July 23, 2014 — Europe’s mammography systems market revenue will more than double from approximately $155 million in 2013 to an estimated $423 million by 2020, at a compound annual growth rate (CAGR) of 15 percent, according to new analysis from business intelligence provider GBI Research.
The company’s latest report states that this increase, which will occur across five major markets (Germany, the UK, France, Spain and Italy), will retain the same 15 percent CAGR witnessed by Europe’s mammography systems market over the past seven years, when it grew from $59 million in 2006 to just under $155 million in 2013.
GBI Research forecasts sustained expansion for Europe’s mammography systems market, despite the phasing out of film-screen mammography (FSM) systems in 2011, in favor of more advanced full field digital mammography (FFDM) systems, which are available in 2-D and 3-D.
The 2-D FFDM systems market was valued at just under $123 million in 2013 and is forecast to exceed $242 million by 2020, at a CAGR of 10 percent. The 3-D FFDM systems market will grow more rapidly, from just over $32 million in 2013 to almost $181 million by 2020, at a CAGR of 28 percent, according to the report.
Germany will witness the largest total growth in the mammography systems market among the five major markets, expanding from $48 million in 2013 to $140 million by 2020, at a CAGR of 16 percent. The fastest growth will occur in Spain, with the market value rising at a CAGR of 19 percent, from just under $19 million in 2013 to almost $64 million by 2020, according to GBI Research.
For more information: www.gbiresearch.com