South America Mammography Market Size (2024 - 2029)

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. For instance, in a study published by JCO Global Oncology in February 2024, breast cancer was diagnosed as the most common cancer among women in Latin America (LA) and the Caribbean. Increased focus on early detection strategies and wider accessibility to mammography services can potentially improve the outlook for women diagnosed with breast cancer in this region. 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, the expansion across Latin America will improve breast cancer screening and care. For instance, in April 2023, Mamotest, an Argentina-based startup, made significant strides in improving access to breast cancer screening in Latin America and beyond. Following its success in Argentina, Mamotest is expanding its state-of-the-art diagnostic centers to Mexico, Costa Rica, Brazil, and even Spain. This signifies a wider reach and potentially improved breast cancer screening rates across a larger population, contributing to the market's growth.

The South American mammography market has experienced substantial growth, fueled by increasing awareness and the need for early breast cancer detection. For instance, in a study published in September 2023, Daiichi Sankyo Brasil, in partnership with the non-profit organization Américas Amigas, launched an ambitious project to bring essential breast cancer screening services to remote areas of the Amazon. Similarly, over a period of 95 days, from June to September 2022, a mammography truck traveled across six cities in the region, providing free exams and consultations to 4,742 women. Therefore, the South American mammography market is poised for continued expansion, driven by increased demand for accessible and quality healthcare services.

Furthermore, most market players focus on technological advancements in their 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 American mammography market is segmented by product and end user. By product, the market is divided into digital systems, analog systems, breast tomosynthesis, film screen mammography systems, and other products. By end user, the market is divided into hospitals, specialty clinics, and diagnostic centers. By country, the market is divided into Brazil, Argentina, and the Rest of South America. The report offers the value (USD) for the above segments.