As per the research report, the size of the Latin America C-Arms Market is valued at USD 0.26 billion in 2022 and estimated to be growing at a CAGR of 3.15%, to reach USD 0.30 billion by 2027 during the forecast period 2022 to 2027.
The major factors driving the growth of the market include increasing geriatric population and increasing incidence of chronic diseases and advancements in workability and imaging capabilities.
C- Arms are increasingly used by medical practitioners to provide live radiographic guidance during traumatic, orthopedic and vascular procedures. The devices provide real-time, high-resolution X-ray images, helping clinicians monitor progress at all times during the operation and immediately make corrections as needed.
According to Alzheimer Disease International, approximately 500,500 people were living with dementia in Argentina, and that number is expected to increase to 1.25 million by 2050. Additionally, according to estimates from the World Heart Federation, diseases It is estimated that communicable diseases, including cardiovascular disease, account for almost three-quarters (75%) of all adult deaths in Brazil and are expected to increase during the forecast period, increasing to term use of these devices, showing an impact on the market.
Hence, due to the aforementioned factors coupled with the growing demand for healthcare infrastructure in the Latin American region, they are driving the market.
According to the 2019 World Population Aging Report, in Argentina the population aged 65 and over in 2019 was 5,135 (11.5%) and this figure is expected to reach 6,300 (13.2%) in 2030 It will increase over the next few years. and the elderly population will be more prone to chronic diseases which will ultimately drive the market in the future. This indicates that, with increasing geriatric population and increasing incidence of chronic diseases and diagnosis, the market is expected to witness significant growth during the forecast period.
Factors such as the high cost of C arm instruments and refurbishment of devices major hurdles for the market in the years to come.
The growing cases of acute and chronic diseases that need imaging procedures is a deciding factor in the growth of the Latin America C-arm market. This, combined with an increase in demand for minimally invasive procedures, is also expected to contribute to the expansion of the C-arms market. Additionally, the advent of artificial intelligence in radiology to aid in the discovery of genomic markers will drive the market growth in the years to come.
Less developed markets in Latin America are still heavily dependent on various traditional stationary systems and reconditioned poles due to the high cost of newer poles. This is likely to challenge the market.
This research report on the Latin America C-Arms Market has been segmented and sub-segmented into the following categories:
By Device type:
The Brazil has the largest market share during the forecast period in the Latin America region, due to good health care infrastructure in the region, the high frequency of examinations diagnosis, increasing geriatric population and increasing prevalence of chronic diseases.
With an increasing emphasis on the portability of poles, there are significant market opportunities for companies in Latin America. Many companies are redoubling their efforts to develop adaptable platforms that meet the needs of healthcare providers for various surgical specialties
In addition, the increasing trend of approval and launch of new products, as well as the development of advanced technologies, is playing a vital role in the growth of the studied market in the region.
Prominent companies leading in the Latin America C-Arms Market profiled in the report are GE Healthcare Inc., Varian Medical Systems Inc., Philips Healthcare, Siemens AG, Toshiba Corp., Hologic corp., Omega Medical Imaging Inc., BMI Biomedical International, Hitachi Ltd., DMS Health Technologies, ATON GmbH, Medonica Co Ltd., Gemss Co Ltd., and Shimadzu Corp.
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