Mammography Equipment Market – Share, Growth by Top Company, Region, Applications, Drivers, Trends and Forecast to 2023-2033

Kenneth Research recently added a report on Mammography Equipment Market which provides a detailed insight into the market scenario on the basis of the market size, market volume and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031.

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In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation. 

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The Mammography equipment market in India is an emerging market that has tremendous scope to grow. The Indian mammogram equipment market is an emerging market. Currently, breast cancer is ranked as the second most important cancer after cervix-uteri according to World Health statistics. Breast cancer accounts for 23% of all cancer cases of the world. In 2015, it has been estimated that about 0.25 million women will be diagnosed with breast cancer in India.

The report begins with the introduction section that deals with the characteristic features of a mammogram with its product variation. It provides a detailed study of the major differences of the mammogram product variation. The section has also focused on the gradual developments that have taken place in the mammogram industry. The Market Overview section has highlighted the current market scenario with the future expected growth rate of the equipment market till the year 2016. This section also provides market segmentation in 2011.

The report provides the driving factors that are encouraging the equipment market among which the surging breast cancer cases find a prominent position. The ever growing healthcare industry, growing expenditure on healthcare by the Indian government, prescribed regular monitoring by doctors under specific conditions related to age, family history and other medical background. In addition to these factors another significant factor is the improvement of awareness level regarding early breast cancer detection. The drivers and analysis of the same is provided that are factors which are driving forth the market for the diagnosis equipment. A number of driving factors are acting as catalysts for the high growth of the industry. A detailed analysis of the drivers has been included in the next section. The key challenges include inadequacy of mammogram in terms of correct cancer detection, refurbished market, lack of technical manpower and disparity in awareness level by region.

As, the number of breast cancer patients is increasing in the country, the Government is taking various steps to enable smooth growth of the equipment market. The Government initiatives section highlights the different relaxations in terms of duties for the equipment market to flourish, rampant programmes related to Telemedicine to reach healthcare facilities in remote corners of the country along with self initiated as well as PPP projects to curb breast cancer deaths. Such programmes help to add to the demand for the equipment in the market.

The next section provides a study on the Technological Trends prevailing in the market. It has a section on the current technologies that are used in addition to mammogram screening to enable better results as well as technologies that can become a potential threat to the equipment in future.

The competition section provides an overview of the competitive landscape in the market. A Porters Five Forces Analysis has been incorporated for a brief but effective understanding of the market scenario. The section includes elaborate profile of the major players in the market incorporating the general company information, product lines and segmentation, the financials that is well analysed through key ratios thereby depicting the financial position of the company in terms of its revenue earning and profitability, business highlights and recent developments of the respective company for both domestic and foreign players.

The strategic recommendations section focuses on some effective strategic decisions which can be taken up by companies to increase their market shares. The recommendations provided at the end of the report can prove to be useful for the existing as well as potential entrants into the market.

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The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Mammography Equipment Market  by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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