The size of the Latin American Ultrasound devices market was estimated at USD 695.05 Million in 2022. It is projected to reach USD 971.65 Million by 2027, at a CAGR of 6.93% from 2022 to 2027.
Medical sonography (ultrasonography) is an ultrasound-based diagnostic medical imaging technique used to visualize muscles, tendons, and many internal organs to capture their size, structure, and any pathological lesions with real-time tomographic images. Radiologists and sonographers have used ultrasound to image the human body.
The Latin American ultrasound devices market is primarily driven by the growing patient population base for chronic and lifestyle-related disorders (such as hypertension and vascular disorders) coupled with growing geriatric population, technological advancements, rising public-private investments, funds, and grants, increasing demand for minimally invasive disease diagnosis and treatment.
However, the shortage of skilled and experienced sonographers and the technological limitations of ultrasound systems are some of the factors restricting the Latin American ultrasound devices market growth.
This research report on the Latin America Ultrasound Devices Market has been segmented and sub-segmented into the following categories:
By Device Display:
Regionally, the Latin American region is estimated to occupy a considerable share of global ultrasound devices market growth during the forecast period. Factors such as the growing number of healthcare providers and increasing funds and investments from government and private organizations for the research and development of ultrasound imaging, and increasing the occurrence rate of chronic diseases primarily attribute to market growth.
During the forecast period, the Brazilian ultrasound devices market is predicted to play a dominating role in the Latin American market. Introduction of new devices, increasing aging population, developing healthcare infrastructure, growing utilization of ultrasound technologies in obstetrics, and gynecological application are majorly fueling the market in this country.
The Mexican ultrasound devices market is another most lucrative regional market in Latin America and is projected to showcase a healthy CAGR during the forecast period due to factors like the wide range of devices and the growing elderly people population.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the Latin American ultrasound devices market profiled in this report are General Electric Company (U.S.), Koninklijke Philips N.V., Toshiba Corporation, Siemens AG, Hitachi Ltd., Samsung Electronics Co., Ltd., FUJIFILM Holdings Corporation, Esaote S.p.A., Mindray Medical International Ltd and Analogic Corporation (U.S.).
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
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 By Technology
5.1.1 Diagnostic ultrasound
22.214.171.124 2D ultrasound
126.96.36.199 3D & 4D ultrasound
188.8.131.52 Doppler ultrasound
5.1.2 Therapeutic ultrasound
184.108.40.206 High-intensity focused ultrasound
220.127.116.11 Extracorporeal Shockwave Lithotripsy
5.2 By Device display
5.2.1 Color Ultrasound Devices
5.2.2 Black and White Ultrasound Devices
5.3 By Portability
5.3.1 Trolley/Cart-based Ultrasound Devices
5.3.2 Compact/Handheld Ultrasound Devices
5.4 By Application
5.4.1 Radiology/General Imaging
5.4.6 Other Applications
6. Geographical Analysis
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
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 General Electric Company
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Koninklijke Philips N.V.
8.3 Toshiba Corporation
8.4 Siemens AG
8.5 Hitachi Ltd.
8.6 Samsung Electronics Co., Ltd.
8.7 FUJIFILM Holdings Corporation
8.8 Esaote S.p.A.
8.9 Mindray Medical International Ltd.
8.10 Analogic Corporation
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. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures
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