Mammography market is expected to reach USD 1,920 Million by the end of 2022

Posted by rohan on February 5th, 2018

Global market for Mammography market is currently worth USD 1,428 million and is expected to reach USD 1,920 Million by the end of 2022 growing at a CAGR of 6.1%. Breast cancer remains to be the common cause of deaths among women worldwide. The high mortality rate has increased need for diagnosing the patients for breast cancer and resulted in a rising demand for mammography devices. These devices help in the early detention and diagnosis of breast disease among women.

Mammography refers to a standard screening and diagnostic technique used to screen the breast tissues for the presence of malignant tissues. It involves a detailed imaging inside the breast with a low-dose x-ray system for the early detention of cancer. Screening mammograms involves checking for breast cancer among women who has no signs of the diseases. Diagnostics mammogram is used to check breast cancer after a lump or other symptoms of the disease. It can also be used to evaluate the changes found during a screening mammography.

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Rising incidences of breast cancer is the primary driving factor for the mammography market. Along with this, advancements in breast imaging technologies, rapid growth in aging population, increasing awareness resulting in early breast cancer screening are also impelling the growth of the market. However, side effects associated with mammography, government regulations and expensive imaging systems are restraining the growth of the market.  

The global market for mammography is segmented based on the product, technology and application. By product, the market is segmented as 3D mammograms, digital, analog system, film screens, biopsy systems and others. Analog, digital and breast tomosynthesis are the technologies used in mammography. By the type of application, the market is segmented into screening and diagnostics. As the new technologies are constantly being developed and modified resulting in better imaging capabilities as the technology becomes more widespread. The global shift is more inclined towards the digital technologies away from analog technologies. 

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Based on the geographical region, the market is segmented as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America currently dominates the global market owing to the increasing cancer population and higher affordability. Asia Pacific is the fastest growing region registering a tremendous CAGR in the forecast period. Growing demographics and economies of India, China among others regions of Asia Pacific is aiding the growth of the market in these region.

The mammography industry has witnessed many product launches, mergers and strategic agreements among the key players in the recent years. The major companies in the industry include GE Healthcare, Hologic Inc., Siemens Healthcare, Philips Healthcare, Toshiba Medical Systems, Sonocine Inc., Metaltronica, Fujifilm and Planmed.

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