Mammography Market Size to Hit US$ 13.8 Bn by 2030

The global Mammography market was estimated at US$ 11.43 billion in 2020 and is expected to hit around US$ 13.8 billion by 2030, growing at a CAGR of 21.5% from 2021 to 2030.

Growth Factors

The market growth can be attributed to the rising initiatives by various governments and NGOs to raise awareness about early diagnosis of microcalcifications in breast tissue. Some significant organizations such as the National Breast Cancer Foundation, CDC, and Breast Cancer Organization are promoting the early diagnosis of mammary gland calcification, which is one of the crucial factors expected to drive the demand over the forecast period.

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Based on a report published by the National Cancer Institute in 2020, it was stated that the proportion of women aged 45 to 65 years had increased to 81.1% in breast cancer screening. Major mammography manufacturers are introducing new products and increasing the number of approved products, which is further expected to impel the demand in the coming years.

Report Highlights

Digital systems segment held the 62.1% of the revenue share in 2020. The growing demand for technologically advanced breast cancer screening and diagnostic equipment is one of the crucial factors expected to drive the market in the coming years. The presence of favorable reimbursement policies and growing government support in improving screening results are some of the key attributes that account for the largest revenue share of the global mammography market.

However, 3D mammography system market is the fastest growing product segment with a CAGR of 13.1% during 2016 to 2025. The presence of the Modernization Act, 2020, is one of the pivotal factors up surging the demand for 3D systems in the coming years. The rising demand for highly specific screening equipment to reduce call-back visits, false alarm, and missed cancer diagnosis is also one of the main factors contributing to the up surging demand.

Digital mammography technology held approximately 69.3% share in 2020. Rapidly changing technology is one of the key factors enhancing the adoption and utilization of digital mammography devices. The technological advancements in hybrid imaging with mammography, such as CAD with mammography & X-ray imaging with mammography and growing product approval in this segment are some of the attributes that account for the largest market size.

However, breast tomosynthesis is yet to exhibit growth with an approximate CAGR of 13.4% in the coming few years. In the recent years, breast tomosynthesis has become the biggest technological development in mammography.

This technology was first launched in Europe in 2008 by Hologic, Inc. The product was approved for sales in 2011 in the U.S. market. The growing demand for technologically advanced techniques with improved cancer detection and diagnostic sensitivity is one of the key attributes representing the potential market growth over the forecast period.

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North America held the majority of the share of about 42.8% in 2020. The region suffers from a burden of rising breast cancer cases and increasing women population of above 40 years.

North America has sophisticated healthcare facilities, and the reimbursement coverage contributes to the large share of the region. Moreover, increasing number of mammography units in the hospitals & diagnostic centers and number of units per million women population in the U.S. is also expected to drive the market.

Asia Pacific is projected to be the fastest growing market with a CAGR of 13.5% during the forecast period. The emerging economies, such as India and China, in the region are lucrative markets due to the dynamic change in the lifestyle of the urban part of the countries, which is leading to high prevalence of breast cancer. The local presence of significant players such as Hologic, Fujifilm, Philips Healthcare is one of the crucial factors further expected to boost the market in the coming years.

Key Players

Fujifilm; Hologic; Phillips Healthcare; Siemens Healthcare; Toshiba Medical Systems, Metaltronica; GE Healthcare; and I.M.S. Srl. Hologic

Market Segmentation

• Product Outlook
  • Film Screen Systems
  • Digital Systems
  • Analog Systems
  • Biopsy Systems
  • 3D Systems
• Technology Outlook
  • Breast Tomosynthesis
  • CAD
  • Digital
• Regional Outlook
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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