Latin America Radiology Services Market is Expected to Grow at 11.9% with factors such as Increasing Prevalence of Chronic Diseases Driving the Market Growth

Latin America Radiology Market has shown an exceptional penetration in countries such as Brazil and Mexico. Increasing cases of diseases as well as technological development in radiology devices has increased the market growth tremendously. For instance, introduction of tele-radiology in medical sector provided the ease among patients and increased the patient visits for the diagnosis and treatment which ultimately enhanced the market growth.

Latin America Radiology Services Market Scenario

According to Data Bridge Market Research the market for radiology services in Brazil has the highest market share followed by Mexico and Argentina.

The market leader Siemens Healthineers AG has increased their revenue from USD 15,980.51 million in 2018 to USD 16,377.76 million in 2019. The company has increased its research and development (R&D) activities on selected technologies and innovations particularly in the field of artificial intelligence (AI) and with that they has launched Al-Rad Companion Chest CT, an intelligent software assistant for analyzing image data. Another product development, they have done a variety of new products and launched MAGNETOM family of MR scanners with addition of the Altea (1.5T open bore), Lumina (3T open bore) and Amira (1.5T with BioMatrix technology) models.

  • In 2019, the company’s R&D expenditure was USD 1,529.40 million which has increased by 9% from the last years. With the advancement in products and innovation, the company has now 18,500 patents as of September 30, 2019.

Latin America Radiology Services Market

Trends Impacting the Market

Data Bridge Market Research has estimated a large growth in Latin America radiology services market and the market leaders targeting Brazil and Mexico to be their next revenue pockets for 2020.

The radiology services market is becoming more competitive every year with companies such as GE Healthcare (A subsidiary of General Electric Company), Siemens Healthineers AG and Koninklijke Philips N.V.  being the market leaders for radiology services. The Data bridge market research new reports highlight the major growth factors and opportunities in the radiology services market.

For more analysis on the radiology services market request for a briefing with our analysts

New Radiology Services Market Developments

Carestream Health has released an image view software platform in May 2019, which is useful for digital revolution in its mobile X-ray systems which has advanced features of Microsoft Windows 10 that will help in collection of detector’s performance data. The company has provided the advanced version of product in market with the launch of this software for patients.

Koninklijke Philips N.V. has expanded their radiology solutions portfolio with introduction of innovative services of teleradiology with the launch of cloud-based radiology, tele-radiology services in March 2019. Launching new services has improved the access to precision diagnoses among patients. The company has enhanced their credibility in the market by launching such innovative services which ultimately helped the organization to strengthen their position in the market.

Scope of the Latin America Radiology Services Market

The Latin America Radiology Services market is segmented on the basis of countries into Brazil, Mexico, Argentina, Colombia, Chile, Peru and rest of Latin America.

  • All country based analysis of the radiology services market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into product and services. On the basis of procedure, the market is segmented into digital and conventional. On the basis of patient age, the market is segmented into pediatric and adults. On the basis of radiation type, the market is segmented into diagnostics and interventional radiology. On the basis of application, the market is segmented into dental, musculoskeletal, pelvic and abdominal, gynecology, cardiology, urology, neurology, oncology and others. On the basis of end users, the market is segmented into hospitals, ambulatory centers, diagnostic centers and clinics.
  • The advanced technology in radiology field has transformed over the past few years which enables organization to resolve their business challenges and give personalized and engaging experience. Radiology services offer a feasible path by which different enterprises can bridge the gap between technological growth, customer service and user efficiency.

To know more about the study

Key Pointers Covered in the Radiology Services Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Shares in different regions
  • Recent Developments for Market Competitors
  • Recent market value for different regions
  • Key vendors and disruptors study
  • Company Landscape and company share analysis

Key Market Competitors Covered in the Report

  • Koninklijke Philips N.V.
  • GE Healthcare ( A subsidiary of GENERAL ELECTRIC)
  • Siemens Healthineers AG
  • Carestream Health (A subsidiary of Onex Corporation)
  • Teleradiología de Colombia S.A.S.
  • Radiology Associates of Albuquerqe, PA

Above are the key players covered in the report, to know about more and exhaustive list of radiology services companies contact us

Research Methodology: Latin America Radiology Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side:  Doctors, Nurses, Radiologists, Industrial Professional s, Medical Consultants, Hospital Buyers, Associations, Insurers, Universities, Technological Writers, Scientists,
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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