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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.
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.
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.
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:
The following are the various segments of the Global Mammography Systems Market:
By Product Type:
By End User:
|Market Size Value in 2022||US$ 2,739.9 Million|
|Expected Revenue in 2031||US$ 5,122.4 Million|
|Unit||Value (USD Mn)|
|Segments covered||By Product Type, By Modality, By End-User, By Region|
|Key Companies||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|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
The Global Mammography Systems Market was valued at US$ 2,739.9 Mn in 2022.
According to the WHO, in 2020, there were 2.3 million women diagnosed with breast cancer and 685,000 deaths globally.
In a mammography procedure, the breast is compressed between adjustable “paddles” that move tissue to a more consistent thickness, and the film is taken.
Global Mammography Systems Market is projected to expand at a CAGR of 7.5% during the forecast period.
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 high cost and risk of adverse effects from radiation exposure is hindering the market growth.
Increasing initiatives to create awareness for breast cancer screening is providing a lucrative opportunity for market growth.
The various segmentations considered to analyze the Global Mammography Systems Market are based on product type, modality, end user, and region.
Analog mammography systems hold the highest market share in 2022.
In-patient mammography dominates the Global Mammography Systems Market in 2022.
North America dominates the Global Mammography Systems Market.
The key players in the global mammography systems market are Fujifilm Holding Corporation, General Electric Company, Siemens Aktiengesellschaft, and Koninklijke Philips N.V. among others.