Global Mammography Equipment Market to Reach US$1.0 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Mammography Equipment markets. Global Mammography Equipment market is forecast to reach US$1.0 billion by 2017, encouraged mainly by the increasing implementation of breast cancer screening programs in developed as well as developing markets, rapid transition to digital mammography systems away from analog equipment, and most importantly, increasing awareness about the disease among women. Technological developments giving rise to new breast imaging technologies would be critical for the market’s future growth.

Mammography Equipment: A Global Strategic Business Report

Follow us on LinkedIn –Worldwide, awareness about breast cancer is rising, with more women coming forward for their yearly mammograms after the age of 40 years or earlier if required, resulting in increased usage of mammography for the detection of breast cancer. Rising significance of systematic early detection of breast cancer across the world, particularly in developed countries, is a major driving force for increased adoption of mammography procedures. Incidence of breast cancer varies geographically with developed countries such as the US and Western Europe recording high incidence rate, in comparison to developing countries of Africa, South America, and Asia Pacific. Amongst the two types of mammography equipment, Analog and digital, the latter ranks as the fastest growing spurred mainly by enormous technical capabilities and significant revenue potential.

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. On the other hand, the market for analog mammography equipment is set to witness decline due to the rapid adoption of digital technology. Alternative technologies including Breast Ultrasound, Breast Magnetic Resonance Imaging (MRI), Molecular Breast Imaging (MBI), and Nuclear Breast Imaging are strong contenders for mammography. The global market is characterized by high levels of concentration, with few large players including GE, Hologic and Siemens, controlling a lion’s share of the market mainly because of their ability to pump-in huge investments into the capital intensive industry. Of late, the market has been witnessing participants taking the route of strategic acquisitions and alliances, strengthening R&D activities, and exploring newer markets to reinforce their network for more effective diagnosis as well as treatment of breast cancer.

Despite restrictions posed by the current economic climate, which is leading to a decline in health expenditure, the global mammography equipment market is predicted to grow on a continuous basis encouraged mainly by increasing implementations of breast cancer screening programs in emerging markets. Developing countries offer huge potential for growth as the current markets are relatively small. Usage of less costly alternatives such as infrared imaging and physical tests is rampant in these markets because procurement of mammography equipment is a costly affair. However, recent strides in information technology and its application and increasing emphasis on women’s health are expected to fuel demand for mammography systems in the developing world.

The US commands the leading position as the largest regional market, garnering a significant share in the worldwide mammography equipment market, as stated by the new market research report on Mammography Equipment. The Asian market for mammography displays immense potential for future growth. The market in Asia is forecast to race ahead of other world regions with the fastest CAGR of 9.4% over the analysis period. By product segment, digital mammography equipment accounts for a significant chunk of the global mammography equipment market.

Major players in the market include GE Healthcare, Hologic, Inc., Metaltronica SRL, Planmed Oy, Sectra AB, Siemens Healthcare and Toshiba Medical Systems Corp.

The research report titled “Mammography Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industry and product overview, major market trends and issues, overview of complementary cancer diagnostic technologies in general and breast cancer in particular, product introductions, recent industry activity, and profiles of market players worldwide. Analytics are presented in both and volume (units) and value (US$) for major geographic markets such as United States, Canada, Japan, Europe, Asia-Pacific and Rest of World. Major product segments analyzed include Analog Mammography Equipment, and Digital Mammography Equipment (FFDM and Digital Diagnostic). The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 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.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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