Maximize Market Research, a top global provider of information and research on the regional and global aerospace and defence industry, has published a report on the Mammography market. Along with other crucial business information, the report offers market sizes by area and projections until 2029.
A variety of market and industry-related topics are covered in the report. A few marketing techniques include product launches, business expansion, alliances, joint ventures, and acquisitions. This study’s preparation has taken into account all crucial aspects of market research that are pertinent to the current state of the sector. The main business trends, difficulties, and opportunities are also included in this market research analysis. The aerospace and defence industry’s leading business consultant, Maximize Market Research, just released a report on the competitive environment and market intelligence for the Mammography Market. An expert with 18 years of experience used primary and secondary data to examine the market from both a domestic and international perspective.
Mammography Market Overview:
The fundamentals of the Mammography Market may be better understood by undertaking a thorough statistical analysis of present and emerging trends. The study looks at Porter’s five forces in order to evaluate the significance of a number of factors, such as threats posed by various agents, competitive strength, and the comprehension of a resource by aspirant young firms. In order to determine the total market size by countries and market categories, the study examined each nation at the micro level. The size of the regional and global markets is calculated using a technique called “bottom-up” forecasting. How much the underground market contributes to the expansion of the larger market can be ascertained by performing a micro level examination of each nation. In-depth interviews with well-known local business owners supported the findings. Both for-profit and open-access sources provide the data that is used in secondary research, which is subsequently analysed. Actual government data, commercial databases, and annual reports of publicly traded companies are the sources for consumption by category and supply by each player in each nation.
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Mammography Market Segmentation:
Rising Occurrence of Breast Cancer: One of the main reasons of the mammography market’s growth is the rising prevalence of breast cancer in the world. For example, according to a Globocan report, breast cancer had a prevalence rate of 11.7 percent, making it the most dominant type of cancer. The same survey found that Asia had the biggest number of affected people 3,218,496 (41.3%), followed by Europe 2,138,117 (27.4%), and North America 1,189,111 in terms of the five-year estimated prevalence for both sexes (15.3 %).
Furthermore, the WHO estimates that 627,000 women across the globe died from breast cancer in 2018, and that the incidence of breast cancer is greater among women in developed nations than in developing ones. Similar to this, according to Cancer Organization India, 25.0% of all female cancer cases in 2018 included the mouth and breast. Additionally, the Susan G. Komen Breast Cancer Foundation, Inc. estimates that 41,760 women will lose their lives to breast cancer in 2019.
Additionally, breast cancer was one of the most common cancers in South Africa in 2021 and one of the main causes of death, according to the South African Journal of Radiology. Because mammography machines may be used for diagnostic reasons, the rising prevalence of breast cancer is one of the major factors influencing the demand for these devices. Moreover, a significant share of women may live to be 60 or older due to the growing global population. About 78 percent of all breast cancer-related deaths in women over 60 are women. The high incidence and mortality rate of breast cancer in this age group suggests that there is a sizable unmet need for breast cancer diagnostics. The necessity for mammography will probably increase as more incidents and fatalities occur. Thus, it is expected that during the forecast period, the growing elderly population would drive market expansion.
Mammography Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
The analysis of the Mammography Market in the research considers cost structures, market shares, the producers’ supply networks, and the laws and regulations in effect at the time. By comparing the price of locally produced goods to the profit made, it is feasible to analyse the regional marketplaces for the Mammography Market.
Mammography Market was valued at USD 1.94 Billion in 2021, and it is expected to reach USD 4.25 Billion by 2029, exhibiting a CAGR of 10.3% during the forecast period (2022-2029)
Mammography Market Key players:
• Canon Medical Systems Corporation
• Fujifilm Corporation
• Siemens Healthcare
• Toshiba Medical Systems
• Metaltronica
• Koninklijke Philips NV
• PLANMED OY
• Allengers Medical Systems Ltd
• General Electric Company
• Konica Milota Inc.
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