(I-BusinessNews.Com, January 13, 2018 ) 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.
Latin America Vascular Imaging Market Overview:
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.
Latin America Vascular Imaging Market Segmentation:
The Latin America 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.
On the basis of geography, the Vascular Imaging 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 is going to boost the market growth.
Some of the major companies dominating the Vascular Imaging 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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