South America Fluoroscopy Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 348.47 Million |
Market Size (2029) | USD 433.02 Million |
CAGR (2024 - 2029) | 4.44 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Fluoroscopy Market Analysis
The South America Fluoroscopy Market size is estimated at USD 348.47 million in 2024, and is expected to reach USD 433.02 million by 2029, growing at a CAGR of 4.44% during the forecast period (2024-2029).
Fluoroscopy devises market is primarily driven by rising demand for minimally-invasive surgeries, growing geriatric population, the prevalence of chronic diseases, and increasing use of fluoroscopy in pain management.
Medical imaging has applications at various stages of inpatient management processes, such as diagnosis, staging, therapy delivery, and its follow-ups. The primary role for imaging has been diagnostics, but it is increasing slowly for interventional diagnostics and therapeutic uses that are driven by minimally-invasive procedures. Fluoroscopy presents real-time moving images for the diagnostic evaluation of soft and hard tissue conditions. It is an indispensable tool for many interventional medical procedures. The fluoroscopy market is anticipated to register significant growth, with an increasing number of minimally-invasive surgeries that are of high-precision, including the devices used, resulting in better support for both patients and surgeons. The growing preference for minimally-invasive procedures is due to benefits, such as the lower risk of complications, reduced cost, and lesser recuperation period, less pain, small incisions, and less scarring, which have contributed to the growth of the market. The use of fluoroscopy in pain management is expected to supplement the growth of the market. However, the side effects associated with radiation is expected to hinder the market growth over the forecast period.
South America Fluoroscopy Market Trends
This section covers the major market trends shaping the South America Fluoroscopy Market according to our research experts:
The Cardiovascular Segment, under Application, is Expected to Account for the Largest Market Share, during the Forecast Period
Cardiovascular procedures require extensive fluoroscopic guidance to navigate endovascular catheters. The fluoroscopy provides excellent spatial and temporal resolution, having a limitation of exposure of ionizing radiation to the patients and staff, along with poor soft tissue characterization. In the process of cardiac catheterization, fluoroscopy is used to help the healthcare provider see the flow of blood through the coronary arteries to check for arterial blockages. Therefore, the rising prevalence of cardiovascular diseases across the region is a major factor driving the growth of the market. According to an article published in the journal Circulation, in 2017, cardiovascular disease has been the main cause of death in Brazil since the end of the 1960s. the reasons for the maintenance of the ranking is due to the lifestyle changes related to urbanization and globalization and the rapid population aging caused by greater life expectancy and lower fertility.
South America Fluoroscopy Industry Overview
The market is consolidated, owing to the presence of a few major players in the market. The major market players are focusing on technological advancements and reducing the side effects of the procedures. Some of the major players in the market are Canon Medical Systems Corporation, GE Healthcare, Hitachi Medical Systems, Hologic Inc., Koninklijke Philips NV, Shimadzu Medical, and Siemens Healthineers.
South America Fluoroscopy Market Leaders
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Canon Medical Systems Corporation
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GE Healthcare (GE Company)
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Hitachi Medical Systems
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Siemens Healthineers
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Hologic Inc.
*Disclaimer: Major Players sorted in no particular order
South America Fluoroscopy Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Geriatric Population and Prevalence of Chronic Diseases
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4.2.2 Rising Demand for Minimally-invasive Surgeries
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4.2.3 Increasing Use of Fluoroscopy in Pain Management
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4.3 Market Restraints
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4.3.1 Side Effects and Radiation Exposure
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4.3.2 Rising Adoption of Refurbished Systems
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device Type
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5.1.1 Fixed Fluoroscopes
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5.1.2 Mobile Fluoroscopes
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5.2 By Application
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5.2.1 Orthopedic
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5.2.2 Cardiovascular
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5.2.3 Pain Management and Trauma
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5.2.4 Neurology
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5.2.5 Gastrointestinal
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5.2.6 Urology
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5.2.7 General Surgery
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5.2.8 Other Applications
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5.3 Geography
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5.3.1 South America
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5.3.1.1 Brazil
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5.3.1.2 Argentina
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5.3.1.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Canon Medical Systems Corporation
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6.1.2 GE Healthcare (GE Company)
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6.1.3 Hitachi Medical Systems
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6.1.4 Siemens Healthineers
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6.1.5 Hologic Inc.
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6.1.6 Carestream Health
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6.1.7 Orthoscan Inc.
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6.1.8 Shimadzu Medical
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6.1.9 Koninklijke Philips NV
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Fluoroscopy Industry Segmentation
As per the scope of the report, fluoroscopy refers to an imaging technique that uses X-rays to produce real-time images of internal organs. Unlike X-ray images, which are fixed still images on film, the fluoroscopy produces live moving pictures of internal organs, which can be viewed by the naked eye on a digital monitor. This report is segmented by Device Type, Application and by Geography.
By Device Type | |
Fixed Fluoroscopes | |
Mobile Fluoroscopes |
By Application | |
Orthopedic | |
Cardiovascular | |
Pain Management and Trauma | |
Neurology | |
Gastrointestinal | |
Urology | |
General Surgery | |
Other Applications |
Geography | |||||
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South America Fluoroscopy Market Research FAQs
How big is the South America Fluoroscopy Market?
The South America Fluoroscopy Market size is expected to reach USD 348.47 million in 2024 and grow at a CAGR of 4.44% to reach USD 433.02 million by 2029.
What is the current South America Fluoroscopy Market size?
In 2024, the South America Fluoroscopy Market size is expected to reach USD 348.47 million.
Who are the key players in South America Fluoroscopy Market?
Canon Medical Systems Corporation, GE Healthcare (GE Company), Hitachi Medical Systems, Siemens Healthineers and Hologic Inc. are the major companies operating in the South America Fluoroscopy Market.
What years does this South America Fluoroscopy Market cover, and what was the market size in 2023?
In 2023, the South America Fluoroscopy Market size was estimated at USD 333.66 million. The report covers the South America Fluoroscopy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Fluoroscopy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Fluoroscopy Industry Report
Statistics for the 2024 South America Fluoroscopy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Fluoroscopy analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.