In order to identify the market's driving forces and potential growth opportunities, a thorough analysis of the competitive environment, product market sizing, product benchmarking, market trends, product innovations, financial analysis, strategic analysis, and other factors was conducted as part of the Mammography market research. To assist readers understand the present market dynamics and how they will affect customers from 2022 to 2029, the report also includes a study of important market developments, such as product launches, agreements, acquisitions, partnerships, mergers, and more.
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Mammography Market Overview:
For the purpose of calculating the total market size for Mammography by regions and market segments, the study analyses each country at the micro level. Using a bottom-up approach, the sizes of the regional and worldwide markets are projected. It is feasible to ascertain how much the unorganised market contributes to the expansion of the bigger market by doing a micro-level analysis of each country. The company must conduct a detailed analysis in order to fully understand the variables impacting, limiting, and providing opportunities in the Mammography market. Interviews with renowned business owners in the area help to verify the findings. The use of data sources from both for-profit and non-profit organisations is done for secondary research and analysis. The requirement and consumption statistics for each player are calculated by combining data from public, private, and, in the case of publicly traded enterprises, corporate earnings data. If a company's financial records are not right away available, you can get them by getting in touch with the budget office of the local government.
Mammography Market was valued at USD 1.94 Billion in 2021, and it is expected to reach USD 4.25 Billion by 2029, exhibiting a CAGR of 10.3% during the forecast period (2022-2029)
4MammographyMarket Dynamics:
The estimates and projections in the MMR Mammography Market Report take a close look at the market dynamics. The data helps in its implementation due to the advantages it offers. The decisions taken by corporate stakeholders and industry leaders will also be impacted. Every company has to know how their product will function in the future. This research is essential to comprehending prior disruptions and enhancing readiness for the upcoming decision-making processes due to the current ambiguity surrounding the COVID-19 scenario. Through strategic insights and flexibility in the face of changing circumstances, Maximize Market Research assists business executives in understanding the complex market.
Mammography Market Segment:
Based on product, the market is segmented into film screen systems, digital systems, analog systems, biopsy systems, and 3d systems. During the forecast period, the digital systems segment is expected to dominate the market. Digital systems segment had a revenue share of more than 60% in 2021. One of the key reasons expected to drive the growth of the market is the rising need for technologically advanced breast cancer screening systems. A rise in demand for the 3D system was caused by government-issued Acts, such as the Medical Imaging Modernization Act, 2015, intended to foster technical breakthroughs. Additionally, the segment is growing as a result of its broad commercial availability and increased demand among healthcare professionals. General Electric Company and Siemens Healthcare Private Limited are two of the prominent players in this market segment (GE Healthcare).
With a CAGR of 12.2%, the 3D systems segment is estimated to grow at a highest rate during the forecast period. This is due to a number of benefits; hospitals & diagnostic clinics are converting to 3D systems as 2D systems are frequently inadequate in identifying every indication of cancer, leading to a rise in the demand for extra screenings, which in turn raises the cost of diagnostics as a whole. Due to technical advantages including improved breast cancer detection rates, the capacity to handle higher operation volumes, and a more favourable reimbursement environment, 3D systems are now widely used.
Moreover, leasing contracts for 3D mammography systems are becoming increasingly common. End-users might pay a defined amount under rental contract arrangements for each 3D mammogram performed using free 3D mammography technology offered by manufacturers. This makes it possible for diagnostic centres and hospitals with limited resources to use this cutting-edge breast imaging equipment. Additionally, some nations have started offering free mammograms in recent years. The use of 3D mammography equipment enables the most precise detection of breast cancer in these public mammography screening programmes. Therefore, it is estimated that the above factors will contribute to the segment's quick rise in upcoming years.
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Regional Analysis:
The five leading geographical regions of the Mammography market are North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America.
Research methodology:
To calculate and confirm the size of the global Mammography market, this study employs top-down and bottom-up approach. To create a lengthy list of well-known and active players, players must adhere to numerous industry classification rules. A detailed validation method is used to identify the market companies that are most pertinent to the enquiry. Priority rankings are created with the help of paid databases like Factiva, Bloomberg, and others, and are then arranged by the revenue from the most recent quarter. Not to mention that a study was developed specifically to address the needs of the key target groups in order to meet the requirements of primary data collection by appointment alone. This makes it simpler for us to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the development of various goods and services. About 70–80% of the data is validated before use using secondary sources, such as the World Bank, associations, corporate websites, SEC filings, OTC BB, USPTO, and EPO, to name a few.
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Mammography Market Key players:
• Analogic Corporation, • Canon Medical Systems Corporation • Fujifilm Corporation • Siemens Healthcare • Toshiba Medical Systems • Metaltronica • Koninklijke Philips NV • PLANMED OY • Allengers Medical Systems L
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