Argentina Mammography Market Size

Argentina Mammography Market Analysis

The Argentina Mammography Market is expected to register a CAGR of 9.10% during the forecast period(2024-2029).

The Argentina mammography market size is estimated at USD 22.91 million in 2023 and is expected to reach USD 35.41 million by 2028, registering a CAGR of 9.10% during the forecast period.

• The COVID-19 pandemic had a substantial impact on the market studied. During the initial phase of the pandemic, Argentina's GDP growth had shrunk by 9.9% because of COVID-19. Two fundamental examinations, namely, breast ultrasounds and mammograms, were severely impacted because of the curbs and restrictions imposed on the closure of diagnostic and screening centers across Argentina. Patients hesitated for diagnostic and rehabilitation procedures due to the fear of infection. Thus, due to the COVID-19 pandemic, the market faced a slight setback owing to the delay in diagnosis, unavailability of screening facilities, and no remunerations offered by the state governments.
• However, during the pandemic's later phases, many patients with breast cancer were infected with COVID-19. For instance, according to a study published in the Journal of Clinical Images and Medical Case Reports in February 2023, when a retrospective multicentre study in five different health medical centers in two cities in Argentina was conducted among cancer patients with severe COVID-19, breast cancer was found more prevalent (24%) among the COVID-19 patients. Hence, it increased the demand for mammography screening. In addition, as lockdowns and restrictions were relaxed, there was an increase in demand for mammography services during the current times. This is expected to contribute to the growth of the mammography market within the country over the forecast period.
• The major factors affecting the market's growth are the increasing prevalence of cancer, the aging population, and increasing awareness urging people to have early screening.
• Furthermore, a research study conducted in July 2021 to investigate the cost-effectiveness of tele-mammography for at-risk Argentinian women aged 40 and above concluded that adopting tele-mammography within the country is expected to increase breast cancer detection with higher sensitivity. As a result, this would increase women's access to breast cancer screenings, decreasing mortality associated with it. Additionally, In October 2022, more than 30 Argentine non-profit organizations in cancer awareness postponed World Breast Cancer Day within the framework of an awareness campaign on the need to stop postponing annual breast exams. They continued to postpone it day after day for two weeks to create awareness among the target population and generate a strong impact in the media. Hence, all these aforementioned factors are expected to drive the market growth in Argentina over the forecast period.