Latin America Head and Neck Cancer Diagnostics Market by Test Type (Diagnostic imaging, Biopsy, Endoscopy and Dental diagnostics), and by Region – Industry Analysis, Size, Share, Growth, Trends, and Forecast (2016 – 2021)
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The Latin America head and neck cancer diagnostics market is currently valued at $533.76 million and is expected to be a $942.77 million market by the end of 2020 with a CAGR of nearly 12.05% during the forecast period. Head and Neck cancer is one of the most prevalent and a common type of cancer worldwide.
As the root cause of many of these cancers are the higher intake of tobacco and alcohol, it is most prevalent in those regions where the consumption is high. Detection of cancer in early stages and appropriate treatment offer the best possible cure for these diseases.
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The primary reason for the growth in the market is attributed to the increasing number of diagnostic procedures for head and neck cancer, particularly the procedures for the diagnosis of pharyngeal and oral cancers.
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The segmentation of the Latin America Head & Neck cancer diagnostic market based on the type of tests involved is divided into Dental diagnostics, Diagnostic imaging, Endoscopy and Biopsy. Furthermore, on geographical basis, the Latin America Market is segmented into various regions namely, Argentina, Brazil and Mexico.
With an increase in the demand for diagnostic imaging, incorporation of novel technologies in diagnostic equipment and advances in treatment modes, it is expected that the market growth is further going to propel during the forecast period. And also, with in increasing incidences of the disease, the head and neck cancer diagnostics market is believed to increase year on year.
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There is an increased prevalence of chronic diseases due to rise in aging population, especially cancers relating to head and neck, increasing awareness among the individuals towards cancer. This results in rise in the healthcare expenditure of government.
However, Low Adoption Rate of Digital Technology Based Systems, Conventional CT and MRI Scanners, Excise Duty Imposed on Sale of Medical Devices in Mature Markets
Some of the key players influencing the market dynamics Philips Healthcare, Siemens Healthcare, Varian Medical Systems, Shimadzu Corporation, GE Healthcare, Shimadzu Corporation, Identafi, Velscope VX, AdDent Inc.
1) By Test type
I) Diagnostic imaging
IV) Dental diagnostics
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Scope of the Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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