USD 377.44 billion
Report ID:
SQMIR35G2275 |
Region:
Regional |
Published Date: February, 2024
Pages:
225
|Tables:
89
|Figures:
76
ASEAN And South Asia Mammography Systems Market size was valued at USD 422.73 Billion in 2023 and is poised to grow from USD 473.46 Billion in 2024 to USD 1312.94 Billion by 2032, growing at a CAGR of 12% during the forecast period (2025-2032).
Mammography aids in the identification of breast cancer and other conditions affecting the breast. These tests are used for breast cancer screening and diagnosis in women. Increased geriatric population, aggressive activities by healthcare institutions to raise awareness about early breast cancer detection, and an increase in breast cancer incidence rates are anticipated to boost the market growth. In addition, improved insurance reimbursement policies, better government support for breast cancer research, and technological advances such as breast tomosynthesis, which aids in the identification of breast cancer in women with dense breast tissue, promotes the demand for mammography equipment.
ASEAN And South Asia Mammography Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 377.44 billion
Largest Segment
3D Mammography
Fastest Growth
3D Mammography
Growth Rate
12% CAGR
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The ASEAN and South Asia Mammography Systems Market is segmented based on product, technology, end-user, and region. Based on the product, the ASEAN And South Asia Mammography Systems Market is segmented into analog systems, full-field digital mammography systems, and breast tomosynthesis systems. Based on technology, the market is segmented into Screen Film, 2D mammography, and 3D mammography. Based on end-user, the market is segmented into hospitals and ambulatory surgical centers. Based on region, the market is segmented into Asia-Pacific and South Asia.
ASEAN And South Asia Mammography Systems Market Analysis by Product
The breast tomosynthesis system is the sub-segment and is likely to exhibit a decent CAGR during the analysis period, driven by the increasing usage of the technology in mammography and improved clinical outcomes. Compared to conventional breast imaging methods, this technology offers greater diagnostic accuracy and better efficacy. It is expected that these variables will stimulate segment growth during the analysis period.
Continuous advances in clinical results and high-quality breast tissue visualization are the factors driving the need for breast tomosynthesis devices. The device can identify cancer at an early stage and reduce the occurrence of advanced cancer. The primary benefit of this device is its ability to reduce the masking effects of surrounding fibro glandular tissue, hence enhancing the visibility of normal tissue and breast abrasions. These are some of the major factors for the dominance of the segment and are expected to drive market growth during the evalution period.
ASEAN And South Asia Mammography Systems Market Analysis by Technology
In 2022, 3D mammography technology accounted for the largest mammography market share due to continuous technological improvements. Thus, the increasing usage of new breast imaging techniques and the rising acceptability of digital breast tomosynthesis devices are contributing to the expansion of the market. The incorporation of artificial intelligence into 3D mammography has decreased test duration without compromising image quality. In addition, rapid FDA approval of AI-enabled 3D mammography devices is driving the market growth throughout the evaluation period.
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In 2022, China accounted for the largest market for the mammography system in Asia Pacific and South Asian regions. Increasing breast cancer awareness and government initiatives to aware women of breast cancer screening programs are some of the major reasons for this dominance. Increasing awareness in driving investment for welfare schemes and developing national-level diagnostic programs in the region for better detection and will propel the demand for mammography systems in the region and drive the market growth during the analysis period.
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ASEAN And South Asia Mammography Systems Market Driver
Obesity, hormone replacement therapy, and old age are major contributors to the rise in breast cancer cases that drives the market.
ASEAN And South Asia Mammography Systems Market Restraint
Lack of awareness and the high cost of screening are some of the major restraints.
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The ASEAN and South Asia Mammography Systems market is relatively fragmented, with a high level of competition. Few large players, like Hologic, Inc., Analogic Corporation, and Canon Medical Systems Corporation, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
ASEAN And South Asia Mammography Systems Market Top Player’s Company Profiles
ASEAN And South Asia Mammography Systems Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the ASEAN and South Asia Mammography market report analysis, the breast tomosynthesis system subsegment of the global mammography systems market will exhibit a decent CAGR during the analysis period. Increase in geriatric population and aggressive activities by healthcare institutions to raise awareness about early breast cancer detection are anticipated to boost market growth. The breast tomosynthesis device can identify cancer at an early stage and reduce the occurrence of advanced cancer. In 2022, China accounted for the largest market for the mammography system in Asia Pacific and South Asian regions.
Increase in breast cancer awareness and government initiatives are some of the major reasons for this dominance. Rapid FDA approval of 3D mammography devices is driving market growth throughout the analysis period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 422.73 Billion |
Market size value in 2032 | USD 1312.94 Billion |
Growth Rate | 12% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the ASEAN And South Asia Mammography Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the ASEAN And South Asia Mammography Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Report ID: SQMIR35G2275
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