The Global Mammography Market is projected to reach $4.28 billion by 2028, from a value of $2.13 billion in 2022, by registering a CAGR of 12.3% during the forecast period. Rising prevalence of breast cancer, growing demand for early-stage diagnosis among patients, technological advancements in mammography systems, and increase in the number of government programs, and rising healthcare expenditures are the major factors propelling the growth of the market. However, risk of adverse effects from radiation exposure and high initial investment are hampering market growth. Moreover, the several changes in the lifestyles and increasing attempts by various governments and NGOs to promote awareness regarding early detection of macro-calcifications in breast tissue are creating ample opportunities across the globe.
Recent Developments
In May 2022, Volpara Health introduced updated products for its integrated platform for the delivery of personalized breast care at the SBI/ACR Breast Imaging Symposium 2022. Volpara’s AI-driven breast software tools provide mammography quality and reporting, volumetric breast density measurements, and cancer risk assessment.
In December 2021, Carestream Health announced that it had recently completed a significant company-wide business transformation. This transformation is aimed at improving service delivery and support to the medical/radiology customers of the company.
In December 2020, Hologic, Inc. announced that it had received a clearance from the U.S. Food and Drug Administration (FDA) for its Genius AI Detection technology, which is a deep learning-based software designed to help radiologists detect subtle potential cancers in breast tomosynthesis images. The announcement also stated the commercial availability of the software to help radiologists in early cancer detection.
In August 2020, RadNet, Inc., a leading company offering high quality, affordable, outpatient diagnostic imaging services collaborated with Hologic, Inc., a medical technology firm focused on improving womens health and use of AI technologies such as 3DQuorum imaging technology and next generation CAD software in breast health.
Competitive Landscape
GE Healthcare, FUJIFILM Holdings Corporation, Canon Medical Systems Corporation, Toshiba Medical Systems, Hologic Inc., Gamma Medica, Inc., Koninklijke Philips NV, Siemens Healthineers, Villa Systems Medical SpA, Carestream Health., RadNet, Inc., Konica Minolta Business Solutions India Private Limited, BMI Biomedical International SRL, Metaltronica SpA, Allengers Medical Systems Limited, BET Medical., Volpara Health, Quest Diagnostics Incorporated, Mindray Medical International Limited, IMS S.r.l are some of the major players in the global Mammography market.
