Market Size of China Mammography Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 121.25 Million |
Market Size (2029) | USD 206.91 Million |
CAGR (2024 - 2029) | 11.24 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Mammography Market Analysis
The China Mammography Market size is estimated at USD 121.25 million in 2024, and is expected to reach USD 206.91 million by 2029, growing at a CAGR of 11.24% during the forecast period (2024-2029).
- COVID-19 significantly impacted the market studied due to the closure of clinics and diagnostic facilities, causing delays in early diagnosis that had an immediate effect on cancer patients. According to the study published in the Chinese Journal of General Surgery in February 2020, patients with breast tumors had particularly low immunity and were susceptible to the new coronavirus. The low immunity among breast cancer patients for COVID-19 led to a decrease in attendees for breast cancer screening in China. However, during the late pandemic, the market saw a surge in screening for lagging cases, and post-pandemic, the market attained pace, thereby showing significant growth over the forecast period.
- Factors such as the growing incidences of breast cancer, technological advancements in the field of breast imaging, and the investment from various organizations in breast cancer screening campaigns are boosting the growth of the market studied. Additionally, according to news published in Science and Technology Daily in March 2021, breast cancer patients in China will reach 2.5 million in 2021, of which men account for about 1%. Furthermore, data from Globocan 2020 published by the International Agency for Research on Cancer shows that there were 416,000 new instances of breast cancer in China in 2020, with a projected increase to 481,000 cases by 2040. The number of patients looking for mammograms at hospitals across China is anticipated to increase as breast cancer incidence rises, thereby accelerating market growth.
- The increase in awareness of breast cancer and access to mammography screening services is another factor contributing to the market growth. For instance, according to an announcement made in July 2021 by Shenzhen Anke High-tech Co. Ltd, a manufacturer of mammography equipment, the isolated Chinese Qinghai-Tibet plateau will have access to mammography services. Thus, it was anticipated that more people would go for breast scans at hospitals equipped with mammography equipment, thereby fuelling market growth.
- Thus, factors such as the rising incidence of breast cancer and rising initiatives from the key market players are anticipated to drive market growth. However, the risk of adverse effects from radiation exposure and lack of proper reimbursement for breast cancer screening are expected to hinder the market growth.