Rising Popularity of 3D Mammography Drives the Global Mammography Equipment Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Mammography Equipment. The global market for Mammography Equipment is projected to reach US$628.6 million by 2020, driven by the growing female geriatric population worldwide, and continued conversion from analog to digital mammography equipment.

Mammography Equipment: A Global Strategic Business Report

Follow us on LinkedIn – Breast cancer is one of the most common forms of cancer and is the leading cause of mortality in women worldwide. Breast cancer can be screened through various techniques and tools, including mammography, MRI and clinical examination, among others. Mammography however remains the gold standard technique in breast cancer screening, driven by a combination of factors such as cost, time taken for the procedure, required expertise to carry out the procedure and the test’s sensitivity and specificity rates. Growing awareness about breast cancer has resulted in the increased use of mammography equipment for its detection. Increase in the number of elderly females, and the susceptibility of this demographic cluster to develop cancer will also help support growth in the market.

Continuous improvements in performance are playing instrumental roles in enhancing adoption and utility of digital mammography equipment. Advancements in the area of digital technologies have allowed users to minimize radiation dosage without affecting image quality. Other advancements include hybrid imaging with CT and Mammography, which helps in creating improved structural and anatomical images for efficient image analysis. The emergence and growing popularity of 3-D mammography, owing to its better screening sensitivity, and high level of accuracy, among other advantages, is also spurring demand in the market. Technological advancements such as new algorithms for CAD C-View 2D, contrast-enhanced mammography, and breast tomosynthesis that facilitate improved cancer detection rates are also expected to foster growth in the near term.

As stated by the new market research report on Mammography Equipment, Europe represents the largest market worldwide, supported by high patient awareness and a favourable reimbursement scenario. Asia-Pacific is forecast to emerge as the fastest-growing market with dollar sales projected to grow at a CAGR of 7.2% over the analysis period. Rising incidence of lifestyle and environment induced breast cancer, government sponsored cancer screening campaigns, increasing digitalization of radiology equipment, and growing medical tourism represent key growth drivers in the region.

Key players covered in the report include GE Healthcare, Hologic Inc., I.M.S. (Internazional Medico Scientifica) srl, Philips Healthcare, Planmed Oy, Siemens Healthcare, and 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 trends, issues, strategic industry activities of major companies worldwide. The report provides market estimates and projections in dollars and units for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific) and Rest of World. Product segments analyzed in the report include Analog Mammography Equipment and Digital Mammography Equipment.

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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