Global Mammography Market to Grow with a CAGR of 8.61% During 2021-2030; Growing Advancements in Healthcare to Create Numerous Opportunities for Market Growth
Kenneth Research published a report titled Mammography Market: Global Demand Analysis & Opportunity Outlook 2030 which delivers detailed overview of the global mammography market in terms of market segmentation by product, technology, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global mammography market is anticipated to grow with a CAGR of 8.61% over the forecast period, i.e., 2021 – 2030. The market is segmented by product into analog mammography systems, digital mammography systems, and breast tomosynthesis systems, out of which, the digital mammography systems segment is anticipated to garner the largest revenue of USD 2572.13 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of USD 1144.06 Million.
The global mammography market is estimated to garner a revenue of USD 4535.27 Million by the end of 2030, up from a revenue of USD 1993.02 Million in the year 2020. One of the major factors anticipated to drive the growth of the market during the forecast period is the rising healthcare expenditure worldwide, along with the increasing focus on developing advanced diagnostic devices and screening solutions for chronic diseases.
Geographically, the global mammography market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is anticipated to garner the largest revenue of USD 1737.46 Million by the end of 2030. Additionally, in the year 2020, the market in the region generated a revenue of USD 771.50 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Incidences of Breast Cancer to Drive Market Growth
In the year 2020, according to the statistics by the World Health Organization (WHO), 2.3 Million women were diagnosed with breast cancer. Additionally, 685000 deaths were registered worldwide due to the disease in the same year.
Cancer is known to be one of the deadliest chronic diseases worldwide which has taken the lives of numerous people. Amongst all the different types of cancer globally, breast cancer is one such type of cancer which has been known to be prevalent amongst women around the globe. The growing prevalence of breast cancer is expected to drive the need for the early diagnosis of the diseases, and in turn, contribute to the market growth during the forecast period.
However, the limited availability of healthcare resources is expected to operate as key restraint to the growth of global mammography market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global mammography market which includes company profiling of General Electric Company, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, PLANMED OY, Carestream Health, Konica Minolta, Inc., Hologic, Inc., Canon Medical Systems Corporation, Metaltronica S.p.A., General Medical Merate S.p.A., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mammography market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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