Market Trends of South America Mammography Industry
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.
