Mammography Market to Boost Regional Growth, Trends, Business Demand and Challenges by 2030 | Canon Medical Systems, Carestream Health, Siemens Healthineers

The Mammography Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Mammography is a specific type of breast imaging that uses low-dose x-rays to detect cancer early before physical symptoms appear. It helps in the early detection and diagnosis of breast diseases in women.

Market Dynamics:

The increasing number of breast cancer cases worldwide is the primary factor driving the growth of the mammography market. According to WHO, breast cancer is the most common cancer in women worldwide, increasing from 1.67 million in 2022 to 2.05 million new breast cancer cases in 2030. Additionally, advancements in mammography devices to provide higher resolution imaging and reduce compression pain are also facilitating the adoption of digital mammography. Introduction of 3D mammography devices provides better visualization of the breast and improves diagnostic accuracy by minimizing false-positive and false-negative results compared to 2D devices thereby witnessing growing demand. Stringent regulatory guidelines mandating regular breast cancer screenings are further augmenting the market growth during the forecast period.

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Promising Market Opportunity: Growing geriatric population opens new opportunities

The global geriatric population aged 65 years or older is rising rapidly. As per United Nations, the number of people aged 65 years or older is projected to grow from 727 million in 2020 to 1.5 billion in 2050. Older age is a risk factor for developing breast cancer. Also, breast tissue becomes less dense with ageing, making mammograms more effective. Therefore, increasing elderly demographic will drive the need for efficient mammography screening and diagnosis, opening new revenue avenues for players.

Notable Market Trend :Rising preference for digital mammography systems

The mammography market has been witnessing a significant trend where analog systems are rapidly being replaced by digital systems. Digital mammography systems offer advantages like improved image quality, shorter screening time, automated whole-breast ultrasound capability, storage of prior exams for comparison, and remote image sharing capabilities. This transition to digital platforms is expected to continue and further drive the mammography market growth in coming years.

Some of the Top Players in Mammography Market:

Canon Medical Systems, Carestream Health, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., Metaltronica SpA, Koninklijke Philips NV, General Medical Merate SpA, Hologic Inc., GE Healthcare, and Fujifilm Holdings Corporation, among others.

Note: Major Players are sorted in no particular order.

Regional Analysis -

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

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Key Drivers fueling Growth in the Mammography Market: Increasing prevalence of breast cancer is a major driver

Breast cancer has become one of the most common and life-threatening cancers in women globally. As per World Health Organization (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 screening has become crucial in order to increase treatment outcomes. Mammography serves as the gold standard for breast cancer screening and has helped detect breast cancer at an early stage, before symptoms develop, leading to increased adoption.

Rising awareness initiatives by governments and associations are propelling the market

Various awareness programs organized by governments, healthcare organizations as well as pharmaceutical companies are playing a huge role in educating women regarding importance of screening. Initiative like awareness months (e.g. Breast Cancer Awareness Month), educational campaigns, social media promotions etc. have significantly increased awareness levels about breast cancer and importance of regular check-ups/screening. This has positively impacted demand for mammography systems.

Potential Market Restrain: High cost of mammography systems can hinder widespread adoption

Mammography systems have high acquisition and maintenance costs which poses a major challenge, specifically in price-sensitive developing countries. The high cost is attributable to factors like expensive components like high-quality X-ray tube, detector, compressed breast platform etc. Further, continuous need for system upgrades & high cost of repairs & maintenance also adds up to the overall cost. This financial burden can negatively impact procurement decisions, especially in resource-constrained public healthcare settings, thus acting as a key restraint.

Reasons to Purchase this Report:

‣ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

‣ Reports provide opportunities and threats faced by suppliers in the Mammography industry around the world.

‣ The report shows regions and sectors with the fastest growth potential.

‣ A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

‣ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

‣ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

Questions Answered by the Report:

(1) Which are the dominant players of the Mammography Market?
(2) What will be the size of the Mammography Market in the coming years?
(3) Which segment will lead the Mammography Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Mammography Market?
(6) What are the go-to strategies adopted in the Mammography Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Mammography Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Mammography Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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This release was published on openPR.