South America Mammography Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 103.63 Million |
| Market Size (2029) | USD 160.40 Million |
| CAGR (2024 - 2029) | 9.13 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Mammography Market Analysis
The South America Mammography Market size is estimated at USD 103.63 million in 2024, and is expected to reach USD 160.40 million by 2029, growing at a CAGR of 9.13% during the forecast period (2024-2029).
The major factors for the growth of the South American mammography market include the rising incidences of breast cancer, research and development in the field of breast cancer therapies, and advancements in the technologies of breast imaging modalities.
The rising incidence of breast cancer in the region is expected to drive the overall growth of the market over the forecast period. Breast cancer is the leading cause of cancer death, with about 43,000 deaths annually in Latin America and the Caribbean as per the data of Pan American Health Organization. The prevalence of breast cancer is rising in South America, owing to the increased prevalence of hormonally-linked factors, such as delayed childbearing and lower parity, as well as lifestyle risk factors. The rising cases of breast cancer may create a huge demand for safe and accurate diagnosis of the disease.
Furthermore, most of the market players are focusing on the technological advancements of the products. Thus, owing to the rising cases of breast cancer, the South American mammography market is expected to witness high growth over the forecast period.
South America Mammography Market Trends
Digital Mammography Systems Segment is Expected to Witness Significant Growth Over the Forecast Period
The digital mammography segment is anticipated to witness significant growth in the market over the forecast period owing to the factors such as rising breast cancer cases as well as increasing adoption of a digital system for breast screening.
In digital mammography, solid-state detectors take the place of X-ray films to produce images of the breasts by converting X-rays into electrical signals. Digital mammography systems use digital sensors and computers to check for the presence of tumors in breast tissues and the electrical signals produce images of the breast on special film similar to conventional mammograms.
Several advantages offered by digital mammographies, such as permitting rapid and accurate needle placement, speeding the biopsy procedure and minimizing discomfort, using less radiation, having better picture clarity, and the ability to alter the photos afterward, over other systems make it a more preferred choice during breast cancer screening.
Furthermore, the rising company focus on adopting various key strategies such as partnerships, collaboration, and others increases the development of novel and technologically advanced mammography systems. This is also expected to boost the segment's growth over the forecast period. For instance, in July 2021, Pro Mujer partnered with Mamotest to provide mammograms to more than 3,000 women in Jujuy, a province in Argentina's remote northwest. The partnership allows Pro Mujer patients, in the Jujuy province, more access to state-of-the-art digital mammography services.
Therefore, due to the aforementioned factors, such as the advantages offered by digital mammograms, and increasing company activities, the studied segment is expected to grow over the forecast period.
Brazil is Expected to Have the Significant Market Share Over the Forecast Period
Brazil is expected to hold a significant share of the mammography market over the forecast period owing to the factors such as the growing burden of breast cancer, rising awareness about breast cancer screening, and technological advancements.
The increasing incidences of breast cancer among the population raise the need to early detect and screen cancer which in turn is anticipated to fuel the demand for mammograms, thereby propelling the market growth. For instance, according to the 2023 statistics published by the GCO, about 121,177 new breast cancer cases are expected to be diagnosed in 2035, in Brazil as compared to 88,492 cases during the pandemic period (2020).
Furthermore, the strategic initiatives by market players to expand breast cancer screening are also expected to propel the market growth over the forecast period. For instance, in June 2022, Agendia, Inc. launched early access to its Digital MammaPrint platform for patients with breast cancer in Brazil. This launch assists the company to expand its offerings in the country to provide essential information from cancer testing to the larger global breast cancer community. The Digital MammaPrint allows physicians and their patients to benefit from genomic insights derived from a digitized image of a breast cancer tumor.
Therefore, owing to the aforementioned factors, such as the high burden of breast cancer and new product launches, the studied market is anticipated to grow in Brazil over the forecast period.
South America Mammography Industry Overview
The South American mammography market is consolidated, owing to the presence of a few major players. Some of the key players in the market are focusing on technological developments in mammography equipment. Some of the players in the market include Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips NV, and Siemens Healthineers.
South America Mammography Market Leaders
-
Fujifilm Corporation
-
GE Healthcare
-
Koninklijke Philips NV
-
Planmed Oy
-
Siemens Healthineers
*Disclaimer: Major Players sorted in no particular order
South America Mammography Market News
- Oct 2022, the Argentinean union Futbolistas Argentinos Agremiados (FAA) purchased a high-tech digital mammography unit that offers free care to its affiliated women's players.
- Feb 2022: IAEA installed two new mammography units on Brazilian navy ships delivering vital health services along South America's biggest waterway. This increases access to breast cancer screening in Brazil.
South America Mammography Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Defination
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rising Incidences of Breast Cancer
- 4.2.2 Research and Development in the Field of Breast Cancer Therapies
- 4.2.3 Increasing Awareness Regarding Breast Cancer and its Screening
-
4.3 Market Restraints
- 4.3.1 Risk of Adverse Effects of Radiation Exposure
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
-
5.1 By Product
- 5.1.1 Digital Systems
- 5.1.2 Analog Systems
- 5.1.3 Breast Tomosynthesis
- 5.1.4 Film Screen Mammography Systems
- 5.1.5 Other Products
-
5.2 By End User
- 5.2.1 Hospitals
- 5.2.2 Specialty Clinics
- 5.2.3 Diagnostic Centers
-
5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 Canon Medical Systems Corporation
- 6.1.2 Fujifilm Corporation
- 6.1.3 GE Healthcare
- 6.1.4 Hologic Inc.
- 6.1.5 IMS Giotto SPA
- 6.1.6 Koninklijke Philips NV
- 6.1.7 Planmed Oy
- 6.1.8 Siemens Healthineers
- 6.1.9 Neusoft Medical
- 6.1.10 Konica Minolta
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Mammography Industry Segmentation
As per the scope of the report, 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.
The South America Mammography Market is Segmented by Product (Digital Systems, Analog Systems, Breast Tomosynthesis, Film Screen Mammography Systems, and Other Products), End User (Hospitals, Specialty Clinics, and Diagnostic Centers), and Geography. The report offers the value (in USD million) for the above segments.
| By Product | Digital Systems |
| Analog Systems | |
| Breast Tomosynthesis | |
| Film Screen Mammography Systems | |
| Other Products | |
| By End User | Hospitals |
| Specialty Clinics | |
| Diagnostic Centers | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
South America Mammography Market Research FAQs
How big is the South America Mammography Market?
The South America Mammography Market size is expected to reach USD 103.63 million in 2024 and grow at a CAGR of 9.13% to reach USD 160.40 million by 2029.
What is the current South America Mammography Market size?
In 2024, the South America Mammography Market size is expected to reach USD 103.63 million.
Who are the key players in South America Mammography Market?
Fujifilm Corporation, GE Healthcare, Koninklijke Philips NV, Planmed Oy and Siemens Healthineers are the major companies operating in the South America Mammography Market.
What years does this South America Mammography Market cover, and what was the market size in 2023?
In 2023, the South America Mammography Market size was estimated at USD 94.96 million. The report covers the South America Mammography Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Mammography Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Mammography Industry Report
Statistics for the 2024 South America Mammography market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Mammography analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
