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What Is the Forecast for the Mammography Market from 2024 to 2025?

The size of the mammography market has seen a swift expansion in the last few years. The market, which is projected to climb from a size of $2.63 billion in 2024 to a staggering $2.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.2%. This growth trajectory in the historical period is traceable to factors such as a rise in breast cancer cases, enhanced awareness and screening procedures, intervention and financing from the government, support and advocacy groups, as well as bettered reimbursement policies.

What Is the Projected Market Size of the Mammography Market?

The mammography market is set to witness swift expansion in the approaching years, with the size estimated to reach “$4.24 billion in 2029, indicating a compound annual growth rate (CAGR) of 10.0%. This predicted growth during the estimated period can be credited to factors such as the adoption of personalized medicine strategies, wider implementation of breast cancer screening programs, growth in research collaborations, utilization of telemedicine and remote screenings, and a stronger emphasis on patient-centered care. Major forecasted trends encompass the predominance of digital mammography, the surge in 3d mammography (tomosynthesis), the incorporation of artificial intelligence, amplified focus on personalized screenings, broadened usage beyond cancer screenings, and advancements in technologies related to breast imaging.

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Who are the Major Competitors in the Mammography Market Outlook?

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 Is Fueling Growth in the Mammography Market?

The escalation in breast cancer occurrences is likely to fuel the mammography market’s growth. Breast cancer is characterized by the uncontrolled growth of cells in the breast. The global rise in breast cancer prevalence has made mammography a significantly influential and extensively utilized tool for its early detection and diagnosis. For example, in 2023, Breastcancer.org, a non-profit organization based in the U.S., forecasts an estimated 297,790 new invasive breast cancer cases among U.S. women, alongside 55,720 new DCIS cases. Additionally, in January 2023, the American Cancer Society, a voluntary organization in the U.S., reported that 287,850 new invasive breast cancer instances were recorded in the U.S. women in 2022, along with 51,400 new cases of non-invasive (in situ) breast cancer. Hence, the increasing incidence of breast cancer is spurring the growth of the mammography market.

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Which Mammography Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Mammography Market?

Emerging advancements in technology are a prominent trend in the mammography market. Major companies within this sector are leveraging the newest technologies to solidify their standing within the market. A case in point is when GE HealthCare, a healthcare organization from the U.S. launched their MyBreastAI Suite in November 2023. This sophisticated AI-driven platform was developed to enhance breast cancer detection and refine radiology workflows. The suite harnesses the power of three crucial applications from iCAD, which is noted for its leadership in AI-based cancer detection, delivering a significant upgrade for breast imaging technology. GE HealthCare’s use of iCAD’s AI features focuses on superior clinical decision assistance, improved diagnostic accuracy, and efficient radiology workflows. This pioneering solution addresses hurdles such as escalating imaging quantities and gaps in the workforce and leads to improved patient outcomes. Given that breast cancer is the most commonly diagnosed type of cancer worldwide, these technological progresses are crucial for early detection and care.

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Which Countries Are Leading 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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This Report Delivers Insight On:

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

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

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

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

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

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