USD 2 million
Mammography Market Size, Share, Growth Analysis, By Product(film screen systems, digital systems, analogue systems and 3-D systems), By end use(hospitals, speciality clinics, diagnostic centres and others), By technology(breast tomosynthesis, CAD mammography, and digital mammography), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2133 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
90
|Figures:
76
Mammography Market Insights
Mammography Market size was valued at USD 2 million in 2019 and is poised to grow from USD 2.2 million in 2023 to USD 4.63 million by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).
Increasing incidence of breast cancer, increasing demand for early detection among patients are some of the major factors expected to drive the demand for breast cancer screening devices during the market forecast. Demand for breast cancer and research work is increasing for the same reason. Furthermore, as the world population increases, a large proportion of women may be 60 years of age or older. Women over the age of 60 account for about 78% of all deaths from breast cancer.
This age group has high breast cancer incidence and mortality rates, suggesting a large unmet need for breast cancer diagnosis. As incidence and mortality rates increase, the need for breast screening is likely to increase. Thus, the increasing number of senior citizens is expected to propel the market growth during the forecast period. The introduction of new products is expected to increase the number of end users. Previous generation mammography provided unambiguous breast imaging, which improved interpretation. 2D mammography systems for Craniocaudal (CC) and Mediolateral-Oblique (MLO) images. The flatness of these images makes it difficult for physicians to interpret the images and diagnose tumors due to overlying vessels and calcifications, which mask cancerous lesions.
US Mammography Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Digital Systems
Fastest Growth
Digital Systems
Growth Rate
10.1% CAGR
Global Mammography Market ($ Bn)
Country Share for North America Region (%)
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Mammography Market Segmental Analysis
The global mammography market is segmented on the basis of product, technology, end-use and region. On the basis of product, the market is divided into film screen systems, digital systems, analogue systems and 3-D systems. On the basis of end use the market is divided into hospitals, speciality clinics, diagnostic centers and others. On the basis of technology, It is segmented into breast tomosynthesis, CAD mammography, and digital mammography and on the basis of region, it is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Mammography Market Analysis by Product
The digital systems segment dominated the market with a revenue share of over 60.19% in 2023 and is expected to witness significant growth during the forecast period. Several organizations have developed complex products address these diseases because patients with breast cancer have a higher risk related to infection. According to a study published in September 2020 in the journal Medicina Clinica by Dafina Petrova et al., the European Society of Medical Oncology (ESMO), the Spanish Society of Radiation Oncology (SEOR), and the Spanish Society the Center for Medical Oncology (SEOM). Increased guidance may allow for more efficient surgery, which will benefit treatments. Such events are expected to contribute to the growth of the market. Some guidelines have been published on what needs to be changed.
The 3D systems segment is expected to be the fastest growing segment with a CAGR from 2024 to 2031 owing to various advantages of these systems, such as the ability to handle high treatment volumes, breast cancer higher detection rates, and higher reimbursement. Hospitals & diagnostic clinics are turning to 3D systems because 2D systems are rarely effective at detecting any signs of cancer, making it necessary that additional research is done, which in turn increases the overall cost of research. Additionally, outsourcing contracts for 3D mammography systems are on the rise. Housing agreements allow end users to pay a fixed fee for each 3D mammogram performed using manufacturer-provided 3D mammography technology.
Mammography Market Analysis by Technology
The largest revenue share of digital mammography technology segment is more than 66.27% in 2023 due to the various benefits of this technology. Digital mammography is a unique and sophisticated form of mammography that uses digital sensors and computers instead of X-ray film to examine breast tissue for cancer. In most countries, traditional screen film mammography is preferred (SFM) with high spatial resolution for analytical systems. But with the introduction of digital mammography, an increasing number of states are switching to this new system, mainly due to the less contradictory factors being better depicted when assessing breast density, a broader dynamic change, and for the illustrations.
The breast tomosynthesis technology segment is expected to witness the fastest CAGR from 2024 to 2031. This new technique helps in early detection of breast cancer. Digital breast tomosynthesis is very useful in complex breast examinations and can increase the ability to detect breast cancer. Reduces false-positive readings (abnormal normal tissue readings) and the need for physical examination. It is especially good for complex breast exams. Breast tomosynthesis technology, also known as 3D mammography, plays an important role in shaping the mammography market outlook. The technology has proven to be a game-changer due to its ability to improve early detection of breast cancer, reduce false positives and increase screening accuracy compared to traditional 2D mammography. Breast tomosynthesis addresses one of the major challenges of conventional breast biopsy—tissue overlap.
Global Mammography Market By Product (%)
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Mammography Market Regional Insights
The mammography market in North America accounted for the largest global revenue share of 35.80% in 2023. The rising incidence of breast cancer in this region is one of the major factors driving the market growth but 56,500 breast cancers have been diagnosed there in women, and the number of breast cancer cases is predicted to rise in the coming years. Owing to the high prevalence of breast cancer and major market players in the country, North America accounted for the largest share in the market growth in the regional market in 2023. These factors are expected to drive the demand for breast screening devices and thus support the market growth.
The mammography market is expected to grow significantly in Asia-Pacific owing to increasing incidence of breast cancer, huge R&D investments in breast cancer treatment and development of breast imaging techniques. According to the Center for Disease Control and Prevention CDC) indicates. According to ASIR 2020, the age incidence of breast cancer in Asia is 36.8 per 100,000 population. Thus, high prevalence of breast cancer and expanding healthcare facilities in the region are likely to drive the overall market growth. The growth of the market is driven by increasing aging population and increasing breast cancer burden are anticipated factors it will increase the demand for mammography in China in the coming years.
Global Mammography Market By Geography
- Largest
- Fastest
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Mammography Market Dynamics
Mammography Market Drivers
Increasing Incidence of Breast Cancer
- One of the major drivers of the mammography market is the increasing incidence of breast cancer across the globe. As breast cancer is one of the most common cancers among women, early detection and prevention are of utmost importance and as a result, screening programs are being enacted by healthcare organizations and governments encourage breast screening, especially in developed countries. This improved awareness of early detection has brought about a massive demand for superior breast screening structures, using the marketplace ahead.
Technological Advances in Mammography Systems
- Another essential issue is the speedy technological development in breast screening systems. The transition from conventional analog mammography to virtual mammography and new improvements which includes 3D mammography (tomosynthesis) advanced the accuracy and performance of breast most cancers detection. These advances reduced fake positives and negatives and made mammography a greater dependable screening tool for breast most cancers. These technological advancements, coupled with increasing investments in healthcare, keep to gas increase within the mammography market increase.
Restraints
High Cost of Advanced Breast Screening Equipment
- Especially the digital breast imaging and 3D breast imaging equipment that requires capital is invested to make it affordable for smaller healthcare organizations. Failure to overcome this cost barrier, especially in developing countries, prevents widespread adoption, closing the growth of the market with limited possibilities in some areas. Despite the advances in breast screening technology, one of the major limitations in the market is the high cost associated with the purchasing and maintaining these advanced systems.
Concerns About Radiation
- Radiation anxiety associated with mammography tactics also acts as a deterrent. Although cutting-edge mammograms have drastically reduced the use of radiation, sufferers and healthcare professionals nonetheless fear this. The potential long-time period dangers of repeat mammograms can also cause reluctance to undergo recurring breast screening, stopping widespread use of mammography generation.
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Mammography Market Competitive Landscape
The mammography market is characterized by intense competition between global and regional players, each vying to grow its product offerings and strengthen its market presence. Competition with technology into continuous growth, strategic business, mergers and acquisitions, and focus on expanding penetration into the underserved regions. The market is organized and segmented into manufacturers of digital mammography systems, 3D mammography (tomosynthesis) devices, and artificial intelligence-assisted mammography solutions. The company has a strong presence in North America and Europe and has continued to invest in research and development (R&D) to remain at the forefront of innovation.
Mammography Market Top Player's Company Profiles
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GE Healthcare
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Koninklijke Philips N.V.
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Metaltronica S.p.A.
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Planmed Oy
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Carestream Health, Inc.
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BMI Biomedical International S.r.l.
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Allengers Medical Systems Ltd.
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General Medical Italia S.p.A.
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Amico JSC
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Delphinus Medical Technologies, Inc.
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Aurora Imaging Technology, Inc.
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CMR Naviscan Corporation
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Micrima Limited
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iCAD Inc.
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KUB Technologies Inc.
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Solis Mammography
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Siemens AG
Mammography Market Recent Developments
- In September 2023, Siemens Healthiners introduced the Mammomat B. brilliant1 with wide-angle tomosynthesis.
- In November 2023, GE Healthcare launched the MyBreastAI Suite, aimed at improving breast cancer detection in mammography screening and streamlining radiology workflows through artificial intelligence (AI) devices.
- In December 2023, RadNet, Inc. reported 0.02% of its portfolio introduced Mammogram now, a first-of-its-kind breast screening service set to launch at the Walmart Supercenter in Milford, Delaware.
Mammography Key Market Trends
- Switch to Artificial Intelligence (AI)-Assisted Mammography: AI tools are increasingly being followed in breast screening to help radiologists identify diffused abnormalities that can be overlooked all through the manual evaluation. A key fashion inside the mammography marketplace is the integration of artificial intelligence (AI) into breast screening structures. AI-assisted mammography can fast and accurately examine mammogram pix, improving the early detection and lowering the human errors.
- Expansion of Mobile Mammography Units: The expansion of the mobile mammography units is another growing trend in the market. These groups are equipped with, and offer, modern mammograms breast cancer screening programs are portable. This trend contributes to increased acceptance of breast screening, especially in areas with limited access to health care. Companies offering on-site mammograms are becoming increasingly popular in rural, underserved areas with limited access to health facilities.
Mammography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the mammography industry is experiencing tremendous growth driven by factors such as increasing incidence of breast cancer and technological advancements in breast imaging systems, but the market faces restriction due to high cost of advanced equipment and radiation because of the anxiety. Overall, these developments indicate a promising future for the mammography market trend, where innovation and strategic development will play an important role in its development. Mammography market is an important segment in the broader diagnostic imaging industry focused on early detection and diagnosis of breast cancer. It has grown exponentially due to increasing awareness of breast cancer, advances in imaging technology, due to the increasing prevalence of this disease worldwide. The increasing incidence of breast cancer has increased the demand for breast cancer screening. Early detection is essential to improve survival, making breast screening an important tool in health care systems worldwide. The transition from traditional film-based mammography to digital mammography and 3D tomosynthesis has transformed the mammography market size. These advanced technologies provide excellent image clarity, diagnostic accuracy and radiation delivery lower, encouraging greater use.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 2 million |
| Market size value in 2031 | USD 4.63 million |
| Growth Rate | 10.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mammography Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mammography Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mammography Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mammography Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mammography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mammography Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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