Global Mammography Market Report and Forecast 2024-2032

Global Mammography Market Outlook

The global mammography market reached a value of about USD 2.37 billion in 2023. The industry is further expected to grow at a CAGR of about 8.6% in the forecast period of 2024-2032 to reach a value of around USD 4.97 billion by 2032.

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North America Accounts for a Significant Share in the Mammography Industry Globally

The global market for mammography is expanding as the number of breast cancer cases across the globe is rising. With the increasing health awareness, people have become more conscious of the importance of regular mammograms. Because of the presence of advanced healthcare services in North America, the region accounted for a significant market share in 2020. Within North America, various countries face a growing burden of breast cancer cases, particularly among the female population of over 40 years. Meanwhile, with a significant CAGR, the Asia Pacific is expected to be an emerging regional market in the forecast period. The region's developing economies, such as India and China, are attractive markets because of the dynamic shift in urban lifestyle, which is contributing to a high prevalence of breast cancer. This is expected to enhance the demand for mammography in the region in the coming years.

Mammography: Market Segmentation

Mammography is a medical imaging procedure that involves the use of a low-dose X-ray device to identify and diagnose breast-related disorders in women. Breast cancer is the leading cause of death in women, according to the World Health Organization (WHO), with about two million new cases diagnosed each year around the world. Mammography is used to detect breast cancer in the early stages, mostly by looking at specific masses or microcalcifications.

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The mammography industry can be segmented based on product into:

• Digital Systems
• Analog Systems
• Breast Tomosynthesis
• Others

The market can be divided on the basis of end use into:

• Hospitals
• Special Clinics
• Diagnostic Centres
• Others

The regional markets for mammography can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Improving Healthcare Infrastructure Bolstering the Mammography Industry Growth

The rising healthcare expenditure, a thriving healthcare market, and a rise in demand for routine screening are the major factors driving the demand for mammography equipment. This is aiding the growth of the mammography industry globally. Additionally, one of the key factors catalysing the demand is the increasing government efforts to enhance clinical interpretation and expand access to mammary gland cancer screening programmes. The demand is increasing with the rise in number of breast cancer cases globally and people becoming more mindful of the importance of regular screenings for the disease. Over the forecast period, the growing demand for highly specialised screening equipment to minimise call-back visits, false alarms, and missing cancer diagnoses is expected to significantly contribute to the market growth.

Key Industry Players in the Global Mammography Market

The report gives a detailed analysis of the following key players in the global mammography market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• General Electric Company
• FUJIFILM Corporation
• Hologic, Inc.
• General Medical Merate SpA
• Koninklijke Philips N.V.
• Metaltronica S.p.A.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report