Mammography Devices Market Insights, Forecast, Growth, Trends 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Mammography Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The mammography devices market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rise in government initiatives, growth in number of elderly women, increase in healthcare facilities and access, rise in insurance and reimbursement policies in healthcare, and rise in aging population.

The mammography devices market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to rising cases of breast cancer, increasing demand for early stage diagnosis, increasing demand for portable mammography systems, rising adoption of digital tools in healthcare diagnosis, and rising R&D in healthcare. Major trends in the forecast period include development of artificial intelligence (AI) powered mammography devices, advancements in digital mammography, advancements in 3D breast tissue reconstruction technology, development of automated breast ultrasound (ABUS), and advancements in breast biopsy techniques.

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Market Drivers and Trends:

The increasing prevalence of breast cancer is expected to propel the growth of the mammography device market going forward. Breast cancer is the abnormal growth of cells in the breast tissue that can form a malignant tumor capable of spreading to other parts of the body. The prevalence of breast cancer cases is due to changes in lifestyle factors, the aging population, inherited genetic mutations, and hormonal factors. Mammography devices are indispensable tools in the fight against breast cancer, enabling early detection, accurate diagnosis, and effective management strategies that ultimately improve patient outcomes and survival rates. For instance, in January 2024, according to the American Cancer Society, a US-based nonprofit organization, approximately 310,720 new cases of invasive breast cancer will be diagnosed in women in 2024. Further, around 42,250 women are projected to die from breast cancer this year. Recent trends show that the incidence rates have been increasing by 0.6% annually, with a slightly higher rise of 1.0% per year in women under 50. Therefore, the increasing prevalence of breast cancer is driving the growth of the mammography device market.

Major companies operating in the mammography devices market are focusing on developing advanced products, such as mammography systems with wide-angle tomosynthesis, to offer improved image resolution and clarity. A mammography system with wide-angle tomosynthesis is an advanced breast imaging technology that enhances traditional mammography by providing three-dimensional (3D) images of the breast tissue. This system is particularly effective in detecting breast cancer, especially in dense breast tissue, where overlapping structures can make it difficult to identify abnormalities with standard 2D mammography. For example, in September 2023, Siemens Healthineers, a Germany-based medical technology company, launched the Mammomat B. Brilliant mammography system with wide-angle tomosynthesis. The Mammomat B. Brilliant features the innovative PlatinumTomo technology, which includes a wide-angle tomosynthesis with a 50° tube movement, the most significant angle available. This system achieves a rapid scan time of approximately five seconds, making it the fastest in its class and allowing for high-definition 3D imaging. It identifies abnormalities and microcalcifications with exceptional accuracy. The device's acquisition speed is about 35% faster than other models, enhancing patient comfort. It introduces Flying Focus Spot technology, the first of its kind in mammography, which minimizes blurring effects from tube movement, ensuring sharp images even at high speeds.

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Major Key Players of the Market:

Siemens Healthineers AG, Fujifilm Holdings Corporation, Becton, Dickinson and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Konica Minolta Inc., Hologic Inc., Carestream Health Inc., Analogic Corporation, Canon Medical Systems Corporation, Aurora Health Care Inc., DMS Group, SuperSonic Imagine Ltd., Villa Sistemi Medicali S.p.A, Planmed Oy, Allengers Medical Systems Limited, General Medical Merate S.p.A, KUB Technologies Inc., Delphinus Medical Technologies Inc., Metaltronica S.p.A., SonoCiné Inc., Micrima Limited, IMS Giotto S.p.A., CMR Naviscan Corporation, SternMed GmbH.

Mammography Devices Market 2024 Key Insights:

• The mammography devices market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
• Growing Prevalence Of Breast Cancer Boosts Demand For Mammography Devices
• Technological Advances In Mammography Devices
• North America was the largest region in the mammography devices market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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