Mammography is an important diagnostic imaging technique used for early detection and diagnosis of breast cancer. Mammography uses low-dose x-rays to examine the internal structure of the breast and screen for abnormalities such as tumors. It has proven effective at detecting cancers at earlier stages, when treatment options tend to be most effective.
Market key trends:
The increasing incidence of breast cancer is one of the key factors driving the growth of the mammography market. As per the statistics provided by WHO, breast cancer is the most common cancer in women worldwide, with an estimated 2.3 million new cases diagnosed in 2020. Early detection through regular mammogram screenings can significantly improve the chances of successful treatment. The rising public awareness about the benefits of early cancer screening and diagnostic procedures along with increasing healthcare expenditure is supporting higher adoption of mammography across major markets. This is expected to accelerate the market growth over the forecast period.
Segment Analysis
The global mammography market is segmented into product type, technology and end-user. Based on product type, the mammography market is segmented into analog mammography equipment, digital mammography equipment and breast tomosynthesis systems. Among them, the digital mammography equipment segment dominated the market with over 60% market share in 2023 owing to higher reliability, specificity and sensitivity offered by digital mammography. Based on technology, the mammography market is segmented into 2D mammography, 3D mammography and combo. The 3D mammography segment is expected to witness the highest growth during the forecast period due to its ability to detect tumors that may be hidden in the breast tissue. Based on end-user, the mammography market is segmented into hospitals, ambulatory surgical centers and clinics. The hospitals segment holds the largest share in the market due to availability of advanced healthcare facilities and highly skilled radiologists.
Key Takeaways
The Global Mammography Market Size is estimated to be valued at US$ 2360.16 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030.
Regional Analysis
North America dominated the global mammography market with around 40% market share in 2023 owing to increasing incidence of breast cancer, rising awareness about early screening and technological advancements in the region. Asia Pacific is expected to witness the highest growth during the forecast period owing to growing healthcare infrastructure, rising awareness for early detection of breast cancer and increasing disposable income.
Key Players
Key players operating in the mammography market are Anhui Jucheng Fine Chemical Co, Ltd. (CJCC), Ashland Inc., BASF SE, Kemira, SNF Group, Black Rose Industries Ltd., Shandong Polymer Bio-Chemicals Co., Ltd., Xitao Polymer Co., Ltd. and ZL EOR Chemicals Ltd. The players are focusing on new product launches and technological advancements to stay competitive in the market. For instance, in 2022, Anthropic introduced AI software techniques to analyze breast images and improve cancer detection rates in mammograms.
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