Market Size of Spain Mammography Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 62.40 Million |
| Market Size (2029) | USD 92.18 Million |
| CAGR (2024 - 2029) | 8.12 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Mammography Market Analysis
The Spain Mammography Market size is estimated at USD 62.40 million in 2024, and is expected to reach USD 92.18 million by 2029, growing at a CAGR of 8.12% during the forecast period (2024-2029).
- COVID-19 had an adverse effect on market growth during the initial phase of the pandemic. According to the study published in eLife in June 2022, there has been a huge reduction in breast cancer screening during the pandemic, especially in previous participants and newcomers. Furthermore, according to the study published in Cancer Journal in June 2021, breast cancer patients were the highest number of patients lost from diagnosis during the pandemic. Therefore, the impact of COVID-19 on breast screening attendance has led to a decline in the market growth initially. However, the market has attained its pace post-pandemic and is anticipated to grow significantly over the forecast period.
- The factors driving the market growth include the growing burden of breast cancer, technological advancements in the field of breast imaging, and investment from various organizations in breast cancer screening campaigns, among others.
- According to the Spanish Network of Cancer Registries in November 2022, the incidence of breast cancer in women in Spain was found to be 34,750 in 2022, with an increase of 0.9% each year. Therefore, the rising incidence of breast cancer in Spain is anticipated to increase the demand for breast cancer diagnosis, driving market growth. Furthermore, the rising benefits of early detection of breast cancer in women with risk-based cancer screening are anticipated to propel the market growth. For instance, according to the study published in PLOS ONE in February 2022, the increasing benefits of risk-based breast cancer screening have led to increased adoption of mammography.
- Therefore, the rising incidence and increasing benefits of early detection of breast cancers are anticipated to drive market growth. However, the risk of adverse effects from radiation exposure and lack of proper reimbursement for breast cancer diagnosis are expected to hinder the market growth.
