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South and Central America Medical Imaging Market

2021

South and Central America Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, and Others); End User (Hospitals, OP Centers, Clinicians Offices, and Emergency Care Centers)

Publication Month: Oct 2021 | Report Code: TIPRE00025114 | No. of Pages: 144 | Category: Medical Device | Status: Published

Market Insights

South and Central America Medical Imaging Market to Grow at a CAGR of 3.1% to reach US$ 1,316.8 million Million from 2021 to 2028

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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.


Big data analytics is revolutionizing healthcare in general, so it is no surprise that there is much to look forward to in the future of analytics in medical imaging. For example, analytics are often used to detect patterns specific to a certain pathology. Imaging algorithms can derive metrics using intensive analysis of these patterns in a digital image, and then deliver scores that complement any analyses made by the radiologist, resulting in quicker, customized, and accurate diagnoses. In an article on ITN, Dhaval Shah and Prashanth Kollaikal of CitiusTech discussed the promising potential of big data in diagnostic imaging. “We can look forward to new and interesting features in the radiology information system (RIS) and PACS systems, especially those in the cloud, which might include analytics and impressive reports on operational and clinical data,” states Shah. Enterprise-wide key performance indicators (KPIs) derive from a variety of existing sources. Then, these KPIs are used to suit the needs of the provider, taking clinical efficiency, operational efficiency, and patient comfort into consideration. Even though these KPIs have been used for optimization for many years now, overall efficiency can be easily measured and greatly improved with the technological aptitude of devices, increased modalities, advanced software systems, and mobile devices.

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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the medical imaging market. The South and Central America medical imaging market is expected to grow at a good CAGR during the forecast period.

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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

  • General Electric Company
  • Siemens AG
  • Koninklijke Philips N.V.
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Canon Inc.
  • Hologic, Inc.
  • Carestream Health Inc.
  • ESAOTE SPA
  • Samsung Group

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Medical Imaging Market – By Product

1.3.2 Medical Imaging Market – By End User

1.3.3 South and Central America Medical Imaging Market – By Country

2. South and Central America Medical Imaging Market Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. South and Central America Medical Imaging Market Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Medical Imaging Market- South and Central America PEST Analysis

4.3 Expert Opinion

5. South and Central America Medical Imaging Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Introduction of Technologically Advanced Systems

5.1.2 Increasing Demand for Early Diagnosis

5.2 Market Restraints

5.2.1 Declining Reimbursements

5.3 Market Opportunities

5.3.1 Big Data and Analytics

5.4 Future Trends

5.4.1 3D Capabilities

5.5 Impact Analysis

6. Medical Imaging Market – South and Central America Analysis

6.1 South and Central America Medical Imaging Market Revenue Forecasts and Analysis

7. South and Central America Medical Imaging Market Analysis and Forecasts To 2028 – By Product

7.1 Overview

7.2 Medical Imaging Market Revenue Share, by Product 2020 and 2028)

7.3 CT Systems

7.3.1 Overview

7.3.2 CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.4 X-Ray Systems

7.4.1 Overview

7.4.2 X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.5 MRI Systems

7.5.1 Overview

7.5.2 MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.6 PET Systems

7.6.1 Overview

7.6.2 PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Ultrasound Systems

7.7.1 Overview

7.7.2 Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

8. Medical Imaging Market Analysis – By End User

8.1 Overview

8.2 Medical Imaging Market, by End User, 2020 and 2028 (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.4 OP Centers

8.4.1 Overview

8.4.2 OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Clinician’s Office

8.5.1 Overview

8.5.2 Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Emergency Care Centers

8.6.1 Overview

8.6.2 Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

9. Medical Imaging Market Revenue and Forecasts to 2028 – Geographical Analysis

9.1 South and Central America: Medical Imaging Market

9.1.1 Overview

9.1.2 South and Central America: Medical Imaging Market, by Country, 2020 & 2028 (%)

9.1.2.1 Brazil: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.1 Brazil: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 Brazil: Medical Imaging Market, by Product, 2019–2028 (USD Million)

9.1.2.1.3 Brazil: Medical Imaging Market, End User, 2019–2028 (USD Million)

9.1.2.2 Argentina: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.1 Argentina: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2 Argentina: Medical Imaging Market, by Product, 2019–2028 (USD Million)

9.1.2.2.3 Argentina: Medical Imaging Market, End User, 2019–2028 (USD Million)

9.1.2.3 Rest of South and Central America: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.1 Rest of South and Central America: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2 Rest of South and Central America: Medical Imaging Market, by Product, 2019–2028 (USD Million)

9.1.2.3.3 Rest of South and Central America: Medical Imaging Market, End User, 2019–2028 (USD Million)

10. Impact Of COVID-19 Pandemic on South and Central America Medical Imaging Market

10.1 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 General Electric Company

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Siemens AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Koninklijke Philips N.V.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SHIMADZU CORPORATION

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Hitachi, Ltd.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Canon Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Hologic, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Carestream Health Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 ESAOTE SPA

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Samsung Group

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. Brazil: Medical Imaging Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2. Brazil: Medical Imaging Market, End User – Revenue and Forecast to 2028 (USD Million)

Table 3. Argentina: Medical Imaging Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 4. Argentina: Medical Imaging Market, End User – Revenue and Forecast to 2028 (USD Million)

Table 5. Rest of South and Central America: Medical Imaging Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 6. Rest of South and Central America: Medical Imaging Market, End User – Revenue and Forecast to 2028 (USD Million)

Table 7. Organic Developments Done By Companies

Table 8. Inorganic Developments Done by Companies

Table 9. Glossary of Terms, Medical imaging Market


LIST OF FIGURES

Figure 1. Medical Imaging Market Segmentation

Figure 2. South and Central America Medical Imaging Market Overview

Figure 3. X-ray Systems Segment Held Largest Share Of Product In Medical Imaging Market

Figure 4. Brazil is Expected to Show Remarkable Growth During the Forecast Period

Figure 5. Medical Imaging Market - South and Central America PEST Analysis

Figure 6. Medical Imaging Market Impact Analysis of Driver and Restraints

Figure 7. South and Central America Medical Imaging Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8. Medical Imaging Market Revenue Share, by Product (2020 and 2028)

Figure 9. CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 10. X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 11. MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12. PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13. Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14. Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. Medical Imaging Market, by End User, 2020 and 2028 (%)

Figure 16. Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. South and Central America: Medical Imaging Market, by Key Country – Revenue (2020) (USD Million)

Figure 21. South and Central America: Medical Imaging Market, by Country, 2020 & 2028 (%)

Figure 22. Brazil: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

Figure 23. Argentina: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

Figure 24. Rest of South and Central America: Medical Imaging Market – Revenue and Forecast to 2028 (USD Million)

Figure 25. Impact of COVID-19 Pandemic in South and Central America Country Markets

Figure 26. Growth Strategies Done by the Companies in the Market, (%)

  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

               

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America medical imaging market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South and Central America medical imaging market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the medical imaging market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00025114
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