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 Overview
The market overview of the Mammography industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Mammography Market Report Scope and Research Methodology
The analysis of the Mammography Market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The report also included an extensive, market-oriented, and commercial analysis of the Mammography Market, utilizing a variety of research techniques. The analysis covered various aspects of the market, including region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The growth prospects and future business outlooks of new entrants and existing players in the Mammography market were also researched.
Mammography Market Segmentation
Based on product, the market is segmented into film screen systems, digital systems, analog systems, biopsy systems, and 3d systems. During the forecast period, the digital systems segment is expected to dominate the market. Digital systems segment had a revenue share of more than 60% in 2021. One of the key reasons expected to drive the growth of the market is the rising need for technologically advanced breast cancer screening systems. A rise in demand for the 3D system was caused by government-issued Acts, such as the Medical Imaging Modernization Act, 2015, intended to foster technical breakthroughs. Additionally, the segment is growing as a result of its broad commercial availability and increased demand among healthcare professionals. General Electric Company and Siemens Healthcare Private Limited are two of the prominent players in this market segment (GE Healthcare).
With a CAGR of 12.2%, the 3D systems segment is estimated to grow at a highest rate during the forecast period. This is due to a number of benefits; hospitals & diagnostic clinics are converting to 3D systems as 2D systems are frequently inadequate in identifying every indication of cancer, leading to a rise in the demand for extra screenings, which in turn raises the cost of diagnostics as a whole. Due to technical advantages including improved breast cancer detection rates, the capacity to handle higher operation volumes, and a more favourable reimbursement environment, 3D systems are now widely used.
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Mammography Market Key Players
• Hologic Inc.
• Analogic Corporation,
• 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.
• Gamma Medica Inc.
• Carestream Health
• BMI Biomedical International SRL
• General Medical Italia
• Villa Systems Medical SpA
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Mammography Market Regional Insights
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, and the report includes forecasts for each individual region.
Key questions answered in the Mammography Market are:
- What is Mammography?
- What are the factors driving the Mammography Market growth?
- What are the main challenges the Mammography Market growth?
- What was the Mammography market size in 2021?
- Which trends are expected to generate additional revenue for the Mammography market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Mammography Market?
- What growth strategies are the players considering to increase their foothold in the Mammography Market?
- Who held the largest market share in the Mammography Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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