Latin America Breast Cancer Diagnostics Market Size & Outlook
Latin America breast cancer diagnostics market, 2018-2030 (US$M)
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Latin America breast cancer diagnostics market highlights
- The Latin America breast cancer diagnostics market generated a revenue of USD 780.5 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 780.5 million |
| Market revenue in 2030 | USD 1,352.7 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing |
| Key market players worldwide | BD, Danaher Corp, Koninklijke Philips NV, Qiagen NV, Thermo Fisher Scientific Inc, Myriad Genetics Inc, Argon Medical Devices, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.5% of the global breast cancer diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,801.1 million by 2030.
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Breast Cancer Diagnostics Market Scope
Breast Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America breast cancer diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to breast cancer diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 64.69% in 2023. Horizon Databook has segmented the Latin America breast cancer diagnostics market based on hospitals, outpatient facilities, home care, research & manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America includes Mexico and Brazil. Increase in the incidence of breast cancer and rapid economic development, especially in Mexico, are major factors expected to propel regional market growth over the forecast period. Although this region has high unmet patient needs, capitalization of market opportunities is difficult owing to the lack of appropriate healthcare infrastructure.
However, technological advancements are expected to contribute to market growth. Increase in government spending, presence of skilled healthcare professionals, rise in focus of multinational diagnostics companies to capture the untapped markets, and increase in patient awareness are expected to drive the market over the forecast period.
Moreover, increasing number of private–public partnerships to promote research on cancer targeted drugs development, along with rising R&D activities and funding for cancer research, is likely to contribute to market growth during the forecast period.
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Our clientele includes a mix of breast cancer diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America breast cancer diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America breast cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America breast cancer diagnostics market size, by country, 2018-2030 (US$M)
Latin America Breast Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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