Mammography Equipment: A Global Strategic Business Report
San Jose, CA (Vocus/PRWEB) February 08, 2011
Despite a slowdown in economy and limited healthcare expenditure, global mammography market displayed growth, while other X-ray equipment market segments experienced hard times since the onset of recession. Growth in the market is primarily driven by the worldwide implementation of breast screening programs, growing awareness amongst female population, and increasing women education. With higher breast cancer incidence, developed countries, including the US and Western Europe, leads the global mammography market in terms of proportion of breast cancer screening programs. However, public health organizations for breast screening are also rising in developing world in tandem with increasing breast cancer cases. Aging population, family history, and obesity are fingered as key factors responsible for surging breast cancer rates worldwide.
Worldwide, awareness about breast cancer is rising, with more women coming forward for their yearly mammograms after the age of 40 years or earlier. This has resulted in increased use of mammography for the detection of breast cancer. Mammography is recommended as a standard screening process for breast cancer globally. A major force driving the mammography market is the fact that one out of every eight women in industrialized countries faces the risk of breast cancer. Breast Cancer is the second most common form of cancer in woman after non-melanoma skin cancer. Every year over one million cases of breast cancer are detected worldwide.
Over the years, most developed countries have chalked out breast screening standards. Hence, market for mammography equipment is more developed in these regions. The US represents the largest market for mammography equipment in the world, as stated by the new market research report on Mammography Equipment. Despite of downward spiral in mammography procedural volume, uninsured patients, and risk of malpractice, the US breast imaging market is flourishing, driven by advances in technologies and delivery models, product innovations, increasing use of digital mammography equipment, growing public awareness, and low dose advantage of digital machines. Additionally, mammography centers in the US are making mammography a pleasant and easy experience for women by adopting a full service approach. However, lower reimbursement rates, and closure of several imaging facilities are major growth restraints for mammography market in the US. Mammography equipment sales also picked up in Asia Pacific, largely due to increasing awareness and national level screening programs in most countries.
Spurred by technical capabilities, significant revenue potential, and more educated clinicians and consumers alike, digital mammography equipment represents the fastest growing segment of the global mammography equipment market. Several outpatient imaging centers, and acute care facilities are increasingly replacing conventional analog systems with digital machines. Digital mammography is leading to the development of newer applications in breast screening, including contrast enhanced mammography, digital tomosynthesis, and fusion techniques combining other imaging methodologies such as MRI and ultrasound. Additionally, manufacturers are making incessant efforts to develop novel digital detectors, cutting edge software, and high-end tubes for enhanced manipulation, transmission, and retrieval of images and data.
Saturation in the developed markets coupled with economic downturn, stalled the growth in global mammography X-ray equipment (analog mammography) market in the recent years. Analog mammography equipment market is further projected to decline drastically, owing to rapid adoption of digital technology across the world. Declining growth rates in the segment are also attributed to low utilization of current installed units and low reimbursement costs.
Major players profiled in the report include GE Healthcare, Hologic Inc., Metaltronica SRL, Planmed Oy, Sectra AB, Siemens Healthcare, Toshiba Medical Systems Corp., among others.
The research report titled "Mammography Equipment: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the mammography equipment market, impact of the recession on the market, current market trends, major growth drivers, recent industry activity, new product innovations/introductions, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections in units and dollar terms for mammography equipment market for the years 2007 through 2015 for the following geographic regions – US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Key product segments analyzed include Analog Mammography Equipment and Digital Mammography Equipment. The report also analyzes the US market for Digital Mammography Equipment by the following product segments – Full-field digital mammography (FFDM), and Digital Diagnostic Mammography. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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