South and Central America Medical Imaging Market

Market Introduction

Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnostic and treatment purposes within digital health. The term, medical imaging, includes various radiological imaging techniques such as: X-ray radiography, Fluoroscopy, Magnetic resonance imaging (MRI), Medical ultrasonography or ultrasound, Endoscopy, Elastography, Tactile imaging, Thermography, Medical photography and nuclear medicine functional imaging techniques e.g., positron emission tomography (PET). Medical imaging is crucial in every medical setting and at all levels of healthcare.

Thus, the increasing demand for early diagnosis are expected to create a significant demand for medical imaging in the coming years, which is further anticipated to drive the medical imaging market.

Countries like Brazil and Argentina have also registered many positive coronavirus infection cases. These regions are developing in terms of the healthcare and medical service industry. The countries in these regions are highly dependent on medical devices imported from developed countries. Therefore, countries have faced several challenges with their requirements for medical imaging systems due to severe disruption in supply chains.  Health authorities are worrying that attempting to fight the coronavirus will indirectly contribute to an increase in deaths of ill patients, including cancer patients, gynecology patients, and other causes. The death pool of ill patients in low-cost regions is expected to increase because healthcare professionals are having limited their patients checking as many clinics as possible, diagnostic centers, ambulatory surgery centers have limited resources and staff. However, there has been a spur in demand for imaging modalities such as computed tomography and ultrasound systems to manage the treatment of patients suffering with COVID-19. Countries were severely hit by the pandemic and deployed large number of chests imaging every single day. These factors thus encouraged the growth of the medical imaging market in this region.

South and Central America Medical Imaging Strategic Insights

Strategic insights for the South and Central America Medical Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Medical Imaging Report Scope

South and Central America Medical Imaging Regional Insights

The geographic scope of the South and Central America Medical Imaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Medical imaging market in South and Central America is expected to grow from US$ 1,065.0 million in 2021 to US$ 1,316.8 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Diagnostic testing is an integral part of the healthcare system, providing essential information to enable providers and patients to make the right clinical decisions. Indeed, around 75% of clinical decisions are based on a diagnostic test. Demand for access to quicker and accurate diagnosis is rising at a rate of 10% per year, increasing the cost and putting pressure on the capacity and capability of diagnostic providers. From the patient point of view, early detection and diagnosis can prevent unnecessary pain and suffering. It can also reduce the scale and cost of treatment. A large body of research links early diagnosis to measurable health gains, such as improved survival rates and lower treatment costs. Further, government awareness will further propel the market growth.

Key Market Segments

In terms of product, the X-ray systems segment accounted for the largest share of the South and Central America medical imaging market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the South and Central America medical imaging market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical imaging market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group.

Reasons to buy report

• To understand the South and Central America Medical imaging market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America Medical imaging market
• Efficiently plan M&A and partnership deals in South and Central America Medical imaging market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America Medical imaging market
• Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

SOUTH AND CENTRAL AMERICA MEDICAL IMAGING MARKET SEGMENTATION

By Product

• CT Systems
• X-ray Systems
• PET Systems
• MRI systems
• Ultrasound Systems
• Others

By End User

•  Hospitals
• OP Centres
• Clinicians Offices
• Emergency Care Centres

By Country

• South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America

Companies Mentioned

1. General Electric Company               
2. Siemens AG           
3. Koninklijke Philips N.V.     
4. Shimadzu Corporation      
5. Hitachi, Ltd.           
6. Canon Inc.              
7. Hologic, Inc.          
8. Carestream Health Inc.     
9. ESAOTE SPA          
10. Samsung Group