The Growth of Asia Pacific Mammography Devices is expected to be driven by the increasing prevalence of breast cancer in the forecast period, 2024-2028.
According to TechSci Research report, “Asia Pacific Mammography Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the Asia Pacific Mammography Devices market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing government funds for carcinoma therapy and technological advances in breast scanning methods across the region. Additionally, growing development in the medical field and growing awareness regarding new diagnoses of breast cancer in the healthcare industry are expected to create lucrative opportunities for market growth in the forecast years. Besides, increasing investment and initiative by key players for the development of new technology and the development of healthcare infrastructure is further expected to support market growth in the forecast period.
However, high investment in the installation of breast implant technologies and strict regulations for authorization of breast scanning devices in the countries like Japan and Australia will hamper the growth of the Asia Pacific Mammography Devices market in the forecast period. Similarly, increasing side effects of using Mammography devices along with negative results may hamper the Asia Pacific Mammography Devices market growth during the forecast period. Additionally, a lack of skilled professionals for handling the devices may hamper the growth of the Asia Pacific Mammography Devices Market during the forecast period. Also, a lack of social acceptance with a negative impact on the use of Mammography Devices in the developing region can further restrict the growth of the Asia Pacific Mammography Devices market.
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The Asia Pacific Mammography Devices market can be segmented by product type, technology, by end-user, and region.
Based on Product Type, the Asia Pacific Mammography Devices market can be segmented into Full-field Digital Mammography, Film-screen Mammogram, and Breast Tomosynthesis. The Full-Field Digital Mammography segment dominates the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to the increasing number of countries experiencing shifts toward this newer system due to their superior depiction of low-contrast objects, and wider dynamic change including improved diagnostic quality of images especially when detecting denser breasts.
Based on end-user, the market can be segmented into Hospitals & Clinics, Diagnostic Centers, and Others. The diagnostic centers are expected to dominate during the forecast period on account of the increasing demand for mammography instruments in the diagnostic centers along with increasing the number of multispecialty hospitals in the region.
Major companies operating in the Asia Pacific Mammography Devices market are:
- Siemens Healthineers AG
- GE Healthcare (Smart Breast Corporation)
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- Carestream Health, Inc.
- Delphinus Medical Technologies, Inc
- Konica Minolta Inc
- Hologic Inc.
- Planmed OY
- Metaltronica SpA
- IMS Giotto S.P.A
- NP JSC Amico
- Analogic Corporation
- KUB Technologies Inc.
For instance, in March 2021, iCad received USFDA approval for its ProFound AI Version 3.0 for Digital Breast Tomosynthesis (DBT) system.
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“Japan is expected to dominate in the Asia Pacific Mammography Devices market due to the increasing prevalence of breast cancer across the region along with growing large research and development expenditure in breast cancer medicines. Furthermore, increasing innovations in breast imaging modules are enhancing the demand for Mammography Devices across regions like Japan. Similarly, the Increasing cancer population along with the growing aging population and increasing awareness regarding cancer symptoms demand for Mammography Devices which drive the Asia Pacific Mammography Devices Market during the forecast period. Increasing favorable government reimbursement policies and growing better healthcare infrastructure in the region is further expected to create lucrative opportunities for market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Asia Pacific Mammography Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (Full-field Digital Mammography, Film-screen Mammogram, Breast Tomosynthesis), By Technology (Digital v/s Analog), By End User (Hospitals & Clinics, Diagnostic Centers, Others), and By Region”, has evaluated the future growth potential of Asia Pacific Mammography Devices and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia Pacific Mammography Devices market.
Mr. Ken Mathews
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