November 15, 2024

Mammography Systems Market Size to Rake USD 6.22 Bn by 2033

The global mammography systems market size reached USD 3.01 billion in 2023 and is projected to attain 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 witnessing significant growth globally, driven by increasing awareness about breast cancer screening, technological advancements in imaging modalities, and rising incidences of breast cancer worldwide. Mammography systems play a crucial role in the early detection and diagnosis of breast cancer, which is essential for effective treatment and improved patient outcomes. These systems utilize low-dose X-rays to produce detailed images of the breast tissue, aiding in the detection of abnormalities such as tumors or cysts.

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Growth Factors:

Several factors contribute to the growth of the mammography systems market. Firstly, the growing prevalence of breast cancer, particularly among women, is a major driving force. As breast cancer continues to be one of the leading causes of cancer-related deaths globally, there is an increasing emphasis on early detection and screening programs, boosting the demand for mammography systems.

Moreover, technological advancements in mammography imaging, such as digital mammography, 3D mammography (tomosynthesis), and computer-aided detection (CAD) systems, have significantly improved the accuracy and efficiency of breast cancer detection. These advancements not only enhance diagnostic capabilities but also reduce radiation exposure and improve patient comfort, thereby driving the adoption of mammography systems.

Additionally, initiatives by governments and healthcare organizations to promote breast cancer awareness and screening programs further fuel market growth. Increased investments in healthcare infrastructure, especially in emerging economies, also contribute to the expansion of the mammography systems market.

Region Insights:

The mammography systems market exhibits varying trends across different regions. In developed regions such as North America and Europe, extensive screening programs, favorable reimbursement policies, and advanced healthcare infrastructure drive market growth. The presence of key market players and high awareness levels among the population also contribute to market expansion in these regions.

In contrast, emerging economies in Asia Pacific, Latin America, and Africa are witnessing rapid growth in the mammography systems market due to increasing healthcare expenditure, rising awareness about breast cancer, and government initiatives to improve healthcare infrastructure. However, challenges such as limited access to screening facilities and inadequate reimbursement policies hinder market growth in these regions.

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 rising incidence of breast cancer worldwide, particularly among women, creates a substantial demand for screening and diagnostic tools such as mammography systems. Additionally, the aging population and lifestyle factors such as obesity and sedentary lifestyles contribute to the increasing prevalence of breast cancer, further driving market growth.

Furthermore, advancements in imaging technology, such as digital mammography and tomosynthesis, enhance the accuracy and efficiency of breast cancer detection, leading to increased adoption of mammography systems. Moreover, government initiatives and healthcare policies aimed at promoting breast cancer awareness and early detection also drive market expansion.

Opportunities:

The mammography systems market presents numerous opportunities for growth and innovation. One significant opportunity lies in the development of advanced imaging technologies with improved diagnostic accuracy and reduced radiation exposure. Innovations such as contrast-enhanced mammography and molecular breast imaging hold promise for enhancing early detection and characterization of breast lesions.

Moreover, expanding market penetration in emerging economies presents lucrative opportunities for market players. Collaborations with healthcare organizations, government agencies, and non-profit organizations to promote breast cancer awareness and screening programs can further enhance market growth. Additionally, the integration of artificial intelligence (AI) and machine learning algorithms into mammography systems holds potential for improving diagnostic accuracy and efficiency.

Challenges:

Despite the favorable market conditions, the mammography systems market faces several challenges. Limited access to screening facilities, especially in rural and underserved areas, remains a significant barrier to early detection and diagnosis of breast cancer. Inadequate reimbursement policies and high upfront costs associated with mammography systems also pose challenges, particularly in developing countries.

Furthermore, concerns regarding radiation exposure and false-positive results may deter some individuals from undergoing regular mammography screening. Addressing these concerns through patient education and awareness campaigns is essential to encourage screening uptake and improve patient compliance.

Additionally, regulatory challenges, including stringent approval processes and compliance requirements, can hinder market entry for new players and limit innovation in the mammography systems market. Moreover, the COVID-19 pandemic has disrupted healthcare services and led to delays in cancer screenings, impacting market growth temporarily.

Read Also: Digital Genome Market Size to Reach USD 109.74 Bn by 2033

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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