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How Fast Is The Mammography Devices Market Expected to Grow Between 2025 And 2029?

In recent times, the market size of mammography devices has seen significant expansion. It is projected to increase from $1.97 $ billion in 2024 to $2.2 $ billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.0%. The historical growth can be credited to various factors such as increased government initiatives, a growing population of elderly women, the expansion of healthcare facilities and accessibility, enhancements in insurance and reimbursement policies in the healthcare sector, and an uptick in the aging population.

What Growth Rate Is Anticipated for the Mammography Devices Market in the Coming Years?

The market size for mammography devices is set for considerable expansion in the coming years. By 2029, it’s projected to reach $3.42 billion, growing at a compound annual growth rate (CAGR) of 11.6%. Factors propelling this substantial growth during the forecast period include an upsurge in breast cancer incidents, heightened need for diagnosis in early stages, growing preference for handheld mammography systems, increased use of digital technologies in healthcare diagnostic procedures, and a surge in healthcare-related R&D. The foreseen period is also marked by emerging trends such as the creation of artificial intelligence (AI)-enabled mammography devices, enhancements in digital mammography, improvements in 3D reconstruction of breast tissue, the rise of automated breast ultrasound (ABUS), and progress in techniques for breast biopsy.

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Who Are the Leading Companies in the Mammography Devices Market?

Major companies operating in the mammography devices market are Siemens Healthineers AG, Fujifilm Holdings Corporation, Becton, Dickinson and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Konica Minolta Inc., Hologic Inc., Carestream Health Inc., Analogic Corporation, Canon Medical Systems Corporation, Aurora Health Care Inc., DMS Group, SuperSonic Imagine Ltd., Villa Sistemi Medicali S.p.A, Planmed Oy, Allengers Medical Systems Limited, General Medical Merate S.p.A, KUB Technologies Inc., Delphinus Medical Technologies Inc., Metaltronica S.p.A., SonoCiné Inc., Micrima Limited, IMS Giotto S.p.A., CMR Naviscan Corporation, SternMed GmbH.

What Are the Key Drivers of the Mammography Devices Market?

The rise in breast cancer cases is anticipated to stimulate the expansion of the mammography device market. Breast cancer involves the irregular proliferation of cells in the breast tissue, potentially forming a malignant tumor that may spread throughout the body. Lifestyle alterations, an aging populace, hereditary genetic anomalies, and hormonal factors contribute to the increasing occurrence of breast cancer cases. The key role of mammography devices in the battle against breast cancer can’t be ignored, as they facilitate early detection, precise diagnosis, and efficacious handling tactics, ultimately enhancing the survival rates and patient results. As per the American Cancer Society, a non-profit organization based in the US, it is estimated that approximately 310,720 new invasive breast cancer cases will be identified in women in 2024. Moreover, around 42,250 women are predicted to succumb to breast cancer this year. Current trends indicate a surge in incidence rates by 0.6% every year, with a slightly greater increase of 1.0% annually in women under 50. Consequently, the rising frequency of breast cancer is propelling the mammography device market’s expansion.

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What Are the Key Market Segments in the Mammography Devices Industry?

The mammography devicesmarket covered in this report is segmented –

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

Subsegments:

1) By Analog Mammography Devices: Screen-film mammography (SFM), Full-field analog mammography

2) By Digital Mammography Devices: Full-Field Digital Mammography (FFDM), 2D Digital Mammography, 3D Digital Mammography (Tomosynthesis), Computer-Aided Detection (CAD) Mammography, Digital Breast Tomosynthesis (DBT)

3) By Other Device Types: Portable Mammography Units, Cone Beam Breast Computed Tomography (CBBCT), Automated Breast Ultrasound Systems (ABUS), Molecular Breast Imaging (MBI), Contrast-Enhanced Mammography (CEM)

What Are the Latest Trends in the Mammography Devices Market?

Leading industry players in the mammography devices market are directing their efforts towards the creation of superior products, such as mammography systems with wide-angle tomosynthesis, with the aim of providing better image definition and sharpness. A wide-angle tomosynthesis mammography system represents a significant advancement in breast imaging technology, enriching standard mammography with the addition of three-dimensional (3D) imaging of breast tissue. It proves particularly beneficial in the detection of breast cancer in denser breast tissue, where overlapping structures may complicate the identification of abnormalities through conventional 2D mammography. In the month of September 2023, Siemens Healthineers, a medical technology company based in Germany, revealed the Mammomat B. Brilliant, a mammography system integrating wide-angle tomosynthesis. The Mammomat B. Brilliant incorporates the revolutionary PlatinumTomo technology, which includes a wide-angle tomosynthesis with a 50° tube swing, the greatest angle currently attainable. The system completes a scan within a record speed of roughly five seconds classifying it as the quickest in its category, while allowing for high-resolution 3D imaging. It pinpoints abnormalities and microcalcifications with extraordinary precision. This device’s data gathering speed is about 35% quicker than other models, which results in improved patient comfort. It debuts the Flying Focus Spot technology, a unique feature in the mammography field, that counteracts blurring effects from tube movement, guaranteeing crisp images even when operating at high speeds.

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What Are the Key Regional Markets in the Mammography Devices Industry?

North America was the largest region in the mammography devices market in 2024. 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.

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This Report Delivers Insight On:

1. How big is the mammography devices market, and how is it changing globally?

2. Who are the major companies in the mammography devices market, and how are they performing?

3. What are the key opportunities and risks in the mammography devices market right now?

4. Which products or customer segments are growing the most in the mammography devices market?

5. What factors are helping or slowing down the growth of the mammography devices market?

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