According to Technavio’s latest market research study, the global mammography market is expected to grow at a CAGR over 10% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global mammography market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below
Global 2D mammography market: The 2D mammography segment is projected to continue its dominance over the global mammography market in the coming years owing to the inclination toward digitalization in emerging countries. The cost difference between a 2D and a 3D mammogram is the fundamental driving force behind the high demand for 2D mammography. During the forecast period, the presence of price-sensitive individuals and low reimbursement schemes for out-patient diagnosis are expected to facilitate further growth of the global 2D mammography market.
“The Breast Imaging Reporting and Database System (BI-RADS) developed by American College of Radiology is an established platform for radiologists to evaluate digital mammogram screenings. Radiologists from emerging countries make use of this platform to communicate with other specialists from all over the world in case of an unexpected finding. The scope for improved communications and better diagnosis will drive the overall 2D mammography market in the coming years,” says Barath Palada, a lead analyst at Technavio for research on medical imaging.
Global 3D mammography market: The increasing replacement of replacement of 2D mammography by 3D mammography in the high and mid-tier hospitals in the developed countries is expected to propel the growth of the global 3D mammography market in the coming years. The inclusion of 3D mammography in the medical insurance plans like Hologic’s Genius 3D MAMMOGRAPHY exam, which is being covered by Cigna, is also expected to spur an increase in the adoption of 3D mammography in developed countries such as the US.
Global analog (on-screen) mammography market: With the presence of many regional vendors, limited growth is expected from new system installations of analog mammography in low-tier hospitals, especially in the rural areas of developing countries. Vendors of analog mammography are likely to generate recurring revenue from the maintenance and servicing charges of the already installed systems. For instance, Metaltronica has a dedicated team of technical staff for servicing their installed Lilyum analog mammography systems in Europe.
The top vendors operating in the global analog mammography market are:
- Hologic
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- FUJIFILM Holdings
Other prominent vendors in the market include Agfa-Gevaert, Carestream Health, Internazionale Medico Scientifica, Metaltronica, PerkinElmer, Planmed Oy, Shimadzu, Toshiba Medical Systems, and Trivitron Healthcare.
A more detailed analysis is available in the Technavio report titled, ‘Global Mammography Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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