Mammography Equipment Market to Surpass $1.1 Billion by 2015, According to New Report by Global Industry Analysts, Inc

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Rising incidence of breast cancer in industrialized as well as developing nations is a principal factor influencing growth in the mammography market. Global market for mammography equipment is projected to reach $1.1 billion by 2015.

Mammography Equipment: A Global Strategic Business Report

Globally, rising awareness about breast cancer has allowed women to come forward for their yearly mammograms after the age of 40 years or earlier, if required. Mammography is recommended as standard screening process for breast cancer globally, resulting in increased adoption of such procedures. A major driving force for the worldwide market for mammography equipment is the fact that one out of every eight women in industrialized countries faces the risk of being affected by breast cancer.

United States and Europe account for about 80% of global volume sales of mammography equipment Technological innovations such as computer-aided detection (CAD) and digital mammography, as well as emerging technologies such as thermal mapping and optical imaging are expected to offer positive growth prospects for the market, as stated in a recent report published by Global Industry Analysts, Inc. Analyzing segment-wise, the Digital mammography equipment market is estimated at US$610 million for 2008. Growth in the segment is driven by numerous technological advantages that ensure improved imaging, rapid scanning, and convenient usage. Although the growth of Full field digital mammography (FFDM) segment in the initial years was almost negligible, the outlook is changing due to proven usage in screening procedures. In the United States, Full field digital mammography market is projected to reach US$677 million by 2015.

On the other hand, renewed interest in new technologies has resulted in eroding the demand for analog mammography equipment. Depleting share of segment is largely attributed to low utilization of existing installed units and low reimbursement costs. Analog mammography equipment market in Europe is projected to decline to US$52 million by 2010.

In Asia, mammography equipment sales have picked up in recent years, largely due to increasing awareness and national level programs in most countries. Australia, China, and India remain the potential markets.

Worldwide mammography equipment market represents a highly concentrated market, with few players dominating the global space. Leading players profiled in the report include GE Healthcare, Hologic Inc., Metaltronica SRL, Planmed Oy, Sectra AB, Siemens Healthcare, and Toshiba Medical Systems Corporation.

The report titled "Mammography Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes major trends, issues, and competitive scenario in the market, along with recent product innovations/introductions, mergers, acquisitions and other strategic industry activities. The report analyzes the market across two product segments, namely Analog Mammography Equipment, and Digital Mammography Equipment. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, and Asia-Pacific.

For more details of this research report, please visit http://www.strategyr.com/Mammography_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.strategyr.com/

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