South America Multimodal Image Fusion Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Preclinical Multimodal Imaging and Clinical Multimodal Imaging), and Application (Hospitals, Diagnostic Centers, and Academic and Resea

South America Multimodal Image Fusion Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Preclinical Multimodal Imaging and Clinical Multimodal Imaging), and Application (Hospitals, Diagnostic Centers, and Academic and Research Institutes)

The multimodal image fusion software market in SAM is expected to grow from US$ 15.58 million in 2021 to US$ 24.91 million by 2028; it is estimated to reach a CAGR of 6.9% from 2021 to 2028. In the rapidly growing healthcare industry and emerging technology arena, the market for multimodal image fusion software is booming significantly. The rising prevalence of chronic and acute diseases is leading as a major factor for the growth of the market. Also, the increasing population and rising geriatric population are backing up the growth of the market. Therefore, it is necessary to enhance the quality of life through efficient and accurate diagnosis with the help of the solutions. Chronic diseases are defined as medical conditions that continue for one year or more and requires constant preventive inspections. Alzheimer’s and heart diseases are the leading chronic diseases that are responsible for the maximum of deaths and disability. These diseases require various imaging modalities for diagnostic and treatment monitoring purposes. Thus, the rising prevalence of these chronic and acute diseases is influencing the high adoption of advanced diagnosis solution, which, in turn is propelling the market growth.

The hospitals segment led the SAM multimodal image fusion software market, based on application, in 2020. The hospital is an organization and an institute that provides healthcare service to people through complicated but specialized scientific equipment and team of trained staff educated in the problems of modern medical science. Staff and technology are coordinated together for the common goal of restoring and maintaining good health. Most of the surgeries and emergency treatments performed in hospitals require investigation of various organs, tissues, and functions of body, which can be done accurately with the help of multimodal image fusion software. The growth of this segment is attributed to the factors such as rising prevalence of various diseases, increasing number of hospitals across the world, and rapid growth in various surgical procedures.

Brazil has reported the highest number of cases of COVID-19 in South America, followed by Ecuador, Chile, Peru, and Argentina. The COVID-19 pandemic has compelled governments of several countries to impose lockdowns and suspend economic activities to contain the spread of SARS-CoV-2. Brazil has the most lucrative healthcare system among all South American countries. It has observed high investments in medical devices and other high-tech healthcare products over the years. The healthcare sector in several countries has continued to adopt high-tech products during the COVID-19 pandemic, as there were no significant disruptions in this sector.

The overall SAM multimodal image fusion software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the SAM multimodal image fusion software market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the SAM multimodal image fusion software market. Brainlab AG; Bruker Corporation; Carl Zeiss Meditec; and PerkinElmer Inc. are among the key players operating in the market in this region.

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