Latin America Intraoperative Imaging Market

Latin America Intraoperative Imaging Market Size & Growth (2022 to 2027)

As per the research report, the size of the Latin America Intraoperative Imaging Market is valued at USD 0.16 Billion in 2022 and estimated to be growing at a CAGR of 4.7%, to reach USD 0.20 Billion by 2027 during the forecast period 2022 to 2027.

The main advantages of the IOI system include increased safety when performing surgeries and reduced potential outcomes from multiple surgeries. The world's leading medical research institutes are also interested in the development of advanced imaging technologies. The Latin America intraoperative imaging market is expected to grow during the forecast period owing to driving factors such as increase in geriatric population, increase in chronic diseases, change in lifestyle, increasing preference for minimally invasive surgeries (MIS) and the growing number of neurosurgery and orthopedic surgery.

Factors such as increasing approvals and launches of new intraoperative imaging systems are expected to drive the growth of the Latin America intraoperative imaging market. For example, in 2017, Siemens Healthineers received US Food and Drug Administration (FDA) approval for its new CT platform, which includes Soma tom scanners.

The increasing incidence of traumatic brain injury and cardiovascular disorders is expected to increase the demand for their diagnosis and treatment. This, in turn, is expected to drive the growth of the Latin America intraoperative imaging market during the forecast period. For example, in 2018, according to the International Brain Injury Association, around 52 million people suffer from head trauma each year around the world.

In addition, according to the 2019 World Health Organization report, cardiovascular disease is the leading cause of death worldwide. About 19.9 million people died from cardiovascular disease in 2019, which represented about 32% of deaths worldwide. Of these deaths, around 87% of deaths are due to heart attacks and strokes worldwide. The huge capital investments made by government and venture capital firms in many countries have attracted major players to enter the market.

However, the need to reinforce the operating theaters by excluding any metallic object for the use of the equipment is imperative. The magnetic field of intraoperative imaging systems required radio proofing to limit radiation damage, this increases the costs for installation and maintenance.

The Latin America IOI market is affected by the high cost of surgeries and clinical setup costs, this may challenge the market growth.

This research report on the Latin America Intraoperative Imaging Market has been segmented and sub-segmented into the following categories:

By Product:

• Mobile C-arms,
• CT
• Intraoperative MRI
• Intraoperative Ultrasound

By Application:

• Neurosurgery
• Orthopedic
• Trauma
• Spine Surgery
• Cardiovascular
• ENT
• Gastro
• Maxillofacial Surgery

By End User:

• Hospitals
• ASC
• Clinic

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, the Latin America Intraoperative Imaging Market is expected to grow significantly due to the large number of patients. And the main reason for the poor health system in the region is the lack of epidemiological studies on serious diseases.

The health sector in Latin America is growing with the support of the government and the policies put in place to offer medical solutions as well as medical aids. The IOI market in Latin America is mainly driven by the growing market in Brazil.

The Mexico Intraoperative Imaging Market is estimated to reach at decent CAGR during the forecast period.

The Brazil Intraoperative Imaging Market is mainly driven by the growing aging of the population and the increase in health spending in the country. The country's public and private health expenditure corresponds to around 10.6% of the GDP. The revenue of $ 11.4 billion was related to the purchase of medical equipment and devices. Imports of medical products and devices in 2018 amounted to $ 6.6 billion, a reduction of 18% from 2016. The imaging diagnostics experienced significant growth, with imports increasing by 30.4%.

KEY MARKET PLAYERS

Prominent companies leading in the Latin America Intraoperative Imaging Market profiled in the report are GE Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Ziehm Imaging GmbH (Germany), Toshiba Corporation (Japan), Medtronic (Ireland), Brainlab AG (Germany), IMRIS Deerfield Imaging (U.S.), NeuroLogica Corporation (U.S.), and Shimadzu Corporation (Japan).,