Future Outlook of the Mammography Systems Market: Analyzing Size, Segmentation, and Competitive Landscape By Report Ocean
Introduction
The “ Mammography Systems “ market’s future trajectory is a topic of paramount importance, necessitating a comprehensive analysis encompassing market size, segmentation, competitive landscape, present conditions, and anticipated trends. Moreover, the ongoing challenges posed by the COVID-19 pandemic also warrant strategic insights for businesses to navigate these circumstances successfully.
Market Size and Segmentation
The Mammography Systems market’s evolution hinges on understanding its size and segmentation dynamics. This entails delving into aspects like product types, applications, and geographical distribution. By dissecting these facets, a clearer perspective on future growth prospects can be gained.
Browse Premium Research Report with Tables and Figures : –https://reportocean.us/sample-request/report_id/ARS365
The global mammography systems market held a market value of USD 2,548.8 million in 2021 and is projected to reach USD 4,765.0 million by the year 2030. The market is projected to list a CAGR of 7.5% during the forecast period.
One of the main reasons projected to propel demand for mammography systems throughout the forecast period is the rising prevalence of breast cancer and the rising demand among patients for early-stage diagnosis. Some of the key elements anticipated to fuel the industry’s growth include expanding government initiatives to promote clinical interpretation and greater accessibility to breast cancer screening systems.
The COVID-19 pandemic significantly impacted breast imaging procedures. Lockdowns and other limitations imposed by governments throughout the world have impacted market demand. Governments have put rules in place that delay elective and non-urgent medical operations in order to stop the virus from spreading. Additionally, the virus’s fear of transmission, notably during COVID-19’s initial wave in 2020, led to a large decline in breast imaging findings. According to data from Breast Cancer Now (UK) from September 2020, COVID-19 caused over 9,86,000 women in the UK to skip their breast screening appointments. According to a study published in the Eurasian Journal of Medical Investigation in 2020, mammography in Turkey decreased by 64% when compared to data from 2019.
As a result, the risk of radiation exposure rising will provide new difficulties for the breast imaging. On the other hand, the high price of imaging equipment or technologies would impede the market’s growth. Due to the unfavourable reimbursement scenario in emerging and undeveloped countries, the market will also face considerable challenges. However, the COVID-19 outbreak’s introduction of unfavourable conditions and strict regulatory approval procedures impede market expansion.
Growth Influencers:
Growing prevalence of breast cancer
One of the main variables influencing the market?for mammography systems?is the increasing prevalence of breast cancer. The American Cancer Society estimates that in 2020, there will be around 276,480 new cases of invasive breast cancer in women. In addition, it has been determined that 48,530 women have in situ breast cancer, and it is anticipated that this figure will increase in the upcoming years. Additionally, a lot of businesses have started to launch efforts to support breast cancer screenings. Moreover, according to the Centers for Disease Control and Prevention, regardless of race or ethnicity, breast cancer is the most common malignancy in most Asian countries (CDC). The age-standardized incidence rate of breast cancer in Asia is 34.4 per 100,000 individuals, according to GLOBOCAN 2018. Thus, the rising incidence of breast cancer is?anticipated to support overall growth.
Technological advancements in the field of breast imaging
Collaborations between the public and private sectors generate a wave of awareness that accelerates the market for mammography equipment. Densitas Inc., a global supplier of A.I. solutions for digital mammography and breast screening, released the first artificial intelligence-powered telehealth technician training platform in November 2020 in collaboration with Mammography Educators. This platform will support the ongoing operations of mammography facilities. In collaboration with Mammography Educators, Densitas is offering specialised educational materials and a telemedicine solution that offers real-time virtual training based on Densitas IntelliMammo technician assessments. The densitas intelliMammo suite provides quantitative picture quality measures at the technician and mammography facility levels, enabling the detection of trends in technicians’ productivity. This makes it possible for mammography educators to create a mammography-specific, evidence-based curriculum.
Segments Overview:
The global mammography systems market is segmented into product type, modality, and end user.
By Product Type,
Analog Mammography Systems
Digital Mammography Systems
The analog mammography systems segment held the highest market share of more than 60% in 2021.
By Modality,
Portable Mammography Systems
Non-Portable Mammography Systems
The portable mammography systems is projected to hold the highest market share with largest CAGR of 7.8% over the forecast period.
Request full Report :-https://reportocean.us/sample-request/report_id/ARS365
By End User,
Impatient Settings
Ambulatory Surgical Center
The inpatient settings segment is expected to reach USD 3,345.8 million by 2030.ss
Regional Overview
The global mammography systems market is expected to grow generously during the forecast period due to the rising strategic expansions. The market based on region, is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific market for mammography systems held the largest market share of more than 30%. The North American market for mammography systems is projected to grow at a highest growth rate of 8.2% over the forecast period.
Competitive Landscape
The prominent players operating in the global mammography systems market include Allengers Medical Systems Limited, Fujifilm Holding Corporation, General Electric Company, Hologic Incorporated, Toshiba Corporation, Konica Milota Incorporated, Koninklijke Philips N.V. (Philips Healthcare), Metaltronica SPA, Planmeca OY, Siemens Aktiengesellschaft, and others. The major players in the market hold approximately 50% of the total market share. These market players are capitalizing in product launches, joint ventures, expansions, mergers. Siemens Aktiengesellschaft generated 48% of its revenue from Europe, CIS, Africa, Middle East regions, whereas it generated 28% through Americas region.
The global mammography systems market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global mammography systems market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Pricing Analysis: Pricing analysis of various components used in the manufacturing of mammography systems
Manufacturing Cost Analysis: Cost-share of various components, cost analysis, unit cost analysis
Demographic analysis under mammography
The global mammography systems market report answers questions such as:
What is the market size and forecast of the global mammography systems market?
What are the inhibiting factors and impact of covid-19 on the global mammography systems market during the assessment period?
Which are the types/segments/applications/areas to invest in over the assessment period in the global mammography systems market?
What is the competitive strategic window for opportunities in the global mammography systems market?
What are the technology trends and regulatory frameworks in the global mammography systems market?
What is the market share of the leading players in the global mammography systems market?
What modes and strategic moves are considered favorable for entering the global mammography systems market?
Get a sample PDF of the report at :-https://reportocean.us/sample-request/report_id/ARS365
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
Request full Report :-https://reportocean.us/sample-request/report_id/ARS365
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us