Global Mammography Equipment Market Anticipated to Reach Over US $2.6 Billion by the End of 2025
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LOS ANGELES, December 10, 2019 (Newswire.com) - QY Research recently published a report titled, “Global (United States, European Union and China) Mammography Equipment Market Research Report 2019-2025”. The global mammography equipment market size was estimated at around US $1.5 billion in 2018 and is expected to reach more than US $2.6 billion by 2025, rising at a CAGR of more than 8 % from 2019 to 2025.
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Reduction of Radiation Exposure to Drive Market
The rising number of cancer cases worldwide will significantly affect the growth of the global mammography equipment market. Breast cancer is increasing among women due to changing lifestyles, dietary habits, obesity, hormone replacement therapies, deficiency of vitamin D, alcoholism, genetic mutation, and delayed motherhood. Mammography equipment detects cancer tumors in women, reducing radiation exposure and visualizing the structure of breasts. It is used to detect symptoms of the diseases, which further helps in its early treatment. Furthermore, better image clarity, accurate diagnosis, implementation of PACS (Picture Archiving and Communication Systems), lower cost of usage, and lower space required with storage of X-ray films are some of the factors propelling the growth rate.
This equipment will help in the early detection of cancer, retard mortality, and ensure effective intervention. The various benefits provided by this equipment is expected to augment its market share.
Digital Mammography Equipment Segment to Lead Global Market
Higher accuracy levels in low-contrast objects, wider dynamic change, the enhanced diagnostic quality of images, provision of soft-copy image displays, and easy transfer options are expected to propel the growth of the digital mammography equipment segment.
North America to Dominate Global Mammography Equipment Market
The rising number of patients, presence of major manufacturers, high awareness ratio, and sophisticated infrastructure have boosted the North American regional market. Better reimbursement schemes and supportive public healthcare laws are also expected to fuel the growth of this regional market.
Manufacturers to Focus on Integrating of Various Devices
Hologic is set to launch Unifi™ Workspace, on the 105th Scientific Assembly and Annual Meeting of the Radiological Society of North America (RSNA). Unifi™ Workspace is a comprehensive reading solution for breast health diagnostics. The workstation is designed to enable more informed decisions and improve efficiencies in workflow for radiologists. It integrates MRI reading, ultrasound, and mammography and allows a more efficient review of breast images. It provides a personalized reading environment for breast centers, along with new systems, each user will have the opportunity to create a customized interface with protocols based on individual preferences.
The major manufacturers covered in the report include EcoRay, Carestream Health, BMI Biomedical International, Dilon Technologies, ADANI, GE Healthcare, Angell Technology, Hologic, AMICO JSC, Philips Healthcare, Anke High-Tech, Siemens Healthcare, Fujifilm, Planmed, ITALRAY, IMS, Metaltronica SpA, General Medical Merate, and others.
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Source: QY Research, Inc.