Mammography Systems Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

According to WHO, in 2020, there were 2.3 million women diagnosed with breast cancer and 685,000 deaths globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer. Global Mammography Systems Market is projected to make a forward leap in its revenue from US$ 2,548.8 Mn in 2021 to US$ 4,765 Mn by 2030. The market is registering a CAGR of 7.5% during the forecast period. A mammogram is a low-dose x-ray that allows doctors called radiologists to look for changes in breast tissue. Mammograms can be used to look for breast cancer, either as a screening test in women without symptoms or in women who have symptoms that might be from cancer. A mammogram can often find or detect breast cancer early, when it’s small and even before a lump can be felt. This is when it’s likely to be easiest to treat.

The market is majorly driven by factors such as the growing prevalence of breast cancer and technological advancements in the field of breast imaging. The Centers for Disease Control and Prevention (CDC) reports breast cancer to be one of the most common cancer among women, irrespective of race or ethnicity. There are more lost disability-adjusted life years (DALYs) by women to breast cancer globally than any other type of cancer.  Breast cancer occurs in every country of the world in women at any age after puberty but with increasing rates in later life. Further, the technological advancement in the breast imaging is fueling the market growth. Film mammography has mostly replaced digital mammography, which is more accurate for younger women and for those with dense breast tissue. These advances have increased the reliability of mammography screening procedures, owing to the reduction in false positive results and increased accuracy. Moreover, many institutes and associations are supporting the research and development of breast cancer therapies. For instance, NCI (National Cancer Institute) is supporting the development of several new technologies to detect breast tumors, from research labs to clinical trials. Efforts to improve conventional mammography include digital mammography, magnetic resonance imaging (MRI), positron emission tomography (PET) scanning, and others. However, the high cost and risk of adverse effects from radiation exposure is hindering the market growth. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes Global Mammography Systems Market for the study period of 2017-2030; where historical years are 2017-2020, base year is 2021 and forecast period is 2022-2030.
• The research report offers detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of 14 chapters distributed across 180 pages with 29 lists of tables and 89 lists of figures.
• The market is segmented based on product type, modality, end user, and region.
• The market estimates are presented in terms of value (US$ Mn).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models.
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, mammography system manufacturers, distributors, and end-users.
• The competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.

Key Takeaways from the Global Mammography Systems Market Report:

• Based on product type, the analog mammography systems record the highest share in the mammography systems market in 2021. Analog mammography system uses low dose radiation that produces X-rays to detect tissue changes. It captures the X-ray beams on film cassettes, and the outcome is the film showing the breast from different angles, that can be examined on film or translated by a CR toa digital image. Further, the cost of analog systems is low as compared to digital mammography systems. However, the digital segment is projected to hold the highest CAGR during the forecast period.
• In terms of modality, the portable mammography systems segment holds the highest market share in 2021 and further registers the highest CAGR during the forecast period. The growth is because it can be disassembled in minutes to fit inside a car. In addition, the low cost and light weight of these machines is also fueling the market growth. Moreover, portable mammography systems can be used in rural areas and communities that do not have on-site imaging centers.
• Based on end user, the in-patients segment holds the highest share in the mammography systems market in 2021 and further registers the highest CAGR over the forecast period. Since the diagnosis of breast cancer and the following procedure are very critical, time consuming and requires proper medical set up, it cannot efficiently be done in ambulatory surgical centers. Hence, the demand for such centers as end users is very low as compared to full-fledged and well-equipped in-patient settings.
• North America is the highest shareholder region in the Global Mammography Systems Market in 2021. According to American Cancer Society, breast cancer is the most common cancer in women in the United States. It is about 30% (or 1 in 3) of all new female cancers each year. Further, the presence of advanced cancer detection technologies in North America is also triggering the market growth. However, Asia Pacific accounts the highest CAGR over the projection period. This is due to the high incidence, mortality, and 5-year prevalence of breast cancer among population of Asian countries.

Competitive Dashboard

The key players in the global mammography systems market are Fujifilm Holding Corporation, General Electric Company, Siemens Aktiengesellschaft, Toshiba Corporation, and Koninklijke Philips N.V. among others.

Segmentation Overview

The following are the various segments of the Global Mammography Systems Market:

By Product Type segment of the Global Mammography Systems Market is sub-segmented into: 

• Analog Mammography Systems
• Digital Mammography Systems

By Modality segment of the Global Mammography Systems Market is sub-segmented into: 

• Portable Mammography Systems
• Non-Portable Mammography Systems

By End User segment of the Global Mammography Systems Market is sub-segmented into: 

• Impatient Settings
• Ambulatory Surgical Centres

By Region segment of the Global Mammography Systems Market is sub-segmented into: 

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America