Global Full-field Digital Mammography (FFDM) Market – Industry Trends and Forecast to 2029

Global Full-field Digital Mammography (FFDM) Market, By Product Type (Film Screen System, Digital System, 3D System, Analog System, Biopsy System), Technology (Breast Tomosynthesis, Computer Aided Design, Digital), End-User (Hospitals, Ambulatory Centers, Clinics, Others) – Industry Trends and Forecast to 2029.

Global Full-field Digital Mammography (FFDM) Market Analysis and Size

Cancer accounts for a high number of deaths globally on yearly basis. Breast cancer is one of the highest forms of cancer prevalent in the world. According to the U.S. Breast Cancer Statistics, in 2021, approximately more than 2.8 million new cases of breast cancer are expected to be diagnosed in the U.S. In such a case, early detection becomes crucial. This can easily be facilitated by full-field digital mammography (FFDM). 

• Data Bridge Market Research analyses that the full-field digital mammography (FFDM) market is expected to undergo a CAGR of 6.00% during the forecast period. This indicates that the market value, which was USD 1,727.71 million in 2021, would rocket up to USD 2,753.70 million by 2029. “Hospitals” dominates the end-user segment of the full-field digital mammography (FFDM) market owing to the growing number of hospitals especially in the developing economies.

Global Full-field Digital Mammography (FFDM) Market Definition

From the name itself, it is clear that full-field digital mammography (FFDM) are the medical devices that are used for medical imaging by using low dose x-rays to diagnose the human breast and detect the tumour cells. The full-field digital mammography (FFDM) are technologically advanced medical imaging devices that facilitate early detection of breast cancer.

Report Scope and Market Segmentation

Full-field Digital Mammography (FFDM) Market Dynamics

Drivers

• Rising Prevalence of Breast Cancer

Growing incidence rate of breast cancer globally is one of the major factors fostering the growth of the market. Breast cancer is common in women over and above the age of 40 years. Growing awareness among the populations regarding early diagnoses of breast cancer is further inducing growth of the market.          

• Research and Development Proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices coupled with the integration of artificial intelligence with the devices is also bolstering the market growth rate.

• Growing Investment for Healthcare Facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, growing demand for regular monitoring, rising government initiatives to improve clinical interpretation and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, unhealthy lifestyle of individuals, rising internet penetration rate, rising contract-based diagnostic solutions and mobile solutions, ongoing product development and commercialization and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges Global Full-field Digital Mammography (FFDM) Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services, dearth of skilled medical professionals and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, high costs associated with the procedure, increase in the cost of breast imaging systems, rising stringent regulatory approval procedures, limited insurance coverage and regulatory compliance, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This full-field digital mammography (FFDM) 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 full-field digital mammography (FFDM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Full-field Digital Mammography (FFDM) Market

The COVID-19 pandemic essentially affected the market. This is because of the fact that majority of the healthcare resources were directed towards meeting the demand arising out of COVID-19 patients. Postponement of non-elective surgeries and non-essential healthcare procedures coupled with dramatic cut down of hospital and healthcare services due to social distancing measures taken by governments across the globe has further derailed the market growth rate in this pandemic period. Further, restrictions imposed on travel owing to the lockdown regulations further challenged the market growth rate in this period. However, the post pandemic period will help to generate profits and revenues. 

Recent Development

• In November 2020 Densitas Inc. announced the partnership with Mammography Educators, LLC to launch artificial intelligence-powered telehealth technologist training platform which will support business continuity in mammography facilities.
• In October 2020, Hologic, Inc. announced the commercial availability of 3DQuorum Imaging Technology which is powered by Genius AI in Europe region. The 3DQuorum Imaging Technology is using Genius AI-powered analytics to reconstruct high-resolution 3D data as per the company’s disclosures this technology helps in reducing the interpretation time of images.

Global Full-field Digital Mammography (FFDM) Market Scope

The full-field digital mammography (FFDM) market is segmented on the basis of product type, technology 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.

Product type

• Film Screen System
• Digital System
• 3D System
• Analog System
• Biopsy System

On the basis of product type, the full-field digital mammography (FFDM) market is segmented into film screen system, digital system, 3D system, analog system and biopsy system. 

Technology

• Breast Tomosynthesis
• Computer Aided Design
• Digital

Based on technology, the full-field digital mammography (FFDM) market is segmented into breast tomosynthesis, computer aided design and digital.

End-user

• Hospitals
• Ambulatory Centers
• Clinics
• Others

The full-field digital mammography (FFDM) market is also segmented on the basis of end-user into hospitals, ambulatory centers, clinics and other.

Full-field Digital Mammography (FFDM) Market Regional Analysis/Insights

The full-field digital mammography (FFDM) market is analysed and market size insights and trends are provided by country, product type, technology and end-user as referenced above.

The countries covered in the full-field digital mammography (FFDM) 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 full-field digital mammography (FFDM) market because of the strong base of healthcare facilities, widespread utilization of medications, rising breast cancer cases, increasing women population, rising awareness pertaining to preventive check-up for breast cancer and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, increasing of the incidences of breast cancer, large population pool, and the growing demand for quality healthcare 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.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The full-field digital mammography (FFDM) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for full-field digital mammography (FFDM) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the full-field digital mammography (FFDM) market. The data is available for historic period 2010-2020.

Competitive Landscape and Full-field Digital Mammography (FFDM) Market Share Analysis

The full-field digital mammography (FFDM) 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 full-field digital mammography (FFDM) market.

Some of the major players operating in the full-field digital mammography (FFDM) market are:

• General Electric (US)
• Koninklijke Philips N.V. (Netherlands)
• Canon Medical Systems Corporation (Japan)
• Hitachi, Ltd. (Japan)
• Siemens Healthineers AG (Germany)
• Hologic, Inc. (US)
• FUJIFILM Holdings Corporation (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Mindray Medical International Limited (China)
• Analogic Corporation (US)
• Esaote S.p.A (Italy)
• Carestream Health (US)
• CURA Healthcare (India)
• Chison Medical Technologies Co., Ltd. (China)
• Mobisante, Inc. (US)
• Neusoft Corporation (China)
• Clarius Mobile Health (Canada)
• Medgyn Products, Inc. (US)
• United Imaging Healthcare Co., Ltd. (China)