Latin America Vascular Imaging Market to grow with a growth rate of 6.93% during 2016 to 2021
The Latin America Vascular Imaging market is
anticipated to grow at a 6.93% CAGR from 2016 to 2021 and it is estimated that
the Latin-America market was valued at USD 0.52 billion in 2016 and is expected
to reach USD 0.73 billion by 2021.
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Vascular imaging tests are used to assess how
the blood flows through the veins and vesicles for the diagnosis of the
disease. With the use of vascular imaging tests, surgeons can gather
information required for performing surgical procedures. Vascular imaging
trials are performed by using techniques like ultrasound, CT (computed
tomography), magnetic resonance imaging (MRI) and others which provide detailed
images of how the blood flows through the body and aids surgeons to examine
blockages in the veins, weakening of the arterial walls, detect blood clots,
evaluate the graft surgeries, analyzing the severity of varicose veins, plaque
buildup that causes narrowing of the arteries. Vascular imaging techniques are
extensively used for performing procedures like angiography with ease.
The North-America market for Vascular Imaging
market is segmented into Procedure, Technology, Application and End User. On
the basis of procedure, it is segmented into Coronary Angiography, Peripheral,
Cerebral and Angiography. Coronary angiography segment is anticipated to
account for the largest share of the market. On the basis of Technology, it is
segmented into CT, MRI, X-Ray, Ultrasound, and Nuclear Imaging. The MRI segment is expected to dominate this
market segment. On the basis of Application, it is segmented into Diagnostic
and Therapeutic. On the basis of End User, it is segmented into Hospital and
Clinical Laboratory. Hospitals are the largest end users of vascular imaging
systems.
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The Latin-America market for Vascular Imaging
market is segmented into Procedure, Technology, Application and End User. On
the basis of procedure, it is segmented into Coronary Angiography, Peripheral,
Cerebral and Angiography. Coronary angiography segment is anticipated to
account for the largest share of the market. Increase in the prevalence of CVDs
and increase in geriatric population are major factors driving the growth this
market segment. On the basis of Technology, it is segmented into CT, MRI,
X-Ray, Ultrasound, and Nuclear Imaging.
The MRI segment is expected to dominate this market segment. The
increase in the use of MRI in vascular imaging is mainly due to its minimally
invasive nature and high efficacy and increasing prevalence of cardiovascular
diseases are the key factors driving the growth of this segment. On the basis
of Application, it is segmented into Diagnostic and Therapeutic. On the basis
of End User, it is segmented into Hospital and Clinical Laboratory. Hospitals
are the largest end users of vascular imaging systems. It is also projected to
register the highest growth. This can be credited to technological development,
increase in the healthcare expenditure, and increase in usage of imaging
systems in hospitals and hybrid ORs.
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On the basis of geography, the market is
analyzed under various regions namely Brazil, Argentina and Mexico. Poor
economies and strict government policies are going to impact the market growth
negatively. However, heavy investment by private players in the untapped market
are going to boost the market growth.
Some of the major companies dominating the
market are Siemens Healthineers GE
Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation,
Samsung Medison, Shimadzu Corp., St. Jude Medical Inc., TERUMO Corporation,
Koninklijke Philips N.V., Fujifilm SonoSite, Hologic Inc., Esaote SpA,
Carestream Health Inc., Konica Minolta, Alpinion Medical Systems, Pie Medical
Imaging, CorVascular Diagnostics LLC, Evena Medical Inc., LumedX Healthcare
Technologies, Xograph Healthcare, Mindray Medical International Ltd., Novadaq
Technologies Inc., Omega Medical Imaging LLC., BK Ultrasound, and Piur imaging
GmbH.
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