Argentina Mammography Market Size (2024 - 2029)

The Argentina mammography market is poised for growth, driven by factors such as the increasing prevalence of cancer, an aging population, and heightened awareness of the importance of early screening. The market's expansion is further supported by the adoption of tele-mammography, which enhances breast cancer detection and accessibility for at-risk women. Despite setbacks during the COVID-19 pandemic due to restrictions and reduced screening opportunities, demand has rebounded as services resumed and awareness campaigns emphasized the necessity of regular screenings. These elements collectively contribute to the anticipated growth in the market size over the forecast period.

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Market Size of Argentina Mammography Industry

Argentina Mammography Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 9.10 %

Major Players

Argentina Mammography Market Major Players

*Disclaimer: Major Players sorted in no particular order

Argentina Mammography Market Analysis

The Argentina Mammography Market is expected to register a CAGR of 9.10% during the forecast period(2024-2029).

The Argentina mammography market size is estimated at USD 22.91 million in 2023 and is expected to reach USD 35.41 million by 2028, registering a CAGR of 9.10% during the forecast period.

  • The COVID-19 pandemic had a substantial impact on the market studied. During the initial phase of the pandemic, Argentina's GDP growth had shrunk by 9.9% because of COVID-19. Two fundamental examinations, namely, breast ultrasounds and mammograms, were severely impacted because of the curbs and restrictions imposed on the closure of diagnostic and screening centers across Argentina. Patients hesitated for diagnostic and rehabilitation procedures due to the fear of infection. Thus, due to the COVID-19 pandemic, the market faced a slight setback owing to the delay in diagnosis, unavailability of screening facilities, and no remunerations offered by the state governments.
  • However, during the pandemic's later phases, many patients with breast cancer were infected with COVID-19. For instance, according to a study published in the Journal of Clinical Images and Medical Case Reports in February 2023, when a retrospective multicentre study in five different health medical centers in two cities in Argentina was conducted among cancer patients with severe COVID-19, breast cancer was found more prevalent (24%) among the COVID-19 patients. Hence, it increased the demand for mammography screening. In addition, as lockdowns and restrictions were relaxed, there was an increase in demand for mammography services during the current times. This is expected to contribute to the growth of the mammography market within the country over the forecast period.
  • The major factors affecting the market's growth are the increasing prevalence of cancer, the aging population, and increasing awareness urging people to have early screening.
  • Furthermore, a research study conducted in July 2021 to investigate the cost-effectiveness of tele-mammography for at-risk Argentinian women aged 40 and above concluded that adopting tele-mammography within the country is expected to increase breast cancer detection with higher sensitivity. As a result, this would increase women's access to breast cancer screenings, decreasing mortality associated with it. Additionally, In October 2022, more than 30 Argentine non-profit organizations in cancer awareness postponed World Breast Cancer Day within the framework of an awareness campaign on the need to stop postponing annual breast exams. They continued to postpone it day after day for two weeks to create awareness among the target population and generate a strong impact in the media. Hence, all these aforementioned factors are expected to drive the market growth in Argentina over the forecast period.

Argentina Mammography Industry Segmentation

Mammography refers to a standard diagnostic and screening technique that is used to screen breast tissues to check the presence of a malignant tumor. The process involves the usage of low-energy X-rays for the early detection of breast cancer. 

Argentina's mammography market is segmented by product type (digital systems, analog systems, breast tomosynthesis, and other product types) and end-users (hospitals, specialty clinics, and diagnostic centers). 

The report offers the value (in USD) for the above segments.

By Product Type
Digital Systems
Analog Systems
Breast Tomosynthesis
Other Product Types
By End-User
Hospitals
Specialty Clinics
Diagnostic Centers
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Argentina Mammography Market Size Summary

The Argentina mammography market is poised for significant growth, driven by an increasing prevalence of breast cancer and a rising awareness of the importance of early screening. The market has shown resilience despite the challenges posed by the COVID-19 pandemic, which initially disrupted diagnostic services due to restrictions and patient hesitance. However, the demand for mammography services has rebounded as lockdowns eased, and the prevalence of breast cancer among COVID-19 patients highlighted the need for regular screenings. The market is further bolstered by initiatives such as tele-mammography, which enhances detection sensitivity, and awareness campaigns aimed at encouraging annual breast exams. These factors, combined with the aging population, are expected to propel the market's expansion over the forecast period.

The market is characterized by the growing adoption of digital mammography systems, which offer superior image quality and ease of interpretation, making them preferable for detecting dense breast tissue and small tumors. The presence of major players like Siemens Healthineers and Konica Minolta, who are introducing advanced digital systems, is expected to drive segment growth. Additionally, the implementation of the National Cancer Control Plan by Argentina's National Cancer Institute aims to improve early detection and treatment access, further increasing the demand for mammography services. The consolidation of the market, with key players focusing on technological advancements, is set to enhance the availability and quality of mammography devices, supporting the market's growth trajectory in the coming years.

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Argentina Mammography Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Burden of Breast Cancer

      2. 1.2.2 Technological Advancements in the Field of Breast Imaging

    3. 1.3 Market Restraints

      1. 1.3.1 Risk of Adverse Effects from Radiation Exposure

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Product Type

      1. 2.1.1 Digital Systems

      2. 2.1.2 Analog Systems

      3. 2.1.3 Breast Tomosynthesis

      4. 2.1.4 Other Product Types

    2. 2.2 By End-User

      1. 2.2.1 Hospitals

      2. 2.2.2 Specialty Clinics

      3. 2.2.3 Diagnostic Centers

Argentina Mammography Market Size FAQs

The Argentina Mammography Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)

Siemens AG, GE Healthcare, Fujifilm Holdings Corporation, Hologic Inc. and Planmed OY are the major companies operating in the Argentina Mammography Market.

Argentina Mammography Market Report Snapshots

Argentina Mammography Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)