Mexico Mammography Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 38.75 Million |
| Market Size (2029) | USD 54.72 Million |
| CAGR (2024 - 2029) | 7.15 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Mammography Market Analysis
The Mexico Mammography Market size is estimated at USD 38.75 million in 2024, and is expected to reach USD 54.72 million by 2029, growing at a CAGR of 7.15% during the forecast period (2024-2029).
As a result of the COVID-19 pandemic, numerous surgeries and treatments were halted, raising concerns regarding the length of the delay before the diseases pose a risk to the patient's health. Likewise, the impact of the pandemic on the Mexican mammography market was fairly adverse on account of the postponement or cancellation of elective procedures. To curb the spread of the virus, the Mexican government undertook several reforms by limiting the use of healthcare facilities for patients other than those suffering from COVID-19. As breast cancer screening was listed as an elective procedure, numerous appointments were rescheduled or canceled in March 2020, depending on the situation in particular areas of the country. As a result, the number of mammography procedures declined on account of movement restrictions and social distancing norms. As per the data published by the World Health Organization in March 2022, COVID-19 resulted in delayed screening of breast cancer across Mexico which has led to complications among the women having breast cancer. Hence, it is observed that the market studied was significantly hampered during the COVID pandemic.
The major factors affecting the growth of the market are the rising incidence of breast cancer, huge R&D in breast cancer therapies, and advances in breast imaging modalities. Over the past few years, the market for mammography devices has been expanding in Mexico due to the growth of its per capita income, increase in healthcare investment, and the availability of domestic and foreign companies selling their products. Additionally, factors such as the growing prevalence of breast cancer, technological advancements in the field of breast imaging, and the investment from various organizations in breast cancer screening campaigns affect the market's growth. Additionally, according to the World Health Organization, the number of mammographs done per 10,000 breast cancer patients was 64.4 in 2020. Although this number is slightly low, since Mexico is an upper-middle-income country, it is relatively high compared to developing countries. Additionally, the Globocan 2020 report stated that as of 2020, Mexico saw 29,929 cases of breast cancer, and breast cancer was ranked number one by both incidence and mortality. This is expected to boost the demand for mammography devices. Thus, the availability of advanced mammography services and high disease incidence are expected to boost market growth during the forecast period.
Mexico Mammography Market Trends
This section covers the major market trends shaping the Mexico Mammography Market according to our research experts:
Breast Tomosynthesis is Expected to Witness Healthy Growth Over the Forecast Period
Breast tomosynthesis, also known as digital breast tomosynthesis (DBT)/3D mammography, is a new technology that helps in improving the radiologist's ability to diagnose breast cancer. These types of mammography use a series of two-dimensional images to build three-dimensional images of the breast.
In December 2020, Martha T. Manda-Mapalo, published the article' Breast Cancer Screening Among Medically Underserved Women: Potential for Lower Recall Rates with Digital Breast Tomosynthesis,' comparing recall rates, cancer detection rates, positive predictive values of full-field digital mammography (FFDM) plus Digital breast tomosynthesis and FFDM in screening mammograms at the University of New Mexico. The study concluded that a 30% relative risk reduction in RRs was observed with FFDM+DBT. The same study stated that qualitative interviews suggested that women are aware of and receptive to DBT, with adequate educational support.
Lourdes Noemi Santos Aragon of Radiology, ABC Medical Center IAP, Mexico, published the article 'Effectiveness of Tomosynthesis Versus Digital Mammography in the Diagnosis of Suspicious Lesions for Breast Cancer in an Asymptomatic Population' in 2021, stating even in asymptomatic patients, 20 breast cancers were detected, with a sensitivity of 54% and a specificity of 88%, exceeding the specificity of diagnostic mammography. The study concluded that tomosynthesis increases sensitivity and specificity over diagnostic mammography.
The growing research and funding in the country regarding advanced digital breast tomosynthesis are expected to boost segment growth, and the growing medical tourism will demand advanced diagnosing methods, resulting in the growth of the segment in the country.
Mexico Mammography Industry Overview
The Mexican mammography market is a consolidated one, owing to the presence of a few major players in the market. The major market players are focusing on technological advancements and reducing the side effects of the procedures. Some of the major players in the market are Analogic Corporation, Canon Medical Systems Corporation, Fujifilm Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips NV, and Siemens Healthineers.
Mexico Mammography Market Leaders
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Siemens AG
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Hologic Inc.
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GE Healthcare
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Planmed OY
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Fujifilm Holdings Corporation
*Disclaimer: Major Players sorted in no particular order
Mexico Mammography Market News
- In February 2022, Vara which is a German deep-tech startup partnered with Mamotest to launch the company's first International Breast Screening Unit in Mexico.
- In August 2020, Eva Tech, a Mexico-based startup that develops solutions to detect breast cancer on time, raised an investment round to expand the launch of its EVA Specialty Centers. These centers allow for timely breast cancer screening leading to demand services.
Mexico Mammography Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
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 Growing Burden of Breast Cancer
4.2.2 Technological Advancements in the Field of Breast Imaging
4.3 Market Restraints
4.3.1 Risk of Adverse Effects from 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 Type
5.1.1 Digital Systems
5.1.2 Analog Systems
5.1.3 Breast Tomosynthesis
5.1.4 Other Product Types
5.2 By End User
5.2.1 Hospitals
5.2.2 Specialty Clinics
5.2.3 Diagnostic Centers
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Canon Medical Systems Corporation
6.1.2 Fujifilm Holdings Corporation
6.1.3 GE Healthcare
6.1.4 Koninklijke Philips NV
6.1.5 Siemens Healthineers
6.1.6 Carestream Health Inc.
6.1.7 Hologic Inc.
6.1.8 Lunit Inc.
6.1.9 Planmed Oy
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico 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. Mexico Mammography Market is segmented by Product Type (Digital Systems, Analog Systems, Breast Tomosynthesis, and Other Product Types), End Users (Hospitals, Specialty Clinics, and Diagnostic Centers). The report offers the value (in USD million) for the above segments.
| By Product Type | |
| Digital Systems | |
| Analog Systems | |
| Breast Tomosynthesis | |
| Other Product Types |
| By End User | |
| Hospitals | |
| Specialty Clinics | |
| Diagnostic Centers |
Mexico Mammography Market Research FAQs
How big is the Mexico Mammography Market?
The Mexico Mammography Market size is expected to reach USD 38.75 million in 2024 and grow at a CAGR of 7.15% to reach USD 54.72 million by 2029.
What is the current Mexico Mammography Market size?
In 2024, the Mexico Mammography Market size is expected to reach USD 38.75 million.
Who are the key players in Mexico Mammography Market?
Siemens AG, Hologic Inc., GE Healthcare, Planmed OY and Fujifilm Holdings Corporation are the major companies operating in the Mexico Mammography Market.
What years does this Mexico Mammography Market cover, and what was the market size in 2023?
In 2023, the Mexico Mammography Market size was estimated at USD 36.16 million. The report covers the Mexico Mammography Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Mammography Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Mammography Industry Report
Statistics for the 2024 Mexico Mammography market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Mammography analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
