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, according to a new report by Grand View Research, Inc. 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
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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
Latin America Medical Imaging Market Segmentation
Grand View Research has segmented the Latin America medical imaging market on the basis of product, end-use, and region:
Latin America Medical Imaging Product Outlook (Revenue, USD Million, 2018 - 2030)
- X-ray
- Magnetic Resonance Imaging
- Ultrasound
- Computed Tomography
- Nuclear Imaging
Latin America Medical Imaging End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Diagnostic Imaging Centers
- Others
Latin America Medical Imaging Regional Outlook (Revenue, USD Million, 2018 - 2030)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Research MethodologyWe employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.About Grand View ResearchGrand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.Contact:Grand View Research, Inc.Phone: 1-415-349-0058Toll-Free: 1-888-202-9519Email: sales@grandviewresearch.comWeb: grandviewresearch.com
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In 2016, diabetes caused 1.6 million deaths.
Now, the people suffering from diabetes, cancer, and other chronic ailments such as cardiovascular and respiratory diseases generally lack energy and ability to perform daily tasks and therefore, prefer in-home care, which is creating a myriad of opportunities in the home healthcare market.On the back of incrementing population of geriatrics, who are estimated to reach 1.4 billion by 2030 by the United Nations, the burden on hospital organizations is increasing as well as causing economies a substantial chunk of yearly expenses.
According to a fresh market research report by IndustryARC, the demand in the global home healthcare market will escalate at a healthy rate of 6% to 8% over the course of the next five years, attaining a value of $345 billion by the year 2020.This information is based on a business intelligence report by IndustryARC that includes market growth analysis, competitive landscape, market size and market share with a detailed analysis of products and services associated with the home healthcare market.
The report is titled, “Home Healthcare Market: By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others) Forecast (2018-2023).”View Full Table of Contents of Home Healthcare Market:https://www.industryarc.com/Report/102/home-healthcare-products-services-equipment-market.htmlReport Price: US $5250Home Healthcare Market Stroking Demand for In-home Care Products and Services –• Upsurge in Home Healthcare Driving Healthcare Equipment Market Growth –Similar to hospitals, in-home care requires infrastructure and paraphernalia needed to treat a particular condition.
This is especially because unlike in hospital healthcare services, nurses working in home health care communicate less with their superior physicians.
So, nurses in home healthcare services do more paperwork and are more competent and proactive which is also leading to demand of Registered Nurses (RNs), Licensed Practical Nurses (LPN's), and Home Health Aides (HHAs).This happens to be a major factor associated with the competition in this niche, and the healthcare organizations that provide better services will have more market share.It is also a major factor responsible for the overall cost of home healthcare services, which is being detrimental to the home healthcare market growth in countries with poor economies like the ones in Africa.• The Growing Population of Aged People Influencing Home Healthcare Market –United Nations predicts that the population of people beyond 60 years of age will be double from 2015 to 2050, and the population was already 962 million globally in 2017.
Artificial intelligence in medical imaging market can be described as the diagnostic procedure that involves the creation of visual aids and image representations of the human body, and involves the monitoring of performance and functioning of the organs of the human body.
With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out.
Artificial intelligence mainly consists of two types, robots and machine learning.
Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.Artificial intelligence in medical imaging market is expected to gain market growth in the forecast period of 2021 to 2028.
Increased numbers of diagnostic procedures drives the artificial intelligence in medical imaging market.Artificial intelligence in medical imaging market report also reviews top market players, major collaborations, mergers and acquisitions along with trending innovation and business policies.
This is a professional and in depth market report which underlines primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis.
With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out.
The AI assists the surgeons in carrying out the image capturing process and how to diagnose these images for the conclusion and personalized treatment in respect to every individual and patient.
Artificial intelligence mainly consists of two types, robots and machine learning.
Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.Rising ability and achievement of personalized treatment, improved procedures and treatment of the patients is the vital factor escalating the market growth, also rise in the number of diagnostic procedures, increasing prevalence of diseases, rising favorable reimbursement policies, rising presence of key players and the favorable government regulations, rising rapidly evolving healthcare infrastructure in Asian countries such as China, Indonesia, and India and growing prevalence of various lifestyle associated chronic diseases such as cancer and cardiovascular conditions are the major factors among others driving the artificial intelligence in medical imaging market.Artificial intelligence in medical imaging market is expected to gain market growth in the forecast period of 2021 to 2028.
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