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 2023-2031.

The increasing prevalence of breast cancer, favorable government initiatives, and technological advancements are the primary factors driving the growth of the mammography systems market. The population of women over the age of 40 continues to grow, leading to a higher demand for mammography systems. Early detection of breast cancer is essential, and increased awareness of its importance has contributed to the growing demand for mammography systems.

Breast cancer is a significant health concern, with over 2.3 million women diagnosed and over 685,000 women dying from the disease in 2020. In 2021, 7.9 million women were living with breast cancer. As women age, they are more likely to develop breast cancer, with about 1 in 8 women in the US developing the disease at some point in their lives. This demographic trend is contributing to the increasing demand for mammography systems.

Full field digital mammography systems are the most widely used product type in the mammography systems market due to their high accuracy in early detection of breast cancer. These systems have several advantages, such as low radiation dosage, lower probability of recall for additional testing, and improved workflow efficiency.

North America is the dominant market for mammography systems, with rising awareness about early diagnosis and treatment of breast cancer, availability of reimbursement policies, and the presence of key manufacturers in the region.

Market Dynamics 

Drivers

Increased Incidence of Breast Cancer: 

Breast cancer is a significant public health concern, and its incidence is increasing globally. According to the World Health Organization, there were over 2.3 million new cases of breast cancer diagnosed in 2020, and the disease remains the most common cancer among women worldwide.

Breast cancer prevalence is also on the rise, with approximately 7.9 million women living with the disease in 2021. Age is a significant risk factor for breast cancer, and women over the age of 40 are at a higher risk of developing the disease. In fact, according to the American Cancer Society, approximately 1 in 8 women in the United States will develop breast cancer at some point in their lives.

Breast cancer mortality rates are also a concern, with over 685,000 women dying from the disease in 2020. Early detection is critical in improving breast cancer outcomes, which is why mammography systems are essential tools in the fight against this disease.

The increasing incidence of breast cancer is fueling demand for mammography systems, as women seek out early detection and treatment options. Improved screening programs for breast cancer, such as regular mammograms, are critical in detecting breast cancer at an early stage when treatment is most effective. This trend is driving the growth of the mammography systems market, as healthcare providers strive to meet the rising need for breast cancer screening services.

Furthermore, technological advancements in mammography systems, such as full field digital mammography systems, are contributing to the growth of the market. These systems offer high accuracy and early detection of breast cancer, along with several benefits such as lower radiation dosage, reduced recall rates, and improved workflow efficiency.

Improved screening program

Improved screening programs for breast cancer are critical in detecting the disease early when it is most treatable. Regular mammograms are one of the most effective screening tools for breast cancer, and their use has increased in recent years. According to the American Cancer Society, the percentage of women aged 45-54 who reported having a mammogram within the past year increased from 53.3% in 2000 to 64.4% in 2018.

Advancements in technology, such as full field digital mammography systems, have significantly improved the accuracy of breast cancer detection. In fact, studies have shown that full field digital mammography systems have a higher detection rate and lower false-positive rates compared to traditional film mammography.

Moreover, digital mammography systems have also led to the development of advanced screening technologies, such as 3D mammography or tomosynthesis, which provides more detailed images of breast tissue and can detect smaller breast cancers. Tomosynthesis has been shown to increase breast cancer detection rates by up to 40%, leading to earlier diagnosis and better outcomes.

The increased accuracy and success rate of digital mammography systems and advanced screening technologies are driving demand for mammography systems in the market. Healthcare providers are adopting these technologies to meet the growing demand for breast cancer screening services and improve patient outcomes.

In addition to improved technology, government initiatives and policies are also driving the growth of the mammography systems market. Many countries have implemented breast cancer screening programs and policies that provide funding for mammography screening services. For instance, the Affordable Care Act in the United States mandates coverage of mammograms for women over 40 years old, contributing to the growth of the mammography systems market.

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 

• Digital breast tomosynthesis (DBT): This technology creates a 3D image of the breast, making it easier to detect small tumors.
• 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.
• Contrast-enhanced mammography (CEM): This technique uses contrast agents to improve the visibility of lesions on mammograms.
• Molecular breast imaging (MBI): This technology detects changes in blood flow and cell activity that may indicate the presence of cancerous cells.
• 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 

Product type is a significant factor in the mammography systems market, with both analog and digital systems playing important roles. Analog mammography systems held the highest share in the mammography systems market in 2021 due to their low cost and effective use of low dose radiation to produce X-rays for the detection of tissue changes. However, the increasing demand for high accuracy and early detection of breast cancer is driving the growth of the digital segment.

Digital mammography systems offer several benefits over analog systems, including improved accuracy, lower recall rates, and higher image quality. Digital systems also enable the development of advanced screening technologies, such as tomosynthesis or 3D mammography, which provide more detailed images of breast tissue and can detect smaller breast cancers.

As a result, the digital segment is projected to grow at the highest compound annual growth rate (CAGR) during the forecast period. This growth is driven by the increasing adoption of digital mammography systems by healthcare providers, as they strive to meet the rising demand for high-quality breast cancer screening services. 

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