Global Mammography Market
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
- Published Date: August 2021
- Report ID: BWC2156
- Available Format: PDF
- Page: 193
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.
Global Mammography Market- Industry Trends & Forecast Report 2027
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.
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.
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 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.
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 |
Years Considered | Historical data – 2017-2020 |
Base Year – 2020 | |
Forecast – 2021 – 2027 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product Service/Segmentation | By Type, By End-User, By Region |
Key Players | 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. |
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
- Research Framework
- Research Objective
- Product Overview
- Key Market Segments
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Market Drivers
- Increasing Prevalence of Breast Cancer
- Technological Advancements in Mammography
- Market Restraints
- High Cost of Mammography System
- Market Challenges
- Negative Influence of the COVID-19 Outbreak
- Market Opportunity
- Rising Awareness Towards Early Diagnosis OfBreast Cancer
- Favorable Reimbursement Policies in The Developed Countries
- Market Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- Global Mammography Market Overview
- Market Size & Forecast by Value, 2017-2027
- Market Size and Forecast, By Segment
- 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
- By Type
- North America Mammography Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By End-User
- By Country
- U.S.
- Canada
- Market Size and Forecast
- Europe Mammography Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By End User
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Market Size and Forecast
- APAC Mammography Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By End User
- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
- Market Size and Forecast
- LATAM Mammography Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By End User
- By Country
- Mexico
- Brazil
- Rest of LATAM
- Market Size and Forecast
- MEA Mammography Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2020-2027
- Market Share and Forecast
- By Type
- By End User
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Europe
- Market Size and Forecast
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis (2020)
- Competitive Benchmarking By Operating Parameters
- Impact of COVID-19 on Global Mammography Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 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
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1: Global Mammography Market Segmentation
Figure 2: Global Mammography Market Value Chain Analysis,
Figure 3: Company Market Share Analysis, 2020
Figure 4: Global Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 5: Global Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 6: Global Mammography Market Share (%), By End User, By Value, 2017-2027
Figure 7: Global Mammography Market Share (%), By Country, By Value, 2017-2027
Figure 8: North America Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 9: North America Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 10: North America Mammography Market Share (%), By End User, By Value, 2017-2027
Figure 11: North America Mammography Market Share (%), By Country, By Value, 2017-2027
Figure 12: Europe Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 13: Europe Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 14: Europe Mammography Market Share (%), By End-User, By Value, 2017-2027
Figure 15: Europe Mammography Market Share (%), By Country, By Value, 2017-2027
Figure 16: the Asia-Pacific Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 17: the Asia-Pacific Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 18: the Asia-Pacific Mammography Market Share (%), By End User, By Value, 2017-2027
Figure 19: Asia-Pacific Mammography Market Share (%), By Country, By Value, 2017-2027
Figure 20: Latin America Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 21: Latin America Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 22: Latin America Mammography Market Share (%), By End-User, By Value, 2017-2027
Figure 23: Latin America Mammography Market Share (%), By Country, By Value, 2017-2027
Figure 24: Middle East & Africa Mammography Market Size, By Value (USD Billion), 2017-2027
Figure 25: Middle East & Africa Mammography Market Share (%), By Type, By Value, 2017-2027
Figure 26: Middle East & Africa Mammography Market Share (%), By End User, By Value, 2017-2027
Figure 27: Middle East & Africa Mammography Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table 1: Global Mammography Market Size, By Type, By Value, 2017-2027
Table 2: Global Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 3: Global Mammography Market Size, By Region, By Value (USD Billion), 2017-2027
Table 4: North America Mammography Market Size, By Type, By Value (USD Billion), 2017-2027
Table 5: North America Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 6: North America Mammography Market Size, By Country, By Value (USD Billion), 2017-2027
Table 7: Europe Mammography Market Size, By Type, By Value (USD Billion), 2017-2027
Table 8: Europe Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 9: Europe Mammography Market Size, By Country, By Value (USD Billion), 2017-2027
Table 10: the Asia-Pacific Mammography Market Size, By Type, By Value (USD Billion), 2017-2027
Table 11: the Asia-Pacific Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 12: the Asia-Pacific Mammography Market Size, By Country, By Value (USD Billion), 2017-2027
Table 13: Latin America Mammography Market Size, By Type, By Value (USD Billion), 2017-2027
Table 14: Latin America Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 15: Latin America Mammography Market Size, By Country, By Value (USD Billion), 2017-2027
Table 16: The Middle-East & Africa Mammography Market Size, By Type, By Value (USD Billion), 2017-2027
Table 17: The Middle-East & Africa Mammography Market Size, By End User, By Value (USD Billion), 2017-2027
Table 18: The Middle-East & Africa Mammography Market Size, By Country, By Value (USD Billion), 2017-2027
Table 19: Quest Diagnostics Incorporated Financial Analysis
Table 20: Quest Diagnostics Incorporated Business Overview
Table 21: Fujifilm Holdings Corporation Financial Analysis
Table 22: Fujifilm Holdings CorporationBusiness Overview
Table 23: Mindray Medical International Limited CorporationFinancial Analysis
Table 24: Mindray Medical International Limited Corporation Business Overview
Table 25: GE HealthcareFinancial Analysis
Table 26: GE HealthcareBusiness Overview
Table 27: Toshiba Medical SystemsFinancial Analysis
Table 28: Toshiba Medical SystemsBusiness Overview
Table 29: Hologic Inc. Financial Analysis
Table 30: Hologic Inc. Business Overview
Table 31: Canon Medical Systems Corporation Financial Analysis
Table 32: Canon Medical Systems Corporation Business Overview
Table 33: General Medical Merate S.P.A. Financial Analysis
Table 34:General Medical Merate S.P.A. Business Overview
Table 35: Carestream HealthFinancial Analysis
Table 36: Carestream HealthBusiness Overview
Table 37: Koninklijke Philips NVFinancial Analysis
Table 38: Koninklijke Philips NV Business Overview
Table 39: Siemens HealthineersFinancial Analysis
Table 40: Siemens Healthineers Financial Analysis
Table 41: Planmed Oy Financial Analysis
Table 42: Planmed Oy Business Overview
Table 43:Konica Minolta Inc.Financial Analysis
Table 44:Konica Minolta Inc. Business Overview
Table 45:MetaltronicaSpAFinancial Analysis
Table 46:MetaltronicaSpABusiness Overview
Table 47:I.M.S. SRLFinancial Analysis
Table 48:I.M.S. SRLBusiness Overview
Table 49:Delphinus Medical Technologies, Inc.Financial Analysis
Table 50:Delphinus Medical Technologies, Inc.Business Overview
Table 51:Analogic CorporationFinancial Analysis
Table 52:Analogic CorporationBusiness Overview
Table 53:Aurora Imaging Technology, Inc.Financial Analysis
Table 54:Aurora Imaging Technology, Inc.Business Overview
Table 55:Micrima Limited,Financial Analysis
Table 56:Micrima Limited,Business Overview
Market Segmentation
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
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