Global Mammography Workstation Market – Industry Trends and Forecast to 2029

Mammography Workstation Market Analysis and Size

According to the WHO, more than 0.6 million women lost their lives to breast cancer in 2018, making up almost 15% of all cancer-related fatalities. The market for mammography workstations is also being driven by rising awareness of breast cancer and early disease detection due to the accessibility of sophisticated mammography diagnostic technologies.

Data Bridge Market Research analyses that the mammography workstation market which was USD 135.03 million in 2021, would rocket up to USD 246.25 million by 2029, and is expected to undergo a CAGR of 7.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Mammography Workstation Market Scope and Segmentation      

Market Definition

When referring to a type of specialised technology used for breast imaging, the term "mammography" is used. Low-dose x-ray imaging used to find cancer before the patient notices any symptoms. It is well known to be a kind of non-invasive medical test that doctors frequently employ to diagnose and treat health disorders. Breast ultrasound, MR, and CR mammography, among other common radiography modalities, are just a few examples of pictures that doctors can view, operate, evaluate, and store using a mammography workstation.

Mammography Workstation Market Dynamics

Drivers

• Rising incidence of breast cancer

One of the key factors propelling the mammography workstation market is the rising incidence of breast cancer among people worldwide. The rise in the number of new product launches, swift FDA approvals, and the growing customer preference for minimally invasive treatments that cause less pain all contribute to the market's rapid expansion.

• Rise in research and development activities

Increased investment in research activities to create new technology for early breast cancer diagnosis and the modernization of breast cancer screening to empower patients and help decision-making also impact the market.

• Rise in healthcare spending

The market for mammography workstations is also positively impacted by the rise in healthcare spending, high disposable income, increase in interest in permanent surgical solutions, improvements in healthcare infrastructure, and government incentives for developing medical technology. Additionally, the availability of cutting-edge mammography diagnostic tools and technical advancements in the industry create lucrative opportunities for market participants in the forecast period of 2022 to 2029.

Opportunities

The market is being driven by a number of reasons, including an expanding elderly population and ongoing technology improvements. Government screening programmes are expanding, and mammography awareness is rising. These factors are expected to grow the market over the next few years. The market is evolving due to technological advancements in mammography workstations and the advent of AI and machine learning.

Restraints/Challenges

On the other hand, the high cost associated with the diagnostic imaging devices is are expected to obstruct the market growth. The incapability of detecting all types of cancer is projected to challenge the mammography workstation market in the forecast period of 2022-2029.

This mammography workstation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mammography workstation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In Nov. 2020, GE Healthcare and the Indian Institute of Science (IISc) partnered to launch the Computational and Data Sciences Collaborative Laboratory of Artificial Intelligence in Medical and Healthcare Imaging, a cutting-edge hub for innovation and research at the IISc campus in Bangalore.
• In February 2020, Sun Nuclear Corporation, a supplier of cutting-edge options for radiation therapy, diagnostic imaging, and patient alignment, teamed up with Fujifilm Medical Systems. This partnership intended to educate, train, and make people aware of the importance of breast cancer screening.

Global Mammography Workstation Market Scope

The mammography workstation market is segmented on the basis of modality, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Modality

• Multimodal
• Standalone

 Application

• Diagnostic Screening
• Advance Imaging
• Clinical Review

End Use

• Hospitals
• Breast Care Centers
• Academia

Mammography Workstation Market Regional Analysis/Insights

The mammography workstation market is analysed and market size insights and trends are provided by country, modality, application and end-user as referenced above.

The countries covered in the mammography workstation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the mammography workstation market because of the number of product launches and the prevalence of breast cancer within the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rise in geriatric population and increasing awareness about early detection of breast cancer in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Mammography Workstation Market Share Analysis

The mammography workstation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mammography workstation market.

Some of the major players operating in the mammography workstation market are:

• Siemens (Germany)
• General Electric (U.S.)
• Analogic Corporation (U.S.)
• Konica Minolta Business Solutions India Private Limited (Japan)
• Koninklijke Philips N.V. (Switzerland)
• AURORA HEALTHCARE US CORP (U.S.)
• Delphinus Medical Technologies, Inc. (U.S.)
• Micrima Limited (U.K.)
• Tualatin Imaging (U.S.)
• Metaltronica S.p.A. (Italy)
• SonoCiné (U.S.)
• CMR Naviscan (U.S.)
• Hologic, Inc. (U.S.)
• FUJIFILM Corporation (U.S.)

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