Mammography refers to a test that detects the early symptoms of breast cancer and other breast-related diseases. Mammography is a standard screening method for breast cancer commonly adopted in countries around the world. According to the World Bank, 1 in every 8 women is a breast cancer patient. Risk factors related to breast cancer, such as increased use of hormone replacement therapy, genetic factors, childbirth, and poor lifestyle, have greatly promoted the popularity of breast cancer imaging, and are expected to affect the demand for mammography in the global market.
Mammography tests are highly recommended for the detection of unsuspected cancer as it involves the use of low-energy ionizing radiation. Government across the world, along with the World Health Organization, is creating awareness for breast cancer through different online and offline campaigns to reduce the risk of developing breast cancer. There are various medical schemes offered to women for screening any early symptoms of breast cancer.
Global Mammography Market projected to grow with a significant CAGR over the forecast period, 2020-2027. The rising prevalence of breast cancer across the globe, coupled with technological advancements in the field of breast imaging, will drive the global mammography market in future periods. According to the American Institute of cancer research, consumption of alcoholic drinks, greater body fatness, adult weight gain, and adult attained height are the cause of premenopausal breast cancer. Almost 50% of breast cancer has caused 58% death in less developed countries. Therefore, when it comes to breast imaging, mammography is currently the undisputed option and considered as the main screening method for breast cancer, other breast imaging methods, such as MRI and ultrasound, have a relatively small market share.
Additionally, women with more than the age of 40 are at high risk of breast cancer owing to the hormonal misbalance, menopausal hormonal risk, and rising geriatric population, and an increase in consumption of alcohol is likely to drive the mammography market in the forecast years. Digital Mammography is the advance technology that uses digital receptors rather than x-ray films to detect the tumors in the breast.
Moreover, with increasing government scheme for funding better technology to detect early cancer and reimbursement of insurance policies and creating awareness for early breast cancer detection coupled with the availability of free breast screening programs will accelerate market growth. The increasing incidence of invasive breast cancer across the globe will stimulate the mammography systems industry demand in the upcoming years.
Technological advances in mammography systems will provide profitable opportunities for industry expansion. Further, the use of synthetic 2D technology and digital mammography technology to reduce mortality and effectively to detect cancer in dense breast tissue will increase customer preference for advanced mammography systems. Subsequent image processing solutions to help breast imaging will affect the size of the industry.
The government around the globe has taken various initiatives to promote breast cancer awareness by running special advertisement campaign to make people aware of the early symptoms of breast cancer. Along with it, various funding provided to hospitals for the adoption of advanced technology machines that are high in cost and coupled with different cancer organizations that are coming forward to the cause and treating cancer at minimal or free of cost.
Based on Product, the global mammography market classified into Digital Systems, Analog Systems, Breast Tomosynthesis, Film Screen Systems, and Other Product Types. Analog mammography expected to dominate the market in the forecast period. Analog type mammography will remain considered as a golden option for early detection of breast cancer as it shows X-ray images on printed films. In contrast, breast tomosynthesis expected to rise in the future as well. Due to its early detection of breast cancer with no symptoms as this type of mammography tool show pictures in 3D and takes multiple images within seconds.
Based on technology, the global mammography market categorized into 2-D Mammography, 3-D Mammography, and Combined 2-D and 3-D Mammography. 2D mammography systems segment accounted for larger revenue share and expected to boost the demand in the forecast period as well. 2D mammography systems offer improved outcomes and more precise images than screen-film technology. Additionally, it reduces the exposure time and amount of radiation than screen-film technology and provides high-quality images with better positioning. This technology is more cost-effective than screen-film technology due to reduced recall rates. Moreover, 2D technology is used in full-field mammography and breast tomosynthesis machines, thereby driving the segmental growth over the projected years.
Based on End-users, global mammography classified into Hospitals, Specialty Clinics, and Diagnostic Centers. Diagnostic centers have dominated the mammography market due to the high investment required for the installation of advanced technology machines that can easily detect the tumor in the breast or any other breast-related disease. Moreover, increasing disposable income of the people started demanding advance machines for early treatment of breast cancer.
Based on geography, the global mammography market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is going to capture a significant share in the mammography market. Owing to the increasing awareness of breast cancer among people, increasing disposable income, improving healthcare facilities, and increasing prevalence of breast case cancer has fueled the demand for mammography market in forecast years as well.
Companies such as Analogic Corporation, Carestream Health, Fujifilm Holdings Corporation, General Electric Company, Hologic, Inc., Konica Minolta, Inc., Koninklijke Philips N.V., PLANMED OY, Siemens AG, Toshiba Medical Systems Corporation and others are the prominent players in the global mammography market.