The Mammography market is estimated to be valued at US$ 2360.16 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Mammography is a method of breast imaging that uses low-dose x-rays to detect early signs of breast cancer. It helps in producing 2D images of breast tissue and is a crucial medical test used for screening and diagnosis of breast cancer in asymptomatic women. Mammography equipment provides high-quality images, aids timely detection of breast tumors, and improves cancer survival rates. It is widely used in hospitals and diagnostic centers for breast examinations and evaluations.
Market Dynamics:
The global mammography market is primarily driven by the increasing incidence of breast cancer across the globe. Breast cancer is the most common cancer in women worldwide and it is estimated that 2.3 million new breast cancer cases were diagnosed in 2020. Early detection improves treatment outcomes and mammography plays a crucial role in finding breast cancer at an early stage before symptoms develop. Moreover, growing awareness initiatives about breast cancer screening and regular checkups further propels the market growth. However, factors such as high costs associated with mammography equipment and procedures somewhat limit market expansion. The market is also witnessing growth opportunities owing to technologically advanced mammography systems offering enhanced image resolution, automated breast thickness measurement, tomosynthesis, and connectivity features for easier report sharing.
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