The global mammography equipment market size is expected to reach USD 5.63 billion by 2028, registering a CAGR of 10.6% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising prevalence of breast cancer and growing awareness about significance of early detection of breast cancer. In addition, increasing risk of breast cancer among women due to unhealthy lifestyle is expected to boost demand for breast cancer imaging tools.

Patients are exposed to a certain amount of radiation during mammography, which helps to protect them from harmful radiation side effects. Mammography is used to detect breast cancer and tumours. It can also help understand normal and abnormal breast structures. A screening test is used when there are no signs of breast cancer or tumour, while a diagnostic test is used to assess the cause of specific symptoms. These tests help with disease diagnosis, prevention, and even cure.

Breast cancer is the most common cancer in American women, according to the American Cancer Society (ACS). In the US, a woman's lifetime risk of contracting breast cancer is about 12%, and her risk of dying from breast cancer is about 2.6 percent. In addition, patients experience better results and have high chances of cure on early detection of cancer., which has boosted the mammography equipment market.

Technological advancements in digital radiography, such as breast tomosynthesis and contrast-enhanced mammography, as well as increased use of 3D mammography are key factors propelling the revenue growth of the global mammography equipment market.

The relatively high cost of mammography equipment, however, is expected to restrain revenue growth to a certain extent.. In countries where healthcare infrastructure is still emerging, technologically advanced mammography equipment is not readily accessible. This along with high cost of mammography equipment and slow progress in cancer detection is expected to limit market growth.

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Market Dynamics:

Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.

Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2028.

Competitive Outlook:

The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on R&D activities to expand their product offerings and cater to unmet medical needs.

This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.

Top companies operating in the market and profiled in the report include:

Hologic, Inc., GE Healthcare, Analogic Corporation, Fujifilm Holdings Corporation, Siemens Healthcare and Philips Healthcare.

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The report segments the Mammography Equipment market on the basis of product types, applications, end-use industries, and regions among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.

Mammography Equipment Market Segmentation:

Technology Outlook (Revenue, USD Billion; 2018 – 2028)

  • Screen Film
  • 2D Mammography
  • 3D Mammography

Product Outlook (Revenue, USD Billion; 2018 – 2028)

  • Analog Systems
  • Full Field Full Digital Mammography Systems (FFDM)
  • Breast Tomosynthesis System

End User Outlook (Revenue, USD Billion; 2018 – 2028)

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

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Regional Analysis covers:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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