New Delhi, July 15, 2022 (GLOBE NEWSWIRE) — The growth of the global mammography market can be attributed to the increasing prevalence of breast cancer. Due to the high mortality rate, it has become more important than ever to diagnose patients for breast cancer, which has led to a spike in the demand for mammography devices…
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global mammography market was worth USD 1.9 billion in the year 2020. The data yielded by the report further reveals that the market is estimated to grow at a CAGR of 8.4%, earning revenue of around USD 3.3 billion by the end of 2027. The growth of the mammography market can be attributed to the increasing prevalence of breast cancer and other breast conditions like lumps, nipple discharge, etc., among women. Moreover, due to the high mortality rate, it has become more important than ever to diagnose patients for breast cancer, which has led to a spike in the demand for mammography devices. However, the high price of mammography systems may limit the growth of the mammography market, especially in developing and low-income countries.
The Mammography Market is Projected to Grow as Early Detection of Breast Cancer Gains Prominence.
One of the primary factors driving the global mammography market is the increasing prevalence of breast cancer and the rising awareness regarding the importance of early diagnosis of this chronic…
