According to the report Latin America Diagnostic Imaging Market, published by Market Data Forecast, The Market was worth $1.94 billion in 2016 and estimated to be growing at a CAGR of 6.30%, to reach $2.64 billion by 2021.
Medical imaging is the method of making a visual image of the inside of the body for medical intervention. These devices aid in creating a databank of normal anatomy and physiology of internal organs so that any irregularity can be observed immediately.
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The capability to generate pictures of a patient’s internal anatomy and alter them to film through diagnostic imaging has transformed the way many diseases and injuries are spotted, diagnosed, and treated. This market has applications in several medical arenas like cardiology, neurology, and orthopaedics.
The growth of the Latin America Diagnostic Imaging Market is mainly driven by factors such as rise in aging population, increasing prevalence of cancer and cardiac, neurological, and musculoskeletal disorders, and rising number of diagnostic imaging techniques. However, factors such as high costs of medical procedures and poor accessibility of proper health care in this part of the world are hindering the growth of the market.
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Latin America Diagnostic Imaging Market: Segmentation
- o Portable X-Rays
- o Handheld X-Rays
- Nuclear Medicine
- o Scintigraphy
- o PET Imaging
- o SPECT Imaging
- o 2D
- o 3D
- o 4D
- o Doppler Imaging
- Photoacoustic Imaging
- Tactile Imaging
- Functional near infrared spectroscopy
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil accounts for the major part of the Diagnostic Imaging market in this region followed by Argentina.
Other significant markets in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
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Reasons to access Latin America Diagnostic Imaging Market 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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Some of the major companies dominating this market are GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Hologic Inc., Fujifilm Corporation, and Shimadzu Corporation.
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