[Research Report] The mammography systems market size is expected to grow from US$ 2,172.8 million in 2019 to US$ 3,790.5 million by 2027; it is estimated to grow at a CAGR of 7.4% from 2020 to 2027.
Analyst’s ViewPoint
The mammography system aims to support compliance regulations across geographies. Once adopted, it provides a comprehensive knowledge-rich environment that enables early detection of breast cancer. The mammography system market analysis include driving factors such as rising prevalence of breast cancer and rising demand for early-stage diagnosis is one of the most impacting factors responsible for influential growth of mammography systems market. Government support with Medicaid coverage for breast cancer screening further accelerates demand for mammography systems thereby enhancing the overall market growth during the forecast period. Further, continuous technological advancement acts as a future trend for the market to grow during 2023-2028. According to the segmentation profiled in the report, based on product segment, full-field digital mammography systems accounts the highest share and based on technology, 2D mammography systems dominate the market recording maximum share. Furthermore, by end user, hospitals segment will account considerable share for the mammography systems will dominate the market growth during the forecast period.
A mammography system is an X-ray equipment utilized exclusively for breast imaging. The mammography system is a leading modality for the early detection of breast cancer and is capable of detecting changes in breast tissues up to two years before it is palpable. Screening mammography is a specific type of breast imaging that uses low-dose X-rays to detect cancer early before women experience symptoms. Three recent advances in mammography systems involve digital mammography, computer-aided detection, and breast tomosynthesis. Digital mammography, also known as full-field digital mammography (FFDM), is a mammography system where the X-ray film is replaced by electronics that convert X-rays into mammographic pictures of the breast, and these systems produce images similar to those found in digital cameras with their efficient enabling better pictures with a low radiation dose. Moreover, computer-aided detection (CAD) systems is capable of detecting abnormal areas through mammographic images that may indicate the presence of breast cancer.
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Mammography Systems Market: Strategic Insights
Market Size Value in US$ 2,172.8 million in 2019 Market Size Value by US$ 3,790.5 million by 2027 Growth rate CAGR of 7.4% from 2020 to 2027 Forecast Period 2020-2027 Base Year 2020
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Mammography Systems Market: Strategic Insights
| Market Size Value in | US$ 2,172.8 million in 2019 |
| Market Size Value by | US$ 3,790.5 million by 2027 |
| Growth rate | CAGR of 7.4% from 2020 to 2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Market Insights
Rising Prevalence of Breast Cancer and Rising Demand for Early-Stage Diagnosis
According to the Breastcancer.org 2023 report, currently, breast cancer is the most common cancer, accounting for 13% (about 1 in 8 cases) of US women developing invasive breast cancer. For records, in January 2022, there were more than 3.8 million women having a history of breast cancer in the US alone (involving women being treated and women who have finished treatment). To overcome such high prevalence, breast cancer screening aims to detect cancer before the symptoms appear, reducing mortality through early intervention. For example, mammographic systems are the commonly used screening modality to detect tumors before they appear palpable and invasive. Computer-aided design (CAD) is one such technology that offers lucrative outcomes, ultimately reducing radiologists' detection errors and increasing cancer detection at an early stage, resulting in breast cancer survival rate. Moreover, digital mammography increased the detection of some types of cancers compared to others. For example, digital mammography significantly increased the detection of ductal carcinoma in situ (DCIS), an early-stage cancer associated with breast milk ducts. Such effective clinical results by digital mammography confirm that the system is superior to screen film mammography in detecting invasive cancers and DCIS. Such aforementioned factors are responsible for influential mammography systems market growth during the forecast period.
Lucrative Regions for Mammography Systems Market
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Product Insights
Based on product, the mammography systems market is segmented as full-field digital mammography systems, breast tomosynthesis systems, and analog systems. The full-field digital mammography systems segment held the largest market share in 2019. Full-field digital mammography (FFDM) is a mammography system where X-ray film is replaced by solid-state detectors that convert X-rays into electrical signals. These electrical signals are effective in producing images of the breasts that can be viewed on a computer screen or printed on special film similar to conventional mammograms. Further, the digital image produced by digital mammography can be manipulated in several ways that improve resolution and contrast, and such images improve interpretation, making it easier to view dense breast tissues and small tumors, thereby eliminating the need for any additional follow-up imaging.
Technology Insights
Based on technology, the global mammography systems market is segregated as 2D mammographs, 3D mammographs, and screen film. The 2D mammograph segment accounted largest market share in 2019. Moreover, the 3D mammograph segment is expected to grow at the highest CAGR during the forecast period.
End User Insights
In terms of end user, the mammography systems market is categorized into hospitals, ambulatory surgical centers, and others. The hospital segment accounts the largest mammography systems market share in 2019. With breast cancer diagnostic technology advancements, many breast centers offer two options. These involve 2D and 3D mammograms. However, 2D mammograms are widely utilized as it uses a low-dose X-ray that examines the breast and captures the images of each breast from the front and the side to create a single image of each breast. Such images show areas of overlapping breast tissue on the images effective for early-detection of breast cancer. Such aforementioned factors are responsible for segmental growth thereby dominating the market for mammography systems during the forecast period.
Mammography systems Market, by Product – 2019 and 2027
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Regional Analysis
North America dominated the mammography systems market accounting maximum share of 35.72% in 2019. The market growth in this region is attributed due to high adoption of digital breast tomosynthesis and presence of large players launching innovative product launches particularly mammography systems, growing product introduction in the region. Among North America region, the US records maximum share of 60.0% in 2019 for the mammography systems market. In the US, since the approval of DBT by the US Food & Drug Administration (USFDA), it has been widely adopted at breast cancer detection centers. For instance, in September 2022, 84% of all mammographic screening facilities in the US comprised DBT units. Likewise, product innovation in mammography systems further dominates the overall market growth. For instance, in November 2019, Hologic, Inc. announced the launching of a new product, "3DQuorum," Imaging Technology powered by Genius AI. the 3D Quorum technology works with high-resolution imaging technology that reduces tomosynthesis image volume for radiologists by 66%. Further, favorable reimbursement policies accelerate the adoption of mammography systems resulting in a large pool for breast cancer screening in the US. As per the KFF 2023 report, breast cancer is the most commonly diagnosed cancer and the second leading cause of cancer deaths in the US. To overcome the prevalence of breast cancer cases among women in the US, The Affordable Care Act (ACA) and many state laws have provisions that have coverage for most women with private insurance, Medicaid, and Medicare for breast cancer screening services.
Asia Pacific will account highest CAGR of 7.5% for the mammography system market during the forecast period. Among the Asia Pacific region, China will account for the largest share of 30.5% in 2019 for the mammography system market. According to the Frontiers S.A. report, there is a high incidence of breast cancer in China that has increased by 3-5% annually for the past twenty years and is twice as faster as the global rate. To overcome such a high burden of breast cancer in China, the Chinese Government announced the launching of a series of projects on cancer screening and prevention. Cervical and breast cancer screening are the major successful cancer screening programs run in rural areas of China. Such high government support and a large pool of government-run breast cancer screening programs result in dominating the market growth during the forecast period.
The report comprises leading players operating in the global mammography systems market. These involve Siemens Healthineers, Carestream Health, General Electric, Hologic, Inc., Koninklijke Philips N.V., PLANMED OY, Fujifilm Corporation, Canon Medical Systems, Metaltronica S.p.A., IMS Giotto S.p.A.
- In March 2021, Siemens Healthineers announced a new software launch, "Mammovista B.smart," that accelerates the entire reading workflow for breast imaging. Mammovista B. smart was developed from scratch that supports maximum reading performance across multiple imaging modalities.
- In January 2023, Carestream Health, Inc. announced a new "EHR-M3 Screen" for CR mammography imaging system featuring reduced noise and a higher detector quantum efficiency (DQE) for improved image quality. This new screen will replace the previous screen used with DIRECTVIEW CR Mammography Systems, which are equipped with the company's mammography feature. This new feature mammography software is now available in Canada, Europe, South America, Australia, Asia, and other regions of the world.
Company Profiles
- Siemens Healthineers
- Carestream Health
- General Electric
- Hologic, Inc.
- Koninklijke Philips N.V.
- PLANMED OY
- Fujifilm Corporation
- Canon Medical Systems
- Metaltronica S.p.A.
- IMS Giotto S.p.A
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Technology, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Mammography systems are specific type of x-ray imaging systems which are particularly used for breast imaging. The systems are used for early detection and analysis of breast cancer. Furthermore, mammography can help to avoid unnecessary biopsies and additional tests. In addition, the systems also provides clear images of abnormalities in breast.
The mammography systems market majorly consists of the players such as Carestream Health Inc., General Electric Company, Hologic, Inc., Koninklijke Philips N.V., PLANMED OY, Fujifilm Corporation, IMS GIOTTO S.P.A., Canon Medical Systems, Siemens Healthineers AG, Metaltronica S.p.A. amongst others.
The factors that are driving growth of the market are growing breast cancer prevalence and increasing public–private investments, grants, and funds. Moreover, breast cancer screening programs to boost mammography systems are offering lucrative opportunities for the growth of the market.
The List of Companies - Mammography Systems Market
- Carestream Health Inc.
- General Electric Company
- Hologic, Inc.
- Koninklijke Philips N.V.
- PLANMED OY
- Fujifilm Corporation
- IMS GIOTTO S.P.A.
- Canon Medical Systems
- Siemens Healthineers AG
- Metaltronica S.p.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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