The market growth is attributed to the rising geriatric population and the growing demand for AI- and cloud-based platforms. However, lack of expertise to operate medical imaging informatics system is expected to restrict the market growth during the forecast period.
The elderly population majorly suffers from various chronic diseases, such as cardiovascular diseases (CVD), due to structural and functional changes in their cardiovascular systems associated with aging. Aging leads to the stiffening of the heart and blood vessels. Thus, arrhythmias, as well as coronary artery disease and heart failure, are common risk factors in people of age 75 and above. Thus, the rising geriatric population worldwide increases the demand for various disease diagnoses procedures, as well as medical imaging informatics, thereby fueling the market growth.
Heart disease, cancer, and diabetes, among other chronic diseases, are the leading causes of death and disability in Brazil. These diseases are also the leading contributor to the annual health care costs of US$ 3.8 trillion in this country. Therefore, the rising prevalence of chronic diseases along with increasing healthcare cost is driving the medical imaging informatics market.
South & Central America Medical Imaging Informatics Market Segmentation
The South & Central America medical imaging informatics market is segmented into type, application, component, and country. Based on type, the market is segmented into digital radiography, ultrasound, MRI, CT, nuclear imaging, and mammography. Based on application, the market is categorized into hospitals, ambulatory healthcare settings, diagnostics and imaging centers, and others. Based on component, the market is segmented into software, hardware, and services. By country, the South & Central America medical imaging informatics market is segmented into Brazil, Argentina, and the Rest of South & Central America.
Agfa-Gevaert Group; Carestream Health; GENERAL ELECTRIC; Koninklijke Philips N.V.; Siemens Healthcare GmbH; Hologic, Inc.; Konica Minolta, Inc.; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; and FUJIFILM Holdings Corporation are a few major companies operating in the South & Central America medical imaging informatics market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 133.65 Million |
| Market Size by 2028 | US$ 182.96 Million |
| CAGR (2021 - 2028) | 4.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America Medical Imaging Informatics Market is valued at US$ 133.65 Million in 2021, it is projected to reach US$ 182.96 Million by 2028.
As per our report South and Central America Medical Imaging Informatics Market, the market size is valued at US$ 133.65 Million in 2021, projecting it to reach US$ 182.96 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The South and Central America Medical Imaging Informatics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Medical Imaging Informatics Market report:
The South and Central America Medical Imaging Informatics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Medical Imaging Informatics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Medical Imaging Informatics Market value chain can benefit from the information contained in a comprehensive market report.
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