The global mammography market is growing at a significant pace, owing to the increasing cancer cases worldwide. The key players in the market, government organizations, and NGOs are making notable efforts to create an awareness and offer treatment to patients, which is expected to enhance the growth of the market in the near future. Thus, the market is likely to register a strong growth rate in the forecast period.
Global Mammography Market: Key Trends
The high prevalence of breast cancer worldwide and the rising number of innovations concerning screening and diagnostics are estimated to offer lucrative opportunities for key players operating in the market. The improving healthcare facilities in the developing economies are projected to supplement the market’s growth in the coming years. Furthermore, governments across the globe are making efforts to provide treatments at low cost in order to reach a large number of audience in the near future.
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Global Mammography Market: Market Potential
Technological advancements in the healthcare sector and the emergence of innovative devices and effective therapeutics are the key factors projected to fuel the growth of the global mammography market throughout the forecast period. In addition to this, the rising number of cancer cases across the globe is expected to accelerate the growth of the overall market in the near future.
On the other hand, the lack of awareness among patients in several developing economies and the high cost of treatment are estimated to curb the growth of the global mammography market in the next few years. Nonetheless, the use of digital mammography devices is predicted to generate promising growth opportunities for the key players in the market.
Global Mammography Market: Regional Outlook
In the previous years, the North America market for mammography held a major share of the global market and is estimated to retain its position over the forecast period. The rising number of breast cancer cases and the increasing women population are the key factors anticipated to encourage the development of the North America market in the coming years. In addition, the availability of advanced therapeutics and healthcare infrastructure are predicted to accelerate the market’s growth in the near future.
On the other hand, the development of the economy and the rising popularity of medical tourism are projected to augment the growth of the Asia Pacific market in the next few years. The increasing contribution from China and India and the rising awareness among patients are predicted to supplement the market’s growth in the forecast period. Moreover, the favorable government initiatives and the enhancement of the healthcare sector are likely to contribute towards the growth of the Asia Pacific market in the near future.
Global Mammography Market: Competitive Analysis
The global market is projected to grow progressive throughout the forecast period. The rising emphasis of the leading players on introducing new therapeutics and devices to offer enhanced products to patients is likely to encourage the growth of the overall market in the coming years. As a result, several new players are predicted to participate in the market in order to create a brand name across the globe.
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Some of the leading players operating in the mammography market across the globe are I.M.S. Srl, GE Healthcare, Hologic, Planmed Oy, Phillips Healthcare, Fujifilm, Siemens Healthcare, Mindray Medical International Limited, Toshiba Medical Systems, and Metaltronica. The research study provides a detailed overview of the competitive landscape and throws light on the key strategies and policies that have been adopted by them in order to sustain in the global market.
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