Global Mammography Market, By Type (Film Screen Systems, Digital Systems, Analog Systems, Biopsy Systems, 3D Systems), By End-User (Hospitals, Diagnostic Centers, Specialty Clinics),By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2156
  • Available Format: PDF
  • Page: 193

Report Overview

With the increasing prevalence of breast cancer and rising demand for breast cancer diagnostics and treatment, combined with the advancements in imaging technology, the global mammography market is witnessing substantial growth.

The global mammography market was worth USD 1.9 billion in 2020. The market is projected to reach USD 3.3 billion by 2027, thus, growing at a CAGR of 8.4% during the forecast period.The market growth is fueled by the increasing prevalence of breast cancer and the ever-growing demand for its diagnosis and treatment. It has been estimated that around 2.3 million women were diagnosed with breast cancer worldwide in 2020 alone. Breast cancer mortality rates are higher than ever; thus, diagnosis of the disease is becoming a greater priority, leading to a surge indemand for mammography devices.Furthermore, advancements in imaging technology are also projected to drive the growth of the global mammography market during the forecast period.

global mammography market

Source: BlueWeave Consulting

Global Mammography Market- Overview

Mammography is a technique of using low-energy x-ray for examining human breasts. It is widely used in the diagnosis and screening of breast cancer in women. Mammography can detect breast cancer even if there are no symptoms or indicators of the disease.Having a lump or any other symptom of breast cancer may also require this treatment.Breast cancer screening through mammography is recommended for women between the ages of 40 and 44 to identify early signs of breast cancer and get treatment in a timely manner.In addition to detecting cancer, mammography can also detect other breast issues, including alump, pain, nipple discharge, etc.

Global Mammography Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Breast Cancer

The prevalence of breast cancer is rising at a very rapid rate and it has become the second leading cause of death. Among all types of cancer, breast cancer is the most common, affecting nearly 2.3 million women globally.According to estimates, breast cancer accounts for one in four cases of cancer.Therefore, various initiatives are being undertaken to raise awareness of this disease. In response to this, demand for early breast cancer diagnosis is surging at a rapid rate, further driving the growth of the mammography market.

Technological Advancements in Mammography

Breast cancer is a very advanced disease that often goes unnoticed or undiagnosed, which leads to serious life-threatening consequences. Therefore, manufacturers are constantly introducing innovations and technological advancements in mammography systems for accurate diagnosis. For instance, the implementation of full-field digital mammography (FFDM) is gaining significant momentum in healthcare facilities. It is a system where solid-state detectors are used in place of x-ray film, which is similar to digital cameras. Such advancements are expected to drive the market during the forecast period.

Restraints

High Cost of Mammography System

The high cost of mammography systems is one of the major restraints on the growth of the global mammography market.Innovations in the mammography system make it more expensive.For instance, the price of a digital mammogram ranges between USD 200,000 to USD 500,000. However, with the advanced 3D technology, its price escalates up to the average cost of USD 430,000, while the 2D systems cost 30% less. The high price of advanced mammography devicesmakes it difficult to adopt, especially in developing countries and in low-income countries.

Impact of COVID-19 on Global Mammography Market

The sudden outbreak of the COVID-19 pandemic has impacted the entire healthcare system. As for mammography, the global market suffered severely due to the sudden decline in screening and diagnostic mammography volumes caused by the lockdown and social distancing protocols.Despite the fact that healthcare providers have been advising routine screenings because of long-term health risks, mammography demand is expanding at a very slow rate as patients are reluctant to visit hospitals and diagnostic centers for the fear of contracting the virus. This has resulted in the slower demand for mammography systems in hospitals and diagnostic centers, affecting the market negatively.

Global Mammography Market - By Type

Based on types, the global mammography market is segmented into film-screen systems, digital systems, analog systems, biopsy systems, 3D systems. The digital mammography segment captures the largest market share because of the convenience it has to offer for the access of data. The readings of digital mammography is stored in computers and the accumulated data can be enhanced, magnified, or manipulated for further evaluation. Digital systems also are much more accurate in detecting changes in breast tissues, because of which  thedigital mammography segment is gaining significant traction amongend-users.

Global Mammography Market - By End-User

Based on end-users, the global mammography market is categorized into hospitals, diagnostic centers, and specialty clinics. In terms of mammography adoption, the hospital segment has the biggest market share.Patients suffering from cancer and other breast conditions frequently visit hospitals for diagnosis and treatment, which explains why hospitals are highly reliant on mammography systems.Furthermore, the financial capacity of hospitals is much higher than diagnostic centers and specialty clinics, which is why the demand for mammography systems is growing at a higher rate in hospitals.

Global Mammography Market - Regional Insights

Geographically, the global mammography market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates this market because of the increasing burden of breast cancer in the US and Canada. According to the Breast Cancer Organization of the US, it has been estimated that about one in every eight US and Canadian women are likely to develop breast cancer in the course of their lifetime. Thus, the high awareness of breast cancer diagnosis is a significant factor propelling the growth of the mammography market in the region.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading market players in the global mammography market are Quest Diagnostics Incorporated, Fujifilm Holdings Corporation, Mindray Medical International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., Micrima Limited, and other prominent players.

The prominent players in the industry invest heavily in innovating and advancing their products for better and more effective breast diagnoses.The companies also offer a wide range of products to expand their market share and establish themselves as leading brands in the mammography market. Furthermore, the adoption of competitive strategies, such as partnerships, mergers &acquisitions, collaborations, etc., are also very prominent in this market.

Recent Developments

  • In February 2021, Volpara Health, a health technology software company, announced the acquisition of CRA Health, LLC, a breast cancer risk assessment company.
  • In January 2021, Solis Mammography,breast health and diagnostic service provider announced the acquisition of Progressive Radiology to expand its state-of-the-art multimodality medical imaging capabilities.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By End-User, By Region

Key Players

Quest Diagnostics Incorporated, Fujifilm Holdings Corporation, Mindray Medical International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., MetaltronicaSpA, I.M.S. SRL, Delphinus Medical Technologies, Inc., Analogic Corporation, Aurora Imaging Technology, Inc., Micrima Limited, and other prominent players.

 

By Type

  • Film Screen Systems
  • Digital Systems
  • Analog Systems
  • Biopsy Systems
  • 3D Systems

By End-User

  • Hospitals
  • Diagnostic Centers
  • Specialty Clinics

By Region

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

 

FAQs:

 

1. What is the current size of the global Mammography market?

Answer: The global Mammography market reached USD 1.9 billion in 2020.

2. What are the major factors driving the growth of the global Mammography market?

Answer: The major factors driving the growth of the global mammography market are the increasing prevalence of breast cancer and technological advancements in mammography.

3. Who are the key players in the global Mammography market?

Answer: The key players in the global Mammography market are: Quest Diagnostics Incorporated, Fujifilm Holdings Corporation, Mindray Medical International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., MetaltronicaSpA, I.M.S. SRL, Delphinus Medical Technologies, Inc., Analogic Corporation, Aurora Imaging Technology, Inc., Micrima Limited, and other prominent players.

4. Which end-user segment accounted for the largest share in the global Mammography market?

Answer: The hospital segment accounted for the largest share in the global Mammography market.

5. Which region is at the highest growth rate in the global Mammography market?