shcri.com -The global mammography equipment market amounted to approximately $420m in 2012 and is expected reach more than $650m by 2019, at a Compound Annual Growth Rate (OTCPK:CAGR) of 6%, forecasts Mammography Equipment Market to 2019
Mammography Equipment Market to 2019 states that Hologic was the leader in the global mammography equipment market in 2012 with a 49% share, followed by GE Healthcare, Siemens Healthcare and FujiFilm Holdings Corporation with 20%, 15% and 5% shares, respectively.
According to Mammography Equipment Market to 2019, this market is primarily driven by technical advances in Digital Radiography (DR) such as breast tomosynthesis, C-View 2D, contrast-enhanced mammography and changes in Computer-Aided Detection (NYSEARCA:CAD) algorithms. The high incidence of breast cancer in developed economies will also continue to drive demand for mammography equipment during the forecast period.
Mammography Equipment Market to 2019: "These advancements have led to improvements in breast cancer detection rates and a reduction in image acquisition and reconstruction time, which has in turn enabled medical practitioners to handle a higher volume of procedures."
In most developed countries, there is a fixed reimbursement fee for DR, but compensation for breast tomosynthesis procedures is either lacking or inadequate.
However, an improvement in the reimbursement scenario for breast tomosynthesis could be underway in the US, since the American College of Radiology published a coding guidance earlier this year for the performance of the procedure.
Mammography Equipment Market to 2019: "This is an important step forward as the US Centers for Medicare and Medicaid Services (NYSE:CMS) is expected to follow suit and allocate Current Procedural Terminology (NYSE:CPT) codes for breast tomosynthesis procedures. If allocated, CPT codes would provide a fixed reimbursement fee for imaging centers and hospitals using such procedure.
"Furthermore, this would considerably boost the adoption of mammography equipment during the forecast period, which could potentially drive the market at double-digit growth rates," concludes Mammography Equipment Market to 2019.
Mammography Equipment Market to 2019 - Growth Driven by Technical Advances in Digital Radiography that Enhance Workflow and Improve Breast Cancer Detection
Mammography Equipment Market to 2019 looks at the market, competitive landscape, and trends for the two mammography equipment market segments: digital radiography mammography equipment and film-screen mammography equipment. Key countries are: the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia and Brazil.