Mammography System Market Growing Rapidly In USA 2027 by Emergen Research

The global mammography system market is expected to reach USD 4,255.3 Million by 2027, according to a new report by Emergen Research. The market for mammography system is experiencing high demand attributed to the rising occurrence of breast cancer and the usage of mammogram in identifying masses/lesions and other abnormalities in the breasts. Breast cancer is the most commonly occurring cancer type in women with more than 2 million new breast cancer cases in 2018. The global breast cancer survival rates vary greatly, ranging from around 80% in North America, Japan, and Sweden to nearby 60% in middle-income nations and lower than 40% in low-income nations. Hence, the implementation of breast imaging to screen and detect malignant cells in the human breast is driving the demand for the mammography system market.

The leading players in the market include Hologic, Siemens Healthineers, Metaltronica, Philips Healthcare, Fujifilm, Mindray Medical International Limited, Planmed Oy, GE Healthcare, and IMS Sri, among others.

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Growing technological advancements and increased investments in the diagnosis of breast imaging are causative of the rapid growth of the mammography system market. Hologic’s Intelligent 2-D imaging technology and Clarity HD high-resolution 3-D imaging received premarket approval (PMA) from the U.S. FDA (Food and Drug Administration) and are obtainable on the 3Dimensions breast tomosynthesis system. With these advancements, the breast imaging system offers higher resolution 3-D breast images for radiologists, improved workflow for technologists, and a better mammography experience with low-dose alternatives for patients.

Product Type Outlook (Revenue, USD Billion; 2017-2027)

1. Analog Systems
2. Digital Systems
3. Breast Tomosynthesis

Usage Outlook (Revenue, USD Billion; 2017-2027)

1. Screening
2. Diagnosis

End Users Outlook (Revenue, USD Billion; 2017-2027)

1. Hospitals & Clinics
2. Diagnostic Centers
3. Research Institutes
4. Regional Analysis

Regional Outlook (Revenue, USD Billion; 2017-2027)

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. MEA

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/mammography-system-market

Key Highlights from the Report

1. In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
2. The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
3. Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Mammography System market.
4. The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.
5. The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.