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Latin America Open MRI Systems Market Research Report – Segmented By Field Strength & Application and Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Share, Size, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 2248
Pages: 190

Latin America Open MRI Systems Market Size (2022 to 2027)

The Open MRI Systems Market size in Latin America was worth 0.22 billion USD in 2022 and is expected to grow at a CAGR OF 8.20% and reach 0.32 billion USD by 2027.

Some of the primary factors likely to fuel market expansion during the projected period include an increasing trend of preventive healthcare and a high need for early diagnosis. The majority of the big players are concentrating their efforts on developing modern open systems with high strength and image quality. This is likely to increase demand for open MRI systems, which raises the growth of the open MRI systems market in Latin America. Through new product launches, partnerships, and training specialists for various Open MRI systems, healthcare firms primarily focus on providing improved healthcare facilities and products to increase their economic potential.

Increased employment is being created by expanding medical device firms and growing diagnostic and therapeutic treatment options. In addition, advancements in technology, such as silent MRIs, are expected to propel the North American Open MRI systems forward.

The high cost of Open MRI equipment, declining reimbursement rates for MRI treatments, and a reduction in infrastructure supply would all slow the market's growth. However, as a result of increased awareness, some small players are emerging throughout Latin America. Furthermore, the market's expansion is expected to be stifled by the high cost of open MRI equipment. Moreover, a lack of competent employees to operate the systems significantly hinders the market's expansion in emerging countries. Furthermore, a lack of sufficient infrastructure impedes the market expansion of open MRI systems in Latin America.

This research report on the Latin American open MRI systems market has been segmented and sub-segmented into the following categories.

By Field Strength: 

  • Low
  • Midfield

By Application: 

  • Brain
  • Spine
  • Cardiac
  • Breast
  • Abdomen

By Country: 

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

The open system MRI market in Latin America had an average stake in the worldwide market in 2020, and it is likely to grow at a healthy CAGR during the forecast period. Because of Mexico's well-established healthcare system and the measures being carried out by numerous organizations and the government to encourage disease diagnosis, the area is likely to grow its market share in the future. High-field strength systems can be used to treat a variety of ailments, including musculoskeletal and spine diseases. The increasing use of these systems is predicted to raise market demand in both developed and developing countries such as Mexico, Brazil, and Argentina.

KEY MARKET PLAYERS:

Companies playing a notable role in the Latin American Open MRI Systems market profiled in the report are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Field Strength                            

                                5.1.1 Introduction           

                                5.1.2 Low to Mid field    

                                5.1.3 Y-o-Y Growth Analysis, By Field Strength   

                                5.1.4 Market Attractiveness Analysis, By Field Strength 

                                5.1.5  Market Share Analysis, By Field Strength  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Brain          

                                5.2.3 Spine         

                                5.2.4 Abdominal              

                                5.2.5 Breast       

                                5.2.6 Cardiac      

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8 Market Attractiveness Analysis, By Application       

                                5.2.9 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Field Strength

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Field Strength

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Field Strength

                                                6.1.5.3 By Application

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 GE Healthcare                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Hitachi Medical Corporation                

                8.3 Philips Healthcare                    

                8.4 Siemens Healthcare                

                8.5 Toshiba Medical Systems                     

                8.6 Aastrom Biosciences                              

                8.7 Celgene Corporation                              

                8.8 Invitrogen                   

                8.9 Cytori Therapeutics                 

                8.10 Retractable Technologies                   

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Latin America Open MRI Systems Market, By Field Strength, From 2022 - 2027 (USD Billion)
  2. Latin America Low to Mid Field Market, By Region, From 2022 - 2027 (USD Billion)
  3. Latin America Open MRI Systems Market, By Application, From 2022 - 2027 (USD Billion)
  4. Latin America Brain Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Spine Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Cardiac Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Abdominal Market, By Region, From 2022 - 2027 (USD Billion)
  8. Latin America Breast Market, By Region, From 2022 - 2027 (USD Billion)
  9. Brazil Open MRI Systems Market, By Field Strength, From 2022 - 2027 (USD Billion)
  10. Brazil Open MRI Systems Market, By Application, From 2022 - 2027 (USD Billion)
  11. Argentina Open MRI Systems Market, By Field Strength, From 2022 - 2027 (USD Billion)
  12. Argentina Open MRI Systems Market, By Application, From 2022 - 2027 (USD Billion)
  13. Mexico Open MRI Systems Market, By Field Strength, From 2022 - 2027 (USD Billion)
  14. Mexico Open MRI Systems Market, By Application, From 2022 - 2027 (USD Billion)
  15. Rest of Latin America Open MRI Systems Market, By Field Strength, From 2022 - 2027 (USD Billion)
  16. Rest of Latin America Open MRI Systems Market, By Application, From 2022 - 2027 (USD Billion)

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