Industry Background:
The National Cancer Institute (NCI) has recorded around 246,660 newly infected people in the year 2016 in addition to this approximately 40,450 deaths were registered in the same year which is caused due to breast cancer. Furthermore, with continuously growing aging population, the global market will grow at a significant growth rate. Digital mammography equipment enables to detect changes in the breast tissues even before primary checkups held by actual patient and physicians and before they can actually feel the presence of a tumor. In this mammography process, the photon is initially converted in light signals and later converted to a digital signal for screening and display.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Siemens Healthineers (Germany), Carestream Health (United States), Hologic, Inc. (United States), GE Healthcare (United States), Planmed Oy (Finland), IMS GIOTTO S.P.A. (Italy), Metaltronica Spa (Italy) and General Medical Merate S.P.A. (Italy) |
This growth is primarily driven by Immediate Availability of Digital Images and Simplified Image Processing and Availability of Brightness, Darkness, or Contrast Customizations.
Globally, a noticeable market trend is evident Integration of CAD Software for Early Detection of Breast Cancer
The Medical Devices sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Siemens Healthineers (Germany), Carestream Health (United States), Hologic, Inc. (United States), GE Healthcare (United States), Planmed Oy (Finland), IMS GIOTTO S.P.A. (Italy), Metaltronica Spa (Italy) and General Medical Merate S.P.A. (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
In April 2021, Siemens Healthineers has acquired of Varian Medical Systems, a leading provider of radiation oncology treatments and software. This acquisition is expected to strengthen Siemens Healthineers' portfolio of medical imaging solutions, including digital breast tomosynthesis systems.
September 2023, Fujifilm India has launched 125 AMULET Innovality digital mammography machines across India as it expands its installation base continuous.
Regulatory Insights:
In the United States, mammography is regulated by the Mammography Quality Standards Act (MQSA) which, in addition to meeting specific criteria and quality standards, requires mammography facilities to notify patients about the results of their mammograms in writing within 30 days of their exam. The breast density reporting laws that are now being passed in some states require facilities to include additional information in results letters that are sent to patients who have been identified as having dense breast tissue. and Moreover, the American Medical Association, the American Congress of Obstetricians and Gynecologists, the American College of Radiology, the American Cancer Society, the National Cancer Institute, and the National Comprehensive Cancer Network all have issued guidelines saying that all women should be eligible for screening mammograms starting at age 40.
Influencing Trend:
Integration of CAD Software for Early Detection of Breast Cancer and Adoption of Ultrasound and Invasive Treatments in Breast Imaging
Market Growth Drivers:
Immediate Availability of Digital Images and Simplified Image Processing and Availability of Brightness, Darkness, or Contrast Customizations
Challenges:
Pool of Skilled Workforce Required and Increasing Healthcare Equipment Cost will Increase the overall Manufacturing Cost
Restraints:
Robust Initial Investment and Establishment Cost and Several Side Effects of Mammography such as Bruising
Opportunities:
Growing Healthcare Infrastructure across the Globe especially in APAC Countries and Increasing Research and Developments in Enhancing Healthcare Facilities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Mammography Equipment Market
- Analysis about New Entrants in Digital Mammography Equipment Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Mammography Equipment Study Sheds Light on
The Digital Mammography Equipment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Mammography Equipment industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Mammography Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.