The global mammography equipment market size is expected to reach USD 5.63 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising prevalence of breast cancer and growing awareness about significance of early detection of breast cancer. In addition, increasing risk of breast cancer among women due to unhealthy lifestyle is expected to boost demand for breast cancer imaging tools.
Patients are exposed to a certain amount of radiation during mammography, which helps to protect them from harmful radiation side effects. Mammography is used to detect breast cancer and tumours. It can also help understand normal and abnormal breast structures. A screening test is used when there are no signs of breast cancer or tumour, while a diagnostic test is used to assess the cause of specific symptoms. These tests help with disease diagnosis, prevention, and even cure.
Breast cancer is the most common cancer in American women, according to the American Cancer Society (ACS). In the US, a woman’s lifetime risk of contracting breast cancer is about 12%, and her risk of dying from breast cancer is about 2.6 percent. In addition, patients experience better results and have high chances of cure on early detection of cancer., which has boosted the mammography equipment market.
Technological advancements in digital radiography, such as breast tomosynthesis and contrast-enhanced mammography, as well as increased use of 3D mammography are key factors propelling the revenue growth of the global mammography equipment market.
The relatively high cost of mammography equipment, however, is expected to restrain revenue growth to a certain extent.. In countries where healthcare infrastructure is still emerging, technologically advanced mammography equipment is not readily accessible. This along with high cost of mammography equipment and slow progress in cancer detection is expected to limit market growth.
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Some Key Highlight in the Report
Top companies operating in the market and profiled in the report include:
Fujifilm Holdings Corporation
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Mammography Equipment Market Segmentation:
Technology Outlook (Revenue, USD Billion; 2018 – 2028)
Product Outlook (Revenue, USD Billion; 2018 – 2028)
Full Field Full Digital Mammography Systems (FFDM)
Breast Tomosynthesis System
End User Outlook (Revenue, USD Billion; 2018 – 2028)
Ambulatory Surgical Centers
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Regional Analysis covers:
Middle East & Africa
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