The Mammography Systems Market size is projected to reach US$ 5.35 billion by 2031 from US$ 2.61 billion in 2022. The market is expected to register a CAGR of 8.5% in 2023–2031. Increasing innovation in mammography systems and collaboration among market players led to new product launches that are likely to remain key Mammography Systems Market trends.
The prevalence of breast cancer is growing worldwide and has resulted in increased demand for mammography systems for diagnosis. A few of the common symptoms of breast cancer are the appearance of inverted nipples, changes in breast shape, development of lumps in the breast, a red or scaly patch of skin, or sore nipples. As per the Breast Cancer Organization report, 2023, breast cancer accounts for 12.5% of total cancer cases reported globally. Additionally, every year ~30% of newly diagnosed cancer among women are breast cancer. As per the same source, there were 2,800 new breast cancer are expected to be diagnosed in men during 2023. Therefore, the globally increasing prevalence of breast cancer among a large population is expected to generate demand for diagnosis and treatment which in turn support the growth of the mammography systems market.
Breast cancer is one of the most common cancers affecting a large population globally. The increasing prevalence and incidence of breast cancer have increased the demand for accurate diagnosis and effective treatment options. The increasing prevalence of cancer has increased the research activities funds, and grants to increase the diagnosis rate globally to provide timely treatment. Moreover, there are various market players operating in the global market focusing on the development of advanced diagnostic systems which led to increased product launches and collaborations which in turn contributed to the growth of the mammography systems market.
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Mammography Systems Market: Strategic Insights
In the last few years, there has been an increase in investments in research activities focused on the early detection of breast cancer. For instance, in May 2023, the Victorian Medical Acceleration Fund grant helped BreastScreen Victoria to develop facilities and carry out research activities for the use of artificial intelligence (AI) in reading mammograms.
The Society of Breast Imaging in the US focuses on minimizing the impact of breast cancer and saving lives of the patients. It has a Research & Education Fund program that aims at providing funds to support the research and education for breast imaging. Further, in the UK, the government promises to invest an extra USD 12.49 million to provide 29 new breast cancer screening centers and approximately 70 lifesaving developments for the treatment and diagnosis of breast cancer.
Thus, increasing public-private investments, grants, and funds provides growth impetus to the mammography systems market.
The growing implementation of preventive healthcare and disease diagnosis programs creates lucrative growth opportunities for the mammography systems market players. For instance, all provinces in Canada have breast cancer screening programs for women with 50–74 years of age. The Provincial Health Services Authority of British Columbia has a breast cancer screening program to offers simple, inexpensive tests to large population base; the program mainly aims toward the early diagnosis of breast cancer.
Additionally, in November 2023, FUJIFILM India launched an On-Ground Breast Cancer Screening and Awareness Campaign on National Cancer Awareness Day to promote early breast cancer detection. Fujifilm India pledges to carry out this initiative in 19 cities in collaboration with 35 cutting-edge diagnostic centers equipped with advanced mammography systems.
Key segments that contributed to the derivation of the Mammography Systems Market analysis are product, technology, and end user.
The geographic scope of the Mammography Systems Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Mammography Systems Market owing to the Increasing adoption of advanced medical devices, technological advancements and the rising prevalence of breast cancer are projected to accelerate the growth of the mammography systems market. The US held the largest market share in 2023 owing to the increasing adoption of advanced medical device technologies, growing digitalization of medical devices, increasing emphasis on improving treatment outcomes and increasing prevalence of breast cancer. The increasing prevalence of breast cancer in the US is likely to demand mammography systems. As per the breast cancer statistics by the Breast Cancer Organization, breast cancer accounts for 12.5% of all new annual cancer cases worldwide. Additionally, there were ~297,790 new cases of invasive breast cancer are expected to be diagnosed among women along with 55,720 new cases of DCIS in the US during 2023. Moreover, Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Mammography Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Mammography Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.61 Billion |
| Market Size by 2031 | US$ 5.35 Billion |
| Global CAGR (2023 - 2031) | 8.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Mammography Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Mammography Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Mammography Systems Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for mammography systems and strategies:
The “Mammography Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: