According to the report Latin America Diagnostic Imaging Industry, published by Market Data Forecast, The Industry 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 Industry has applications in several medical arenas like cardiology, neurology, and orthopaedics.
The growth of the Latin America Diagnostic Imaging Industry 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 Industry.
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The Latin America Diagnostic Imaging Industry is segmented based on Type and Application. The Industry for Diagnostic Imaging, on the basis of type is segmented into X-Rays, Nuclear Medicine, Ultrasound, MRI, Tomography, Photoacoustic Imaging, Thermography, Tactile Imaging, Elastography, Functional near infrared spectroscopy, Echocardiography. Each modality is further separated into sub segments. The X-ray and ultrasound systems Industry is segmented on the basis of technology and portability respectively. The nuclear imaging systems Industry is characterised into Scintigraphy, PET Imaging, and SPECT Imaging. On the basis of Application, the Diagnostic Imaging Industry is segmented into Cardiology, Oncology, Neurology, Orthopaedics, Gastroenterology, Gynaecology, and Others. Tomography is a widely used method as it increases the chances of cancer discovery and decreases the cases of the patient being called for further tests. 3D imaging is anticipated to grow in all Industrys during the forecast period.
Latin America Industry region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil accounts for the major part of the Diagnostic Imaging Industry in this region followed by Argentina. Other significant Industrys in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
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Some of the major companies dominating this Industry are GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Hologic Inc., Fujifilm Corporation, and Shimadzu Corporation.
Key Points from Table of Contents
Overview
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Latin America Diagnostic Imaging Industry: Segmentation
- By Type
- X-Rays
- Nuclear Medicine
- Ultrasound
- MRI
- Tomography
- Photoacoustic Imaging
- Thermography
- Tactile Imaging
- Elastography
- Functional near infrared spectroscopy
- Echocardiography
- By Application
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Gastroenterology
- Gynecology
- Others
Geographical Analysis
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Strategic Analysis
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders’ Analysis
Competitive Landscape
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