South America Mammography Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 103.63 Million |
| Market Size (2029) | USD 160.40 Million |
| CAGR (2024 - 2029) | 9.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 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 factors such as rising breast cancer cases and 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 electrical signals produce images of the breasts on special film, which is 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's focus on adopting various key strategies such as partnerships, collaboration, and others has increased 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 February 2022, the International Atomic Energy Agency (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. This will benefit regions like Colombia, Guyana, Peru, Suriname, and Venezuela by offering screening services to these communities. This initiative has the potential to improve early detection rates, thereby increasing the adoption of mammography systems in the country.
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 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 market growth. For instance, according to the Global Cancer Observatory, in February 2023, Brazil was expected to see a significant increase in breast cancer cases, with projections estimating 3.19 million new diagnoses by 2040. Overall, the projected surge in breast cancer cases in Brazil presents a significant driver for the mammography device market.
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 in expanding 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 market studied 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. Manufacturers focusing on affordability, accessibility, cutting-edge technology, and reliable service will likely determine which companies gain a competitive edge in this growing market. 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 Holdings Corporation, GE Healthcare, Hologic Inc., Planmeca Group (Planmed OY), Koninklijke Philips NV, and Siemens Healthineers.
South America Mammography Market Leaders
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GE Healthcare
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Koninklijke Philips NV
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Siemens Healthineers
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Fujifilm Holdings Corporation
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Planmeca Group (Planmed OY)
*Disclaimer: Major Players sorted in no particular order
South America Mammography Market News
- October 2023: Starbucks South Cone in Chile launched an informative campaign in collaboration with the Arturo López Pérez Foundation (FALP). This month-long initiative, coinciding with Pink Month, will see informative materials distributed and in-store discussions held across Starbucks stores. This campaign highlights Starbucks' commitment to supporting non-profit organizations fighting breast cancer.
- October 2023: The Tomosynthesis Mammographic Imaging Screening Trial, a major NCI-funded study, enrolled nearly 93,000 women to date, with a target of 128,000 participants. This trial is actively running in several countries, including Argentina, and aims to evaluate the efficacy of 3D versus 2D mammography imaging. This study represents a critical step in enhancing breast cancer screening practices and may drive advancements and adoption of 3D mammography technology across the region.
South America Mammography Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption 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 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)
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 By 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 Holdings 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 Planmeca Group (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 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.
| By Product | |
| Digital Systems | |
| Analog Systems | |
| Breast Tomosynthesis | |
| Film Screen Mammography Systems | |
| Other Products |
| By End User | |
| Hospitals | |
| Specialty Clinics | |
| Diagnostic Centers |
| By 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?
GE Healthcare, Koninklijke Philips NV, Siemens Healthineers, Fujifilm Holdings Corporation and Planmeca Group (Planmed OY) 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 94.17 million. The report covers the South America Mammography Market historical market size for years: 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.
