Global Mammography Market Size (2024 - 2029)

The mammography market is projected to experience significant growth over the forecast period, driven by factors such as the increasing prevalence of breast cancer, technological advancements in imaging, and investments in screening campaigns. The market's expansion is further supported by the rising number of mammography procedures, particularly in regions like the United States. Despite the initial impact of the COVID-19 pandemic, which subdued demand due to facility closures, the market has rebounded as demand for diagnostic devices has surged. However, concerns regarding radiation exposure and associated risks may pose challenges to market growth.

Market Size of Global Mammography Industry

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Mammography Market  Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.49 Billion
Market Size (2029) USD 3.87 Billion
CAGR (2024 - 2029) 9.20 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Mammography Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mammography Market Analysis

The Global Mammography Market size is estimated at USD 2.49 billion in 2024, and is expected to reach USD 3.87 billion by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).

The COVID-19 pandemic has been continuing to transform the growth of various markets, and the immediate impact of the outbreak is varied. Initially, the COVID-19 outbreak showed a strong impact on the mammography market as many hospitals and screening centers remain closed due to lockdowns, and the demand for mammography procedures is expected to be subdued in the short term. For Instance, According to an article titled ' Screening Mammography Recovery after COVID-19 pandemic facility closures: Associations of facility access and Racial and Ethnic Screening disparities' published in June 2022, mammography volumes decreased in 2019 and then increased by 61% in 2021. Thus, this is expected to have a significant impact on mammography device manufacturers, as their demand has increased significantly in post pandemic period.

Moreover, the major factors responsible for the growth of the mammography market include the growing prevalence of breast cancer, technological advancements in breast imaging, and investment from various organizations in breast cancer screening campaigns. According to a Globocan report in 2020, breast cancer was the most prevalent type of cancer, with a prevalence rate of 11.7%. According to the same report, the five-year prevalence rate for both sexes showed that Asia had the highest number of people affected at 3,218,496 (41.3%), followed by Europe at 2,138,117 (27.4%) and North America with 1.189,111 people (15.3%). Such high prevalence rates of breast cancer are one of the main reasons the demand for mammography devices is expected to increase, as they may be used for diagnostic purposes.

Furthermore, according to the Mammography Quality Standards Act (MQSA) National Statistics of the United States, as of August 2022, about 39.5 million mammography procedures as compared to 38.6 million mammography procedures by August 2021 in the United States. Therefore, the increasing number of mammography tests performed is likely to have a positive impact on the growth of the market in countries, like the United States. Hence, the aforesaid factors help in driving the growth of the market studied. Many major tech companies are using AI (artificial intelligence) models that can automatically detect breast cancer. For instance, in June 2020, Vara, a Berlin-based company raised EUR 6.5 million in Series A funding for AI-powered breast cancer screening software. These programs and technological advancements associated with mammograms are expected to boost the market growth. Additionally, In June October 2021 Avva Seva trust held a month-long breast cancer awareness campaign and screening camp for teachers in Dharwad district, India.

Also, in November 2020, Hologic Inc. and RadNet entered into a collaboration to advance the development of artificial intelligence tools in breast health. The collaboration may include data sharing, R&D, and an upgrade of RadNet's fleet of Hologic mammography systems to state-of-the-art imaging technology. Furthermore, in September 2020, GE Healthcare and Candelis Inc. entered into a collaboration to enhance mammography workflow, image management, and storage capabilities for the Senographe Pristina Mammography System. Thus, the above-mentioned factors, coupled with the changing market needs, are expected to drive market growth.

However, adverse effects from radiation exposure and risks associated with mammography are expected to pull back the market growth over the forecast period.

Mammography Industry Segmentation

As per the scope of the report, mammography refers to a standard diagnostic and screening technique that is used to screen breast tissues to check the presence of a malignant tumor. The process involves the usage of low-energy X-rays for the early detection of breast cancer. The Mammography Market is segmented by Product Type (Digital Systems, Analog Systems, Breast Tomosynthesis, And Other Product Types), End Users (Hospitals, Specialty Clinics, And Diagnostic Centers), And Geography (North America, Europe, Asia Pacific, Middle East And Africa, And South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product Type
Digital Systems
Analog Systems
Breast Tomosynthesis
Other Product Types
By End Users
Hospitals
Specialty Clinics
Diagnostic Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Mammography Market Size Summary

The mammography market is poised for significant growth, driven by the increasing prevalence of breast cancer and advancements in breast imaging technology. The market is experiencing a resurgence post-COVID-19, as the demand for mammography procedures rebounds following initial declines due to pandemic-related disruptions. The introduction of digital mammography systems, which offer superior image quality and reduced radiation exposure, is further propelling market expansion. These systems are becoming the preferred choice for screening, despite their higher costs, due to their enhanced diagnostic capabilities. The market is also witnessing a surge in investment and collaboration among major players, focusing on integrating artificial intelligence and other innovative technologies to improve breast cancer detection and screening processes.

North America holds a dominant position in the mammography market, supported by robust healthcare infrastructure and a high prevalence of breast cancer. The region is expected to maintain its leading share throughout the forecast period. The market's growth is also bolstered by product launches and campaigns aimed at encouraging breast cancer screenings, which have gained momentum as COVID-19 restrictions ease. Despite challenges such as radiation exposure concerns, the market is expected to continue its upward trajectory, driven by technological advancements and the increasing adoption of advanced mammography devices. Key players in the market are actively pursuing strategies to enhance their offerings and address the evolving needs of breast cancer screening and diagnosis.

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Global Mammography Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Burden of Breast Cancer

      2. 1.2.2 Technological Advancements in the Field of Breast Imaging

      3. 1.2.3 Investment from Various Organizations in Breast Cancer Screening Campaigns

    3. 1.3 Market Restraints

      1. 1.3.1 Risk of Adverse Effects from Radiation Exposure

      2. 1.3.2 Reduction in Reimbursement

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD Million)

    1. 2.1 By Product Type

      1. 2.1.1 Digital Systems

      2. 2.1.2 Analog Systems

      3. 2.1.3 Breast Tomosynthesis

      4. 2.1.4 Other Product Types

    2. 2.2 By End Users

      1. 2.2.1 Hospitals

      2. 2.2.2 Specialty Clinics

      3. 2.2.3 Diagnostic Centers

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Mammography Market Size FAQs

The Global Mammography Market size is expected to reach USD 2.49 billion in 2024 and grow at a CAGR of 9.20% to reach USD 3.87 billion by 2029.

In 2024, the Global Mammography Market size is expected to reach USD 2.49 billion.

Mammography Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)