Mammography Market was valued at USD 2.13 Billion in 2022, and it is expected to reach USD 4.25 Billion by 2029, exhibiting a CAGR of 10.3% during the forecast period (2023-2029)
Mammography Market Overview:
The Mammography Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Mammography Market, as well as the causes for variances in the industry’s growth in various places.
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Mammography Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Mammography Market Drivers:
Rising Occurrence of Breast Cancer: One of the main reasons of the mammography market’s growth is the rising prevalence of breast cancer in the world. For example, according to a Globocan report, breast cancer had a prevalence rate of 11.7 percent, making it the most dominant type of cancer. The same survey found that Asia had the biggest number of affected people 3,218,496 (41.3%), followed by Europe 2,138,117 (27.4%), and North America 1,189,111 in terms of the five-year estimated prevalence for both sexes (15.3 %).
Furthermore, the WHO estimates that 627,000 women across the globe died from breast cancer in 2022, and that the incidence of breast cancer is greater among women in developed nations than in developing ones. Similar to this, according to Cancer Organization India, 25.0% of all female cancer cases in 2022 included the mouth and breast. Additionally, the Susan G. Komen Breast Cancer Foundation, Inc. estimates that 41,760 women will lose their lives to breast cancer in 2019.
Additionally, breast cancer was one of the most common cancers in South Africa in 2022 and one of the main causes of death, according to the South African Journal of Radiology. Because mammography machines may be used for diagnostic reasons, the rising prevalence of breast cancer is one of the major factors influencing the demand for these devices. Moreover, a significant share of women may live to be 60 or older due to the growing global population. About 78 percent of all breast cancer-related deaths in women over 60 are women. The high incidence and mortality rate of breast cancer in this age group suggests that there is a sizable unmet need for breast cancer diagnostics. The necessity for mammography will probably increase as more incidents and fatalities occur. Thus, it is expected that during the forecast period, the growing elderly population would drive market expansion.
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Mammography Market Segmentation:
by Product
Film Screen Systems
Digital Systems
Analog Systems
Biopsy Systems
3D Systems
by Technology
Breast Tomosynthesis
CAD
Digital
by Modality
Portable
Non-Portable
by End-use
Hospitals
Specialty Clinics
Diagnosis Centers
Others
Mammography Market Key Players: The key players are
1. Hologic Inc.
2. Analogic Corporation,
3. Canon Medical Systems Corporation
4. Fujifilm Corporation
5. Siemens Healthcare
6. Toshiba Medical Systems
7. Metaltronica
8. Koninklijke Philips NV
9. PLANMED OY
10. Allengers Medical Systems Ltd
11. General Electric Company
12. Konica Milota Inc.
13. Gamma Medica Inc.
14. Carestream Health
15. BMI Biomedical International SRL
16. General Medical Italia
17. Villa Systems Medical SpA
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Mammography market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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Key Questions Answered in the Mammography Market Report are:
- Which sub-segment had the largest share in the Mammography market?
- How is the competitive landscape of the Mammography market in 2023?
- Which are the key drivers impacting the Mammography market growth?
- Which region holds the maximum share in the Mammography market?
- What will be the CAGR of the Mammography market during the forecast period (2023-2029)?
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