by Mammography is a medical imaging technique used in the diagnosis of diseases, early detection and screening of breast cancer in asymptomatic women. It involves low-dose x-ray of the breast and helps in detecting small abnormalities inconspicuous on physical examination. The rising awareness campaigns for breast cancer screening programs and emphasis on early detection have significantly driven the demand for mammography equipment across the globe.
The global Mammography Market is estimated to be valued at US$ 2360.16 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Propelled by increasing awareness regarding early detection of breast cancer, the demand for advanced mammography equipment integrated with advanced imaging technologies like 3D mammography, contrast-enhanced digital mammography and breast MRI have increased remarkably over the past few years. 3D mammography helps in improved visualization of breast tissues with high accuracy and offers more clarity than regular 2D mammograms through taking images from different angles which are then synthesized to produce a 3D image of the breast. This has enabled detection of cancers overlooked by conventional 2D mammograms leading to better patient outcomes. With growing awareness for breast cancer screening, demand for such advanced mammography equipment is anticipated to rise significantly over the coming years.
SWOT Analysis
Strength: Early detection of breast cancer allows for more effective treatment that increases the chances of survival and recovery. Mammography is the gold standard and most effective method for early breast cancer detection.
Weakness: Mammography requires specialized and expensive equipment that may not be accessible or affordable for all healthcare facilities and patients. The X-ray radiation exposure from mammograms, even at low doses, poses potential health risks that some patients want to avoid.
Opportunity: Expanding access to mammography screening in underserved regions and lower income populations through mobile mammography clinics and discounted/subsidized screening programs can help reduce the breast cancer mortality rate at a population level. New technologies are emerging like 3D digital mammography that provides more accurate diagnoses than traditional 2D mammography.
Threats: Alternative breast cancer screening methods like breast ultrasound and MRI are growing in popularity as patients seek options with less radiation exposure or that are more comfortable. Shortages of specialized radiologic technologists to operate mammography machines limits the ability to expand screening programs in some areas.
Key Takeaways
The Global Mammography Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising rates of breast cancer incidence worldwide and recommendations for screening starting at age 40. The global Mammography Market is estimated to be valued at US$ 2360.16 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030.
North America currently dominates the market due to favorable reimbursement policies for mammograms in the US and Canada as well as widespread awareness programs promoting early detection. Asia Pacific is anticipated to be the fastest growing region as countries like China, India and South Korea make significant investments in diagnostic imaging infrastructure and education around mammography benefits.
Key players operating in the mammography market are Hologic, Inc., Siemens Healthineers AG, GE Healthcare, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Canon Inc., PLANMED OY, Analogic Corporation, and Gamma Medica, Inc. Hologic is a market leader known for their Selenia and 3Dimensions mammography systems. Siemens and GE also have sizable market shares with their Mammomat and Senographe units. All major manufacturers are focused on developing newer 3D digital mammography machines with enhanced imaging capabilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
