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Mammography Market Size, Demand & Trends to 2033

The mammography market, projected to reach US$ 1,880.2 million in 2023 from its anticipated size of US$ 1,741.2 million in 2022, is driven by increased adoption of breast cancer screening systems and government initiatives supporting clinical interpretation. The Future Market Insights report forecasts a robust expansion, with the mammography market expected to grow at a CAGR of 10.1% from 2023 to 2033, reaching an estimated US$ 4,899.7 million by 2033.

Mammography is a non-invasive medical imaging and diagnostic technique that uses low-dose X-rays to detect tumours in breast tissues. It has become one of the most widely used techniques for detecting abnormalities when there are no symptoms. It has significantly aided in the reduction of breast cancer mortality rates around the world.

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The rising prevalence of breast cancer around the world, combined with growing awareness about the benefits of screening and early detection of breast cancer, is driving the mammography market forward. It is one of the most common types of cancer in females around the world.

Several studies have found that the risk of breast cancer increases with age and is more common in women over the age of 40. Because of this, medical institutes and organisations such as the American College of Radiology (ACR) and the National Comprehensive Cancer Network (NCCN) have recommended annual mammography screening for women beginning at the age of 40. This will continue to be a driving force in market growth in the future.

For the early detection of breast cancer, various mammography solutions or types, such as breast tomosynthesis, film screen systems, and X-ray, are used. However, film screen systems, also known as screen film mammography, continue to be the gold standard for detecting breast cancer.

Various government and non-government organisations are investing heavily in increasing breast cancer screening and, as a result, lowering the overall burden. This will continue to be a tailwind for market growth in the future. Furthermore, the presence of favourable reimbursement policies in many developed regions is positively impacting the growth of the mammography market.

Which Factors Determine the Growth of Mammography Market?

Some of the major factors driving the global mammography market are the rapid increase in the number of breast cancer cases, technological advancements in breast imaging techniques, and increased initiatives and investments by government and private organisations for breast cancer monitoring campaigns.

Mammography has emerged as one of the most advanced techniques for detecting breast cancer in its early stages. It has significantly aided medical organisations in reducing the global burden of breast cancer.

The rising incidence of breast cancer is driving the growth of the mammography market. According to the World Health Organization (WHO), an estimated 2.3 million women in the world will be diagnosed with breast cancer by 2020. Early detection of breast cancer is required for proper treatment to begin, increasing the chances of survival. As a result, the mammography technique is increasingly being used in healthcare facilities.

Similarly, factors such as rising cases of hormonal imbalance, an ageing population, and increased awareness among women about breast cancer, diagnosis, and treatment will continue to drive mammography system sales in the future.

In addition to this, technological advancements in mammography systems such as the development of 3-D imaging solutions (breast tomosynthesis) coupled with increase in the number of hospitals, diagnostic centers and specialty centers are projected to further boost the growth of mammography market in future.

What are the Challenges Faced by the Mammography Industry?

Despite the growing popularity of mammography for the detection of breast cancer, a number of challenges are stifling market growth. Some of these factors include the risk of radiation exposure, high capital investment, and a lack of awareness about mammography systems in some developing and underdeveloped countries.

Will North America Retain its Dominant Position in the Global Mammography Market?

North America is expected to maintain its dominance in the global mammography market as the prevalence of breast cancer rises, people become more aware of the importance of diagnostic screening for initiating early treatment, and government and private organisations increase their spending on research and development.

Because of rising breast cancer cases, the availability of advanced diagnostic solutions, and favourable government support, the United States remains the most profitable market for mammography in North America. According to the American Cancer Society, there will be approximately 287,850 new cases of invasive breast cancer diagnosed in the United States in 2022. During the forecast period, the mammography market will continue to grow in North America.

How is the Growth Projection for Asia Pacific Market?

According to Future Market Insights, the Asia Pacific mammography market is expected to grow rapidly during the forecast period, owing to increased adoption of mammography systems, increased government investments and initiatives to combat breast cancer burden, and rapid development of healthcare infrastructure in countries such as China and India.

Growing awareness about breast cancer, its diagnosis, and the availability of alternative treatments is driving the growth of the mammography market in Asia Pacific countries such as India and China. People are increasingly turning to these techniques for early detection of breast cancer. Once detected, timely treatment can be administered, increasing the chances of survival and lowering the economic burden.

Moreover, governments across these countries are taking various initiatives to reduce the rising burden of breast cancer cases. This is creating a conducive environment for the growth of mammography market in the region.

Market Competition

Some of the key participants present in the global mammography market include Allengers Medical Systems Limited, FUJIFILM Holdings America Corporation, Hologic, Inc., PLANMED OY, Konica Minolta, GENERAL ELECTRIC, Inc., Siemens Healthcare Private Limited, Carestream Health, GE Healthcare, Koninklijke Philips N.V., and BET Medical.

These leading players are continuously innovating for developing novel diagnostic products with enhanced features and minimum side effects. Besides this, they are adopting growth strategies such as partnerships, acquisitions, collaborations, spending on awareness campaigns etc. to gain a competitive edge in the market.

Key Segments Profiled in the Mammography Industry Survey

By Product Type:

Breast Tomosynthesis
Film Screen Systems
X-Ray
Others
By Technology Type:

Digital Mammography
Analog Mammography
3-D Mammography
2-D Mammography
By End Use:

Hospitals
Special Clinics
Diagnosis Centers
Ambulatory Surgical Centers
Educational & Research Institutes

Formulation Development Outsourcing Market Size & Trends by 2032
The Formulation Development Outsourcing market sales are estimated to be valued at US$ 66.60 billion in 2032, up from US$ 33.23 billion in 2022, with a CAGR of 7.2% from 2022 to 2032.

Higher research and development expenditures are expected to fuel demand for Formulation Development Outsourcing. Formulation Development Outsourcing services are widely used by small and medium-sized pharmaceutical companies that lack the necessary resources.

Because of trial-related expenditures, the majority of pharmaceutical companies use it to lower the amount of time spent on Formulation Development Outsourcing services. The emergence of the Formulation Development Outsourcing business can be ascribed to the pharmaceutical industry’s greater reliance on ties with academic institutions.

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Increases in pharmaceutical and raw material costs, as well as demand, can have a major negative impact on the market value of Formulation Development Outsourcing. As a marketing tactic to boost market growth, the Formulation Development Outsourcing company developed medical drug patent protection expiration.

Because of the increasing number of biopharmaceutical and pharmaceutical businesses outsourcing their work, the Formulation Development Outsourcing market has grown significantly. In 2021, the market for Formulation Development Outsourcing in North America maintained a commanding 26.8% share.

For instance, numerous clinical trials are conducted in the United States. Furthermore, it is anticipated that Europe will hold a significant share of the Formulation Development Outsourcing market. This is due to the government’s supportive initiatives, sedentary lifestyles, and the rise in chronic illnesses driving the market in this region.

Key Takeaways

With a market share of US$ 66.6 billion, the Formulation Development Outsourcing industry is predicted to grow at a 7.2% CAGR through 2032.
The Formulation Development Outsourcing market in North America is anticipated to be valued $22.8 billion in 2021.
Through 2032, the Asia Pacific Formulation Development Outsourcing market is predicted to grow at an 8.1% CAGR.
The Formulation Development Outsourcing industry is expected to be worth US$ 31 billion in 2021.
The oral segment of the Formulation Development Outsourcing market held a 63.6% revenue share in 2021.
Based on services, the formulation development segment of the Formulation Development Outsourcing market had a revenue share of 76.6% in 2021.
Competitive Landscape:

Some of the primary measures players are employing to take advantage of the Formulation Development Outsourcing market opportunities include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Key Players

SGS S.A.
Intertek Group plc
Recipharm
Lonza
Charles River Laboratories International, Inc.
Eurofins Scientific SE
Element
Labcorp
Thermo Fisher Scientific, Inc. (Patheon)
Catalent Inc.
Recent Developments:

Intertek extended its pharmaceutical services laboratory in Melbourne in 2019.
Cataleny Inc. announced in 2021 that it has acquired the packaging and production businesses of Acorda Therapeutics Inc.
In addition, Quotient BioSciences announced plans to acquire Arcinova, a UK-based startup, in 2021. As a result of this acquisition, Quotient Bioscience is now able to offer new services such as medical goods, clinical testing, and drug substance synthesis.
In 2020, Catalent Inc. announced the acquisition of MaStherCell Global Inc. As a result of this increase, the biotech sector is fortifying its position, and new avenues for gene therapy are emerging.
Want More Insights:

In North America, the Drug Development Outsourcing Market is dominated by the United States due to the presence of a large number of pharmaceutical and biotechnology companies, the availability of skilled professionals, and the presence of a well-established healthcare infrastructure. Canada is also expected to witness significant growth in the market due to the increasing adoption of outsourcing by pharmaceutical and biotechnology companies.

Key Segments

By Service:

Preformulation
Formulation Development
By Formulation:

Oral
Injectable
By Therapeutic Area:

Oncology
Infectious Diseases
Neurology
Hematology
Respiratory
Cardiovascular
Dermatology
Others

Weight Management Market Primed for a Notable CAGR of 7.7% to Reach US$725.6 Billion by 2032

With a notable compound annual growth rate (CAGR) of 7.7%, the global weight management market is poised to achieve a substantial valuation of US$ 725.6 Billion within the forecast period spanning from 2022 to 2032. This impressive growth is primarily attributed to the increasing prevalence of sedentary lifestyles, which is fueling the demand for effective weight management solutions.

In the preceding year, from 2021 to 2022, the market demonstrated robust year-on-year (Y-o-Y) growth at a rate of 8.3%, culminating in a total valuation of US$ 345.5 Billion. Notably, as of 2021, the weight management market already boasted a substantial worth, valued at US$ 319 Billion.

As per the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obese is one of the major health challenges in developed and developing countries. Also, the rising volume of bariatric surgeries and the rising adoption of online weight loss & management programs are anticipated to positively influence the industry in the forecast period.

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The growing prevalence of obesity among the expanding population is expected to propel the market expansion during the forecast period. As per the World Obesity Atlas 2022, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030. This significant rise in the number of obese patients is anticipated to drive demand for an efficient weight management system. Further, growing awareness about weight management and obesity among developing nations is expected to drive market growth in the coming period.

Increasing strategic collaborations of players with each other are expected to drive market growth during the forecast period. In September 2019, Currax Pharmaceutical disclosed the acquisition of Nalpropion Pharmaceuticals. This acquisition resulted in the addition of Contrave anti-obesity medication to Currax’s product portfolio. Similarly, in November 2019, Novo Nordisk collaborated with UNICEF to prevent children from obesity. Such partnerships among players are expected to benefit the industry growth during the forecast period.

Lack of awareness regarding obesity and the inability to afford premium health club memberships among developing countries are expected to impact the market negatively in the forthcoming period. As per IQVIA, only 2% of the total obese population is treated with prescribed medicines. Further, the presence of a limited number of market players is another cause hindering the expansion. However, rising disposable income and increasing awareness about the alternatives for weight loss and management can propel market growth in the forecast period.

Key Takeaways from the Market Study

Weight management market to secure US$ 725.6 Billion during the forecast period from 2022-to 2032.
By equipment, the fitness equipment segment is anticipated to expand at a CAGR of 7.6% during the forecast period.
The weight management market to be dominated by the U.S while garnering US$ 250 Billion by 2032
Weight management industry in China is expected to expand at the highest CAGR of 6.8% during the forecast period
Weight management market in Japan is estimated to reach US$ 41.1 Billion by 2032
“Increasing cases of obesity and the growing health concerns among baby boomers are expected to support the market expansion in the coming time,” remarks an analyst at FMI.

Competition Analysis

Key players in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation. Major developments in the market are:

In June 2022, Herbalife Nutrition, inked a sports nutrition partnership with Notre Dame shooting guard Blake Wesley, who has been training at the Herbalife Nutrition IMPACT Basketball Center.
In January 2021, Herbalife Nutrition, an eminent nutrition company, announced that it had inked an agreement to repurchase approximately US$ 600 million of the Company’s common share beneficially owned by Carl C. Icahn and certain of his affiliates at a price of US$ 48/05 per share.
In December 2020, Kainos Capital, a firm focused on specializing in managing food and consumer businesses, completed the acquisition of Nutrisystem from Tivity Health for US$ 575 Million. The private Capital Group of MSD Partners, LP partnered with Kainos Capital in the transaction in form of preferred and common equity investment.
More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global weight management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Surgical Equipment), Services (Fitness Centers, Slimming Centers, Consultation Services, Online Weight Loss Services), & Region(North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Global Weight Management Market Report

Global Weight Management Market by Diet:

Weight Management Meals
Weight Management Beverages
Weight Management Supplements
Global Weight Management Market by Equipment:

Weight Management Fitness Equipment
Weight Management Surgical Equipment
Global Weight Management Market by Services:

Weight Management across Fitness Centers
Weight Management across Slimming Centers
Weight Management Consultation Services
Weight Management through Online Weight Loss Services

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Joint Reconstruction Devices Market Set to Soar to US$41.5 Billion by 2032

The global Joint Reconstruction Devices Market is worth US$ 26 Bn as of now and is expected to reach US$ 41.5 Bn by the year 2032 at a CAGR of 4.8% between 2022 and 2032.

Joint reconstruction encloses a broad spectrum of treatments like physiotherapy, surgeries, and pain management. The very first type of therapy preferred is that of ‘physiotherapy’. Though it caters to primary care, surgical procedures do prove to be permanent course of cure. Minimally invasive surgeries are preferred as they provide benefits like convenience factor for surgeons and patients alike, lesser timespan of hospital stay, and shorter ‘turnaround’ time. Artificial implants dominate the joint reconstruction devices market as they offer simple installation. Arthroscopes enable outpatient surgeries as well. Advanced tools include image magnifiers and pre-operative planning.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Joint Reconstruction Devices’ through its dedicated team of analysts and consultants. The bottom-up approach is bound to go a long way regarding the rapport with clientele. Also, micros and macros have been efficiently worked upon.

Key Takeaways from the Joint Reconstruction Devices Market

North America holds more than 30% of the market share. This could be credited to the US housing a huge number of industry players.
Europe stands second on similar grounds and the status quo is expected to remain unchanged even going forward.
The Asia-Pacific is expected to grow at the fastest rate. This could be attributed to FDI being approved by the governments of India and China. Japan is another country leading from the front.
With an increase in the number of distribution partners, Mexico and Brazil are expected to dominate the joint reconstruction devices market for LATAM.
Competitive Devices

Smith + Nephew, in February 2022, did announce launching next generation handheld robotics platform called ‘CORI Surgical System’ at the commercial scale. It stands out from its counterparts for compactness. Minimal set-up time along with portability implies that it could be moved from one theater to the other for optimizing patients’ flow via surgical units.
Zimmer Biomet Holdings, Inc., in December 2020, did announce that it had completed acquisition of A&E Medical Corporation and its entire portfolio comprising sternal closure devices. They included cable systems, sternal sutures, and rigid fixation.
DePuy Synthes, in March 2022, did acquire CUPTIMIZE Hip-Spine Analysis – a tool floated with the objective of better understanding and addressing effect of abnormal motion between pelvis and spine in certain patients who need THA (total hip arthroplasty). It improvises on surgical planning capabilities related to VELYS Hip Navigation (a solution from DePuy Synthes’ VELYS Digital Surgery platform for connected technologies).
LimaCorporate, in October 2022, did receive approval from the US FDA for a new-fangled shoulder platform emphasized on glenoid baseplate. Humeral stem is 3D-printed in its entirety. This dental implant system, using patented TT (Trabecular Titanium) technology, does aim to obtain robust primary fixation with successful growth of secondary bone.
Smith + nephew PLC, in September 2022, did launch OR3O dual mobility system for usage in revision and primary arthroplasty in Japan.
“With success for rheumatoid arthritis and osteoarthritis, the global market is bound to grow inadvertently shortly”, says an analyst from Future Market Insights.

How does the Report reconstruct itself?

The research study is based on technology (joint reconstruction devices for joint replacement, joint reconstruction devices for osteotomy, joint reconstruction devices for arthroscopy, joint reconstruction devices for resurfacing, joint reconstruction devices for arthrodesis, and joint reconstruction devices for other technologies), and by type (knee joint reconstruction devices, hip joint reconstruction devices, shoulder joint reconstruction devices, ankle joint reconstruction devices, and other joint reconstruction devices).
With growing occurrences of orthopedic diseases coupled with increasing geriatric population, the global joint reconstruction devices market is expected to witness a noteworthy CAGR shortly.
Key Segments Covered In The Joint Reconstruction Devices Industry Survey

Joint Reconstruction Devices Market by Technology:

Joint Reconstruction Devices for Joint Replacement
Joint Reconstruction Devices for Osteotomy
Joint Reconstruction Devices for Arthroscopy
Joint Reconstruction Devices for Resurfacing
Joint Reconstruction Devices for Arthrodesis
Joint Reconstruction Devices for Other Technologies
Joint Reconstruction Devices Market by Type:

Knee Joint Reconstruction Devices
Hip Joint Reconstruction Devices
Shoulder Joint Reconstruction Devices
Ankle Joint Reconstruction Devices
Other Joint Reconstruction Devices
Joint Reconstruction Devices Market by Region:

North America Joint Reconstruction Devices Market
Latin America Joint Reconstruction Devices Market
Europe Joint Reconstruction Devices Market
Asia Pacific Joint Reconstruction Devices Market
Middle East & Africa Joint Reconstruction Devices Market

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