USD 2 million
Global Mammography Market Size, Share, Growth Analysis, By Product(film screen systems, digital systems), By end use(hospitals, speciality clinics), By technology(breast tomosynthesis, CAD mammography) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2133 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
Global 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).
Some of the main reasons projected to fuel demand for Mammography throughout the forecast period is the rising prevalence of breast cancer and the rising desire among patients for early-stage diagnosis. Some of the key elements anticipated to fuel the industry's growth include expanding government initiatives to promote clinical interpretation and increased access to breast cancer screening systems. For instance: To boost screening procedures in medically disadvantaged communities, the Health Resources & Services Administration (HRSA) launched a healthcare initiative. Breast Screen Australia is a joint effort by the federal, state, and territorial governments of Australia with the goal of lowering breast cancer-related morbidity and fatalities through early diagnosis. Every two years, women over 40 are entitled to a free mammogram, and those between the ages of 50 and 74 are strongly recommended to get screened.
The Goa government began offering free breast cancer screenings to 1 lakh women in October 2021. As part of this initiative, breast cancer screening will be done at 35 health centers throughout Goa. Thus, it is anticipated that these variables will have a favorable impact on the sector in the years to come. In addition, a significant share of women may live to be 60 or older due to the growing global population. About 78% of all breast cancer-related fatalities are women over the age of 60. The high incidence and mortality rate of breast cancer in this age group suggests that there is a sizable unmet need for breast cancer diagnostics. The necessity for mammography will probably increase as more incidents and fatalities occur. As a result, it is anticipated that the market would increase throughout the forecast period due to the growing elderly population. It is anticipated that the industry's release of new goods would increase end-user acceptance.
Earlier mammography equipment only produced 2D pictures of the breast, which had limitations on the quality of the interpretation. Craniocaudal (CC) and Mediolateral-Oblique (MLO) pictures are produced by 2D mammography systems. Due to tissue overlap and calcifications, which conceal malignant lesions, the flat appearance of these pictures makes it challenging for doctors to interpret images and diagnose tumors. A 3D picture of the breast may be obtained thanks to a new 3D-based technique called Digital Breast Tomosynthesis (DBT). Radiologists may now scan the breast slice by slice and spot anomalies that 2D pictures would have hidden.
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 (%)
Global Mammography Market By Product ($ Bn)
Global Mammography Market By Product (%)
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Global 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
With a revenue share of more than 60.75% in 2021, the industry's leading category, digital systems, is predicted to rise significantly over the next five years. Given that patients with breast cancer are more likely to get the virus, several organizations took urgent action to control these infections. The European Society for Medical Oncology (ESMO), the Spanish Society of Radiation Oncology (SEOR), and the Spanish Society of Medical Oncology (SEOM) have published some guidelines on how to modify treatment protocols to reduce risks in cancer patients, according to a study by Dafina Petrova et al. that was published in Medicina Clinica Journal in September 2020.
The improved recommendations may enable more effective surgical techniques, which would be advantageous to therapies. These occurrences are anticipated to aid in the market expansion for digital systems. Product introductions are another component of the segmental growth.
Therefore, digital mammography is replacing traditional methods as the preferred way of screening, despite the new technology's higher cost. Over the projected period, the 3D systems category is predicted to grow at the quickest rate. This is due to a number of benefits, since 2D systems are frequently inadequate in identifying every indication of cancer, increasing the need for further screenings, which in turn raises the entire cost of diagnostics. As a result, hospitals and diagnostic clinics are transitioning to 3D systems.
Additionally, technological advantages including improved breast cancer detection rates, the capacity to manage higher treatment volumes, and a more favorable reimbursement environment have contributed to the widespread use of 3D systems. Moreover, leasing contracts for 3D mammography systems are becoming increasingly common. End-users might pay a defined amount under rental contract arrangements for each 3D mammogram performed using free 3D mammography technology offered by manufacturers.
Mammography Market Analysis by End-use
With a revenue share of more than 45.00%, the hospitals segment topped the end-use category in 2021. A hospital's capacity to offer mammography services can have a favorable impact on a number of variables, including the length of hospital stays, overall healthcare costs, the standard of treatment, and the accessibility of emergency care. A 3D mammography system from Hologic, for instance, was deployed at Parkside Hospital in Wimbledon in September 2019 to allow for high-resolution breast tomosynthesis. Large hospitals often have on-site mammography facilities, but the need for significant upfront costs, ongoing maintenance, ample space, and qualified personnel might be an entrance hurdle.
This might make it difficult for hospitals to run their imaging centers. Hospitals can collaborate with diagnostic centers to provide medical imaging facilities in order to lessen this load and expand the reach of their facilities and services. Due to greater awareness of breast cancer, the diagnostic centers market is anticipated to rise significantly during the projected period. The demand for mammography techniques used for breast cancer detection, treatment planning, and prevention has increased as a result of this. The accessibility of advanced mammography services at diagnostic facilities in established and emerging nations, including the United States, Germany, the United Kingdom, Japan, China, and India, is anticipated to drive the segment's overall expansion.
Mammography Market Analysis by Technology
Due to its many benefits, the digital mammography technology category had the highest revenue share in 2021, accounting for more than 66.85% of total revenues. Instead of utilizing X-ray films to analyze breast tissue for the presence of malignancies, digital mammography is a specialized and advanced kind of mammography. The screening method of choice in the majority of nations has been traditional Screen-Film Mammography (SFM) with a high spatial resolution. A rising number of nations are switching to these newer methods, nevertheless, as a result of digital mammography's greater representation of low-contrast objects, wider dynamic change, and improved diagnostic quality of pictures, particularly when assessing dense breasts. In many countries, including the UK, mammography screening is now conducted using digital technology. Despite the fact that the technology is six times more expensive than conventional systems, digital mammography is being used as a screening approach. Radiation exposure is greatly decreased as compared to analog systems. Over the projection period, the breast tomosynthesis technology category is anticipated to see the quickest CAGR.
Global Mammography Market By Product, 2023 (%)
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Global Mammography Market Regional Insights
With a revenue share of over 36.4% in 2021, North America led the world market and is predicted to rise at a significant rate throughout the forecast period. One of the main variables influencing the local market is the increasing prevalence of breast cancer. The American Cancer Society estimates that in 2020, there will be around 276,480 new cases of invasive breast cancer in women. In addition, it has been determined that 48,530 women have in situ breast cancer, and it is anticipated that this figure will increase in the upcoming years. Additionally, a lot of businesses have started to launch efforts to support breast cancer screenings.
The American organization that provides free mammograms and breast cancer education to needy women is called the National Breast Cancer Foundation (NBCF). Additionally, one of the major drivers projected to propel market expansion throughout the forecast period is the existence of a highly developed healthcare infrastructure and rising healthcare spending. Over the projection period, Asia Pacific is predicted to experience the quickest CAGR.
The main factors driving the expansion of the Asia-Pacific market are the rising incidence of breast cancer, significant R&D expenditures on breast cancer treatments, and advancements in breast imaging modalities. According to the Centers for Disease Control and Prevention, regardless of race or ethnicity, breast cancer is the most common malignancy in most Asian nations (CDC). The age-standardized incidence rate of breast cancer in Asia is 34.4 per 100,000 individuals, according to GLOBOCAN 2018. Thus, the rising incidence of breast cancer and the developing healthcare system in the area are anticipated to support overall growth. It is projected that the presence of developing nations like China, Japan, and India would accelerate the region's growth. Additionally, major firms are always working to reach new areas.
Global Mammography Market By Region, 2024-2031
- Largest
- Fastest
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Global Mammography Market Dynamics
Mammography Market Drivers
Rise in Cancer Cases to Bolster Market Growth
- The market should improve due to the increase in elderly populations, proactive efforts by clinical consideration relationships to reveal problems with early signs of breast cancer growth, and an increase in the frequency of breast diseases. The demand for mammography equipment is also fueled by improved reimbursement policies, increased government funding for research into breast disease, and mechanical advancements like breast tomosynthesis, which makes it easier for women with dense breast tissue to recognize the development of breast cancer.
Mammography Market Restraints
Lack of Skilled Professionals to Hinder Market Growth
- The lack of subsidized equipment, cultural stigma, and health issues related to radiation exposure can all impede the growth of the mammography business as a whole. The development of the market is believed to be hindered by radiation openness risks and the age of fake good or bad results. Due to the lockdown measures in several countries and the delay in the assembly and production of a broad variety of X-beam imaging devices and mammography frameworks, The COVID 19 incident has also had an influence on the growth of the mammography frameworks sector.
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Global Mammography Market Competitive Landscape
As there are only a few significant companies in the mammography business, it is a consolidated market. The top market competitors are concentrating on advancing technology and minimizing the negative impacts of operations. To sustain their position in the marketplace, industry participants are actively involved in a number of strategic activities.
For instance, Hologic Inc., a developer, producer, and supplier of high-quality diagnostics and medical imaging devices, announced in December 2020 that the U.S. FDA had approved its Genius AI Detection technology, a new deep learning-based tool intended to help radiologists find subtle potential cancers in breast tomosynthesis images. As a result, the industry is anticipated to grow throughout the projected period thanks to the aforementioned methods.
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 May 2022, At the SBI/ACR Breast Imaging Symposium, Volpara Health unveiled upgraded solutions for its integrated platform for the provision of individualized breast care. The mammography quality and reporting, volumetric breast density measures, and cancer risk assessment are all provided by Volpara's AI-driven breast software solutions.
- In January 2022, With the introduction of Transpara, an AI Breast Care system, ScreenPoint Medical grew its footprint in the US and in 30 other countries across the world.
Global Mammography Key Market Trends
- Many organizations have taken concrete steps to treat these infections since people with breast cancer are more likely to get the infection. According to a study by Dafina Petrova et al., which appeared in the September 2020 issue of Medicina Clnica Journal, the Spanish Society of Medical Oncology (SEOM), the Spanish Society of Radiation Oncology (SEOR), and the European Society for Medical Oncology (ESMO) have released some guidelines on how to modify treatment regimens in order to reduce risks for cancer patients. The updated regulations would offer more effective ways to conduct operations, which would enhance the therapies. The market for digital mammography is anticipated to expand in response to situations like these. Due to the better representation of low-contrast objects, wider dynamic change, and enhanced diagnostic quality of pictures, particularly when analyzing thicker breasts, the use of digital mammography is changing in an increasing number of nations.
Global Mammography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global mammography market analysis, the rising prevalence of breast cancer and the rising awareness among patients for early-stage diagnosis will fuel the market growth. The market should improve due to the increase in elderly populations, proactive efforts by clinical consideration relationships to reveal problems with early signs of breast cancer growth, and an increase in the frequency of breast diseases. Despite the fact that the technology is six times more expensive than conventional systems, digital mammography is being used as a screening approach.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2 million |
| Market size value in 2031 | USD 4.63 million |
| Growth Rate | 10.1% |
| 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:-
|
| Historical Year | 2019 |
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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 Global 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 Global 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 Global 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 Global 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 Global Mammography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Mammography Market Report Snapshots
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