by The global Mammography Market is estimated to be valued at US$ 2360.16 million in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Mammography is a specific type of imaging that uses low-dose x-rays to examine breasts. It helps in detection of early signs of breast cancers along with small calcifications or tumors that are too small to feel. The mammography equipment are highly advanced tools that helps in monitoring any changes in breast tissues over time which increases the chances of early detection.
Market key trends:
The increasing prevalence of breast cancer has been a key driver for mammography market growth. As per the World Health Organization (WHO), breast cancer is the most common type of cancer in women worldwide. Each year over 2 million new cases of breast cancer are diagnosed globally. Early detection through regular breast screening significantly improves chances of successful treatment. Regular mammograms assist in detection of breast tumors when they are most treatable. With rising breast cancer cases, there is growing reliance on mammography as an important screening and diagnostic tool resulting in higher demand. This is reflecting significantly on mammography equipment sales and utilization over the forecast period
SWOT Analysis
Strength: Mammography has high sensitivity and specificity for breast cancer detection. It is considered as the gold standard for breast cancer screening.
Weakness: Mammography has limitations in detecting cancer in women with dense breasts. It also involves low level radiation exposure and discomfort during breast compression.
Opportunity: Advancements in digital mammography and tomosynthesis is improving cancer detection rates. Growing awareness about early detection is positively impacting market growth.
Threats: Presence of alternative imaging modalities like MRI poses competition. Shortage of skilled radiologists is also a challenge.
Key Takeaways
The Global Mammography Market Size is expected to witness high growth.
Regional analysis: North America currently dominates the market and is expected to continue its dominance over the forecast period. This is attributed to high adoption of digital mammography systems and presence of major players in the region. Asia Pacific is expected to emerge as the fastest growing region owing to growing healthcare infrastructure, investments by government and key players, and increasing awareness about breast cancer screening.
Key players operating in the mammography market are GTL (Global Tel*Link Corporation), BI Incorporated (a subsidiary of GEO Group), Corrisoft, SuperCom Ltd., Spillman Technologies (a Motorola Solutions company), Tribridge (now DXC Technology), Appriss Inc., Northpointe Inc. (a subsidiary of Constellation Software), Tyler Technologies Inc., Capita PLC, IBM Corporation, Encartele Inc., Telmate LLC (a subsidiary of GTL), Keefe Group (a subsidiary of TKC Holdings Inc.), Securus Technologies Inc. (now part of Aventiv Technologies). These firms are focusing on developing advanced digital mammography systems and expanding their presence worldwide through partnerships and acquisitions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
