USD 377.44 billion
ASEAN And South Asia Mammography Systems Market Size, Share, Growth Analysis, By Product(Analog Systems, Full-Field Digital Mammography Systems, Breast Tomosynthesis Systems), By Technology(Screen Film, 2D Mammography, 3D Mammography), By End-user(Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR35G2275 |
Region:
Regional |
Published Date: February, 2024
Pages:
225
|Tables:
89
|Figures:
76
ASEAN And South Asia Mammography Systems Market Insights
ASEAN And South Asia Mammography Systems Market size was valued at USD 377.44 billion in 2019 and is poised to grow from USD 422.73 billion in 2023 to USD 1172.27 billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
3D Mammography
Fastest Growth
3D Mammography
Growth Rate
12% CAGR
Global ASEAN and South Asia Mammography Systems Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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ASEAN And South Asia Mammography Systems Market Segmental Analysis
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.
Global ASEAN and South Asia Mammography Systems Market By Technology, 2021 (%)
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ASEAN And South Asia Mammography Systems Market Regional Insights
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.
Global ASEAN and South Asia Mammography Systems Market By Geography, 2022 - 2028
- Largest
- Fastest
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ASEAN And South Asia Mammography Systems Market Dynamics
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.
- Obesity, hormone replacement therapy, and old age are major contributors to the rise in breast cancer cases. As more and more people follow these kinds of lifestyles, the prevalence of breast cancer will rise, driving up the demand for breast cancer imaging equipment and propelling the mammography systems market growth.
- Increase in the elderly population, proactive measures by healthcare institutions to create awareness about early detection of breast cancer, and a rise in breast cancer incidence rate are anticipated to propel market expansion. In addition, the demand for mammography systems is fueled by improved insurance reimbursement policies, increased government funding for breast cancer research, and technological advancements such as breast tomosynthesis, which facilitates the detection of breast cancer in women with dense breast tissue.
ASEAN And South Asia Mammography Systems Market Restraint
Lack of awareness and the high cost of screening are some of the major restraints.
- Lack of awareness and the high cost of screening are some of the major restraints.
- However, it is expected that the hazards of radiation exposure and the production of false positives or negatives will slow the expansion of the market during the analysis period.
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ASEAN And South Asia Mammography Systems Market Competitive Landscape
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
- Siemens Healthineers AG
- Hologic, Inc.
- GE Healthcare
- Fujifilm Holdings Corporation
- Koninklijke Philips N.V.
- Carestream Health, Inc.
- Agfa-Gevaert N.V.
- Planmed Oy
- Metaltronica S.p.A.
- BMI Biomedical International s.r.l.
- Villa Sistemi Medicali S.p.A.
- Ziehm Imaging GmbH
- DMS Imaging
- General Medical Merate S.p.A.
- Toshiba Medical Systems Corporation
- Allengers Medical Systems Limited
- Analogic Corporation
- Canon Inc.
- Delphinus Medical Technologies, Inc.
- Shimadzu Corporation
ASEAN And South Asia Mammography Systems Market Recent Developments
- In July 2022, Canon Medical Systems USA Inc. acquired NXC Imaging. The strategic alliance will expand Canon Medical Systems US sales and service throughout the Midwest. Canon Medical desired to create a large sales and service operation in this region, offering innovative solutions and distinctive business models.
- In march 2022, Hologic, Inc. launched its Innovation Center in France today. This follows Hologic's 2019 acquisition of SuperSonic Imagine in Aix-en-Provence and underscores its commitment to EMEA. The new commercial office, training, and R&D facility will support Hologic's ultrasound, interventional, and surgical solutions.
ASEAN And South Asia Mammography Systems Key Market Trends
- Increase in Product Launches: Increasing market revenue due to the growing number of new product launches and FDA approvals. The food and drug administration introduced novel measures to advance breast cancer screening and assist people in collecting more information about breast health care. These modifications include an improvement in tissue density standards and the addition of a new evaluation category.
- Technological Advancements: Technological collaboration and the accessibility of breast imaging devices are driving the mammography market during the analysis period.
ASEAN And South Asia Mammography Systems Market SkyQuest Analysis
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 2019 | USD 377.44 billion |
| Market size value in 2031 | USD 1172.27 billion |
| Growth Rate | 12% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on ASEAN And South Asia Mammography Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on ASEAN And South Asia Mammography Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the ASEAN And South Asia Mammography Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the ASEAN And South Asia Mammography Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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