of the technology for pinpointing breast lesions and
reduce the large number of breast cancer cases. The technology can
capture images of the breast from different angles to give clinicians and
doctors for rapid diagnosis of patients. According to the Radiological Society
of North America, 3D mammography or digital breast tomosynthesis (DBT) can
significantly reduce breast biopsy rates.
By application, it is segmented into
diagnostic, screening, and others. The screening segment is likely to garner
significant revenue due to high cases of cancer among women. Reduction of
detection challenges due to adoption of DBT and digital mammography can drive
segment growth.
Region Analysis
Geographically, the mammography system market comprises Asia Pacific,
Americas, the Middle East & Africa, and Europe.
Within Americas, North America is expected
to be the leading region in the global mammography market till 2022. The
Americas can exhibit a superb growth rate during the forecast period due to
adoption of latest technology, advanced healthcare infrastructure, and presence
of major companies. Increasing government support for research and development
can spur market growth.
APAC can grow at a swift pace due to
presence of developing economies of China and India and huge patient pool.
According to a report by Pfizer, a leading pharmaceutical company, 6.7 million
cancer cases were registered in 2012. High prevalence of breast cancer combined
with leading number of working women as well as initiatives by nations to
introduce screening and diagnostic camps can work favorably for the market.
The Europe region is predicted to be the
second-largest region after North America due to Germany and the U.K.
Within MEA, the Middle East is the biggest
contributor to the market due to huge healthcare spending and presence of
booming economies.
Competitive
Landscape
The mammography market players include Siemens Healthcare
GmbH, Carestream Health, Inc., Shimadzu Corporation, Toshiba Medical Systems
Corporation, FUJIFILM Holdings Corporation, Hitachi Medical Corporation,
Koninklijke Philips, Hologic, Inc., General Electric Company, and others.
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