Mammography involves the use of low-dose x-rays to detect abnormalities in the breast tissue. Mammography systems are widely used for breast cancer screening and diagnosis. Key advantages of mammography include early detection of small lesions, identification of masses concealed by dense breast tissue, and ability to detect minute calcifications associated with cancer. 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 key trends:
The evolution of digital mammography systems has driven significant growth in the mammography market in recent years. Digital mammography is replacing analog mammography systems due to advantages such as immediate availability of results, enhanced image quality, and reduced radiation dose required compared to analog systems. Digital mammography systems also facilitate storage and transmission of images and data, allowing for remote diagnosis. In addition, new systems with advanced features such as mammosite, Spectral Mammography, and 3D mammography have entered the market, further accelerating adoption. The growing shift towards digital mammography from traditional screen-film mammography is a major trend catalyzing market growth over the forecast period.
Segment Analysis
The global mammography market is dominated by digital mammography systems segment owing to advantages such as enhanced image quality, faster screening, automated image analysis, reduced radiation dosage and digitally stored images that improve work flow and patient experience. Full-field digital mammography or FFDM, is the most widely used type of digital mammography machine accounting for over 70% of market share in 2023 due to superior image resolution and less radiation dose compared to other digital modalities.
Key Takeaways
The Global Mammography Market Demand is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis: North America region currently dominates the mammography market holding over 40% of the total share in 2023 led by favorable government initiatives and guidelines for breast cancer screening. Asia Pacific region is expected to grow at the fastest rate over 8% CAGR during the forecast period owing to rapidly improving healthcare infrastructure and increasing awareness about early detection of breast cancer in major Asian countries like China and India.
Key players: Key players operating in the mammography market are GTL (Global Tel*Link Corporation), BI Incorporated (a subsidiary of GEO Group), Corrisoft, SuperCom Ltd., and Spillman Technologies (a Motorola Solutions company). The market is highly consolidated with top five players accounting for over 60% share. Major players are focusing on new product launches, geographical expansion and strategic collaborations to gain additional market share.
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