Mammography Workstation Market Projected To Exhibit Robust CAGR of 7.0% For The Forecast Period From 2020 To 2027: Grand View Research Inc.

 


The global mammography workstation market size is expected to reach USD 198.5 million by 2027, expanding at a CAGR of 7.0%, according to a new report by Grand View Research, Inc. Rising geriatric population and continuous technological advancements are the factors driving the market. Increasing government screening programs and the rising awareness about mammography are the factors expected to boost the market during the forecast period. Technological advancements in the field of mastography workstations and the advent of artificial intelligence and machine learning are transforming the market.

Furthermore, rising research and development activities and an increasing number of product launches are also aiding market growth. Many players in the industry are focusing on the development of next-generation mastography workstations to resolve the challenge of overlapping tissue structure by producing the 3D volume of the breast. Furthermore, increasing investment by government and private players in the field of advanced mastography are also creating new avenues for growth.

The incidence rate of breast cancer is continuing to increase both in developing and developed countries. The demand for mastography diagnostic screening has increased substantially. According to the WHO, 627,000 women died of cancer in 2018 globally, which accounted for approximately 15.0% of all cancer deaths. Thus, the above-mentioned factors are expected to boost the market growth.

The increasing incidence of breast cancer and technological advancement in the field of mammography are the factors driving the market growth. Breast cancer is the most common form of cancer in women. According to the WHO, there were more than 0.6 million women dying from breast cancer in 2018, accounting for approximately 15% of all cancer deaths. Moreover, increasing awareness about breast cancer and early detection of disease due to the availability of advanced mammography diagnostic devices are also driving the market for mammography workstations. According to Breast Cancer Surveillance Consortium, breast cancer detection due to mammography rose to 34.7 per 100 examinations.

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Key players are heavily investing in research and development and are engaged in various technological collaborations. Furthermore, an increasing number of product launches and speedy FDA approval is also boosting the market growth. For instance, in January 2020, Trivitron Healthcare launched new mammography systems at Arab Health Convention. These players in the industry are focusing on the development of next-generation mammography workstations, which focus on a wide area of radiology. Moreover, artificial intelligence and machine learning have undergone a transformation that has improved the quality of diagnosis. This technology helps the radiologist to detect breast cancer at an early stage and also helps in risk prediction in mammography. Some of the prominent players in the mammography workstation market include:

  • Hologic
  • Fujifilm
  • Siemens Healthcare
  • GE Healthcare
  • Philips Healthcare

Grand View Research has segmented the global mammography workstation market on the basis of modality, application, end-use:

Mammography Workstation Modality Outlook (Revenue, USD Million, 2016 - 2027)

  • Multimodal
  • Standalone

Mammography Workstation Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Diagnostic screening
  • Advance imaging
  • Clinical review

Mammography Workstation End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Hospitals
  • Breast care centers
  • Academia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

 

 

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