Mammography Market Growth, Industry Outlook and Opportunities 2022 – 2029 | DataM Intelligence

DataM Intelligence
The Global Mammography Market is expected to grow at a CAGR of 11.50% during the forecasting period 2022-2029.

Market Overview

Mammography helps the detection of breast cancer. These exams are used for screening and prognosis of breast cancers amongst ladies. They also can be used to locate and diagnose breast disorders in girls experiencing signs consisting of a lump, ache, pores and skin dimpling or nipple discharge.

 

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Market Dynamics

The global mammography market growth is driven by the increasing instances of breast cancer in women across the globe, advancements in identification and treatment methods of cancer and growing health concerns and government initiatives.  

The introduction of new products in the market will drive the market growth

The advent of new merchandise in the market is anticipated to pressure the adoption rate amongst cease-customers. The in advance generations of mammography structures supplied 2D snapshots of the breast, which limits the interpretation of high-quality. 2D mammography structures provide Craniocaudal (CC) and Mediolateral-Oblique (MLO) photographs. The flat nature of those snapshots makes it hard for physicians to interpret pix and identify tumours due to overlapping of tissues and calcifications, which mask cancerous lesions. With the advent of the recent 3-D-based totally era known as Digital Breast Tomosynthesis (DBT), it is feasible to gain a 3D image of the breast. This lets radiologists scan the breast slice by slice and pick out abnormalities, which could be obscured in 2D images.

According to the Centers for Disease Control and Prevention (CDC) reports 2018, breast cancer is one of the maximum common cancers amongst girls, irrespective of race or ethnicity. It is likewise the 0.33-most-not unusual reason of demise from most cancers amongst American Indian/Alaska Native girls.

According to a Globocan file in 2020, breast cancer changed into the most generic sort of most cancers, with an incidence price of 11.7%. According to the identical document, the 5-12 months occurrence fee for both the sexes confirmed that Asia had the very best quantity of human beings affected at three,218,496 (41.3%), followed by way of Europe at 2,138,117 (27.4%) and North America with 1.189,111 humans (15.3%). Such excessive prevalence charges of breast cancers are one of the primary reasons the demand for mammography devices is anticipated to boom, as they may be used for diagnostic functions. Furthermore, as the worldwide populace is growing old, a massive wide variety of girls are predicted to move into the age of 60 years and above. Women elderly 60 years and above account for nearly 78% of all breast cancer-related deaths. High occurrence and mortality prices for breast cancers in this age institution constitute a big unmet want for breast cancer diagnostics. As the variety of incidents and mortality cases increases, the call for mammography is likewise expected to increase. This remains a first-rate driver for the mammography market and is predicted to pressure the marketplace for the duration of the forecast duration.

 

Market Segmentation

By Type

l Digital Mammography

l Analog Mammography

l Diagnostic Mammography

l Others

 

By Dimension

l 2D

l 3D

l Combined

 

By Application

l Breast Cancer

l Breast Disease

l Other

 

By End-User

l Diagnostic Centers

l Hospitals

l Ambulatory Centers

l Others

 

By Region

l North America

l Europe

l Asia-Pacific

l Middle East & Africa

l South America

 

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Competitive Landscape

The mammography market is highly competitive with presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Fujifilm Holdings Corporation, GE Healthcare, Hologic Inc., General Medical Merate SpA, Koninklijke Philips NV, Metaltronica SpA, Konica Minolta Inc., Planmed Oy, Siemens Healthineers, Carestream Health, and Canon Medical Systems among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the mammography market globally. For instance in November 2020, Hologic Inc. and RadNet announced a collaboration to advance the development of artificial intelligence tools in breast health. The collaboration may include data sharing, R&D, and an upgrade of RadNet’s fleet of Hologic mammography systems to state-of-the-art imaging technology.

 

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