Mammography is a medical imaging technique used in the early detection and diagnosis of breast cancer. It can reduce deaths due to breast cancer by detecting tumors early before they become large enough to be palpable. Mammography uses low-dose X-rays of the breast to detect tumors that are nonpalpable or too small to detect by a clinical breast exam. The mammography machine compresses the breast and uses only about 1/1000th the radiation of a normal chest x-ray. The global Mammography Market is estimated to be valued at US$2360.16 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Digital technologies are playing a major role in driving growth in the mammography market. Technologies such as digital breast tomosynthesis (DBT), also known as 3D mammography, uses multiple low-dose X-ray images taken from different angles around the breast to create a 3D image. This helps radiologists detect more invasive cancers that regular 2D mammograms sometimes miss. Another emerging technology is artificial intelligence (AI) which uses deep learning algorithms to analyze mammograms and can act as a "second reader" by flagging areas that may need closer review. AI tools have shown potential to improve both radiologist performance and mammography screening outcomes. The integration of digital technologies is therefore improving the accuracy of mammography in breast cancer detection and is a key trend accelerating growth in the market over the forecast period.
Segment Analysis
The global mammography market is dominated by the analog mammography segment. Analog mammography accounts for over 60% of the market share as they are more affordable compared to digital mammography systems and are suitable for screening purposes in regions with limited healthcare infrastructure and budgets. However, the digital mammography segment is expected to witness higher growth during the forecast period. Digital mammography offers improved detection of breast cancers especially in dense breasts and allows electronic image transfer for remote interpretation.
Key Takeaways
The Global Mammography Market Share is expected to witness high growth.
Regional analysis: North America currently dominates the mammography market driven by mandatory breast cancer screening guidelines and availability of reimbursement. However, Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising healthcare infrastructure, growing awareness regarding early detection of breast cancer, and increasing focus of global players on expanding presence in emerging Asia Pacific countries.
Key players: Key players operating in the mammography market are GTL (Global Tel*Link Corporation), BI Incorporated (a subsidiary of GEO Group), Corrisoft, SuperCom Ltd., Spillman Technologies (a Motorota Solutions company), Tribridge (now DXC Technology), Appriss Inc., Northpointe Inc. (a subsidiary of Constellation Software), Tyler Technologies Inc., Capita PLC, IBM Corporation, Encartele Inc., Telmate LLC (a subsidiary of GTL), Keefe Group (a subsidiary of TKC Holdings Inc.), Securus Technologies Inc. (now part of Aventiv Technologies).
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https://www.newsstatix.com/mammography-market-size-share-growth-outlook-2023/
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