Mammography Market in the US 2017-2021
Breast cancer screening is an integral part of women’s healthcare in the current market. The mammography market in the US has been witnessing continuous technological innovations and developments over the years, mostly because of the increased awareness regarding early breast cancer detection. In mammography, low-dose X-rays are used for the detection of malignancies during a breast examination (human). This procedure involves the positioning of each breast between two plates, and an X-ray image is developed. These images are called mammograms, and they help in the early detection of breast cancer. These mammograms point out the region where the dense mass or clusters of calcium are present. The mammography procedure is referred to as screening and diagnostic tools.
Technavio’s analysts forecast the mammography market in the US to grow at a CAGR of 6.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the mammography market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of mammography equipment.Technavio's report, Mammography Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Mammography Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the mammography market in the US: Hologic, GE Healthcare, Philips Healthcare, Siemens Healthcare, and FUJIFILMS Holdings
Other Prominent Vendors in the market are: Agfa-Gevaert, Carestream Health, Internazionale Medico Scientifica, Metaltronica, PerkinElmer, PLANMED OY, Shimadzu, Toshiba Medical Systems, and Trivitron Healthcare.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is New product approvals coupled with R&D activities. Vendors are strategically focusing on the development and fast approvals of new mammography equipment. New product development coupled with R&D activities help the vendors to sustain their position within fragmented mammography market and to enhance their growth. Vendors are actively involved in launching innovative devices for improving the comfortability and accuracy of the mammographic images. Especially, the 3D imaging approval for GE Healthcare 3D mammography equipment created a repel in the US market.”
According to the report, one of the major drivers for this market is Prevalence of breast cancer. Breast cancer is a most common type of cancer among the women population and is one of the leading causes behind the high mortality rate among them. There is a significant rise in the number of incidence rate from past 25 years, particularly among postmenopausal women. For instance, in 2013, the CDC estimated that 100,000 women encountered breast cancer each year during 1999-2013. The incidence of breast cancer varied with the race and ethnicity.
Further, the report states that one of the major factors hindering the growth of this market is High cost of mammography equipment. Healthcare facilities generate more revenue through the medical imaging procedures such as digital mammography equipment. However, the high cost of digital mammography equipment poses a challenge to the market, as this equipment falls under the category of capital equipment that is associated with budget allocation and high maintenance cost, which all together contribute toward its high pricing among the imaging equipment.
Hologic, GE Healthcare, Philips Healthcare, Siemens Healthcare, FUJIFILMS Holdings, Agfa-Gevaert, Carestream Health, Internazionale Medico Scientifica, Metaltronica, PerkinElmer, PLANMED OY, Shimadzu, Toshiba Medical Systems, and Trivitron Healthcare.
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