Top 5 Insights From The Digital Mammography Market Report 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
According to The Business Research Company’s Digital Mammography Global Market Report 2024, the digital mammography market is expected to show promising growth in the forecast period.
The digital mammography market has experienced rapid expansion in recent years, with significant projections for the future:
- Market size soared from $1.74 billion in 2023 to $1.95 billion in 2024, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 11.9%.
- Forecasts predict continued growth, with expectations reaching $2.91 billion by 2028 at a CAGR of 10.6%.
Drivers of Growth
Several factors contribute to the unprecedented growth of the digital mammography market:
- Increased breast cancer awareness and screening programs
- Technological advancements improving imaging accuracy
- Government initiatives promoting preventive healthcare
- Rising incidence of breast cancer globally
- Patient preference for digital imaging over traditional methods
Rising Prevalence Of Breast Cancer Fuels Digital Mammography Market
Understanding Breast Cancer
Breast cancer, characterized by the uncontrollable proliferation of abnormal breast cells, remains a significant health concern:
- Approximately 4.1 million American women had a history of breast cancer as of January 1, 2022.
- In 2022 alone, there were roughly 287,850 new cases of invasive breast cancer reported.
Market Players
Key companies driving innovation and growth in the digital mammography market include:
- Siemens Healthineers AG
- Konica Minolta Inc.
- Philips Healthcare
- Hologic Inc.
- Agfa-Gevaert N.V.
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Embracing 3D Imaging Technology For Enhanced Breast Cancer Detection
Innovative Solutions
Market leaders prioritize the development of cutting-edge technologies to enhance detection accuracy:
- 3D imaging technology, such as digital breast tomosynthesis (DBT), is gaining prominence.
- Dana-Farber’s mobile mammography van, equipped with digital 3D mammography, exemplifies this innovation.
Teledyne Dalsa’s Strategic Acquisition Of Sigmascreening B.V. Expands Innovations In Digital Mammography And Breast Cancer Screening
Strategic Moves
Teledyne DALSA’s acquisition of Sigmascreening B.V. signals a commitment to advancing digital mammography technology:
- Access to Sigmascreening’s IP portfolio and algorithms enhances Teledyne DALSA’s capabilities.
- Sigmascreening specializes in pioneering solutions for digital mammography and breast cancer screening.
Segmentation and Regional Outlook
Market Segmentation The digital mammography market is segmented based on product, application, and end user:
- Product: 2D Full Field Digital Mammography Tomosynthesis, 3D Full Field Digital Mammography Tomosynthesis
- Application: Screening, Diagnosis
- End User: Hospitals, Diagnostic Centers, Other End Users
Regional Trends
- North America dominated the digital mammography market in 2023.
- Asia-Pacific is anticipated to witness the fastest growth in the forecast period, highlighting the global nature of the market’s expansion.
In conclusion, the digital mammography market’s remarkable growth trajectory is fueled by technological advancements, increased awareness, and strategic partnerships. With innovative solutions like 3D imaging and expanding global initiatives, the future looks promising for early breast cancer detection and improved patient outcomes.
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