Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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
Company Profiles
- 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 90 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.79 Billion |
| Forecasted Market Value (USD) by 2030 | $3.84 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Latin America |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment 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
3.3.2. PESTEL Analysis
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
4.4.2. Magnetic resonance imaging
4.4.3. Ultrasound
4.4.4. Computed tomography
4.4.5. Nuclear imaging
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
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
For more information about this report visit https://www.researchandmarkets.com/r/nn5azy
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