July 27, 2024

Mammography Systems Market Size to Grow USD 6.22 Bn by 2033

The global mammography systems market size accounted for  USD 3.01 billion in 2023 and is projected to reach around USD 6.22 billion by 2033, growing at a CAGR of 7.53% from 2024 to 2033.

Key Points

  • North America dominated the global mammography systems market share of 37% in 2023.
  • Asia Pacific is expected to experience the fastest growth over the forecast period.
  • Based on the product, the full-field digital mammography systems segment held the largest share of the market.
  • Based on the product, the breast tomosynthesis systems segment is expected to show the fastest growth in the market.
  • Based on technology, the 3D mammography systems segment is projected to witness the fastest growth in the forecasted period.
  • Based on end-users, the ambulatory surgical centers segment is projected to uplift the market in the upcoming years.

Mammography Systems Market Size 2024 to 2033

The mammography systems market is a critical component of the healthcare industry, primarily focusing on the detection and diagnosis of breast cancer through imaging technology. Mammography systems play a vital role in early detection, which is crucial for improving patient outcomes and reducing mortality rates associated with breast cancer. These systems utilize various imaging techniques such as digital mammography, analog mammography, and breast tomosynthesis to capture high-resolution images of breast tissue, allowing healthcare professionals to identify abnormalities and potential tumors.

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Growth Factors:

Several factors contribute to the growth of the mammography systems market. Firstly, the rising prevalence of breast cancer globally is a significant driver. As breast cancer incidence rates continue to increase, the demand for advanced diagnostic tools like mammography systems grows proportionally. Additionally, technological advancements in imaging technology, such as digital mammography and 3D breast tomosynthesis, enhance the accuracy and efficiency of breast cancer detection, further fueling market growth. Moreover, increasing awareness about the importance of early detection through screening programs and initiatives by healthcare organizations and governments worldwide drive the adoption of mammography systems.

Region Insights:

The mammography systems market exhibits regional variations influenced by factors such as healthcare infrastructure, reimbursement policies, and awareness levels. In developed regions like North America and Europe, robust healthcare infrastructure, high awareness about breast cancer screening, and favorable reimbursement policies contribute to substantial market growth. Conversely, emerging economies in Asia-Pacific, Latin America, and Africa witness rapid market expansion driven by increasing healthcare expenditure, improving healthcare infrastructure, and growing awareness initiatives. However, challenges such as limited access to advanced healthcare facilities and low awareness levels in some regions hinder market growth to some extent.

Mammography Systems Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 7.53%
Global Market Size in 2023 USD 3.01 Billion
Global Market Size by 2033 USD 6.22 Billion
U.S. Market Size in 2023 USD 780 Million
U.S. Market Size by 2033 USD 1,610 Million
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Technology, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Mammography Systems Market Dynamics

Drivers:

Several drivers propel the growth of the mammography systems market. Firstly, the increasing incidence of breast cancer globally is a primary driver. With breast cancer being one of the most common cancers among women, there is a growing need for advanced diagnostic tools like mammography systems for early detection and effective management. Additionally, technological advancements in imaging technology, such as digital mammography and breast tomosynthesis, improve the accuracy and efficiency of breast cancer detection, driving market growth. Furthermore, initiatives by governments and healthcare organizations to promote breast cancer screening and awareness contribute to market expansion.

Opportunities:

The mammography systems market presents various opportunities for growth and innovation. One significant opportunity lies in the development of cost-effective and portable mammography systems, particularly for use in resource-limited settings and rural areas where access to advanced healthcare facilities is limited. Additionally, advancements in artificial intelligence (AI) and machine learning present opportunities for enhancing the accuracy and efficiency of mammography interpretation, leading to improved diagnostic outcomes. Moreover, collaborations between healthcare organizations, research institutions, and technology companies can foster innovation in mammography systems and drive market growth.

Challenges:

Despite the promising growth prospects, the mammography systems market faces several challenges. One notable challenge is the high cost associated with acquiring and maintaining advanced mammography systems, particularly in developing regions with limited healthcare budgets. Additionally, concerns regarding radiation exposure during mammography screenings raise apprehensions among patients, leading to hesitancy in undergoing regular screenings. Moreover, disparities in access to healthcare services and screening programs, particularly among underserved populations and rural communities, pose challenges to market penetration and adoption of mammography systems. Addressing these challenges requires collaborative efforts from healthcare stakeholders, policymakers, and technology providers to ensure equitable access to breast cancer screening and diagnostic services globally.

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Recent Developments

  • In February 2023, the introduction of a new Global project on Breast Cancer with the objective of reducing mortality rates and improving treatment was announced by the World Health Organization (WHO). It targets to save millions of breast cancer cases by the year 2040. The newly launched project emphasizes three critical steps for health: early detection, timely diagnosis, and comprehensive management of breast cancer.
  • In October 2023, Siemens Healthineers presented a novel mammography framework called Mammomat B. Brilliant with wide-angle tomosynthesis. This system utilizes Flying focal spot technology innovation for the first time in mammography. It was the first gadget from Siemens Healthineers that consolidated wide-angle tomosynthesis, the new detector, the newly evolved Flying Focus Spot tube, and the Premia computer-based intelligence recreation to upgrade image quality.
  • In November 2022, Google Health announced a partnership with iCAD, a medical technology company, to incorporate its AI technology into breast imaging solutions. This was the first commercialization agreement for Google Health’s mammography AI models and allowed the technology to be used in real-life clinical settings.

Mammography Systems Market Companies

  • Siemens Healthineer
  • Planmed Oy
  • NP JSC Amico
  • Koninklijke Philips
  • Konica Minolta
  • Hologic
  • Fujifilm Holdings Corporation
  • Delphinus Medical Technologies
  • Carestream Health, Inc.
  • Canon Medical Systems Corporation (Toshiba Medical Systems Corp.)
  • Analogic Corporation
  • GE Healthcare
  • Allengers Medical Systems Limited
  • BET Medical

Segments Covered in the Report

By Product

  • Analog Systems
  • Full-Field Digital Mammography Systems
  • Breast Tomosynthesis Systems

By Technology

  • Screen Film
  • 2D Mammography
  • 3D Mammography
  • Others

By End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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