Market Size of Asia-Pacific Mammography Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2023 - 2028 |
Market Size (2023) | USD 474.35 Million |
Market Size (2028) | USD 759.45 Million |
CAGR (2023 - 2028) | 9.87 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Mammography Market Analysis
The Asia-Pacific Mammography Market size is expected to grow from USD 474.35 million in 2023 to USD 759.45 million by 2028, at a CAGR of 9.87% during the forecast period (2023-2028).
The major factors contributing to the growth of the Asia-Pacific mammography market are the rising incidence of breast cancer, large R&D investment in breast cancer therapies, and advances in breast imaging modalities. In most Asian countries, breast cancer is the most common cancer. Incidence rates increase at a faster rate than in Western countries due to lifestyle and dietary changes. The Center for Disease Control (CDC) reports breast cancer to be one of the most common cancers among women, irrespective of race or ethnicity. The rising prevalence of breast cancer and the growing healthcare infrastructure in the region is expected to drive the overall growth. As per the GLOBOCAN 2018, the estimated age-standardized incidence rate of breast cancer in Asia is 34.4 per 100,00. The other factors helping the growth of the mammography market are the rapid increase in population.