Mammography Workstation Market by Modality, Application, and End‑Use – Global Market Size Estimation, Industry‑Wide Analysis, Competitive Landscape Assessment & Long‑Term Forecast to 2029
Overview
Mammography Workstation Market size was valued at US$ 9.28 Bn in 2021 and the total revenue is expected to grow at 6.7% through 2022 to 2029, reaching nearly US$ 15.59 Bn.
Mammography Workstation Market Overview:
Breast cancer is becoming more common, and technological advancements in the field of mammography are propelling the mammography workstation market forward. Breast cancer is the most frequent malignancy among women. Furthermore, due to the availability of enhanced mammography diagnostic techniques, there has been an increase in breast cancer awareness and early identification of the disease. This factor is boosting the demand for mammography workstations.
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Mammography Workstation Market Dynamics:
The market is being driven by the rising incidence of breast cancer and technical advancements in the field of mammography. Breast cancer claimed the lives of about 0.6 million women in 2021, accounting for almost 15% of all cancer fatalities, according to the WHO. Furthermore, the availability of upgraded mammography diagnostic instruments, as well as increased awareness about breast cancer and early identification of disease, are pushing the demand for mammography workstations. Breast cancer detection by mammography increased to 34.7 per 100 tests, according to the Breast Cancer Surveillance Consortium.
The market for mammography workstations is also being driven by an increasing number of new product launches and quick FDA approvals. The Food and Drug Administration (FDA) in the United States has announced additional efforts to update breast cancer screening to empower patients and encourage decision-making. New assessment categories have been added, quality requirements have been updated, and tissue density norms have been improved. The amount of money spent on research to develop new technology for early breast cancer detection has increased dramatically. Many government-funded programs are focusing on medical technology development in its early stages, as well as data analysis and generation.
These market participants are concentrating on developing next-generation mammography workstations that cover a broad range of radiological applications. Furthermore, artificial intelligence and machine learning have evolved in a way that has increased diagnosis quality. This technique aids the radiologist in the early detection of breast cancer as well as risk prediction in mammography.
Mammography Workstation Market Segment Analysis:
The Diagnosis Screening segment is anticipated to adhere to the growth of the Mammography Workstation Market.
In 2021, the diagnosis screening segment dominated the mammography workstation market, accounting for roughly 39.3 % of total revenue. The extensive usage of mammography workstations in diagnostic screening accounts for this segment's large market share. Asymptomatic women undergo diagnostic screening to detect breast cancer at an early stage when it is still treatable. Furthermore, the industry is being boosted by an increase in the number of breast screening programmers. BreastScreen Australia, for example, is a nationwide breast cancer screening programmer that offers free mammograms every two years to women over the age of 50. Hence, this element is likely to boost the growth of the market in the forecast period.
The hospital's segment is supplementing the growth of the Mammography Workstation Market.
In 2021, the hospital's sector led the mammography workstations market, accounting for 42.4 % of revenue. This is due to an increase in breast cancer screenings and technological developments in mammography workstations. Furthermore, rising healthcare funding and several government changes are propelling the industry forward. Many OECD countries have implemented a mammography workstation-based breast cancer screening program. As a result, the aforementioned elements are helping to drive segment growth.
During the projected period, the fastest-growing segment is expected to be breast care centers. The rising awareness of breast care centers and the expanding network of breast centers is the segment's main driver. These facilities offer comprehensive diagnostic and preventative health care. The Breast Centers Network, for example, is the world's first international network of clinical centers dedicated to breast cancer treatment and diagnosis. The European School of Oncology is working on an initiative to improve and promote breast cancer care around the world.
Mammography Workstation Market Regional Insights:
North America dominated the mammography workstations market in 2021, accounting for 48.2% of revenue, and is likely to continue to do so over the forecast period. In North America, the mammography workstation market is being boosted by a growing senior population and a growing number of product launches. Also, the majority of breast cancer patients are found in America, and this factor is projected to boost the mammography market in the region. Continuous technical improvement in the field of mammography, as well as quick FDA approvals, are helping the region to grow. Furthermore, the presence of significant players in the sector is boosting the market's expansion in the region. Further, increasing investment in the healthcare industry and enhancing breast examination is further estimated to lift the growth of the market.
The objective of the report is to present a comprehensive analysis of the Mammography Workstation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Mammography Workstation Market dynamics, structure by analyzing the market segments and project the Mammography Workstation Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Mammography Workstation Market make the report investor’s guide.
Mammography Workstation Market Scope: Inquire before buying
| Global Mammography Workstation Market | ||||
|---|---|---|---|---|
| Base Year | 2021 | Forecast Period | 2022-2029 | |
| Historical Data | CAGR | Market Size in 2021 | Market Size in 2029 | |
| 2017 to 2021 | 6.7% | US$ 9.28 Bn | US$ 15.59 Bn | |
| Segments Covered | ||||
| by Modality • Multimodal • Standalone |
by Application • Diagnostic screening • Advance imaging • Clinical review |
by End-Use • Hospitals • Breast care centers • Academia |
||
| Regions Covered | ||||
| North America • United States • Canada • Mexico |
Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe |
Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC |
Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A |
South America • Brazil • Argentina • Rest of South America |
Mammography Workstation Market Key Players
• Hologic
• Fujifilm
• Siemens Healthcare
• GE Healthcare
• Philips Healthcare
• Modi Medicare
• Aycan Medical Systems
• LLC
• MILLENSYS
• Trivitron Healthcare.
• Hologic Inc. (US),
• Barco (Belgium)
• Konica Minolta, Inc. (Japan)
• Benetec Advanced Medical Systems (Belgium)
• PLANMED OY (Finland)
• Sectra AB (Sweden)
• Modi MediCare
FAQs:
1. What is the Mammography Workstation Market value in 2021?
Ans: The Mammography Workstation Market value in 2021 was estimated as 9.28 Billion USD.
2. Which segment is likely to dominate the Mammography Workstation Market growth?
Ans: The hospital's segment dominated the market for mammography workstations and accounted for the largest revenue share of 42.4% in 2021. This is owing to the rising number of breast screenings and technological advancements in the field of mammography workstations.
3. Which Region is expected to dominate the Mammography Workstation Market during the forecast period?
Ans: North America dominated the mammography workstation market with a share of 28.9% in 2021. This is attributable to rising healthcare awareness coupled with cloud-based technologies acceptance and constant research and development initiatives.
4. What are the factors driving the Mammography Workstation market?
Ans: Key factors that are driving the mammography workstation market growth include increasing medicare reimbursement for telehealth services, reducing emergency room visits and hospitalization rates, and technological innovation in communication technology across the world.
5. Who are the key players in the Mammography Workstation Market?
Ans: Some key players operating in the mammography workstation market include Teladoc; Doctor on Demand; iCliniq; IBM; Intel Corporation; Philips Healthcare; McKesson Corporation; AMD Telemedicine; GE Healthcare; CardioNet Inc.; 3m Health Information Systems; Medic4all; CirrusMD Inc.; Cisco; and American Telecare Inc.