The mammography devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mammography Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Mammography Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mammography Devices Market Overview
Market Drivers –
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.
Market Trends –
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.
The mammography devices market covered in this report is segmented –
1) By Device Type: Analog, Digital, Other Device Types
2) By Modality: Portable Mammography Systems, Non-Portable Mammography Systems
3) By End User: Hospitals, Specialty Clinics, Diagnostic Centers
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Regional Insights –
North America was the largest region in the mammography devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mammography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mammography devices market are 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.
Table of Contents
1. Executive Summary
2. Mammography Devices Market Report Structure
3. Mammography Devices Market Trends And Strategies
4. Mammography Devices Market – Macro Economic Scenario
5. Mammography Devices Market Size And Growth
…..
27. Mammography Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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