Market Trends of Spain Mammography Industry
Diagnostic Centers Segment is Expected to Hold a Significant Market Share Over the Forecast Period
- The factors contributing to the segment growth include increasing awareness about breast cancer screening in Spain, the rising prevalence of breast cancer, strategic initiatives undertaken by the major players, and the presence of better healthcare infrastructure.
- According to the Observatory of the Spanish Association Against Cancer (AECC) in 2023, the number of clinically diagnosed breast cancer cases in 2022 was 34,722 compared to 34,353 in 2021. The rising prevalence of breast cancer cases in Spain is anticipated to increase demand for breast cancer screening in diagnostic centers, thereby anticipated to promote segment growth.
- A lot of new investments are also being made by the players operating in the market. For instance, Inbiomotion received an oversubscribed funding round from Alta Life Sciences to launch its breast cancer detection device. The company is working on a test to predict bisphosphonate response in adjuvant breast cancer situations and prevent metastases. Since these tests can also be performed in diagnostic facilities, such improvements could expand the market.
- Since there have been several awareness initiatives in Spain in recent years, more patients are likely to be interested in getting mammograms at diagnostic facilities. Furthermore, the rising partnerships among the diagnostic centers in Spain and key market players are expected to drive the segment growth due to increased adoption of these services from diagnostic centers to benefit from technological advancements. For instance, In May 2021, the Imagine Diagnostic Center in Barcelona, Spain, and Fujifilm Europe GmbH deployed the first contrast mammography machine in the private sector. Therefore, the partnership between the diagnostic center and the key market player is anticipated to contribute to the segment growth. The above developments are further expected to improve the market growth in this segment.
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Digital Systems is Expected to Hold a Significant Share in the Market Studied
- Full-field digital mammography (FFDM), commonly known as digital mammography, is a kind of mammography in which solid-state detectors that turn X-rays into electrical signals take the place of the traditional X-ray film. Like traditional mammograms, the electrical impulses are utilized to create pictures of the breast that may be seen on a computer screen or printed on specialized film.
- The rising initiatives from the key market players and approvals from the European Union (EU) on digital mammography are expected to boost segment growth further. For instance, in January 2023, the EU approved Bayer's iodine-based contrast agent UltravistTM-300, -370 for contrast-enhanced mammography (CEM). Digital mammography and the injection of a contrast agent, such as Ultravist, are combined in the developing modality known as CEM to enhance breast cancer diagnosis and direct treatment choices. Such approvals in digital systems are expected to drive segment growth over the forecast period.
- Furthermore, technological advancements such as Artificial Intelligence (AI) in mammography are expected to bolster the market growth over the forecast period. For instance, according to the news published in Spain in July 2021, the use of artificial intelligence (AI) in breast cancer screening might save radiologists' workload by up to 70% by helping in the transition from digital mammography to digital breast tomosynthesis. Such advancements lead to increased adoption of digital mammography, besides the implementation of AI, driving the segment growth.
- Therefore, factors such as rising technological advancements, rising initiatives from the key market players, and rising approvals from the European Commission are all expected to drive the segment growth.
