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May 27, 2020, 2:05 p.m. EDT

At 7.28% CAGR, Mammography System Market Size, Share to surpass a $3415.5 million valuation by 2027

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May 27, 2020 (Market Insight Reports) -- Selbyville, Delaware According to Market Study Report, Mammography System Market provides a comprehensive analysis of the Mammography System market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of industry. This report also provides market landscape and market share information in the Mammography System market.

MARKET OUTLOOK

The global mammography system market Size, Share accounted for $1825.0 million in 2018 and would rise with 7.28% of CAGR over the forecast period of 2019-2027, to reach $3415.5 million by 2027.

Request a sample Report of Mammography System Market at@ https://www.marketstudyreport.com/request-a-sample/2487282/?utm_source=marketwatch.com&utm_medium=ADS

Cancer is one of the most prevalent diseases in the world, and has a high rate of mortality and morbidity. Furthermore, breast cancer is the leading cause of cancer deaths among women. The techniques for detecting breast cancer at an early stage have undergone significant transformation, as a result of which there is an increase in the number of women being successfully cured of breast cancer. However, the rate of occurrence of the disease, as well as cancer deaths, is still significantly high. The screening process, including mammography, is an essential tool for detecting breast cancer. Mammography is helpful for detecting breast cancer even before any disease symptoms are observed in a patient.

The mammography system market Size is being driven by the rise in the occurrence of breast cancer, growing public cognizance regarding the benefits of early cancer screening and advancements in technology. The massive demand for hybrid mammography and the rise in demand for 3D mammography are opportunities which could be leveraged by the industry to propel further market growth.

However, the absence of skilled industry professionals like radiology specialists, continued exposure to harmful radiations and the surging costs of mammography devices are factors that restrain the mammography system market Share, growth. In addition, rigid regulatory framework, insufficient reimbursements for mammography and the presence of substitutes, are creating hurdles for the growth of this market.

REGIONAL OUTLOOK

The global market for mammography systems spans across the regions of North America, Latin America, Europe, the Asia-Pacific and the Middle East and Africa.

The Asia-Pacific mammography system market Size, Share is anticipated to grow the fastest in the forecasting period. The rise in population, growth in the incidence of cancer, increase in per-capita disposable incomes, increased awareness among patients about the importance of early screening and the growing medical tourism industry are factors promoting the growth of the mammography system market in the APAC. Moreover, the countries of Japan and China are the major markets in the Asia-Pacific, showing exceptional scope for growth. The exorbitant cost of these mammography systems, however, is restraining the growth of the market for mammography systems in the region.

COMPETITIVE OUTLOOK

The dominating players in the mammography system market are Canon, Inc., Fujifilm Holdings Corporation, BMI Biomedical International S.r.l., Siemens Healthineers, Konica Minolta, Inc., General Electric Company, Bio-Rad Laboratories, Inc., Metaltronica S.p.A., Villa Sistemi Medicali S.p.A., Siemens AG, Planmed Oy, General Medical Merate S.p.A., QIAGEN N.V., Koninklijke Philips N.V., Hologic, Inc., Carestream Health, Inc. and General Medical Italia.

Hologic, Inc. is a company developing, manufacturing and supplying diagnostic products, surgical products and medical imaging systems for women all around the globe. The company conducts its business operations through five segments: Breast Health, Diagnostics, GYN Surgical, Skeletal Health and Medical Aesthetics. Hologic sells its products through direct sales & service forces and a network of independent distributors & sales representatives. Substantial monetary investment of $0.25 billion in research and development by the company has propelled its stature within the markets of its operable segments.

For More Details on this report@ https://www.marketstudyreport.com/reports/global-mammography-system-market-2019-2027?utm_source=marketwatch.com&utm_medium=ADS

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