Market Size of South America Mammography Industry
| 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 |
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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 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 Size Summary
The South American mammography market is poised for significant growth, driven by the increasing incidence of breast cancer and advancements in breast imaging technologies. The rising prevalence of hormonally-linked and lifestyle risk factors has contributed to a surge in breast cancer cases, necessitating accurate and safe diagnostic solutions. This demand is further bolstered by the focus of market players on technological innovations, particularly in digital mammography, which offers advantages such as improved image clarity, reduced radiation exposure, and enhanced biopsy procedures. The adoption of digital systems for breast screening is expected to be a key growth driver, supported by strategic partnerships and collaborations aimed at expanding access to advanced mammography services across the region.
Brazil is anticipated to hold a significant share of the market, fueled by the growing burden of breast cancer and increased awareness of screening methods. The need for early detection and screening is critical, given the rising number of breast cancer cases, which is expected to drive demand for mammograms. Strategic initiatives by market players, such as the launch of new digital platforms and the installation of mammography units, are expected to further propel market growth. The market is characterized by a few major players, including Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips NV, and Siemens Healthineers, who are actively engaged in technological developments to enhance mammography equipment and services in the region.
South America Mammography Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Incidences of Breast Cancer
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1.2.2 Research and Development in the Field of Breast Cancer Therapies
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1.2.3 Increasing Awareness Regarding Breast Cancer and its Screening
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1.3 Market Restraints
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1.3.1 Risk of Adverse Effects of Radiation Exposure
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Product
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2.1.1 Digital Systems
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2.1.2 Analog Systems
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2.1.3 Breast Tomosynthesis
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2.1.4 Film Screen Mammography Systems
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2.1.5 Other Products
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Specialty Clinics
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2.2.3 Diagnostic Centers
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Mammography Market Size 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.
