How is the Mammography Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the mammography market right now?
The size of the mammography market has experienced swift expansion in the recent past. The market value is predicted to escalate from $2.63 billion in 2024 to $2.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.2%. The growth observed in the previous years has been primarily due to factors such as a surge in breast cancer cases, increased levels of awareness and screening programs, various government-supported initiatives and funding, advocacy and support from different groups, as well as enhanced reimbursement policies.
How fast Is the mammography market expected to grow, and what’s its future value?
In the forthcoming years, the mammography market is projected to experience accelerated growth, with an anticipated size of $4.24 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 10.0%. This surge during the forecast period can be ascribed to several factors such as the advent of personalized medicine, extension of breast cancer screening services, increased research collaborations, burgeoning telemedicine and remote screening services as well as a pronounced focus on care centered around the patient. Dominant trends projected for the forecast period include the dominance of digital mammography, the rising adoption of 3D mammography (tomosynthesis), incorporation of artificial intelligence, growing emphasis on personalized screening, broadening uses beyond mere cancer screening and progress in breast imaging technology.
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What are the leading drivers of growth in the mammography market?
The mamography market’s growth is expected to advance due to an increase in breast cancer incidences. When cells in the breast start to grow uncontrollably, it results in breast cancer. The global rate of breast cancer is escalating, making mammography a highly significant and common tool for early detection and diagnosis. For example, according to a US-based nonprofit organization, Breastcancer.org, it is anticipated that an estimated 297,790 new cases of invasive breast cancer along with 55,720 new cases of DCIS will be diagnosed in US women in 2023. Additionally, the American Cancer Society, another US-based voluntary organization, reported that 287,850 new instances of invasive breast cancer were detected in the United States in 2022, plus 51,400 new cases of non-invasive (in situ) breast cancer. As a result, the growing occurrence of breast cancer is fueling the progress of the mammography market.
What are the key segments defining the mammography market?
The mammography market covered in this report is segmented –
1) By Product: Film Screen Systems, Digital Systems, Analog Systems, Biopsy Systems, 3D Systems, Other Products
2) By Modality: Portable Mammography Systems, Non-Portable Mammography Systems
3) By Technology: Breast Tomosynthesis, CAD Mammography, Digital Mammography
4) By Application: Diagnostic Screening, Advance Imaging, Clinical Review
5) By End-User: Hospitals, Specialty Clinics, Diagnosis Centers, Other End-Users
Subsegments:
1) By Film Screen Systems: Standard Film Screen Systems, High-Resolution Film Screen Systems
2) By Digital Systems: Full-Field Digital Mammography (FFDM), Digital Breast Tomosynthesis (DBT)
3) By Analog Systems: Conventional Analog Mammography Systems
4) By Biopsy Systems: Stereotactic Biopsy Systems, Ultrasound-Guided Biopsy Systems, MRI-Guided Biopsy Systems
5) By 3D Systems: Tomosynthesis Systems
6) By Other Products: Accessories And Consumables, Software Solutions
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Who are the key players steering the development of the mammography market?
Major companies operating in the mammography market include Hologic Inc., Fujifilm Corporation, Siemens Healthcare AG, Canon Medical Systems Corporation, GE Healthcare Company, Metaltronica S.p.A, Koninklijke Philips N.V., Gamma Medica Inc., Konica Minolta Inc., Carestream Health, PLANMED OY, Villa Sistemi Medicali Spa., Toshiba Medical Systems Corporation, Allengers Medical Systems Ltd., Analogic Corporation, IMS Srl, BMI Biomedical International s.r.l., General Medical Merate S.p.A., Genoray Co. Ltd., Agfa-Gevaert N.V., Delphinus Medical Technologies Inc., Micrima Limited, CMR Naviscan Corporation, Dilon Technologies Inc., Koning Corporation, Medi-Future Co. Ltd., PerkinElmer Inc., QView Medical Inc., Radmirtech Co. Ltd., SOREDEX, Trivitron Healthcare Pvt. Ltd., Ziehm Imaging GmbH, Zonare Medical Systems Inc.
What emerging trends are influencing the growth of the mammography market?
Technological progression is a significant trend emerging in the mammography market. The major participants in this market are emphasizing on state-of-the-art technologies in order to bolster their market standing. As an example, GE HealthCare, a healthcare enterprise based in the US, debuted their advanced AI-empowered platform called the MyBreastAI Suite in November 2023. This platform is set to augment breast cancer detection and streamline radiology processes, and it comprises of three principal applications from iCAD, a pioneer in AI cancer detection. This marks a significant step forward in breast imaging technology. Aiming to boost clinical decision support, hone diagnostic precision, and simplify radiology operations, GE HealthCare is incorporating AI capabilities from iCAD. They are incorporating this technology to tackle issues such as increased imaging volumes and staff shortages, aimed towards enhancing patient results. With the global prevalence of breast cancer being the highest, such technological progressions are crucial for prompt detection and treatment.
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Which regions are most influential in expanding the mammography market?
North America was the largest region in the mammography market in 2024. The regions covered in the mammography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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