Mammography Market is Expected to Grow at a of CAGR of 9.4% During 2021-2027

Mammography is a medical process that examines the breast using low energy X-rays for detection of the breast cancer. The recent advances in this process such as digital mammography is supporting target market growth. The digital mammography includes computer-based detection and breast tomosynthesis.The Global Mammography Market was valued US$ 1,823.13 Mn in 2020 is expected to reach US$ 3,417 Mn by 2027, with a growing CAGR of 9.4% during the forecast period (2021-2027).

The mammography is mainly used to identify early breast cancer and also used to detect and diagnose the other breast diseases. The mammography helps to reduce the risk of breast cancer associated death hence it is preferred by many end users in case of breast cancer. The rising prevalence of breast cancer in emerging economies is a key factor accelerating the growth of the global market. For instance, according to the data published by American Cancer Society, Inc., in the year 2021, around 281,550 new cases of invasive breast cancer will be diagnosed. In addition, around 43,600 women will die in this year due to breast cancer. The breast cancer is a leading factor of death in women population. Hence, the awareness and diagnosis rate is growing year on year. This in turn expected to support growth of the global market.

North America region dominated the mammography market, accounted for more than 35.0% of the global revenue in 2020. This is owing to the high awareness among women about mammography, strong access to healthcare facilities, developed healthcare infrastructure, and presence of skilled healthcare professionals in countries in the region. In addition, high spending capacity, high income, and growing incidence of breast cancer due to various factors among the women are key factors supporting the target market growth in the region.

However, the Asia Pacific region is expected to witness the highest growth in the near future and is expected to contribute major share in the near future. This is highly associated with rising population, growing awareness, and increasing incidence of breast cancer in countries in the region. Moreover, many social groups and healthcare associations are working to educate women about the breast cancer, which is further expected to support growth of the mammography market in Asia Pacific region during the forecast period.

Key Findings:

Based on product, digital systems segment is expected to have the highest market share during the forecast period.
Based on technology, digital technology is expected to account for the major market share during the forecast period. Also, the breast tomosynthesis segment is expected to witness highest CAGR during the forecast period.
Regionally, North America region captured a significant portion of the global mammography market in 2020 and is expected to dominate the global mammography market during the forecast period.

Recent News:

In August 2020, Hologic Inc. has announced a launch of back to screening campaign in the US. This is expected to encourage women to process the mammogram which may get delayed due to covid-19 pandemic.
In September 2020, GE Healthcare has announced collaboration with Candelis Inc. to advance various capabilities of the Senographe Pristina mammography system such as the image management, improve workflow, and storage capabilities.
In January 2020, by using Pristina Serena biopsy robot, the first biopsy was performed in the guidance of angio-mammography by GE Healthcare division of Europe.

The Global Mammography Market Segmentation:

By Product Type