According to Precision Business Insights (PBI), the latest report, the global mammography workstations market was valued at USD 53.5 million in 2021. The global mammography workstations market is segmented into the following types: By Product type (Multimodality Mammography Stations and Standalone Mammography Stations), By End-User (Hospitals, Diagnostic Laboratories, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and MEA) Forecast to 2028. Key players’ profiles in the mammography workstations market report are Carestream Health, Barco., Hologic, Inc., GE Healthcare, Fujifilm corporation, Eizo, Agfa-Gevaert Group, SAOTE SPA, Philips, and Benetec BV. The global mammography stations market is being driven by factors such as the rising prevalence of breast cancer around the world, the increasing need for early breast cancer diagnosis and treatment, the rise in government initiatives to raise breast cancer awareness, and the rapid adoption of advanced mammography workstations in hospitals, clinics, and breast care centers. Furthermore, new product launches, increasing regulatory approvals, increasing government investments in R&D activities for more unique and more advanced breast cancer detection techniques, and the rising focus of manufacturers on developing next-generation mammography workstations are also driving the global mammography workstations market. The global industry could be hampered by environmental and other risk issues (such as the risk of radiation exposure), and product recalls.
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Multimodality Mammography Stations Segment Dominates the Mammography Workstations Market
Multimodality mammography stations segment dominated the market and were projected to grow with a CAGR of 5.0% from 2022 to 2028 to reach USD 60.7 Mn by 2028. The factors that are boosting the growth of the multimodality mammography segment are the rapid adoption of multi-modal mammography workstations due to various advantages over standalone mammography workstations, such as higher quality patient care and improved radiological performance, and the emergence of advanced multi-modal mammography workstations including the picture archiving and communication system (PACS)
North America Leads Multimodality Mammography Stations Market:
North America dominates the mammography workstation market because of the rising need for early breast cancer detection and treatment, rise in the global geriatric population, growing prevalence of breast cancer, technological advances in mammography devices, and the presence of key market players in the region, including Hologic, Inc, GE Healthcare. The Asia-Pacific region is expected to grow significantly in the forecast period, owing to increased constant advancement in technologies and an increase in the geriatric population in the area.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global mammography workstations market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2021, Fujifilm Healthcare acquired Hitachi Diagnostic Imaging and presents new portfolio. Fujifilm Healthcare Europe presented a complete and integrated portfolio of diagnostic products and services, including CT, MRI, X-ray, AI, PACS, endoscopy, and ultrasound systems. In Nov 2019, Hologic Introduced Unifi Workspace, a new comprehensive breast diagnostic reading solution. The much-predicted multimodality workstation that designed to allow more informed decision-making and improved workflow efficiencies for radiologists.
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The mammography workstations market detailed segmentation:
Based on the Product Type, the market is segmented into the following:
- Multimodality Mammography Stations
- Standalone Mammography Stations
Based on the End-User, the market is segmented into the following:
- Diagnostic Laboratories
Based on the geography, the market is segmented into the following:
- North America
- Asia Pacific
- Latin America
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