Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Type (Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems), By Device Display (Color Ultrasound Devices, Black & White (B/W) Ultrasound Devices), By Device Portability (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices), By Application (Radiology/General Imaging, Obstetrics/Gynecology, Cardiology, Urology, Vascular, Others) And Competitive Landscape
Product Code: ETC079191 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Ultrasound Devices Market is expected to register growth in the coming years. Market growth in Latin America can be attributed to the growing patient population base for chronic and lifestyle-related disorders (such as hypertension and vascular disorders) coupled with growing geriatric population; technological advancements; increasing public-private investments, funds, and grants; and increasing market demand for minimally invasive diseases diagnosis and treatment. However, the strict government regulation, not having enough of well trained and skilled personnel, equipment costs are the restraint of ultrasound device market. The rise in the interest rates and insufficient public health coverage hinder the market growth. The high price also prevent the markets from reaching its true potential. The outbreak of COVID-19 has had an overall negative effect on the market. The pandemic has generated disruptions in the supply chain of ultrasound devices. Some of major players operating in the market have faced supply chain disruption. On the other hand, the manufacturing capacity of a few players has been affected due to the unavailability of locally sourced raw materials or parts.
According to 6Wresearch, Latin America Ultrasound Devices Market is anticipated to gain growth throughout the forecast period 2021-2027. Factor such as the growing number of healthcare providers and increasing funds and investment from government and organisation for the research and development of ultrasound imaging devices. At present, the Brazilian ultrasound device market is playing the leading role in the Latin America market. Introduction of new devices, increasing aging population and developing healthcare infrastructure are majorly fueling the market in this country. Additionally, Mexican ultrasound devices market is next in line is occupying the majority of the market shares, Followed by Brazil. This market is projected to showcase a healthy CAGR during forecast period due to factor like the wide range of devices and growing elderly population. Chile and Columbia are also investing in ultrasound device market. Some of the key players of the Latin America ultrasound device Market include are GE Healthcare, Butterfly Network, Philips Healthcare, Siemens, Advantis, DASA, Trice Imaging, CMR, Shimadzu Corporation, Hitachi and Pie Medical Imaging etc. In September 2019, Butterfly Network, Inc. launched new ultrasound technology that turns smartphone into an ultrasound machine.
The Latin America ultrasound devices market are segmented on the basis of application, size, end users and geography. On the basis of application, the market is segment into Radiology, Cardiology, Neurology, Orthopedic Illnesses, Gynecology and Urology. The radiology/general imaging applications segment is expected to command the largest share of the ultrasound market. On the basis of size ultrasound device segmented into Bulky-Stationary-cart wheel and Handheld or Portable. Handheld or portable ultrasound device segment is fastest growing segment. Based on end user, the Latin America ultrasound devices market has been divided into hospitals & surgical centres, diagnostic centres, ambulatory surgical canters, and others. The diagnostic centres segment dominated the global ultrasound devices market. On the basis of geography, the market is segmented into Brazil, Mexico and Others. The Brazil and Mexico are dominating the ultrasound devices market.
The Latin America ultrasound devices market report thoroughly covers the market by size, by application, by technology, by end user and countries including Brazil, Mexico, Argentina, Chile and rest of Latin America. The Latin America ultrasound devices market outlook report provides an unbiased and detailed analysis of the on-going Latin America ultrasound devices market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segments:
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Ultrasound Devices Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Ultrasound Devices Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Ultrasound Devices Market - Industry Life Cycle |
3.4 Latin America Ultrasound Devices Market - Porter's Five Forces |
3.5 Latin America Ultrasound Devices Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Ultrasound Devices Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Latin America Ultrasound Devices Market Revenues & Volume Share, By Device Display, 2020 & 2027F |
3.8 Latin America Ultrasound Devices Market Revenues & Volume Share, By Device Portability, 2020 & 2027F |
3.9 Latin America Ultrasound Devices Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Latin America Ultrasound Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Ultrasound Devices Market Trends |
6 Latin America Ultrasound Devices Market, 2017 - 2027 |
6.1 Latin America Ultrasound Devices Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Latin America Ultrasound Devices Market, Revenues & Volume, By Device Display, 2017 - 2027 |
6.3 Latin America Ultrasound Devices Market, Revenues & Volume, By Device Portability, 2017 - 2027 |
6.4 Latin America Ultrasound Devices Market, Revenues & Volume, By Application, 2017 - 2027 |
7 Brazil Ultrasound Devices Market, 2017 - 2027 |
7.1 Brazil Ultrasound Devices Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 Brazil Ultrasound Devices Market, Revenues & Volume, By Device Display, 2017 - 2027 |
7.3 Brazil Ultrasound Devices Market, Revenues & Volume, By Device Portability, 2017 - 2027 |
7.4 Brazil Ultrasound Devices Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Mexico Ultrasound Devices Market, 2017 - 2027 |
8.1 Mexico Ultrasound Devices Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Mexico Ultrasound Devices Market, Revenues & Volume, By Device Display, 2017 - 2027 |
8.3 Mexico Ultrasound Devices Market, Revenues & Volume, By Device Portability, 2017 - 2027 |
8.4 Mexico Ultrasound Devices Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Argentina Ultrasound Devices Market, 2017 - 2027 |
9.1 Argentina Ultrasound Devices Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Argentina Ultrasound Devices Market, Revenues & Volume, By Device Display, 2017 - 2027 |
9.3 Argentina Ultrasound Devices Market, Revenues & Volume, By Device Portability, 2017 - 2027 |
9.4 Argentina Ultrasound Devices Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Latin America Ultrasound Devices Market, 2017 - 2027 |
10.1 Rest of Latin America Ultrasound Devices Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Rest of Latin America Ultrasound Devices Market, Revenues & Volume, By Device Display, 2017 - 2027 |
10.3 Rest of Latin America Ultrasound Devices Market, Revenues & Volume, By Device Portability, 2017 - 2027 |
10.4 Rest of Latin America Ultrasound Devices Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Latin America Ultrasound Devices Market Key Performance Indicators |
12 Latin America Ultrasound Devices Market - Opportunity Assessment |
12.1 Latin America Ultrasound Devices Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Ultrasound Devices Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Latin America Ultrasound Devices Market Opportunity Assessment, By Device Display, 2020 & 2027F |
12.4 Latin America Ultrasound Devices Market Opportunity Assessment, By Device Portability, 2020 & 2027F |
12.5 Latin America Ultrasound Devices Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Latin America Ultrasound Devices Market - Competitive Landscape |
13.1 Latin America Ultrasound Devices Market Revenue Share, By Companies, 2020 |
13.2 Latin America Ultrasound Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |