Market Research Future published a Half Cooked research report on “Global Mammography Market Research Report – Forecast to 2022”– Market Analysis, Scope, Trends and Forecast to 2022.
Mammography is also popularly known as mastography. In this procedure a low-energy X-ray is used to inspect the human breast. It is employed for diagnosis & screening. The main aim of this technique is to detect breast cancer in its early stages. It does so by identifying masses or micro calcifications. These elements are what cause cancer in an individual.
Recently due to increase in the ratio of women getting breast cancer, the mammography market has gained momentum. This procedure cannot stop the growth of cancerous cells. But its most important benefit is that it can detect the early symptoms of it.
Doctors suggest that getting mammography at regular time intervals is the best way to detect cancer early. With the help of it, cancer can be detected up to three years prior to it being felt by women. Mammography has established itself as a customary screening process for breast cancer.
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The global mammography market is expected to grow at a steady rate in the coming years. By 2022, it is estimated to earn above USD 2.7 billion. During the forecast period of 2018-2022, the market is expected to grow at a CAGR of around 15%.
One of the major drivers for the market is the growing number of breast cancer patients. Other growth factors include, increasing geriatric population, rising cognizance regarding diseases amongst the masses and upsurge in the expenditure in the health care sector.
Higher R&D in breast cancer therapies, innovations & advancements in breast imaging modalities further boost the growth of the market. The market may encounter certain hindrances in the form of costly imaging systems & the risk of hazardous side effects of radiation exposure.
The worldwide mammography market is divided into technologies, applications, end users & products.
On the basis of technologies the market is fragmented into digital mammography, 3D mammography, C-View 2D, breast tomosynthesis contrast enhance mammography & analog. In 2015, digital mammography held the largest market. The 3D mammography market is estimated to develop immensely in the coming years. On account of applications the market is bifurcated into screening & diagnostics.
Diagnostic centers & hospitals form the end users segment. During 2016 the major market share holder amongst these two were diagnostic centers. It is because they offer affordable & on-time imaging results.
Lastly the products segment is further separated into 3D mammography, 2D mammography & analog mammography. Out of these, 2D mammography accounted for the largest market share in 2016. It is expected that this product will continue to be dominant in the forecast period (2018-2022) as well.
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Geographically the global mammography market is divided into North America, Europe, Asia Pacific, Middle East, Africa & Rest Of The World.
Looking at the current scenario of the market, North America has grabbed the largest market share in terms of regions. Its success can be attributed to the feasible rates & higher percentage cancer patients.
Europe on the other hand holds the second largest share region wise. Apart from these two Asia-Pacific is expected to advance tremendously in the upcoming years. Experts believe that it holds a lot of future potential.
The global mammography market has seen many technological advancements over the years. One of the most distinct amongst them is the introduction of C-View. It is a fused 2-D image that removes the requirement of 2-D & 3-D images. As a result of this the patient does not have to spend a long time under radiation.
Key Players & Strategies
Some of the major players in this market include Toshiba Medical Systems Corporation, Siemens healthcare, General Electric Company and Hitachi Medical Corporation. Some of key strategies used by these players are mergers, acquisitions and product launches.
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