November 28, 2019

Mammography Market is expanding at a 10.0% CAGR between 2020 and 2030

The Global Mammography Market size is estimated to be USD 2.13 billion in 2019 and is predicted to reach USD 6.08 billion by 2030 with a CAGR of 10.0% from 2020-2030. Mammogram is used to detect cysts, calcifications, cancer, and non-cancerous breast lumps. Mammography evaluates and diagnoses conditions such as breast cancer. It is a type of breast imaging which involves the use of low dose x-ray for women experiencing symptoms of breast cancer.The aim to the test is early diagnosis of breast cancer so that the patient is offered timely treatment by the healthcare provider. This will further help to reduce the deaths due to breast cancer.

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Market Dynamics and Trends:

The mammography market is expected to exhibit potential growth during the forecast period. The growth of the market is attributed to increase in the prevalence of breast cancer, launch of new mammography systems by market players and rising demand for digital mammography systems. According to the, in the U.S., 1 in 8 U.S. women will develop invasive breast cancer in her lifetime and nearly 85% of breast cases are reported among women who do not have family history of breast cancer. It also stated that in 2017, nearly 252,710 and 2,470 new cases of invasive breast cancer were diagnosed among women and men respectively.

Furthermore, there has been an increase in the prevalence of breast cancer from last few years which signifies the need for early diagnosis and treatment for cancer patients. Strengthening healthcare system, increasing availability of new medical imaging devices and increase in the demand of cost effective diagnostic services in hospital also fuel the growth of the mammography market. According the Ministry of Health and Family Welfare (MoHFW), in India, breast cancer has an incidence of 25.8 per 100,000 women having 50% survival rate. Additionally, rising awareness about early diagnosis of breast cancer and increasing number of initiatives by government organizations in women healthcare also drive the growth of the market.

Other factors that drive the mammography market are increase in healthcare expenditure by developing economies and rise in the demand for diagnostic imaging devices. However, factors such as side effects associated with mammography and lack of accurate results are likely to restrain the growth of the market.

Technological advancement is imaging technologies further exhibits growth opportunities in the mammography market. For instance, in October 2018, Telerad Tech (Bengaluru) launched AI-Powered product – MammoAssistfor early detection of breast cancer. This launch was initiated as a part ofthe Make in India Initiative in the country. In September 2017, GE Healthcare launched “Senographe Pristina” Mammography System that enables patients to control their compression during examination.

Market Segmentations and Scope of the Study:

The global mammography market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is segmented into film screen systems, digital systems, analog systems, biopsy systems, 3D systems. According to the application, the marketis classified into the breast tomosynthesis, CAD and digital. The regional analysis of the market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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Comprehensive competitive analysis and profiles of major mammography market players such as Fujifilm, Hologic, GE Healthcare, Phillips Healthcare, Carestream Health Inc, Toshiba Medical Systems, Siemens Healthcare, Metaltronica, I.M.S. Srl, and PlanmedOyis also provided in this mammography market report.