Global Mammography Market- Industry Trends & Forecast Report 2027

1. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period Global Mammography Market- Industry Trends & Forecast Report 2027 View report Sample report Press release Summary Global Mammography Market, By Type (Film Screen Systems, Digital Systems, Analog Systems, Biopsy Systems, 3D Systems), By End-User (Hospitals, Diagnostic Centers, Specialty Clinics),By Region (North America, Europe, Asia- Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027 A recent study conducted by the strategic consulting and market research firmBlueWeave Consulting revealed that the global mammography market was worth USD 1.9 billion in the year 2020. The data yielded by the report further reveals that the market is estimated to grow at a CAGR of 8.4%, earning revenue of around USD 3.3 billion by the end of 2027. The growth of the mammography market can be attributed to the increasing prevalence of breast cancer and other breast conditions like lumps, nipple discharge, etc., among women. Moreover, due to the high mortality rate, it has become more important than ever to diagnose patients for breast cancer, which has led to a spike in the demand for mammography devices. However, the high price of mammography systems may limit the growth of the mammography market, especially in developing and low- income countries.

2. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period Report Overview With the increasing prevalence of breast cancer and rising demand for breast cancer diagnostics and treatment, combined with the advancements in imaging technology, the global mammography market is witnessing substantial growth. The global mammography market was worth USD 1.9 billion in 2020. The market is projected to reach USD 3.3 billion by 2027, thus, growing at a CAGR of 8.4% during the forecast period.The market growth is fueled by the increasing prevalence of breast cancer and the ever-growing demand for its diagnosis and treatment. It has been estimated that around 2.3 million women were diagnosed with breast cancer worldwide in 2020 alone. Breast cancer mortality rates are higher than ever; thus, diagnosis of the disease is becoming a greater priority, leading to a surge indemand for mammography devices.Furthermore, advancements in imaging technology are also projected to drive the growth of the global mammography market during the forecast period. Source: BlueWeave Consulting Global Mammography Market- Overview Mammography is a technique of using low-energy x-ray for examining human breasts. It is widely used in the diagnosis and screening of breast cancer in women. Mammography can detect breast cancer even if there are no symptoms or indicators of the disease.Having a lump or any other symptom of breast cancer may also require this treatment.Breast cancer screening through mammography is recommended for women between the ages of 40 and 44 to identify early signs of breast cancer and get treatment in a timely manner.In addition to detecting cancer, mammography can also detect other breast issues, including alump, pain, nipple discharge, etc.

3. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period Global Mammography Market Forecast and Trends Growth Drivers Increasing Prevalence of Breast Cancer The prevalence of breast cancer is rising at a very rapid rate and it has become the second leading cause of death. Among all types of cancer, breast cancer is the most common, affecting nearly 2.3 million women globally.According to estimates, breast cancer accounts for one in four cases of cancer.Therefore, various initiatives are being undertaken to raise awareness of this disease. In response to this, demand for early breast cancer diagnosis is surging at a rapid rate, further driving the growth of the mammography market. Technological Advancements in Mammography Breast cancer is a very advanced disease that often goes unnoticed or undiagnosed, which leads to serious life-threatening consequences. Therefore, manufacturers are constantly introducing innovations and technological advancements in mammography systems for accurate diagnosis. For instance, the implementation of full-field digital mammography (FFDM) is gaining significant momentum in healthcare facilities. It is a system where solid-state detectors are used in place of x-ray film, which is similar to digital cameras. Such advancements are expected to drive the market during the forecast period. Restraints High Cost of Mammography System The high cost of mammography systems is one of the major restraints on the growth of the global mammography market.Innovations in the mammography system make it more expensive.For instance, the price of a digital mammogram ranges between USD 200,000 to USD 500,000. However, with the advanced 3D technology, its price escalates up to the average cost of USD 430,000, while the 2D systems cost 30% less. The high price of advanced mammography devicesmakes it difficult to adopt, especially in developing countries and in low- income countries. Impact of COVID-19 on Global Mammography Market The sudden outbreak of the COVID-19 pandemic has impacted the entire healthcare system. As for mammography, the global market suffered severely due to the sudden decline in screening and diagnostic mammography volumes caused by the lockdown and social distancing protocols.Despite the fact that healthcare providers have been advising routine screenings because of long-term health risks, mammography demand is expanding at a very slow rate as patients are reluctant to visit hospitals and diagnostic centers for the fear of contracting the

4. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period virus. This has resulted in the slower demand for mammography systems in hospitals and diagnostic centers, affecting the market negatively. Global Mammography Market - By Type Based on types, the global mammography market is segmented into film-screen systems, digital systems, analog systems, biopsy systems, 3D systems. The digital mammography segment captures the largest market share because of the convenience it has to offer for the access of data. The readings of digital mammography is stored in computers and the accumulated data can be enhanced, magnified, or manipulated for further evaluation. Digital systems also are much more accurate in detecting changes in breast tissues, because of which thedigital mammography segment is gaining significant traction amongend-users. Global Mammography Market - By End-User Based on end-users, the global mammography market is categorized into hospitals, diagnostic centers, and specialty clinics. In terms of mammography adoption, the hospital segment has the biggest market share.Patients suffering from cancer and other breast conditions frequently visit hospitals for diagnosis and treatment, which explains why hospitals are highly reliant on mammography systems.Furthermore, the financial capacity of hospitals is much higher than diagnostic centers and specialty clinics, which is why the demand for mammography systems is growing at a higher rate in hospitals. Global Mammography Market - Regional Insights Geographically, the global mammography market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates this market because of the increasing burden of breast cancer in the US and Canada. According to the Breast Cancer Organization of the US, it has been estimated that about one in every eight US and Canadian women are likely to develop breast cancer in the course of their lifetime. Thus, the high awareness of breast cancer diagnosis is a significant factor propelling the growth of the mammography market in the region. Source: BlueWeave Consulting

5. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period Competitive Landscape The leading market players in the global mammography market are Quest Diagnostics Incorporated, Fujifilm Holdings Corporation, Mindray Medical International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., Micrima Limited, and other prominent players. The prominent players in the industry invest heavily in innovating and advancing their products for better and more effective breast diagnoses.The companies also offer a wide range of products to expand their market share and establish themselves as leading brands in the mammography market. Furthermore, the adoption of competitive strategies, such as partnerships, mergers &acquisitions, collaborations, etc., are also very prominent in this market. Recent Developments In February 2021, Volpara Health, a health technology software company, announced the acquisition of CRA Health, LLC, a breast cancer risk assessment company.  In January 2021, Solis Mammography,breast health and diagnostic service provider announced the acquisition of Progressive Radiology to expand its state-of-the-art multimodality medical imaging capabilities.  Scope of the Report Attributes Details Historical data – 2017-2020 Years Considered Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Billion

6. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia Market Coverage Product Service/Segmentation By Type, By End-User, By Region Quest Holdings International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., MetaltronicaSpA, I.M.S. SRL, Delphinus Medical Technologies, Inc., Analogic Corporation, Aurora Imaging Technology, Inc., Micrima Limited, and other prominent players. Diagnostics Corporation, Incorporated, Mindray Fujifilm Medical Key Players By Type Film Screen Systems Digital Systems Analog Systems Biopsy Systems 3D Systems      By End-User Hospitals Diagnostic Centers Specialty Clinics    By Region North America Europe Asia-Pacific Latin America Middle East & Africa     

7. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period FAQs: 1. What is the current size of the global Mammography market? Answer: The global Mammography market reached USD 1.9 billion in 2020. 2. What are the major factors driving the growth of the global Mammography market? Answer: The major factors driving the growth of the global mammography market are the increasing prevalence of breast cancer and technological advancements in mammography. 3. Who are the key players in the global Mammography market? Answer: The key players in the global Mammography market are: Quest Diagnostics Incorporated, Fujifilm Holdings Corporation, Mindray Medical International Limited, GE Healthcare, Toshiba Medical Systems, Hologic Inc., Canon Medical Systems Corporation, General Medical Merate S.P.A., Carestream Health, Koninklijke Philips NV, Siemens Healthineers, Planmed Oy, Konica Minolta Inc., MetaltronicaSpA, I.M.S. SRL, Delphinus Medical Technologies, Inc., Analogic Corporation, Aurora Imaging Technology, Inc., Micrima Limited, and other prominent players. 4. Which end-user segment accounted for the largest share in the global Mammography market? Answer: The hospital segment accounted for the largest share in the global Mammography market.

8. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period About us Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade- off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com

9. Global Mammography Market is Expected to Witness Prolific Demand: Projected to Grow at a CAGR of 8.4% in the Forecast Period