Mammo market to reach $1.1 billion by 2015

The worldwide mammography equipment market is projected to reach $1.1 billion by 2015, according to a report from market research firm Global Industry Analysts (GIA).

A major driving force behind the market is the rising incidence of breast cancer; one out of every eight women in industrialized countries faces the risk of being affected by breast cancer, according to the San Jose, CA-based firm.

The U.S. and Europe contribute 80% of global sales volume of mammography equipment, according to the report. GIA said that technological innovations such as computer-aided detection (CAD) and digital mammography, as well as thermal mapping and optical imaging, are expected to offer positive growth prospects.

The report estimates that in 2008 the worldwide digital mammography equipment market will produce $610 million in revenues, according to GIA. In other report findings, the U.S. full-field digital mammography market is projected to reach $677 million by 2015.

The growth and renewed interest in new technologies has eroded demand for analog mammography equipment, however. For example, the European analog mammography equipment market is projected to dip to $52 million by 2010, GIA said.

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