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Latin America Diagnostic Imaging Devices Market By Type Segment (X-ray Imaging Systems, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems, Ultrasound Imaging Systems, Others); By Application Segment (Cardiology, Neurology, Oncology, Orthopaedics, Others); By End-User Segment (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: Latin America Diagnostic Imaging Devices Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2025-04-09
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Keywords: Latin America Diagnostic Imaging Devices Market

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REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Latin America Diagnostic Imaging Devices Market Size 2024	USD 1,810.56 million
Latin America Diagnostic Imaging Devices Market, CAGR	3.08%
Latin America Diagnostic Imaging Devices Market Size 2032	USD 2,306.98 million

Market Overview:

The Latin America Diagnostic Imaging Devices Market is projected to grow from USD 1,810.56 million in 2024 to an estimated USD 2,306.98 million by 2032, with a compound annual growth rate (CAGR) of 3.08% from 2024 to 2032.

The primary drivers of growth in the Latin America diagnostic imaging devices market include the rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, and cancer, which necessitate accurate diagnostic imaging. Additionally, the region is experiencing an aging population, leading to an increased demand for diagnostic procedures for age-related health conditions. Technological advancements in diagnostic imaging, such as the introduction of high-resolution imaging systems, portable devices, and artificial intelligence (AI) integration, are also significantly boosting market growth. The increasing accessibility of healthcare facilities, along with government initiatives aimed at improving healthcare infrastructure, is expected to enhance the adoption of diagnostic imaging devices. Furthermore, the rise in medical tourism in countries like Mexico, Brazil, and Argentina, where healthcare services are both advanced and affordable, is contributing to the region’s growing demand for diagnostic imaging solutions.

The regional analysis of the Latin America diagnostic imaging devices market reveals significant variation in market dynamics across different countries. Brazil, Mexico, and Argentina dominate the market, with Brazil being the largest contributor to market revenue due to its extensive healthcare infrastructure and large patient base. Mexico also stands out due to its rapid adoption of advanced healthcare technologies and government initiatives to expand healthcare access. The growth of the medical tourism sector in both Brazil and Mexico has also played a crucial role in the increasing demand for diagnostic imaging devices. Argentina, Chile, and Colombia are emerging markets in the region, where healthcare improvements and the increasing prevalence of chronic diseases are expected to fuel further growth in the coming years. The Latin American market also faces challenges, including economic disparities, limited access to healthcare in rural areas, and the high cost of advanced diagnostic imaging equipment, which may hinder growth in certain regions.

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Market Insights:

The Latin America diagnostic imaging devices market is projected to grow from USD 1,810.56 million in 2024 to USD 2,306.98 million by 2032, driven by rising demand for advanced healthcare technologies.
The growing prevalence of chronic diseases like cardiovascular diseases, cancer, and diabetes is fueling the demand for diagnostic imaging solutions, especially for early and accurate diagnosis.
Technological advancements, such as AI integration, high-resolution imaging, and portable devices, are transforming diagnostic practices and expanding market opportunities.
Increased government investment in healthcare infrastructure and diagnostic technologies is improving healthcare access, particularly in underserved areas.
Medical tourism in countries like Mexico, Brazil, and Costa Rica is increasing the demand for diagnostic imaging devices, attracting international patients seeking affordable, high-quality services.
The high cost of advanced diagnostic imaging equipment is a key restraint, limiting accessibility, particularly in rural and economically constrained regions.
Regulatory challenges, including inconsistent standards and reimbursement policies, pose hurdles to the adoption and growth of diagnostic imaging technologies in the region.

Report scope

This reports segments are Latin America Diagnostic Imaging Devices Market as Follows;

Market Drivers:

Growing Prevalence of Chronic Diseases

The increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, and diabetes across Latin America is a key driver in the growth of the diagnostic imaging devices market. These conditions require accurate and timely diagnosis for effective treatment and management. Diagnostic imaging technologies, such as MRI, CT scans, and ultrasound, play a pivotal role in diagnosing and monitoring the progression of these diseases. As the number of people affected by chronic diseases rises, healthcare providers are increasingly relying on advanced diagnostic imaging solutions to enhance patient care and improve outcomes. The growing burden of these diseases is compelling healthcare systems in the region to invest in more sophisticated diagnostic tools, thus propelling market growth.

Technological Advancements in Diagnostic Imaging

Technological advancements in diagnostic imaging devices are significantly driving the growth of the market in Latin America. Innovations such as high-resolution imaging, portable diagnostic devices, and the integration of artificial intelligence (AI) and machine learning are transforming the diagnostic landscape. AI-enhanced imaging, for example, improves diagnostic accuracy, reduces human error, and allows for faster processing of images, enabling healthcare professionals to make quicker decisions. For instance, in May 2023, Koninklijke Philips N.V. launched the new Philips CT 3500, a high-throughput CT system to cater to high-volume screening programs and routine radiology requirements. Additionally, portable devices are making diagnostic imaging more accessible in remote or underserved areas, where traditional, bulky imaging equipment might not be feasible. These advancements not only improve the quality of diagnosis but also expand the reach of imaging technologies, thus fueling market demand.

Increasing Healthcare Investment and Infrastructure Development

Governments and private sectors in Latin America have been making substantial investments to enhance healthcare infrastructure. As part of efforts to improve public health, governments are increasing funding for healthcare facilities, expanding the availability of diagnostic services, and upgrading medical equipment. For instance, according to the International Trade Administration, Brazil spends USD 161 billion, equivalent to 9.47% of its GDP, on healthcare, making it the largest healthcare market in Latin America. These investments are instrumental in facilitating the adoption of advanced diagnostic imaging devices across the region. Furthermore, the establishment of modern healthcare centers and the expansion of imaging capabilities are encouraging healthcare providers to incorporate state-of-the-art diagnostic technologies. This trend is expected to continue as Latin American countries work to enhance their healthcare systems to meet the needs of an expanding population and the increasing demand for medical services.

Rise of Medical Tourism

The rise of medical tourism in Latin America is contributing to the growing demand for diagnostic imaging devices. Countries like Mexico, Brazil, and Costa Rica have become popular destinations for international patients seeking high-quality, cost-effective medical treatment. Medical tourism is driven by a combination of factors, including affordable healthcare services, skilled medical professionals, and advanced healthcare facilities. As medical tourists increasingly opt for procedures that require diagnostic imaging, healthcare providers are upgrading their imaging capabilities to meet international standards. This demand for diagnostic imaging devices to cater to both local and international patients is further stimulating market growth across the region.

Market Trends:

Shift Toward Minimally Invasive Procedures

One of the significant trends in the Latin American diagnostic imaging devices market is the growing preference for minimally invasive procedures. As healthcare professionals and patients seek less traumatic treatment options, the demand for diagnostic imaging technologies that support minimally invasive procedures is on the rise. For instance, endoscopic imaging systems and laparoscopic cameras are widely used for minimally invasive surgeries, offering real-time visuals of internal organs and reducing recovery times. These technologies not only enhance patient comfort and reduce recovery times but also lead to cost savings in terms of hospital stays and recovery periods. The shift toward minimally invasive diagnostics is expected to continue as healthcare providers prioritize more efficient, patient-friendly procedures.

Expansion of Artificial Intelligence Integration

Artificial intelligence (AI) is playing an increasingly vital role in the Latin American diagnostic imaging market, with many imaging systems now incorporating AI-driven technologies to enhance diagnostic accuracy and speed. AI applications, such as image recognition, automated reporting, and predictive analytics, are becoming integrated features in various imaging modalities. For example, Dasa, one of Brazil’s largest healthcare companies specializing in medical diagnostics, has established an AI laboratory for radiology innovation, enabling superior diagnostic capabilities. AI helps radiologists and healthcare professionals make more accurate and faster diagnoses by analyzing large volumes of imaging data and identifying patterns that may be challenging for human experts to detect. This trend is particularly relevant in Latin America, where healthcare systems are striving to improve efficiency and reduce the burden on healthcare professionals. As AI continues to advance, its integration into diagnostic imaging systems will likely become more widespread across the region.

Increase in Point-of-Care Diagnostic Solutions

The demand for point-of-care diagnostic imaging solutions is growing rapidly in Latin America. Point-of-care (POC) diagnostic imaging devices, such as portable ultrasound machines and handheld X-ray devices, offer flexibility and ease of use in various healthcare settings, including emergency rooms, rural clinics, and ambulatory settings. These devices enable quick imaging and diagnosis at the patient’s bedside, improving clinical decision-making and patient outcomes. The demand for POC diagnostic solutions is particularly strong in remote and underserved areas of Latin America, where access to traditional imaging facilities may be limited. As healthcare providers continue to adopt more portable and user-friendly imaging solutions, the trend toward point-of-care diagnostics is expected to accelerate, expanding the reach of diagnostic imaging in the region.

Growth in Government Healthcare Initiatives

Governments across Latin America are increasingly focusing on improving the healthcare sector through a variety of initiatives, driving demand for diagnostic imaging devices. These initiatives often involve increasing funding for healthcare infrastructure, expanding the availability of medical services, and promoting the use of advanced technologies. Several countries in the region have introduced national healthcare programs aimed at expanding access to diagnostic services, especially in underserved and rural areas. For example, in countries like Brazil and Mexico, the government has implemented policies to support the acquisition of medical equipment, including diagnostic imaging devices, for public healthcare institutions. These governmental efforts are likely to further boost the adoption of diagnostic imaging technologies across Latin America, as the public sector plays a critical role in meeting the region’s healthcare needs.

Market Challenges Analysis:

High Cost of Diagnostic Imaging Equipment

One of the primary restraints in the Latin America diagnostic imaging devices market is the high cost associated with advanced diagnostic equipment. The purchase, installation, and maintenance of diagnostic imaging devices such as MRI machines, CT scanners, and PET scanners require substantial financial investment. This is a significant barrier for many healthcare facilities, especially in developing countries within the region. The cost of these devices often limits their accessibility, particularly in rural and underserved areas where healthcare budgets are constrained. As a result, the high cost of diagnostic imaging equipment can delay the adoption of advanced technologies, slowing the overall growth of the market.

Limited Access to Healthcare in Rural Areas

Access to healthcare services, including diagnostic imaging, remains a challenge in many rural and remote areas of Latin America. While urban centers often benefit from advanced healthcare infrastructure, rural areas frequently lack the necessary resources and facilities for comprehensive diagnostic imaging. The shortage of skilled healthcare professionals, coupled with the limited availability of diagnostic equipment, hampers the ability to provide timely and accurate diagnoses to patients in these areas. This disparity in healthcare access creates a significant barrier to market growth, as the demand for diagnostic imaging solutions is not being fully met in regions with the greatest need.

Regulatory and Reimbursement Issues

Regulatory challenges and reimbursement issues are also significant hurdles for the diagnostic imaging market in Latin America. Inconsistent regulatory standards across countries in the region complicate the approval and distribution of new diagnostic imaging devices. For example, in Brazil, it’s the Brazilian Health Regulatory Agency (ANVISA), while in Mexico, it’s the Federal Commission for the Protection against Sanitary Risk (COFEPRIS). The lack of a unified regulatory framework increases the time and cost required to introduce new technologies. Additionally, reimbursement policies for diagnostic imaging procedures can vary widely from country to country, impacting the affordability and accessibility of these services. The uncertainty surrounding reimbursement rates and policies can deter healthcare providers from investing in advanced diagnostic imaging technologies, limiting market expansion.

Market Opportunities:

One of the key opportunities in the Latin America diagnostic imaging devices market lies in the ongoing expansion of healthcare infrastructure across the region. Governments and private sectors are increasingly investing in healthcare facilities to meet the growing demand for medical services. This includes the construction of new hospitals, clinics, and diagnostic centers, particularly in underserved areas. As healthcare infrastructure improves, there will be a significant opportunity for diagnostic imaging device manufacturers to tap into new markets and expand their reach. The growing focus on enhancing healthcare access in both urban and rural areas creates a favorable environment for the adoption of advanced diagnostic imaging technologies, especially portable and cost-effective solutions. This trend presents a long-term growth opportunity for companies providing high-quality diagnostic imaging devices.

Another substantial opportunity for the Latin America diagnostic imaging devices market is the growth of medical tourism in countries such as Mexico, Brazil, and Costa Rica. The region has become a popular destination for international patients seeking affordable, high-quality medical treatments. As medical tourists increasingly demand advanced diagnostic services, healthcare providers are upgrading their imaging capabilities to maintain competitiveness in the global medical tourism market. This surge in medical tourism presents an opportunity for diagnostic imaging device manufacturers to cater to both local and international patient populations. Furthermore, the region’s increasing focus on providing world-class healthcare services to attract medical tourists can lead to greater investment in advanced diagnostic technologies, thus driving further growth in the market.

Market Segmentation Analysis:

The Latin America diagnostic imaging devices market is segmented into various types, applications, and end-users, each contributing to the overall market growth.

By Type Segment

The market is primarily driven by X-ray imaging systems, which continue to dominate due to their cost-effectiveness and widespread use in diagnosing a range of conditions. Magnetic Resonance Imaging (MRI) systems also hold a significant share as they offer detailed imaging, especially for soft tissues, making them critical in neurology and oncology. Nuclear imaging systems, though less common, are expected to see growth due to their ability to diagnose complex diseases like cancer. Ultrasound imaging systems are gaining popularity due to their portability and affordability, particularly in cardiology and obstetrics. The “Others” segment includes emerging technologies and specialized imaging systems, which are expected to grow as healthcare providers adopt more advanced tools.

By Application Segment

Cardiology remains the largest application segment due to the increasing prevalence of heart disease in the region, driving the demand for diagnostic imaging. Neurology and oncology are also significant segments, as the aging population and rising incidence of cancer drive the need for advanced diagnostic solutions. Orthopaedics, driven by an increasing number of musculoskeletal disorders, also contributes to the growth of the market. The “Others” segment includes diagnostic imaging applications in fields like obstetrics and veterinary care.

By End-User Segment

Hospitals dominate the end-user segment due to their large patient volume and advanced diagnostic needs. Diagnostic centers follow closely behind as they provide specialized imaging services, while ambulatory surgical centers are seeing growth due to the rise in outpatient procedures requiring imaging diagnostics. The “Others” segment includes research institutions and clinics that also contribute to market demand.

Segmentation:

By Type Segment:

X-ray Imaging Systems
Magnetic Resonance Imaging (MRI) Systems
Nuclear Imaging Systems
Ultrasound Imaging Systems
Others

By Application Segment:

Cardiology
Neurology
Oncology
Orthopaedics
Others

By End-user Segment:

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

Regional Analysis:

The Latin America diagnostic imaging devices market is diverse, with varying dynamics across different regions. Major countries such as Brazil, Mexico, Argentina, and Colombia are the key contributors to the market’s growth. These nations dominate the market due to their large healthcare infrastructure, rising healthcare investments, and growing demand for advanced diagnostic technologies. However, market dynamics differ based on economic conditions, healthcare access, and regional healthcare priorities.

Brazil is the largest market in Latin America, accounting for a significant portion of the market share. With a population of over 213 million people and a well-established healthcare infrastructure, Brazil is a critical hub for the adoption of diagnostic imaging devices. The country’s large healthcare sector is supported by both public and private investments, driving the demand for advanced imaging equipment. Brazil’s substantial market share is also fueled by its burgeoning medical tourism sector, where international patients seek affordable healthcare services, including diagnostic imaging. This, in turn, has encouraged healthcare providers to upgrade their imaging capabilities.

Mexico follows closely behind Brazil in terms of market share, driven by similar factors such as a growing healthcare sector, increased government spending on healthcare infrastructure, and a rising prevalence of chronic diseases. Mexico’s proximity to the United States and its emerging role as a medical tourism destination contribute to the expanding demand for diagnostic imaging solutions. The country’s relatively lower healthcare costs compared to the U.S. have made it an attractive destination for patients seeking affordable diagnostic imaging services, which further stimulates market growth.

Argentina and Colombia are emerging markets in the region, showing steady growth in the adoption of diagnostic imaging devices. Argentina, with its aging population and rising healthcare demands, has seen an increased focus on healthcare improvements, resulting in greater demand for imaging technologies. Similarly, Colombia is making significant strides in expanding its healthcare infrastructure, which is helping to drive the adoption of diagnostic imaging devices. However, these countries face challenges, such as economic instability and varying access to healthcare, which can slow down growth in certain regions.

Other countries in Central and South America, such as Chile, Peru, and Venezuela, also contribute to the overall growth but represent smaller market shares compared to the major players. These countries are gradually investing in healthcare upgrades and medical technologies, but their growth is constrained by limited resources and economic constraints. Nonetheless, as healthcare systems in these countries continue to develop, the demand for diagnostic imaging devices is expected to grow.

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Key Player Analysis:

Mindray
GE Healthcare
Siemens Healthineers
Philips Healthcare
Fujifilm Holdings Corporation

Competitive Analysis:

The Latin America diagnostic imaging devices market is highly competitive, with a mix of global and regional players vying for market share. Leading multinational companies such as Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems dominate the market due to their advanced technological offerings and strong distribution networks. These companies leverage their established brands and extensive portfolios, offering a wide range of imaging solutions, including MRI, CT scans, ultrasound, and X-ray systems. In addition to global players, regional companies are emerging, aiming to meet the unique needs of local markets. These companies often offer cost-effective solutions tailored to specific regional challenges, such as limited healthcare budgets and the need for portable devices. As demand for diagnostic imaging devices grows across Latin America, competition is expected to intensify, with companies focusing on product innovation, affordability, and localized support services to maintain or grow their market positions.

Recent Developments:

In Feb 2025, EssilorLuxottica acquired Cellview Imaging Inc., a Canadian start-up specializing in innovative diagnostics via retinal imaging11. This acquisition is expected to strengthen EssilorLuxottica’s position in the Latin American diagnostic imaging devices market by expanding its portfolio of advanced retinal imaging technologies.
In January 2025, Philips launched the AI-enabled CT 5300 system at the 23rd Asian Oceanian Congress of Radiology (AOCR) 2025. The CT 5300 is equipped with advanced AI capabilities and is designed for diagnosis, interventional procedures and screening. It aims to increase diagnostic confidence, streamline workflow efficiency, and maximize system uptime.
In July 2024, Mindray partnered with Israelita Albert Einstein Hospital to promote healthcare equality in Latin America. As the “master sponsor” of the 9th Latin American Forum on Quality and Safety in Healthcare, Mindray facilitated courses on big data in medical practice, telemedicine, advanced techniques in ultrasound evaluation and in-vitro diagnosis.

Market Concentration & Characteristics:

The Latin America diagnostic imaging devices market exhibits moderate concentration, with a few global leaders holding a significant share. Companies like Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems dominate the market, benefiting from their established brand recognition, extensive product portfolios, and advanced technologies. These multinational players cater to both high-end healthcare facilities and emerging markets in the region, offering a wide range of imaging solutions, including MRI, CT, ultrasound, and X-ray systems. At the same time, the market is characterized by increasing competition from regional players who focus on providing cost-effective, localized solutions to meet the unique needs of Latin American healthcare systems. These players often offer more affordable and portable devices, which are especially popular in rural and underserved areas. The market’s competitive landscape is marked by technological innovation, price sensitivity, and a growing focus on improving accessibility and healthcare infrastructure.

Report Coverage:

The research report offers an in-depth analysis based on type, application, and end-user. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The diagnostic imaging devices market in Latin America is poised for steady growth in the coming years.
Rising prevalence of chronic diseases will continue to drive demand for advanced diagnostic imaging technologies.
Technological innovations, including AI-driven imaging and portable devices, will transform the market landscape.
Government investments in healthcare infrastructure will enhance access to diagnostic imaging in underserved regions.
The growth of medical tourism in countries like Mexico and Brazil will increase demand for high-quality diagnostic services.
The need for cost-effective imaging solutions will drive market growth, particularly in developing economies.
Local players will intensify competition by offering affordable, region-specific diagnostic devices.
The integration of AI in diagnostic imaging systems will enhance both accuracy and operational efficiency.
Point-of-care diagnostic solutions will become more widespread, improving healthcare access in rural and remote areas.
The expansion of diagnostic imaging use in veterinary care and research will present new market opportunities.

CHAPTER NO. 1 : INTRODUCTION 19

1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.2. Key Benefits for Stakeholders 19

1.3. Target Audience 20

1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Latin America Diagnostic Imaging Devices Market Snapshot 21

2.2. Latin America Diagnostic Imaging Devices Market, 2018 – 2032 (USD Million) 23

CHAPTER NO. 3 : LATIN AMERICA DIAGNOSTIC IMAGING DEVICES MARKET – INDUSTRY ANALYSIS 24

3.1. Introduction 24

3.2. Market Drivers 25

3.3. Increasing Prevalence of Chronic Diseases 25

3.4. Rising Healthcare Expenditures and Availability of Favourable Reimbursements 26

3.5. Market Restraints 27

3.6. Rising Healthcare Costs and Declining Reimbursement Rates 27

3.7. Market Opportunities 28

3.8. Market Opportunity Analysis 28

3.9. Porter’s Five Forces Analysis 29

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 30

4.1. Company Market Share Analysis – 2023 30

4.1.1. Latin America Diagnostic Imaging Devices Market: Company Market Share, by Volume, 2023 30

4.1.2. Latin America Diagnostic Imaging Devices Market: Company Market Share, by Revenue, 2023 31

4.1.3. Latin America Diagnostic Imaging Devices Market: Top 6 Company Market Share, by Revenue, 2023 31

4.1.4. Latin America Diagnostic Imaging Devices Market: Top 3 Company Market Share, by Revenue, 2023 32

4.2. Latin America Diagnostic Imaging Devices Market Company Volume Market Share, 2023 33

4.3. Latin America Diagnostic Imaging Devices Market Company Revenue Market Share, 2023 34

4.4. Company Assessment Metrics, 2023 35

4.4.1. Stars 35

4.4.2. Emerging Leaders 35

4.4.3. Pervasive Players 35

4.4.4. Participants 35

4.5. Start-ups /SMEs Assessment Metrics, 2023 35

4.5.1. Progressive Companies 35

4.5.2. Responsive Companies 35

4.5.3. Dynamic Companies 35

4.5.4. Starting Blocks 35

4.6. Strategic Developments 36

4.6.1. Acquisitions & Mergers 36

New Product Launch 36

Regional Expansion 36

4.7. Key Players Product Matrix 38

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 39

5.1. PESTEL 39

5.1.1. Political Factors 39

5.1.2. Economic Factors 39

5.1.3. Social Factors 39

5.1.4. Technological Factors 39

5.1.5. Environmental Factors 39

5.1.6. Legal Factors 39

5.2. Adjacent Market Analysis 39

CHAPTER NO. 6 : LATIN AMERICA DIAGNOSTIC IMAGING DEVICES MARKET – BY TYPE SEGMENT ANALYSIS 40

6.1. Latin America Diagnostic Imaging Devices Market Overview, by Type Segment 40

6.1.1. Latin America Diagnostic Imaging Devices Market Revenue Share, By Type, 2023 & 2032 41

6.1.2. Latin America Diagnostic Imaging Devices Market Attractiveness Analysis, By Type 42

6.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 42

6.1.4. Latin America Diagnostic Imaging Devices Market Revenue, By Type, 2018, 2023, 2027 & 2032 43

6.2. X-ray Imaging Systems 44

6.3. Magnetic Resonance Imaging (MRI) Systems 45

6.4. Nuclear Imaging Systems 46

6.5. Ultrasound Imaging Systems 47

6.6. Others 48

CHAPTER NO. 7 : LATIN AMERICA DIAGNOSTIC IMAGING DEVICES MARKET – BY APPLICATION SEGMENT ANALYSIS 49

7.1. Latin America Diagnostic Imaging Devices Market Overview, by Application Segment 49

7.1.1. Latin America Diagnostic Imaging Devices Market Revenue Share, By Application, 2023 & 2032 50

7.1.2. Latin America Diagnostic Imaging Devices Market Attractiveness Analysis, By Application 51

7.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 51

7.1.4. Latin America Diagnostic Imaging Devices Market Revenue, By Application, 2018, 2023, 2027 & 2032 52

7.2. Cardiology 53

7.3. Neurology 54

7.4. Oncology 55

7.5. Orthopaedics 56

7.6. Others 57

CHAPTER NO. 8 : LATIN AMERICA DIAGNOSTIC IMAGING DEVICES MARKET – BY END-USER SEGMENT ANALYSIS 58

8.1. Latin America Diagnostic Imaging Devices Market Overview, by End-user Segment 58

8.1.1. Latin America Diagnostic Imaging Devices Market Revenue Share, By End-user, 2023 & 2032 59

8.1.2. Latin America Diagnostic Imaging Devices Market Attractiveness Analysis, By End-user 60

8.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 60

8.1.4. Latin America Diagnostic Imaging Devices Market Revenue, By End-user, 2018, 2023, 2027 & 2032 61

8.2. Hospitals 62

8.3. Diagnostic Centers 63

8.4. Ambulatory Surgical Centers 64

8.5. Others 65

CHAPTER NO. 9 : DIAGNOSTIC IMAGING DEVICES MARKET – LATIN AMERICA 66

9.1. Latin America 66

9.1.1. Key Highlights 66

9.1.2. Latin America Diagnostic Imaging Devices Market Volume, By Country, 2018 – 2023 (Units) 67

9.1.3. Latin America Diagnostic Imaging Devices Market Revenue, By Country, 2018 – 2023 (USD Million) 68

9.1.4. Latin America Diagnostic Imaging Devices Market Volume, By Type, 2018 – 2023 (Units) 69

9.1.5. Latin America Diagnostic Imaging Devices Market Revenue, By Type, 2018 – 2023 (USD Million) 70

9.1.6. Latin America Diagnostic Imaging Devices Market Volume, By Application, 2018 – 2023 (Units) 71

9.1.7. Latin America Diagnostic Imaging Devices Market Revenue, By Application, 2018 – 2023 (USD Million) 72

9.1.8. Latin America Diagnostic Imaging Devices Market Volume, By End-user, 2018 – 2023 (Units) 73

9.1.9. Latin America Diagnostic Imaging Devices Market Revenue, By End-user, 2018 – 2023 (USD Million) 74

9.2. Brazil 75

9.3. Argentina 75

9.4. Peru 75

9.5. Chile 75

9.6. Colombia 75

9.7. Rest of Latin America 75

CHAPTER NO. 10 : COMPANY PROFILES 76

10.1. Mindray 76

10.1.1. Company Overview 76

10.1.2. Product Portfolio 76

10.1.3. Swot Analysis 76

10.1.4. Business Strategy 77

10.1.5. Financial Overview 77

10.2. GE Healthcare 78

10.3. Siemens Healthineers 78

10.4. Philips Healthcare 78

10.5. Fujifilm Holdings Corporation 78

10.6. Company 6 78

10.7. Company 7 78

10.8. Company 8 78

10.9. Company 9 78

10.10. Company 10 78

10.11. Company 11 78

10.12. Company 12 78

10.13. Company 13 78

10.14. Company 14 78

List of Figures

FIG NO. 1. Latin America Diagnostic Imaging Devices Market Revenue, 2018 – 2032 (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Latin America Diagnostic Imaging Devices Market 29

FIG NO. 3. Company Share Analysis, 2023 30

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 31

FIG NO. 6. Company Share Analysis, 2023 32

FIG NO. 7. Latin America Diagnostic Imaging Devices Market – Company Volume Market Share, 2023 33

FIG NO. 8. Latin America Diagnostic Imaging Devices Market – Company Revenue Market Share, 2023 34

FIG NO. 9. Latin America Diagnostic Imaging Devices Market Revenue Share, By Type, 2023 & 2032 41

FIG NO. 10. Market Attractiveness Analysis, By Type 42

FIG NO. 11. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 42

FIG NO. 12. Latin America Diagnostic Imaging Devices Market Revenue, By Type, 2018, 2023, 2027 & 2032 43

FIG NO. 13. Latin America Diagnostic Imaging Devices Market for X-ray Imaging Systems, Volume (Units) and Revenue (USD Million) 2018 – 2032 44

FIG NO. 14. Latin America Diagnostic Imaging Devices Market for Magnetic Resonance Imaging (MRI) Systems, Volume (Units) and Revenue (USD Million) 2018 – 2032 45

FIG NO. 15. Latin America Diagnostic Imaging Devices Market for Nuclear Imaging Systems, Volume (Units) and Revenue (USD Million) 2018 – 2032 46

FIG NO. 16. Latin America Diagnostic Imaging Devices Market for Ultrasound Imaging Systems, Volume (Units) and Revenue (USD Million) 2018 – 2032 47

FIG NO. 17. Latin America Diagnostic Imaging Devices Market for Others, Volume (Units) and Revenue (USD Million) 2018 – 2032 48

FIG NO. 18. Latin America Diagnostic Imaging Devices Market Revenue Share, By Application, 2023 & 2032 50

FIG NO. 19. Market Attractiveness Analysis, By Application 51

FIG NO. 20. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 51

FIG NO. 21. Latin America Diagnostic Imaging Devices Market Revenue, By Application, 2018, 2023, 2027 & 2032 52

FIG NO. 22. Latin America Diagnostic Imaging Devices Market for Cardiology, Volume (Units) and Revenue (USD Million) 2018 – 2032 53

FIG NO. 23. Latin America Diagnostic Imaging Devices Market for Neurology, Volume (Units) and Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Latin America Diagnostic Imaging Devices Market for Oncology, Volume (Units) and Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Latin America Diagnostic Imaging Devices Market for Orthopedics, Volume (Units) and Revenue (USD Million) 2018 – 2032 56

FIG NO. 26. Latin America Diagnostic Imaging Devices Market for Others, Volume (Units) and Revenue (USD Million) 2018 – 2032 57

FIG NO. 27. Latin America Diagnostic Imaging Devices Market Revenue Share, By End-user, 2023 & 2032 59

FIG NO. 28. Market Attractiveness Analysis, By End-user 60

FIG NO. 29. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 60

FIG NO. 30. Latin America Diagnostic Imaging Devices Market Revenue, By End-user, 2018, 2023, 2027 & 2032 61

FIG NO. 31. Latin America Diagnostic Imaging Devices Market for Hospitals, Volume (Units) and Revenue (USD Million) 2018 – 2032 62

FIG NO. 32. Latin America Diagnostic Imaging Devices Market for Diagnostic Centers, Volume (Units) and Revenue (USD Million) 2018 – 2032 63

FIG NO. 33. Latin America Diagnostic Imaging Devices Market for Ambulatory Surgical Centers, Volume (Units) and Revenue (USD Million) 2018 – 2032 64

FIG NO. 34. Latin America Diagnostic Imaging Devices Market for Others, Volume (Units) and Revenue (USD Million) 2018 – 2032 65

FIG NO. 35. Latin America Diagnostic Imaging Devices Market Revenue, 2018 – 2032 (USD Million) 66

List of Tables

TABLE NO. 1. : Latin America Diagnostic Imaging Devices Market: Snapshot 21

TABLE NO. 2. : Drivers for the Latin America Diagnostic Imaging Devices Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Latin America Diagnostic Imaging Devices Market: Impact Analysis 27

TABLE NO. 4. : Latin America Diagnostic Imaging Devices Market Volume, By Country, 2018 – 2023 (Units) 67

TABLE NO. 5. : Latin America Diagnostic Imaging Devices Market Volume, By Country, 2024 – 2032 (Units) 67

TABLE NO. 6. : Latin America Diagnostic Imaging Devices Market Revenue, By Country, 2018 – 2023 (USD Million) 68

TABLE NO. 7. : Latin America Diagnostic Imaging Devices Market Revenue, By Country, 2024 – 2032 (USD Million) 68

TABLE NO. 8. : Latin America Diagnostic Imaging Devices Market Volume, By Type, 2018 – 2023 (Units) 69

TABLE NO. 9. : Latin America Diagnostic Imaging Devices Market Volume, By Type, 2024 – 2032 (Units) 69

TABLE NO. 10. : Latin America Diagnostic Imaging Devices Market Revenue, By Type, 2018 – 2023 (USD Million) 70

TABLE NO. 11. : Latin America Diagnostic Imaging Devices Market Revenue, By Type, 2024 – 2032 (USD Million) 70

TABLE NO. 12. : Latin America Diagnostic Imaging Devices Market Volume, By Application, 2018 – 2023 (Units) 71

TABLE NO. 13. : Latin America Diagnostic Imaging Devices Market Volume, By Application, 2024 – 2032 (Units) 71

TABLE NO. 14. : Latin America Diagnostic Imaging Devices Market Revenue, By Application, 2018 – 2023 (USD Million) 72

TABLE NO. 15. : Latin America Diagnostic Imaging Devices Market Revenue, By Application, 2024 – 2032 (USD Million) 72

TABLE NO. 16. : Latin America Diagnostic Imaging Devices Market Volume, By End-user, 2018 – 2023 (Units) 73

TABLE NO. 17. : Latin America Diagnostic Imaging Devices Market Volume, By End-user, 2024 – 2032 (Units) 73

TABLE NO. 18. : Latin America Diagnostic Imaging Devices Market Revenue, By End-user, 2018 – 2023 (USD Million) 74

TABLE NO. 19. : Latin America Diagnostic Imaging Devices Market Revenue, By End-user, 2024 – 2032 (USD Million) 74

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Frequently Asked Questions

What is the current size of the Latin America Diagnostic Imaging Devices Market?

The market is projected to grow from USD 1,810.56 million in 2024 to an estimated USD 2,306.98 million by 2032.

What factors are driving the growth of the Latin America Diagnostic Imaging Devices Market?

Key drivers include the rising prevalence of chronic diseases, an aging population, technological advancements, increased accessibility to healthcare, and the growth of medical tourism in countries like Mexico, Brazil, and Argentina.

What are the key segments within the Latin America Diagnostic Imaging Devices Market?

Key segments include MRI, CT scans, ultrasound, X-ray systems, and portable diagnostic devices, with emerging technologies like AI integration gaining importance.

Who are the major players in the Latin America Diagnostic Imaging Devices Market?

Major players include global companies like Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems, as well as emerging regional players.

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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