According to Coherent Market Insights, the Latin America oncology device market is estimated to be valued at US$ 31.08 million in 2020 and is expected to exhibit a CAGR of 5.5 % over the forecast period (2020-2027).
Key Trends and Analysis of the Latin America Oncology Device Market:
Latin America oncology device market is expected to experience significant growth owing to the increase in prevalence of cancer in the region. For instance, in 2018, according to the American Cancer Society report 2018, around 1.3 million new cancer cases and 666,000 cancer deaths occurred in Latin America and the Caribbean. Moreover, according to the same source, out of all the cancer cases the number of prostate, breast, and colorectal cancer cases is high in the Latin America and Caribbean region.
Moreover, key players operating in the market are focusing on the launch and approval of novel devices for the treatment of