ASEAN And South Asia Mammography Systems Market

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 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 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).

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. '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'

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 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. 

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

Report ID: SQMIR35G2275

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