Mammography Systems Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Market Overview 

Global mammography systems market was valued at US$ 2,739.9 million in 2022 and is projected to attain a value of US$ 5,122.4 million by 2031 at a CAGR of 7.5% during the forecast period.

Increasing incidences of breast cancer, favorable government initiatives, and technological advancements are some of the major factors driving the market. As the population of women over the age of 40 continues to grow, so does the demand for mammography systems. One of the main reasons for this growth is the increased awareness of the importance of early detection of breast cancer. In 2020, over 2.3 million women were diagnosed with breast cancer and over 685,000 died from the cancer in the same year. Moreover, 7.9 million women were living with breast cancer in 2021. 

Another reason for the growing demand for mammography systems market is the increasing population of baby boomer generation. As women age, they are more likely to develop breast cancer. In fact, according to the American Cancer Society, about 1 in 8 women in the US will develop breast cancer at some point in their lives. With more women than ever before needing mammograms, it's no wonder that the demand for mammography systems is on the rise.

With respect to product type, full field digital mammography systems held the largest market share in 2021 due to their high accuracy and early detection of breast cancer. Additionally, these systems offer several benefits such as low radiation dosage, lower probability of recall for additional testing, and improved workflow efficiency. North America dominated the global market in 2022 owing to rising awareness about early diagnosis and treatment of breast cancer, availability of reimbursement policies, and presence of key manufacturers in the region.

Market Dynamics 

Drivers

• Increased incidence of breast cancer: According to the World Health Organization, the incidence of breast cancer is increasing globally, with over 2.3 million new cases diagnosed in 2020 alone. This increase in incidence is fueling demand for mammography systems, as women seek out early detection and treatment options.
• Improved screening program: In many countries, screening program for breast cancer have been improved in recent years. This has led to an increase in the number of women getting screened for breast cancer, which in turn is driving up demand for mammography systems.
• Rising awareness of breast cancer: There has been a marked increase in public awareness of breast cancer in recent years across the global mammography systems market. This is due to a number of factors, including the increasing media coverage of the disease and the work of charities and advocacy groups. This heightened awareness is leading more women to get checked for breast cancer, resulting in increased demand for mammography systems.
• Better technology: Mammography technology has come a long way in recent years, with newer machines offering superior image quality and lower doses of radiation. This has made mammography an increasingly attractive option for women looking to get checked for breast cancer, driving up demand for these systems.

Restraints

• Lack of awareness: Lack of awareness about mammography systems and their benefits is one of the major factors hampering demand for these systems. There is a lack of understanding about how these systems work and what benefits they can offer, which is preventing women from getting mammograms.
• Cost: Cost is another significant factor that is deterring women from getting mammograms in the mammography systems market. Mammography systems are expensive, and many women cannot afford the cost of the procedure. In addition, insurance coverage for mammograms is often insufficient, which makes it even more difficult for women to pay for the procedure.
• Fear: Fear is another common barrier to mammography. Some women are afraid of the pain associated with the procedure, while others are worried about the results. These fears can prevent women from getting the lifesaving screening they needed.

Trends 

1. Digital breast tomosynthesis (DBT): This technology creates a 3D image of the breast, making it easier to detect small tumors.
2. Automated breast ultrasound (ABUS): This system uses ultrasound waves to create images of the breast tissue. It’s especially useful for women with dense breast tissue.
3. Contrast-enhanced mammography (CEM): This technique uses contrast agents to improve the visibility of lesions on mammograms.
4. Molecular breast imaging (MBI): This technology detects changes in blood flow and cell activity that may indicate the presence of cancerous cells.
5. Breast MRI: This imaging modality is often used in conjunction with other technologies, such as DBT or CEM, to get a more complete picture of the breasts.

Segmental Analysis 

By Product Type 

Based on product type, the analog mammography systems held the highest share in the mammography systems market in 2021 as it uses low dose radiation that produces X-rays to detect tissue changes. Furthermore, the cost of analog systems is low as compared to digital mammography systems. 

However, the digital segment is projected to grow at the highest CAGR during the forecast period. 

By Modality 

Portable mammography systems are designed to be used in a variety of settings, including primary care offices, clinics, and hospitals. They offer the convenience of on-site breast cancer screening for patients who may not have easy access to a traditional mammography system. According to a new report from Astute Analytica, portable mammography systems generated the highest revenue of any type of mammography system in the global mammography systems market. This is due in part to the increasing demand for breast cancer screening services in developing countries. Portable mammography systems are also becoming more popular in developed countries as patients and providers alike seek out more convenient and affordable care options. 

By End User 

Based on end user, the in-patients segment holds the highest share in the mammography systems market and is also growing at 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.

Regional Analysis 

North America is currently generating largest revenue in the global mammography systems market in 2021. According to American Cancer Society, breast cancer is the most common cancer among women in the US and accounts for 30% (or 1 in 3) of all new female cancers each year. 

This growth can be attributed to a number of factors, including the increasing incidence of breast cancer, the growing awareness of early detection, and the availability of reimbursement. As the largest market for mammography systems, North America provides a wealth of opportunity for manufacturers. However, it is also a highly competitive landscape. To be successful in this market, manufacturers need to offer products that meet the needs of both patients and providers. 

Patients in North America mammography systems market are looking for mammography systems that are reliable, easy to use, and offer a high degree of comfort. They also want systems that provide high-quality images and are able to detect even the smallest lesions. Providers, on the other hand, are looking for systems that are efficient and offer a low rate of false positives. To succeed in the North American market, manufacturers need to offer products that meet the needs of both patients and providers. Those that are able to do so will be well-positioned to take advantage of the region's growth potential.

On other hand, Asia Pacific is projected to continue growing at 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. 

List of Key Companies Profiled:

• Allengers Medical Systems Limited
• Fujifilm Holding Corporation
• General Electric Company
• Hologic Incorporated
• Konica Milota Incorporated
• Koninklijke Philips N.V. (Philips Healthcare)
• Metaltronica SPA
• Planmeca OY
• Siemens Aktiengesellschaft
• Toshiba Corporation
• Other Prominent Players

Segmentation Overview

(Note*: We also provide granular level reports, made to sub-segment level or only for niche segments. Contact us, if you require more details.)

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

By Product Type:

• Analog Mammography Systems
• Digital Mammography Systems

By Modality: 

• Portable Mammography Systems
• Non-Portable Mammography Systems

By End User: 

• Impatient Settings
• Ambulatory Surgical Centers

By Region: 

• 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