What is the global market size of ASEAN And South Asia Mammography Systems Market?

ASEAN And South Asia Mammography Systems Market size was valued at USD 377.44 billion in 2021 and is poised to grow from USD 422.73 billion in 2022 to USD 1172.27 billion by 2030, growing at a CAGR of 12% in the forecast period (2023-2030).

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.

ASEAN And South Asia Mammography Systems Market Report Snapshots

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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. '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 Insights

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