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Latin America Medical Imaging Market Size, Share & Trends Analysis Report by Product (Computed Tomography, Ultrasound), End-use (Hospitals, Diagnostic Imaging Centers), Country, and Segment Forecasts, 2024-2030

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    Report

  • 90 Pages
  • March 2024
  • Region: Latin America
  • Grand View Research
  • ID: 5950082
Description Jump to:

The Latin America Medical Imaging market size is anticipated to reach USD 3.84 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030. The increasing incidences of chronic diseases and advancements in imaging technology are significant factors contributing to market growth. According to the datasheet from the PRB, created as part of the IDEA project, cardiovascular disease, diabetes, most cancers, and chronic respiratory diseases are estimated to account for about 81% of deaths in Latin America and the Caribbean by 2030. The growing aging population in Latin America is another key factor driving the demand for medical imaging procedures. As people age, they become more susceptible to chronic diseases, increasing the need for medical imaging services.



Furthermore, increasing healthcare expenditure and government projects for infrastructure development are leading to increased availability and accessibility of medical imaging services in the region, thereby supporting market growth. Brazil dominated the overall market owing to factors, such as high healthcare infrastructure and rapid technological advancement. The market in Mexico is expected to witness the fastest CAGR from 2024 to 2030. Key industry players undertake various strategies to strengthen their market position. For instance, in January 2024, GE HealthCare acquired MIM Software. The company aims to utilize MIM Software's digital workflow capabilities and imaging analytics in diverse care areas to expedite innovation and distinguish its solutions for the global benefit of patients and healthcare systems.

Latin America Medical Imaging Market Report Highlights

  • Based on product, the ultrasound segment dominated the market with a share of 32.4% in 2023 due to technological advancements, cost considerations, its applications in point-of-care, and the integration of AI
  • The technology computed tomography segment is expected to grow at the fastest CAGR from 2024 to 2030. Healthcare providers in Latin America are adopting advanced CT systems to enhance patient care and outcomes, driving growth in the sector
  • The hospitals end-use segment dominated the market with a share of 42.4% in 2023 due to the high demand for advanced imaging modalities and the integration of surgical suits with imaging technologies
  • The diagnostic imaging centers end-use segment is anticipated to witness the fastest CAGR from 2024 to 2030. Diagnostic imaging centers offer cost-effective and efficient diagnostic solutions compared to traditional hospital-based imaging services

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. End-use
1.2.3. Regional
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. End-use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Latin America Medical Imaging Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Latin America Medical Imaging Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
3.3.2.4. Social landscape
3.3.2.5. Legal landscape
3.3.2.6. Environmental landscape
Chapter 4. Latin America Medical Imaging Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Latin America Medical Imaging Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 For The Following
4.4.1. X-ray
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1. By modality
4.4.1.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.2. Radiography
4.4.1.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.3. Fluoroscopy
4.4.1.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.1.1.4. Mammography
4.4.1.1.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Magnetic resonance imaging
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.1. By architecture
4.4.2.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.1.2. Closed system
4.4.2.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.1.1.3. Open system
4.4.2.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3. Ultrasound
4.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3.1.1. By portability
4.4.3.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3.1.1.2. Handheld
4.4.3.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3.1.1.3. Compact
4.4.3.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.3.1.1.4. Cart/Trolley-based
4.4.3.1.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4. Computed tomography
4.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4.1.1. By technology
4.4.4.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4.1.1.2. High-end Slice
4.4.4.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4.1.1.3. Mid-end Slice
4.4.4.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4.1.1.4. Low-end Slice
4.4.4.1.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.4.1.1.5. Cone beam CT
4.4.4.1.1.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.5. Nuclear imaging
4.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.5.1.1. By product
4.4.5.1.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.5.1.1.2. SPECT
4.4.5.1.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.5.1.1.3. PET
4.4.5.1.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Latin America Medical Imaging Market: End-use Estimates & Trend Analysis
5.1. End-use Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Latin America Medical Imaging Market by End-use Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 For The Following
5.4.1. Hospitals
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
5.4.2. Diagnostics Imaging Centers
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD million)
5.4.3. Others
5.4.3.1. Market estimates and forecasts 2018 to 2030 (USD million)
Chapter 6. Latin America Medical Imaging Market: Regional Estimates & Trend Analysis
6.1. Regional Market Share Analysis, 2023 & 2030
6.2. Regional Market Dashboard
6.3. Latin America Regional Market Snapshot
6.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030
6.5. Brazil
6.5.1. Key country dynamics
6.5.2. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
6.6. Mexico
6.6.1. Key country dynamics
6.6.2. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
6.7. Argentina
6.7.1. Key country dynamics
6.7.2. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
6.8. Rest of Latin America
6.8.1. Key country dynamics
6.8.2. Rest of Latin America market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.3.2. Key customers
7.3.3. Key company heat map analysis, 2023
7.4. Company Profiles
7.4.1. GE HealthCare
7.4.1.1. Company overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Siemens Healthineers
7.4.2.1. Company overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Koninklijke Kentalis
7.4.3.1. Company overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Strategic initiatives
7.4.4. Canon EMEA Medical Systems Corporation
7.4.4.1. Company overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Strategic initiatives
7.4.5. FUJIFILM Corporation
7.4.5.1. Company overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Samsung Healthcare
7.4.6.1. Company overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Strategic initiatives
7.4.7. CurveBeam AI, Ltd.
7.4.7.1. Company overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Strategic initiatives
7.4.8. Carestream Health
7.4.8.1. Company overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Strategic initiatives
7.4.9. Hitachi Ltd.
7.4.9.1. Company overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Strategic initiatives
7.4.10. Agfa-Gevaert HealthCare
7.4.10.1. Company overview
7.4.10.2. Financial performance
7.4.10.3. Product benchmarking
7.4.10.4. Strategic initiatives
7.4.11. SHIMADZU CORPORATION
7.4.11.1. Company overview
7.4.11.2. Financial performance
7.4.11.3. Product benchmarking
7.4.11.4. Strategic initiatives
7.4.12. ESAOTE SPA
7.4.12.1. Company overview
7.4.12.2. Financial performance
7.4.12.3. Product benchmarking
7.4.12.4. Strategic initiatives
7.4.13. Shenzhen Mindray Bio-Medical Electronics Co.
7.4.13.1. Company overview
7.4.13.2. Financial performance
7.4.13.3. Product benchmarking
7.4.13.4. Strategic initiatives
7.4.14. Neusoft Medical Systems Enlitic, Inc.
7.4.14.1. Company overview
7.4.14.2. Financial performance
7.4.14.3. Product benchmarking
7.4.14.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 Latin America medical imaging market, by region, 2018 - 2030 (USD Million)
Table 3 Latin America medical imaging market, by product, 2018 - 2030 (USD Million)
Table 4 Latin America medical imaging market, by end-use, 2018 - 2030 (USD Million)
Table 5 Brazil medical imaging market, by product, 2018 - 2030 (USD Million)
Table 6 Brazil medical imaging market, by end-use, 2018 - 2030 (USD Million)
Table 7 Mexico medical imaging market, by product, 2018 - 2030 (USD Million)
Table 8 Mexico medical imaging market, by end-use, 2018 - 2030 (USD Million)
Table 9 Argentina medical imaging market, by product, 2018 - 2030 (USD Million)
Table 10 Argentina medical imaging market, by end-use, 2018 - 2030 (USD Million)
Table 11 Rest of Latin America medical imaging market, by product, 2018 - 2030 (USD Million)
Table 12 Rest of Latin America medical imaging market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Latin America medical imaging market: market outlook
Fig. 9 Latin America medical imaging competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Latin America medical imaging market driver impact
Fig. 14 Latin America medical imaging market restraint impact
Fig. 15 Latin America medical imaging market: Product movement analysis
Fig. 16 Latin America medical imaging market: Product outlook and key takeaways
Fig. 17 X-ray market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 By modality market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Radiography market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Fluoroscopy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Mammography market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Magnetic resonance imaging market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 By architecture market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Closed system market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Open system market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Ultrasound market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 By portability market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Handheld market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Compact market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Cart/trolley based market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Computed tomography market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 By technology market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 High-end slice market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Mid-end slice market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Low-end slice market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Cone beam CT market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Nuclear imaging market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 By product market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 SPECT market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 PET market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Latin America medical imaging market: End-use movement Analysis
Fig. 42 Latin America medical imaging market: End-use outlook and key takeaways
Fig. 43 Hospitals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Diagnostic Imaging Centers market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Latin America medical imaging: Regional movement analysis
Fig. 47 Latin America medical imaging: Regional outlook and key takeaways
Fig. 48 Latin America SWOT
Fig. 49 Brazil
Fig. 50 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Mexico
Fig. 52 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Argentina
Fig. 54 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Rest of Latin America
Fig. 56 Rest of Latin America market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • GE HealthCare
  • Siemens Healthineers
  • Koninklijke Kentalis
  • Canon EMEA Medical Systems Corporation
  • FUJIFILM Corporation
  • Samsung Healthcare
  • CurveBeam AI, Ltd.
  • Carestream Health
  • Hitachi Ltd.
  • Agfa-Gevaert HealthCare
  • SHIMADZU CORPORATION
  • ESAOTE SPA
  • Shenzhen Mindray Bio-Medical Electronics Co.
  • Neusoft Medical Systems Enlitic, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedMarch 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 2.79 Billion
Forecasted Market Value ( USD ) by 2030 $ 3.84 Billion
Compound Annual Growth Rate4.7%
Regions CoveredLatin America
No. of Companies Mentioned14

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