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How Will the Mammography Devices Market Grow from 2024 to 2033?

The market for mammography devices has seen rapid expansion in recent years. The market, valued at $1.77 billion in 2023, is projected to increase to $1.97 billion by 2024, boasting a compound annual growth rate (CAGR) of 11.4%. Several factors have contributed to increased growth during the historic period, including heightened government engagement, a surge in the population of older women, enhanced access to and the proliferation of healthcare facilities, improved healthcare insurance and reimbursement policies, and a growing elderly population.

In the forthcoming years, significant expansion is anticipated in the mammography devices market, with an expected growth to $3.07 billion by 2028, indicating a compound annual growth rate (CAGR) of 11.7%. This amplification during the forecasted period can be ascribed to an upsurge in breast cancer incidences, the escalating demand for diagnosing stages at an early stage, the growing requirement for portable mammography systems, an increase in the adoption of digital tools for healthcare diagnosis, and a surge in healthcare research and development. The forecast period will further witness trends like the development of mammography devices empowered by artificial intelligence (AI), advancements in digital mammography, advancements in 3D breast tissue reconstruction technology, the emergence of automated breast ultrasound (ABUS), and improvements in breast biopsy methods.

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What Aspects Are Influencing the Growth Rate of the mammography devices Market?

The mammography device market is likely to advance due to the rising occurrence of breast cancer. Breast cancer refers to the uncontrolled proliferation of cells within the breast leading to potentially malignant tumors that can metastasize to other body parts. Factors contributing to its prevalence include lifestyle changes, an aging population, inherited gene mutations, and hormonal fluctuations. Mammography devices play a pivotal role in combating breast cancer by enabling early detection, precise diagnosis, and effective treatment strategies, enhancing survival chances and patient outcomes. As noted by the American Cancer Society in January 2024, a non-profit organization based in the US, an estimated 310,720 new invasive breast cancer cases in women are foreseen for the year 2024. Additionally, about 42,250 women are anticipated to succumb to breast cancer within this year. Recent statistics reveal a continuous increase in incidence rates by 0.6% yearly, and a slightly higher surge of 1.0% annually in women below 50. Hence, the escalating occurrence of breast cancer is facilitating the proliferation of the mammography device market.

What Are the Critical Segments of the Mammography Devices Market?

1) By Device Type: Analog, Digital, Other Device Types

2) By Modality: Portable Mammography Systems, Non-Portable Mammography Systems

3) By End User: Hospitals, Specialty Clinics, Diagnostic Centers

What Trends Are Redefining Consumer Expectations in the Mammography Devices Market?

Key players in the mammography devices industry are concentrating on creating innovative products like mammography systems equipped with wide-angle tomosynthesis. This high-end breast imaging technology amplifies conventional mammography by rendering 3D images of breast tissue. It significantly aids in the detection of breast cancer, particularly in dense breast tissues, where the standard 2D mammography often falls short due to overlapping structures. For instance, in September 2023, Siemens Healthineers, a medical technology firm from Germany, debuted the Mammomat B. Brilliant mammography system outfitted with wide-angle tomosynthesis. This system, which features groundbreaking PlatinumTomo technology, consists of wide-angle tomosynthesis with a tube movement of 50° – the largest angle possible. It can conduct a quick scan in nearly five seconds, making it the speediest in its category, with exceptional clarity in 3D imaging. The device possesses extraordinary precision in detecting abnormalities and microcalcifications. Its acquisition speed surpasses other models by about 35%, promoting greater patient comfort. Moreover, it brings to light a novel feature known as Flying Focus Spot technology – the first in mammography – which curbs blurring caused by tube movement, maintaining image sharpness even at high velocities.

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What Are the Leading Regions in the Mammography Devices Market Expansion?

North America was the largest region in the mammography devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mammography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Mammography Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the mammography devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Mammography Devices Market Include

1. Mammography Devices Market Executive Summary

2. Mammography Devices Market Segments

3. Mammography Devices Market Size And Template Market Growth Rate

4. Key Mammography Devices Market Trends

5. Major Mammography Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Mammography Devices Market

26. Top Mammography Devices Companies

27. Mammography Devices Market Opportunities And Strategies

28. Mammography Devices Market, Conclusions And Recommendations

29. Appendix

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