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South America Ultrasound Devices Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

South America Ultrasound Devices Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Ultrasound is a medical imaging modality that uses high-frequency sound waves to visualize the internal organs of the body. It transmits high-frequency ultrasonic sound waves into the body of the patient. These sound waves are then reflected by the body organs into the probe and are transmitted to a display that generates the image. The South America ultrasound devices market is expected to register a CAGR of 5.8% during the forecast period of 2018–2023.

Increasing Incidences of Cancer and Cardiac Ailments

About 1.1 million new cancer cases and 600,000 cancer deaths are estimated to occur annually in Latin America and the Caribbean. Prostate cancer is the leading cause of cancer death among males, with about 51,000 deaths annually, followed by lung, and stomach cancer. Among females, breast cancer is the leading cause of cancer mortality, with about 43,000 deaths annually, followed by cervical and lung cancer. There is considerable variation in cancer rates and trends within Latin America. For example, cervical cancer incidence rates in 2012 ranged from 11.4 cases per 100,000 population in Costa Rica to 47.7 cases per 100,000 in Bolivia, with the highest rates found in low-income countries.

In Latin America and the Caribbean, 31% of all deaths are attributable to cardiovascular diseases. Mortality rates for ischemic heart disease are high throughout all sub-regions. It is estimated that the number of deaths in the region attributed to cardiovascular disease will increase by more than 60% between 2000–2020, unless preventive measures are introduced. These ailments require the use of diagnostic services like ultrasound. So with increasing ailments, the market for ultrasound equipment will improve.

Additionally, growing public awareness, increased adoption of diagnostic imaging, and rapid technological advances are factors contributing to the growth of the market.

Use of Refurbished Instruments

Manufacture of diagnostic imaging devices requires a large number of skilled personnel. Hence, it is considered better to refurbish these devices at a lower cost. Rising incidence of chronic diseases across the globe is increasing the demand for cost-effective and efficient diagnosis procedure. This, in turn, is driving the demand for refurbished medical imaging devices. Hence, there is an emerging trend of using refurbished equipment. This is posing a challenge for the market.

Additionally, lack of skilled labor to handle the equipment is also restraining the ultrasound devices market.

Brazil to Dominate the Market

Brazil is by far the largest market in the region. The factors driving the demand for medical imaging systems in Brazil are, the rising and expanding middle class, increasing investments in healthcare, and multinational imaging manufacturer’s investments in Brazil. Also, the Brazilian government’s proposals for the development of healthcare (such as increasing the number of community healthcare and oncology centers) is driving the Brazilian market.

Major Players: ANALOGIC CORPORATION, FUJIFILM, GE HEALTHCARE, HITACHI MEDICAL CORPORATION, PHILLIPS HEALTHCARE, SAMSUNG, and TOSHIBA MEDICAL SYSTEMS, among others..

Reasons to Purchase the Report

  • Market analysis for the South American ultrasound devices market, with region-specific assessments and competition analysis on South America and regional scale.
  • Examining various perspectives of the industry with the help of Porter’s Five Forces Analysis.
  • Identify the treatment type that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Drivers
6.1.1 Increasing Incidences of Cancer and Cardiac Ailments
6.1.2 Growing Public Awareness about Need of Diagnosis
6.1.3 Increased Adoption of Diagnostic Imaging
6.1.4 Rapid Technological Advances
6.2 Restraints
6.2.1 Use of Refurbished Instrument
6.2.2 Expensive Procedures
6.2.3 Side Effects of Diagnostic Imaging Procedures
6.2.4 Reimbursement Issues
6.2.5 Regulatory Framework Concerns
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Applications
7.1.1 Anesthesiology
7.1.2 Cardiology
7.1.3 Gynecology/Obstetrics
7.1.4 Musculoskeletal
7.1.5 Radiology
7.1.6 Emergency Department
7.1.7 Critical Care
7.1.8 Others
7.2 By Technology
7.2.1 2D Ultrasound Imaging
7.2.2 3D and 4D Ultrasound Imaging
7.2.3 Doppler Imaging
7.2.3.1 Color Doppler Imaging
7.2.3.2 Continuous Doppler Imaging
7.2.3.3 Pulse Wave Doppler Imaging
7.2.4 High-intensity Focused Ultrasound
7.3 By Type
7.3.1 Stationary Ultrasound
7.3.2 Portable Ultrasound
7.4 By Geography
7.4.1 Argentina
7.4.2 Brazil
7.4.3 Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Analogic Corporation
9.2 Fujifilm
9.3 GE Healthcare
9.4 Hitachi Medical Corporation
9.5 Phillips Healthcare
9.6 Samsung
9.7 Toshiba Medical Systems
*List not exhaustive
10. Future of the Market

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