Mammography Market Report - Global Forecast 2023
- February, 2017
- Domain: Healthcare - Medical Devices
- Get Free 10% Customization in this Report
Mammography is known as the process of using low-radiation X-rays to diagnose tumors in the human breast. Mammography equipment (mammogram) is fundamentally used as a diagnostic and screening tool. The main purpose of mammography is the early detection of breast cancer through the identification of microcalcifications (tiny specks of calcium deposits that can be scattered throughout the mammary gland). Mammography is believed to reduce mortality from breast cancer by early detection. Awareness of breast changes and physical examination by a physician are considered essential parts of regular breast care. Mammography has been recommended as a standard screening process for breast cancer worldwide. There are three types of mammography systems: analog systems, computed tomography (CR) systems, and full-field digital mammography (FFDM).
The market growth can be attributed to the rising initiatives by various governments and NGOs to raise awareness about early diagnosis of macrocalcifications in breast tissue. Some significant organizations such as the National Breast Cancer Foundation, CDC, and Breast Cancer Organization are promoting the early diagnosis of mammary gland calcification, which is one of the crucial factors expected to drive the demand over the forecast period.
The major drivers of the mammography market include increasing incidence of breast cancer since past 25 years. In 2015, American cancer society estimated the 292,130 new cases of breast cancer. Moreover, increasing demand and current 3D mammogram launches by the major players is expected to boost the growth of the market during the forecasted period. For instance, Hologic offers 2D and 3D imaging-guided breast biopsies via Affirm prone biopsy system. The vendors are currently focusing on the technological advancements, new product launches, and strategic positioning of their businesses in the emerging economies. These factors are expected to drive the Global Mammography market in the future.
The “Global Mammography Market” is estimated to witness a CAGR of 15.03% during the forecast period 2017–2023. The Mammography market is analyzed based on three segments – types, end users, and regions.
The regions covered in the report are the Americas, Europe, Asia Pacific, and Rest of the World (ROW). The Americas is set to be the leading region for the mammography market, followed by Europe. The Asia Pacific and ROW are set to be the emerging regions. India is considered to be one of the most attractive economies in the emerging regions. Companies, such as Philips Healthcare and Hologic, execute breast cancer awareness programmes in association with leading hospitals and healthcare agencies in developed countries to target more patients.
Product Type Analysis:
The Global Mammography market can be segmented into the following types of mammography devices used for screening: Analog Mammography, 2D Mammography, and 3D Mammography. The global 3D digital mammography market is expected to show rapid growth in the forecast period, due to the replacement of 2D mammography by 3D mammography in the high and mid-tier hospitals in the developed countries. By lessening the recall rates of women for breast cancer screening, digital breast tomosynthesis (DBT) promises reduction of overall healthcare costs which is beneficial for the medical insurers. The 2D Mammography segment generated the highest revenue in 2016, and is expected to dominate the market during the forecasted period. This is mainly due to the price difference between 2D and 3D mammograms. The market is also witnessing various mergers, acquisitions, and collaborations among the top players, which is defining the future of the Global Mammography market.
Hologic Inc., Philips Healthcare, Siemens Healthineers, GE Healthcare, Fujifilm Holding Corp., Toshiba Medical Systems Corp., Planmed Oy, Carestream Health Inc. and other predominate & niche players.
The Global Mammography market is highly fragmented with the presence of large as well as small and medium vendors. The advances in technology and product upgradation will increase the competition among vendors. The market is highly dynamic with the presence of few big players accounting for more than half of the revenue generated worldwide.
The report provides complete details about the usage and adoption rate of mammography in the end users and regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, government initiatives towards the mammography screening adoption in the upcoming years along with the details of commercial products available in the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
3.3.1 Ultrasound Devices
3.3.2 Medical X-ray Equipment
3.3.3 MRI Equipment
4 Market Outlook
4.2 Market Definition – Infoholic Research
4.3 Importance of Mammography
4.4 Market Segmentation
4.5 Porter 5(Five) Forces
5 Market Characteristics
5.2 Mammography Advantages
5.3 Mammography Disadvantages
5.4 Role of Mammography in Healthcare
5.5 Market Dynamics
5.5.4 DRO – Impact Analysis
5.5.5 Key Stakeholders
6 Types: Market Size and Analysis
6.2 3D Mammography
6.3 2D Mammography
6.4 Analog Mammography
7 End-User: Market Size and Analysis
7.3 Ambulatory Care
8 Regions: Market Size and Analysis
9 Market Attractiveness
9.1 Market Attractiveness by Types
9.2 Market Attractiveness by End Users
9.3 Market Attractiveness by Regions
10 Competitive Landscape
11 Vendor Profiles
11.1 Hologic Inc.
11.1.2 Business Unit
11.1.3 Geographic Presence
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategy
11.2 GE Healthcare Inc.
11.2.2 Business Unit
11.2.3 Geographic Presence
11.3.4 Business Focus
11.2.5 SWOT Analysis
11.2.6 Business Strategy
11.3 Siemens Healthineers Inc.
11.3.2 Geographic Presence
11.3.3 Business Focus
11.3.4 SWOT Analysis
11.3.5 Business Strategy
11.4 Fujifilm Holdings Corp.
11.4.2 Business Unit
11.4.3 Geographic Presence
11.4.4 Business Focus
11.4.5 SWOT Analysis
11.4.6 Business Strategy
11.5 Philips Healthcare
11.5.2 Business Unit
11.5.3 Geographic Presence
11.5.4 Business Focus
11.5.5 SWOT Analysis
11.5.6 Business Strategy
12 Companies to Watch For
12.1 Planmed Oy
12.2 Toshiba Medical Systems Corp.
12.3 Carestream Health Inc.
TABLE 1 INVASIVE FEMALE BREAST CANCER PROBABILITY 2016–2026 20
TABLE 2 RECENT MERGERS AND ACQUISITIONS 23
TABLE 3 RECENT PRODUCT LAUNCHES 24
TABLE 4 AVERAGE PRICE OF REFURBISHED MAMMOGRAMS 26
TABLE 5 GLOBAL MAMMOGRAPHY MARKET BY TYPES, 2016–2023 ($MILLION) 31
TABLE 6 GLOBAL MAMMOGRAPHY MARKET BY END-USER SEGMENTATION, 2016–2023 ($MILLION) 36
TABLE 7 GLOBAL MAMMOGRAPHY MARKET REVENUE BY REGIONS, 2016–2023 ($MILLION) 39
TABLE 8 GLOBAL MAMMOGRAPHY MARKET BY VENDOR RANKING, 2016 45
TABLE 9 HOLOGIC INC.: RECENT DEVELOPMENTS 47
TABLE 10 GE HEALTHCARE INC.: RECENT DEVELOPMENTS 54
TABLE 11 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 61
TABLE 12 FUJIFILM HOLDINGS CORP.: RECENT DEVELOPMENTS 66
TABLE 13 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 72
TABLE 14 PLANMED OY: RECENT DEVELOPMENTS 79
TABLE 15 TOSHIBA MEDICAL SYSTEMS CORP.: RECENT DEVELOPMENTS 80
TABLE 16 CARESTREAM HEALTH INC.: RECENT DEVELOPMENTS 83
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.