Market Trends of Brazil Diagnostic Imaging Equipment Industry
This section covers the major market trends shaping the Brazil Diagnostic Imaging Equipment Market according to our research experts:
X-ray is Expected to be Hold the Major Share in the Brazilian Diagnostic Imaging Equipment Market over the Forecast Period
X-ray imaging creates pictures of internal body parts. The images show the parts of the body in different shades of black and white, as different tissues absorb different amounts of radiation. The COVID-19 pandemic significantly contributed to the growth of X-ray devices in Brazil, as these devices play a crucial role in diagnosing COVID-19 through lung X-ray imaging and indicate the affected lung tissue in infected patients.
The development of new products related to X-ray devices is expected to contribute significantly to the market growth. The key players are focusing on adopting various growth strategies, such as new product launches, innovations in the existing products, and mergers and acquisitions, to introduce more efficient medical imaging devices and strengthen their market presence. For instance, in 2018, Agfa entered a partnership with VMI Technologies to start digital X-ray production in Brazil.
Moreover, according to a study titled, 'Estimating the productivity of radiologists in Brazil: the search for a benchmark'', published in April 2020, nearly 16% of the total radiologists stated that the main imaging method employed was an X-ray. This indicates that the rising diagnostic methods related to X-rays are rising in the country. Hence, overall, with the factors mentioned above, the market is expected to exhibit healthy growth in this segment.
