Mammography Market to Reach Valuation of USD 3.2 Billion by 2028 – Expanding Healthcare Infrastructure are Likely to Fuel Overall Growth Drives the Market

In terms of revenue, the Global Mammography Market is expected to reach USD 3.2 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 10.00% from 2022 to 2028.

Low-energy ionizing radiation sources, such as X-rays, are used in Mammography systems to find cancer that hasn't yet been diagnosed. The aging population, proactive efforts by healthcare institutions to increase public awareness about breast cancer early detection, and an increase in the incidence rate of breast cancer are anticipated to propel market expansion. The demand for Mammography equipment is also fuelled by improved insurance reimbursement rules, greater government financing for breast cancer research, and technological developments like breast tomosynthesis, making detecting breast cancer in women with dense breast tissues easier. However, risks associated with radiation exposure and the production of false positives or negatives are anticipated to restrain market expansion.

Key Highlights from Report:

• The market's largest revenue share in 2021 belonged to the sector of Digital Systems, and it is anticipated that this segment will expand significantly over the coming years. One of the key reasons anticipated to propel the expansion is the rising need for technologically advanced breast cancer screening systems. A rise in demand for the 3D System was caused by government-issued Acts, such as the Medical Imaging Modernization Act of 2015, intended to foster technological breakthroughs.
• The Digital MammographyTechnology segment had the greatest revenue share in 2021. Due to the many benefits of the technology, digital Mammography is a specialized and advanced form of Mammography instead of using X-ray films to analyze breast tissue for the presence of malignancies.
• The Asia Pacific region is expected to dominate the market in 2021. One of the key reasons fuelling the market expansion in North America is the increased incidence of breast cancer. Many businesses have started to launch programs to support breast cancer screenings. The main growth drivers include the rising incidence of breast cancer, significant Research and Development (R&D) expenditures on breast cancer treatments, and advancements in breast imaging technologies.

Market Dynamics:

Mammography is nothing more than an X-ray image of a woman's breast. Breast cancer and other conditions related to the breast can more easily be found thanks to Mammography. These tests are used to detect and diagnose breast cancer in female patients. One of the main reasons projected to propel the demand for breast cancer diagnostic equipment during the forecast period is the rising prevalence of breast cancer and the rising demand among patients for early-stage diagnosis. Key elements that fuel market growth includes expanding government initiatives to assist clinical interpretation and increased access to breast cancer screening systems.

North America has historically dominated the global market for Mammography equipment. Due to increased rates of breast cancer, rising disposable income, bettering healthcare infrastructure, and expanding government support, The earlier adoption of cutting-edge medical technology here than everywhere else in the globe and the rising incidence of breast cancer among women. The U.S. has the highest volume of mammograms in the region due to advancements in this medical imaging technology and advantageous payment regulations.

The Global Mammography Market is Segmented as follows:

• Product
  • Film Screen Systems
  • Digital Systems
  • Analog Systems
  • Biopsy Systems
  • 3D Systems
• Technology
  • Breast Tomosynthesis
  • Computer Aided Detection (CAD)
  • Digital
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Mammography Market is:

Hologic Inc., Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, Siemens Healthcare, Toshiba Medical Systems, GE Healthcare, Metaltronica, Koninklijke Philips NV, PLANMED OY

The Global Mammography Market Scope can be Tabulated as below: