Mammography Market is expected to display a steady growth of 8% due to the rise in research and development activities| UnivDatos Market Insights
NOIDA, India, March 2, 2023 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, the Mammography Market was valued at more than USD 2 billion in 2020 and is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Product (Film Screen Systems, Digital Systems, Analog Systems, and 3D Systems); Technology Outlook (Breast Tomosynthesis, CAD Mammography, and Digital Mammography); Modality (Portable and Non-Portable); End-Use (Hospitals, Specialty Clinics, Diagnostic Centers, Ambulatory Surgical Centers, and Educational & Research Institutes); and Region.
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The mammography market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the mammography market. The mammography market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the mammography market at the global and regional levels.
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The mammography market is growing at high rates due to the rise in the geriatric population, the surge in the prevalence of breast cancer. For instance, breast cancer is 1.7 times more common in women over 65 than in women 45 to 64 years old, and 10 times more common in women under 45. Similarly, as per a research article published in the NCBI, breast cancer incidence rises with age, from 1.5 occurrences per 100,000 in women 20 to 24 years old to 421.3 cases per 100,000 in women 75 to 79 years old, with 95% of new cases occurring in women aged 40 and above. Apart from this, the rising government initiatives to promote breast cancer awareness is also having a positive impact on the market's growth. For example, in October 2021, the Goa government launched ''Swasth Mahila, Swasth Goa', an initiative for free breast cancer screening for 1 lakh women. In November 2021, Greater Chennai Corporation launched initiatives to raise awareness regarding breast cancer.