South Korea Mammography Market Value - By Product Type (Digital Systems, Analog Systems, Breast Tomosynthesis, and Other Product Types), By End Users (Hospitals, Specialty Clinics, and Diagnostic Centers); By Industry Analysis, Statistics, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• South Korea Mammography Market size exceeded USD 64.1 Million in 2022.
• The market is expected to showcase a CAGR of over 8.4% from 2023 to 2032. 
• By the end of the forecast period, the market is anticipated to reach a valuation of around USD 142 Million.

The leading mammography players in the industry are currently emphasizing several key factors to improve breast cancer detection and patient experience. These include advanced imaging technology, such as digital breast tomosynthesis (DBT), to enhance accuracy and reduce false positives. Additionally, they are focusing on ergonomic design and patient comfort to alleviate anxiety during the procedure. Furthermore, integration of artificial intelligence (AI) algorithms is being explored to assist radiologists in interpreting mammograms more effectively and efficiently.

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Market Overview:

The South Korea mammography market is a subset of the South Korean healthcare industry that focuses on the supply of mammography equipment, services, and related products for the early detection, screening, diagnosis, and monitoring of breast cancer. Mammography is critical for detecting breast abnormalities and aiding in the early detection of breast cancer, which improves patient outcomes and lowers mortality rates.

Mammography systems, digital imaging technologies, computer-aided detection (CAD) software, biopsy devices, and related consumables are all part of the market. It entails working with medical device manufacturers, imaging centers, hospitals, radiologists, oncologists, and other healthcare professionals who specialize in breast cancer screening and diagnosis.

The market meets the needs of both private healthcare facilities, such as clinics and imaging centers, and public hospitals, which actively participate in breast cancer screening programmers. Continuous advancements in digital mammography, such as full-field digital mammography (FFDM), 3D mammography (tomosynthesis), and the incorporation of artificial intelligence (AI) technology, characterize it.

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South Korea Mammography Market: Growth Drivers and Restraints

Growth Drivers:

• Mammography System Technological Advancements - Mammography system advancements have improved the accuracy and efficiency of breast cancer detection. When compared to traditional film-screen mammography, digital mammography, including full-field digital mammography (FFDM), produces clearer and higher-resolution images. The introduction of 3D mammography (tomosynthesis) has improved the detection of breast abnormalities while decreasing false-positive results.
   
• Raising Awareness and Health Concerns - In South Korea, public awareness of breast cancer and the importance of regular mammography screenings is growing. Women are becoming more health-conscious and proactive in their pursuit of preventive healthcare. Mammography services are in high demand as people become more aware of the benefits of early detection.

Restraints:

• Limited Reimbursement - The availability and affordability of mammography services can be influenced by reimbursement policies and rates set by the South Korean government or health insurance agencies. If reimbursement rates for mammography procedures are low, healthcare providers may be discouraged from investing in new equipment or expanding their services.

By Product Type Analysis:

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In terms of product type, the market is segregated into digital systems, analog systems, breast tomosynthesis, and other product types. The digital systems segment is expected to grow at the fastest pace in the South Korea mammography market during the forecast period. Digital mammography systems capture and produce high-resolution images of the breast using digital detectors. These systems have several advantages over traditional analogue systems, such as better image quality, faster image acquisition, and the ability to manipulate and enhance images for better visualization. Because of their superior image quality and diagnostic accuracy, digital mammography systems are the most commonly used technology in modern mammography.

By End Users Synopsys:    

The market is classified by end-users into specialty clinics, hospitals, and diagnostic centers. The hospitals segment is poised to grow at the highest pace in the South Korea mammography market during the forecast period. Hospitals are the major suppliers of healthcare services, including breast cancer screening and diagnosis, in the South Korean market. Many South Korean hospitals have dedicated radiology departments with mammography systems to provide comprehensive breast imaging services. These facilities frequently use a multidisciplinary approach, with radiologists, oncologists, and other specialists collaborating to provide accurate diagnosis and treatment planning. Hospitals serve a large patient population and provide a variety of healthcare services, making them an important segment of the South Korean market. 

Key Development News:

• In July 2021, Lunit, a South Korean artificial intelligence startup, received USD 26 million in a series c tranche b funding round. Guardant Health, a precision oncology firm, made the investment.

Top companies includes in the South Korea mammography landscape:

• Canon Medical Systems Corporation
• Fujifilm Holdings Corporation
• GE Healthcare
• Koninklijke Philips NV
• Siemens Healthineers
• Carestream Health Inc.
• Hologic Inc.
• Bemems Co. Ltd
• Planmed Oy
• Neusoft Medical Co. Ltd
• Genoray. Co. Ltd
• Lunit Inc.
• Others

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In-depth analysis of South Korea mammography market along with industry coverage and forecasting for the following segments:

Market Size, By Product Type

• Digital Systems
• Analog Systems
• Breast Tomosynthesis
• Other Product Types

Market Size, By End Users

• Hospitals
• Specialty Clinics
• Diagnostic Centers