Mammography Market is Estimated to Witness High Growth Owing to Technological Advancements in Breast Cancer Detection
The mammography market involves imaging of the breasts conducted through low-dose x-rays to detect early signs of breast cancer in asymptomatic women. Mammography aids in the early detection of breast cancer as it can identify tiny abnormalities within the breast years before a woman can feel them. It helps in identifying breast cancers at the earliest, smallest and most treatable stages.
The global mammography market is estimated to be valued at USD 2.60 Bn in 2024 and is expected to reach USD 5.14 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Key Takeaways
Key players operating in the mammography market include GTL (Global Tel*Link Corporation), BI Incorporated (a subsidiary of GEO Group), Corrisoft, SuperCom Ltd., Spillman Technologies (a Motorola 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).
The key opportunities in Mammography Market Size include rising awareness regarding early detection of breast cancer, increasing government initiatives for screening programs, growing geriatric population and the subsequent rise in cancer incidence rates. Additionally, developing economies represent huge market potential for mammography systems due to growing healthcare investments in these countries.
Technological advancements are also fueling the mammography market growth. Some of the recent developments involve digital mammography systems, breast tomosynthesis, contrast-enhanced spectral mammography, automated whole-breast ultrasound and artificial intelligence integration. These new technologies provide more precise diagnosis and reduce false positive/false negative rates compared to conventional mammography.
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