The global market for full-field digital mammography (FFDM) could expand at a compound annual growth rate of 8% over the next five years, according to a new report by market research firm GlobalData.
The firm valued the worldwide FFDM sector at $801.2 million in 2010 and predicts that it will exceed $1.3 billion in 2017. The prime driver will be the increasing preference for FFDM systems due to technological advancements and rising reimbursement.
The report also noted that the U.S. Food and Drug Administration (FDA) reclassification of FFDM devices from class III to class II in 2010 could drive growth.
A combination of other modalities, such as ultrasound and MRI with mammography for improved breast cancer detection, is also expected to fuel the market. In addition, FFDM systems will continue to replace film-screen mammography devices to meet greater patient volume and improved detection of breast cancer, according to GlobalData.