Market Size of Canada Mammography Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.06 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Canada Mammography Market Analysis
The Canadian mammography market size is estimated at USD 89.24 million in the current year. The market size is expected to reach USD 131.48 million in 5 years registering a CAGR of 8.06% during the forecast period.
COVID-19 has had a major impact on breastcare practices. As per the study published in Preventive Medicine in June 2021, the volume of cancer screening decreased by 40% in Canada during the initial pandemic as screening mammography was restricted and even momentarily stopped after lockdowns were introduced in some provinces of Canada. This created a backlog that might take more than a year to clear. When elective activities resumed, the government planned to prioritize patients based on clinical urgency, which further delayed the screening procedures. During the post-pandemic, breast screening has increased significantly to clear the backlog cases, and the market has reached the pre-pandemic level in the current year.
The factors driving the market growth include the rising burden of breast cancers, technological advancements in the field of breast imaging, and the key initiatives adopted by the market players in Canada.
The high incidence of breast cancer cases in Canada is anticipated to drive market growth. According to the Canadian Cancer Society, in May 2022, 28,600 Canadian women were diagnosed with breast cancer, accounting for 25% of all new cancer cases in women in 2022. Such a huge incidence of breast cancer in Canada is anticipated to increase breast cancer screenings in the country, driving the market growth. The rising initiatives from the key market players and the growing adoption of advanced mammography devices with innovative technologies also fuel the growth. For instance, in November 2021, Volpara Health and leading mammography education provider Mammography Educators, LLC, expanded their collaboration to deliver personalized, hands-on training to improve mammography quality at facilities across the United States and Canada.
Hence, owing to the above-mentioned factors, the market studied is expected to grow strongly over the forecast period.
Canada Mammography Industry Segmentation
Mammography is a standard diagnostic and screening technique used to screen breast tissues to check the presence of a malignant tumor. The process involves the usage of low-energy X-rays for the early detection of breast cancer. Canadian mammography market is segmented by product type (digital systems, analog systems, breast tomosynthesis, and other product types) and end users (hospitals, speciality clinics, and diagnostic centers). The report offers the value (in USD) for the above segments.
By Product Type | |
Digital Systems | |
Analog Systems | |
Breast Tomosynthesis | |
Other Product Types |
By End User | |
Hospitals | |
Specialty Clinics | |
Diagnostic Centers |
Canada Mammography Market Size Summary
The Canadian mammography market is poised for significant growth, driven by the increasing incidence of breast cancer and advancements in breast imaging technology. The market has rebounded to pre-pandemic levels after experiencing a temporary setback due to COVID-19, which had a substantial impact on breast screening practices. The backlog created during the pandemic has been addressed as screening activities resumed, with a focus on clearing delayed cases. The high prevalence of breast cancer in Canada is a key factor propelling market expansion, as it necessitates more frequent screenings. Additionally, initiatives by market players to adopt and promote advanced mammography devices are further fueling growth. The collaboration between Volpara Health and Mammography Educators, for instance, highlights the industry's commitment to enhancing mammography quality through personalized training.
Digital mammography is gaining traction due to its numerous benefits, such as reduced radiation exposure and improved image clarity, which enhance the accuracy of abnormal change detection. Government initiatives, like the Ontario Breast Screening Program, and the adoption of digital screening systems are contributing to the segment's growth. Hospitals play a crucial role in the market, with increased demand for breast cancer screening and the adoption of advanced mammography technologies driving segment expansion. Events like walk-in mammogram sessions and the acquisition of 3D mammogram machines by hospitals underscore the rising adoption of these technologies. The competitive landscape is marked by major players focusing on technological advancements and minimizing procedural side effects, with companies like Fujifilm, GE Healthcare, and Siemens Healthineers leading the charge.
Canada Mammography Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Burden of Breast Cancer
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1.2.2 Technological Advancements in the Field of Breast Imaging
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1.3 Market Restraints
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1.3.1 Risk of Adverse Effects from Radiation Exposure
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product Type
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2.1.1 Digital Systems
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2.1.2 Analog Systems
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2.1.3 Breast Tomosynthesis
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2.1.4 Other Product Types
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Specialty Clinics
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2.2.3 Diagnostic Centers
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Canada Mammography Market Size FAQs
What is the current Canada Mammography Market size?
The Canada Mammography Market is projected to register a CAGR of 8.06% during the forecast period (2024-2029)
Who are the key players in Canada Mammography Market?
Hologic Inc., Planmed OY, Fujifilm Holdings Corporation, GE Healthcare and Siemens Healthineers are the major companies operating in the Canada Mammography Market.