Mammography Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s mammography market report forecasts the mammography market size to grow to $3.43 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Mammography Market Size Forecast
The global mammography market is expected to grow from $2.1 billion in 2022 to $2.36 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mammography market size is expected to reach $3.43 billion in 2027 at a CAGR of 9.8%.
North America held the largest mammography market share.
Key Mammography Market Driver – Increase In The Incidence Of Breast Cancer
According to the World Health Organisation, a Switzerland-based United Nations specialised organisation in charge of global public health, 2.3 million women were diagnosed with breast cancer in 2020, with 685,000 fatalities globally. 7.8 million instances had been diagnosed in the previous five years by the end of 2020. According to the American Cancer Society, a US-based Voluntary organisation, 287,850 new cases of invasive breast cancer were discovered in women in the United States in 2022, with 51,400 new cases of non-invasive (in situ) breast cancer. As a result, the rising incidence of breast cancer is propelling the mammography industry.
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Key Mammography Market Trend – Technological Advancement
To increase their market share, major players in the mammography market are focusing on developing cutting-edge technology. For example, FUJIFILM Medical Systems U.S.A. Inc., a US-based maker of enterprise and diagnostic medical imaging systems, teamed with ScreenPoint Medical BV to introduce Transpara, which is driven by ScreenPoint Medical BV’s Fusion AI technology, in August 2021. Transpara is a breast imaging programme that analyses mammography pictures and provides clinical decision support to radiologists using artificial intelligence (AI) and deep learning algorithms. Transpara software is intended to assist radiologists in detecting and diagnosing breast cancer at an earlier stage, with more accuracy and efficiency. It can analyse digital mammography images and deliver an AI-based risk assessment for breast cancer, identifying worrisome areas for further examination. ScreenPoint Medical BV is a firm established in the United States that develops and promotes AI apps and image analysis services for early breast cancer detection.
Mammography Market Segment
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
Mammography Market Major Players and Strategies
Major players in the mammography market are Hologic Inc., Fujifilm Corporation, Siemens Healthcare GmbH, Canon Medical Systems Corporation, GE HealthCare, 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, and Analogic Corporation.
Progressive Radiology was acquired for an unknown sum in January 2021 by Solis Mammography, a US-based firm specialising in mammography and imaging services. Solis Mammography expanded its outpatient imaging geographic presence in the DMV region with this acquisition. Progressive Radiology is a corporation established in the United States that provides outpatient diagnostic imaging services, including mammography.
The Mammography Global Market Report 2023 covers regional data on mammography market size, mammography market trends and drivers, opportunities, strategies, and mammography market competitor analysis. The countries covered in the mammography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Mammography is a diagnostic X-ray imaging technology used to examine breast tissue in order to detect malignancies, breast cancer, and other breast disorders early. It serves as both a screening and diagnostic tool.
View More Reports Related To The Mammography Market –
Breast Imaging Devices Global Market Report 2023
X-Ray Systems Devices And Equipment Global Market Report 2023
Mobile Imaging Services Global Market Report 2023
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