Mammography equipment market to be worth $610 million by 2018

Press Release   •   Aug 16, 2013 14:42 BST

The mammography equipment market has been forecast to reach a value of US$610 million by 2018, driven by the rise in breast cancer awareness, the implementation of breast cancer screening programs worldwide and the continued conversion from analog to digital mammography equipment.

Despite a slowdown in the economy and limited healthcare expenditure, the mammography equipment market has displayed growth, while other X-ray equipment market segments have experienced hard times since the onset of recession.

Mammography is the process of using low-energy X-rays (usually around 30 kVp) to examine the human breast and is used as a diagnostic and a screening tool. The goal of mammography is the early detection of breast cancer, typically through detection of characteristic masses and/or microcalcifications.

Worldwide, awareness regarding breast cancer is rising, with more women coming forward for their yearly mammograms after the age of 40 years or earlier. Breast Cancer is the second most common form of cancer in woman after non-melanoma skin cancer.

Every year over one million cases of breast cancer are detected worldwide. This has resulted in an increasing use of mammography for the detection of breast cancer.

With the introduction of new 3D mammography compatible devices, several facilities are replacing their existing devices with new 3D upgradable FFDM devices that will allow them to eventually convert to 3D.

The first 3D mammography system was launched in Europe in 2008, while the technology made an entry into the US in 2011. 3D mammography is yet to witness rapid growth in adoption and is constrained by the lack of reimbursement in majors markets such as the US and support from large-scale studies.

However, with reimbursement for 3D mammography procedures in the US expected to be established in the near-term and positive results from preliminary data from OSLO studies, demand for 3D mammography systems is expected to surge in the coming years.

Key players currently dominating the mammography equipment market include GE Healthcare, Hologic Inc., Metaltronica SRL, Planmed Oy, Sectra AB, Siemens Healthcare, and Toshiba Medical Systems Corp.

For more information on the mammography equipment market, see the latest research: Mammography Equipment Market

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