South America CT - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
The South America CT Market size is estimated at USD 516.12 million in 2024, and is expected to reach USD 654.97 million by 2029, growing at a CAGR of 4.88% during the forecast period (2024-2029).
In South America, the Computed Tomography (CT) market is increasing primarily due to the increasing incidence of cancer and other chronic illnesses. Moreover, the geriatric population is also increasing in South America as the geriatric population is prone to more diseases, which is expected to increase the prevalence of chronic illnesses in South America.
In addition, technological advancements have also made Computed Tomography (CT) technologies safer, which have increased their adoption rate in the region. Hence all these factors have helped the growth of the Computed Tomography (CT) market in the South American region.
South America Computed Tomography Market Trends
Application in Cardiology Segment is Expected to Account for Largest Market Share During the Forecast Period
Modern CT uses a non-invasive procedure that uses X-rays to make images of the heart. Modern CT scanners, or multidetector CT, or MDCT are quick and detailed. This advanced MDCT can take images of the beating heart, and show calcium and blockages in the heart arteries. Further MDCT is used to gather additional information on the heart’s structure and how well the heart pumps blood, fluid in the pericardial sac covering the surface of the heart, the amount of plaque buildup and narrowing of your coronary arteries and any abnormalities in the large blood vessels.
According to the World Aging Population 2017 report by the United Nations, the population in many South American countries is aging. The geriatric population is more prone to chronic illnesses, especially cardiac disorders. Hence, the demand for CT for the diagnosis of cardiac disorders is expected to increase in the future. This will help the market growth in the region.
South America Computed Tomography Industry Overview
The computed tomography (CT) market is a consolidated market, owing to the presence of a few major players in the market. Most of the market players are focusing on bringing technologically advanced products in the market to acquire the maximum market share.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
- 1 INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
- 2 RESEARCH METHODOLOGY
- 3 EXECUTIVE SUMMARY
- 4 MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Increasing Incidences of Cancer and other Chronic Diseases
- 4.2.2 Rising Geriatric Population
- 4.2.3 Technological Advances in CT Techniques and Devices
- 4.3 Market Restraints
- 4.3.1 Expensive Equipment and Procedure
- 4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
- 5 MARKET SEGMENTATION
- 5.1 By Type
- 5.1.1 Low Slice
- 5.1.2 Medium Slice
- 5.1.3 High Slice
- 5.2 By Application
- 5.2.1 Oncology
- 5.2.2 Neurology
- 5.2.3 Cardiovascular
- 5.2.4 Other Applications
- 5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Clinics
- 5.3.3 Other End Users
- 5.4 Geography
- 5.4.1 South America
- 5.4.1.1 Brazil
- 5.4.1.2 Argentina
- 5.4.1.3 Rest of South America
- 6 COMPETITIVE LANDSCAPE
- 6.1 Company Profiles
- 6.1.1 Canon Medical Systems Corporation
- 6.1.2 Fujifilm Holdings Corporation
- 6.1.3 GE Healthcare
- 6.1.4 Hitachi Healthcare Systems
- 6.1.5 Koninklijke Philips NV
- 6.1.6 NeuroLogica Corporation
- 6.1.7 Neusoft Medical Systems Co. Ltd
- 6.1.8 Siemens Healthineers
- 7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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