Product ID: SQMIG35G2133
Report ID:
SQMIG35G2133 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
76
With a revenue share of over 36.4% in 2021, North America led the world market and is predicted to rise at a significant rate throughout the forecast period. One of the main variables influencing the local market is the increasing prevalence of breast cancer. The American Cancer Society estimates that in 2020, there will be around 276,480 new cases of invasive breast cancer in women. In addition, it has been determined that 48,530 women have in situ breast cancer, and it is anticipated that this figure will increase in the upcoming years. Additionally, a lot of businesses have started to launch efforts to support breast cancer screenings.
The American organization that provides free mammograms and breast cancer education to needy women is called the National Breast Cancer Foundation (NBCF). Additionally, one of the major drivers projected to propel market expansion throughout the forecast period is the existence of a highly developed healthcare infrastructure and rising healthcare spending. Over the projection period, Asia Pacific is predicted to experience the quickest CAGR.
The main factors driving the expansion of the Asia-Pacific market are the rising incidence of breast cancer, significant R&D expenditures on breast cancer treatments, and advancements in breast imaging modalities. According to the Centers for Disease Control and Prevention, regardless of race or ethnicity, breast cancer is the most common malignancy in most Asian nations (CDC). The age-standardized incidence rate of breast cancer in Asia is 34.4 per 100,000 individuals, according to GLOBOCAN 2018. Thus, the rising incidence of breast cancer and the developing healthcare system in the area are anticipated to support overall growth. It is projected that the presence of developing nations like China, Japan, and India would accelerate the region's growth. Additionally, major firms are always working to reach new areas.
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REQUEST FREE CUSTOMIZATIONMammography Market size was valued at USD 2 million in 2019 and is poised to grow from USD 2.2 million in 2023 to USD 4.63 million by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).
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Product ID: SQMIG35G2133