Global Mammography Market to Grow with a CAGR of 8.61% During 2021-2030

by David Smith Msarket Research News

Kenneth Research has released a report titled “Mammography Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

2.3 Million women, in the year 2020, were diagnosed with breast cancer, according to the statistics by the World Health Organization (WHO). Additionally, in the same, due to the disease, 685000 deaths were registered around the globe.

The statistics portray the growing concern for the rising prevalence of breast cancer around the globe. Cancer is one such type of chronic disease which has taken the lives of a large number of people globally. Breast cancer, amongst all the other types of cancer, is prevalent amongst women largely, and has been known for creating numerous complications in the physical health of women. Backed by the growing awareness for the disease, there is a rising need for the early diagnosis of the disease, which is anticipated to contribute to the market growth in the coming years.

The global mammography market is anticipated to grow with a CAGR of 8.61% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 4535.27 Million by the end of 2030. Additionally, in the year 2020, the market generated a revenue of USD 1993.02 Million. The market is segmented by product into analog mammography systems, digital mammography systems, and breast tomosynthesis systems. By the end of 2030, the digital mammography systems segment, out of all the other segments, is anticipated to garner the largest revenue of USD 2572.13 Million, up from a revenue of USD 1144.06 Million in the year 2020.

By region, the global mammography market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of USD 1737.46 Million by the end of 2030, up from a revenue of USD 771.50 Million in the year 2020.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the limited availability of healthcare resources is one of the major factors predicted to hinder the market growth.

This report also provides the existing competitive scenario of some of the key players of the global mammography market, which includes company profiling of General Electric Company, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, PLANMED OY, Carestream Health, Konica Minolta, Inc., Hologic, Inc., Canon Medical Systems Corporation, Metaltronica S.p.A., General Medical Merate S.p.A., and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Mammography Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global mammography industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global mammography market in the near future.

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