Mammography is a low-dose x-ray procedure used for breast cancer screening and diagnosis in asymptomatic women. Mammography technology involves projectional radiography of the breasts to detect unsuspected small breast cancers that may be present and to find cancers at an earlier stage when treatment is most effective. The most frequent screening interval is annually. Digital mammography uses x-ray computers and has largely replaced traditional film-screen mammography in North America and Europe. Digital mammography offers benefits like automated image processing, computer-aided detection (CAD), and better contrast resolution for improved diagnostic accuracy.
The global mammography market is estimated to be valued at US$ 2360.16 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Innovative Technologies: Technological advancements in mammography technologies are expected to drive the market growth over the forecast period. Ongoing R&D activities for development of 3D mammography, computer-aided diagnosis, breast tomosynthesis, and other innovative technologies are enabling more accurate breast cancer screening and diagnosis. 3D mammography, also known as breast tomosynthesis, uses multiple low-dose x-ray images captured from different angles of the breast to create 3D reconstructions of the internal structures. This technology provides improved detection of cancers that may be hidden in dense breast tissue.
Breast Cancer Screening Awareness: Rising breast cancer screening programs by governments and NGOs is creating awareness about early detection benefits, which is increasing the uptake of regular screening mammograms. According to the World Cancer Research Fund International, adequate breast cancer screening can reduce the number of deaths from breast cancer by about 25%. Improved screening is expected to augment the mammography market growth during the forecast period
Segment Analysis
The global mammography market is dominated by the digital mammography sub segment. Around 80% of the mammography installations worldwide are digital, which is seeing increased adoption compared to analogue mammography systems. Digital mammography provides improved image quality for cancer detection over traditional film mammography. It also offers benefits like electronic storage and remote image sharing capabilities.
PEST Analysis
Political: Governments across countries are working to increase awareness about breast cancer screening through various programs. Several nations have also introduced favorable reimbursement policies to boost mammography adoption rates.
Economic: Rising healthcare spending and growing per capita incomes in developing regions is positively impacting market growth. However, high capital costs of digital mammography systems can negatively impact sales in low income countries.
Social: Increasing incidence of breast cancer worldwide due to lifestyle changes and growing health consciousness among women are key social factors driving the demand for regular screening tests like mammography.
Technological: Continuous technological advancements are helping make digital mammography systems more affordable and user friendly. Newer systems offer enhanced image clarity, automated breast thickness measurements, and machine learning assisted disease detection capabilities.
Key Takeaways
The Global Mammography Market Growth is expected to witness high over the forecast period supported by increasing government initiatives for breast cancer screening.
Regional analysis: Asia Pacific is expected to witness fastest growth during the forecast period supported by increasing healthcare expenditures, growing awareness about breast cancer, and rising disposable incomes in the region. China dominates the Asia Pacific market and is expected to see strongest gains backed by government initiatives to expand screening programs.
Key players related content comprises: Key players operating in the mammography market are GTL, BI Incorporated, Corrisoft, SuperCom Ltd., Spillman Technologies, Tribridge, Appriss Inc., Northpointe Inc., Tyler Technologies Inc., Capita PLC, IBM Corporation, Encartele Inc., Telmate LLC, Keefe Group, and Securus Technologies Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it