India mammography equipment market set for 12 per cent CAGR through 2033: GlobalData

Driven by increasing focus on advancing women’s health and facilitating timely breast cancer diagnosis, India’s mammography equipment market is projected to grow at a compound annual growth rate of around 12 per cent between 2023 and 2033, forecasts GlobalData

GlobalData’s report, “Mammography Equipment Market Size by Segments, Share, Regulatory and Reimbursement, Procedures and Forecast to 2033,” reveals that in terms of volume, India is the second largest market for mammography equipment in the Asia-Pacific region, accounting for around 25 per cent of the market in 2023.

Rachna Tripathi, Medical Devices Analyst, GlobalData, comments, “As women’s health becomes a more pressing issue, there is a growing demand for breast cancer screening in India, which is leading to an increase in the installed base of mammography equipment in healthcare institutions.

“However, there are significant challenges to overcome in the field of mammography despite major advancements. These include concerns with radiation safety, image quality, the need for improved mobility, cost efficiency, and accessibility. In the face of such a wide variety of challenges, it is essential to call on more innovative solutions that not only enhance efficiency and accessibility but also support cost-effectiveness.”