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

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.