Asia Pacific Breast Cancer Screening Market to Grow at a CAGR of 5.4% to reach US$ 1,120.77 million from 2020 to 2027

Asia Pacific Breast Cancer Screening Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Test Type (Blood Marker Test, Imaging Test, Genetic Test, Immunohistochemistry Test),End User (Hospitals, Diagnostic Centers, Cancer Institutes, Research Laboratories), and Country.

Publication Month : Jun 2020

  • Report Code : TIPRE00011577
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 155
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The Asia Pacificbreast cancer screening market was valued at US$ 798.57 million in 2019 and is projected to reach US$ 1,120.77 million by 2027; it is expected to grow at a CAGR of 5.4% from 2020 to 2027.

As per the Centers for Disease Control and Prevention (CDC) definition, breast cancer screening refers tochecking a woman’s breasts for cancer before there are signs or symptoms of the disease. The purpose of screening tests is to discover cancer at an early stage when it can be operated or cured. At times, a screening test detects cancer when it is very small or growingslowly.

India Breast Cancer Screening Market Revenue and Forecast to 2027 (US$ Million)

India Breast Cancer Screening Market
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Market Insights

Increasing Investmentsfor Research in Breast Cancer Management

Increasing research activities is likely to enhance the breast cancer screening market in Asia Pacific. For instance, “Novel combination of serum microRNA for detecting breast cancer in the early stage” was conducted in Japan. Furthermore, the government in Japan has initiated cancer control programs as it is one of the leading cause of death in Japan. Cancer screening programs are carried out throughout the country by the municipalities with the government support.

Additionally, increasing research for early diagnosis of breast cancer is likely to favor the breast cancer screening market in Australia. For instance, in October 2019, a NBCF funded (national breast cancer foundation) researcher Sydney University published theresults of pilot trial of 3D mammography (known as tomosynthesis), as per thestudy, breast cancer detection rates are higher with 3D mammography as compared withthe standard 2D mammography.

Test Type-Based Market Insights

Based on test type,the breast cancer screeningmarket is segmented into imaging test, Immunohistochemistry test, genetic test, and blood marker tests. In 2019,the imaging testsegment held the largest share of the market in 2019; moreoverit is anticipated to register the highest CAGR in the market during the forecast period.

Asia Pacific Breast Cancer Screening Market, by Test Type– 2019and 2027

Asia PacificBreast Cancer Screening Market
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End User-Based MarketInsights

Based onend user, the breast cancer screeningmarketis further segmented into hospitals, diagnostic centers, cancer institutes, and research laboratories. The hospitals segment held the largest share of the market in 2019; moreoverit is estimated to register the highest CAGR in the market during the forecast period.

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Asia Pacific Breast Cancer Screening Market: Strategic Insights

asia-pacific-breast-cancer-screening-market
Market Size Value inUS$ 798.57 Million in 2019
Market Size Value byUS$ 1,120.77 Million by 2027
Growth rateCAGR of 5.4% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and approvalsarethe commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the breast cancer screeningmarketadopt the expansion, collaboration, and product launch strategies to enlarge customer base acrossthe world.These strategies allow the players to maintain their brand name globally. For instance, in October 2018, GE Healthcare launched a product, namely, the Invenia Automated Breast Ultrasound (ABUS) 2.0 in the US. The device is FDA-approved ultrasound supplemental breast screening technology, specifically designed for detecting cancer in dense breast tissue.

By Test Type

  • Blood Marker Test
  • Imaging Test
  • Genetic Test
  • Immunohistochemistry Test


By End User

  • Diagnostic Centres
  • Hospitals
  • Research Laboratories
  • Cancer Institutes


By Country

  • China
  • Japan
  • India
  • Australia
  • South Korea

Company Profiles

  • Koninklijke Philips N.V.
  • Hologic, Inc.
  • Becton, Dickinson and Company
  • Myriad Genetics, Inc.
  • Siemens Healthcare AG
  • Exact Sciences Corporation
  • OncoCyte Corporation
  • POC Medical Systems
  • DanaherCorporation
  • General Electric Company
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Test Type,End User, and Country.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia Pacific Breast Cancer Screening Market

  1. Koninklijke Philips N.V.
  2. Hologic, Inc.
  3. Becton, Dickinson and Company
  4. Myriad Genetics, Inc.
  5. Siemens Healthcare AG
  6. Exact Sciences Corporation
  7. OncoCyte Corporation
  8. POC Medical Systems
  9. DanaherCorporation
  10. General Electric Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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