Market Size of South America Mammography Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 103.63 Million |
| Market Size (2029) | USD 160.40 Million |
| CAGR (2024 - 2029) | 9.13 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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. Breast cancer is the leading cause of cancer death, with about 43,000 deaths annually in Latin America and the Caribbean as per the data of Pan American Health Organization. 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, most of the market players are focusing on the technological advancements of the 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.
