According to a new report published by KD Market Insights, titled, “Mammography Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global mammography market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The increasing prevalence of breast cancer advancements, in technology an understanding of the importance of early detection and the expansion of healthcare infrastructure in developing regions which are the major factors augmenting the growth of the global mammography market. The global mammography market is anticipated to grow at a high CAGR of 10.3% from 2023 to 2032. The market's revenue surged to $2.1 billion in 2022, and it is expected to further accelerate, reaching a notable $5.5 billion by 2032.
The growing occurrence of breast cancer and the increasing awareness surrounding detection and screening initiatives, are further expected to create ample growth opportunities for the global mammography market during the forecast period i.e., 2023-2032. Moreover, the advancements in technology have resulted in the development of mammography devices that offer levels of accuracy and efficiency in detecting breast cancer, has propelled market expansion. There has been an impact on the market due to the integration of intelligence (AI) into these machines. AI powered features, like automated detection and diagnosis, is expected to contribute towards the market growth during the period.
The North America region accounted for the largest share in the global mammography market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the well-established healthcare infrastructure, emphasis on early detection and screening programs for breast cancer.
According to technology, the digital mammography segment accounted for the largest market share in the mammography market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
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The global mammography market is segmented into product, technology, end-users and region. Based on product, the market is bifurcated into film screen, digital systems, analog systems, 3d systems. Based on technology, it is classified into breast tomosynthesis, CAD, digital. Based on end-users, it is classified into hospitals, specialty clinics, diagnosis centers, others.
The global mammography market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Mammography Market
· On the basis of technology, the digital mammography segment accounted for the largest market share in the mammography market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
· On the basis of region, North America accounted for the largest share in the global mammography market in 2022. The region is further projected to continue dominating in the market during the forecast period.
· On the basis of region, Europe is estimated to account for the second largest share in the market during the forecast period.
Some of the major mammography companies profiled in the report include Hologic Inc., Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, Siemens Healthcare, Toshiba Medical Systems, GE Healthcare, Metaltronica, Koninklijke Philips NV, PLANMED OY.
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