The global mammography market size is expected to reach USD 6,369.08 million by 2032, according to a new study by Polaris Market Research. The report “Mammography Market Share, Size, Trends, Industry Analysis Report, By Modality (Multimodal, Standalone); By Application; By End Use; By Region, And Segment Forecasts, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Mammography is an X-ray photograph of the female breast, crucial in detecting breast cancer and other related diseases. It is a valuable tool for screening and diagnosing breast cancer in women. The mammography market is anticipated to experience significant growth due to various factors, such as an increase in the geriatric population, proactive initiatives by healthcare organizations to raise awareness about early breast cancer detection, and a rise in the incidence rate of breast cancer.
Additionally, the demand for mammography systems is driven by improved reimbursement insurance policies, increased government funding for breast cancer research, and technological advancements. One notable advancement is breast tomosynthesis, which aids in detecting breast cancer in women with dense breast tissues. Despite these positive factors, certain challenges may hinder market growth. These challenges include the potential risks associated with radiation exposure and the occurrence of false positive or false negative results.
The growth of the mammography market can be attributed to several key factors. Firstly, there is a significant increase in the prevalence of breast cancer, which has propelled the demand for mammography services. Secondly, there have been notable technological advancements in breast imaging techniques, improving the accuracy and efficiency of mammography screenings. These advancements have contributed to early detection and better treatment outcomes for breast cancer patients. Additionally, various organizations have invested in breast cancer screening campaigns, raising awareness and promoting regular mammography screenings among women. This concerted effort has played a crucial role in driving the growth of the mammography market. Supporting this, a report from Globocan in 2020 highlighted that breast cancer had the highest prevalence rate among all types of cancer, standing at 11.7%.
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The ongoing COVID-19 pandemic has impacted the growth of various markets, and the immediate effects have been diverse. The outbreak initially strongly affected the mammography market, as many hospitals and screening centers were forced to close due to lockdown measures. Consequently, the demand for mammography procedures will remain subdued in the short term. The surge in demand for mammography procedures post-pandemic is likely to have a substantial impact on manufacturers of mammography devices, as their products are in high demand.
Mammography Market Report Highlights
Polaris Market Research has segmented mammography market report based on modality, application, end-use, and region:
Mammography, Modality Outlook (Revenue - USD Million, 2019-2032)
Mammography, Application Outlook (Revenue - USD Million, 2019-2032)
Mammography, End-Use Outlook (Revenue - USD Million, 2019-2032)
Mammography, Regional Outlook (Revenue - USD Million, 2019-2032)