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The South America C-Arms Market is segmented by Type (Fixed C-Arms and Mobile C-Arms), Application (Cardiology, Gastroenterology, Neurology, Orthopedics and Trauma, Oncology, and Other Applications), and Geography.
2018 - 2026
The South America C-Arms Market is expected to register a CAGR of nearly 2.8% during the forecast period. The major factors driving the growth of the market include rising geriatric population and increasing incidence of chronic diseases and advancements in maneuverability and imaging capabilities.
C-arms are being increasingly used by healthcare professionals to provide live image guidance in trauma, orthopedic and vascular procedures. The devices provide high-resolution X-ray images in real-time, which helps physicians to monitor progress at any point during the operation and immediately make necessary corrections.
According to the Alzheimer Disease International, in 2016, approximately 500,000 people lived with dementia in Argentina, and this number was projected to increase to 1.2 million by 2050. In addition, as per the estimates World Heart Federation (2017), non-communicable diseases (NCDs), including CVDs, are estimated to account for nearly three quarters (74%) of total adult deaths in Brazil and this is expected to rise in the forecast period, which ultimately rises use of these devices which shows positive impact on the market.
Thus, owing to above mentioned factors, along with the increasing demand for healthcare infrastructure in South America region, are driving the market.
As per scope of the report, C-arm is a medical imaging device that is based on X-ray technology and can be used in several diagnostic and interventional procedures. The South America C-Arms Market is segmented by Type (Fixed C-Arms and Mobile C-Arms), Application (Cardiology, Gastroenterology, Neurology, Orthopedics and Trauma, Oncology, and Other Applications), and Geography.
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With an increasing focus on the portability of C-arms, there is a significant market opportunity for companies producing mini C-arms. Several mini c-arms are designed explicitly for extremity imaging and have a smaller footprint, along with increased mobility compared to the full-size c-arms. The market players are increasing efforts to develop adaptable platforms that fulfill the needs of healthcare providers for various surgical specialties. For instance, in February 2019, lPhilips announced the launch of Zenition mobile C-arm platform that contributes toward innovations in image capture and image processing.
According to the World Population Ageing 2019 report, in Argentina population aged 65 years or over in 2019 was 5,035 (11.2%) and this number is projected to reach to 6,249 (12.7%) in 2030. As the number of elderly population is expected to grow in coming years and elderly population are more prone to chronic diseases which ultimately drives the market in future. Adding to that, rising geriatric pouplation and increasing incidence of chronic disease, the market is expected to witness significant growth over the forecast period.
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The South America C-arms market is consolidated and is highly competitive. Major players are consistently trying to gain a competitive advantage through product innovations and upgrades in existing product lines. Mobile C-arm segment is registering intense competition due to several new product launches. Some of the market players are GE Healthcare, Siemens Healthineers, Ziehm Imaging GmbH, Canon Medical Systems Corporation, Koninklijke Philips NV, OrthoScan Inc, Shimadzu Corporation and Stephanix.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population and Increasing Incidence of Chronic Diseases
4.2.2 Advancements in Maneuverability and Imaging Capabilities
4.3 Market Restraints
4.3.1 High Procedural and Equipment Costs
4.3.2 Low Replacement Rates of C-Arm Systems
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Fixed C-Arms
5.1.2 Mobile C-Arms
18.104.22.168 Full-Size C-Arms
22.214.171.124 Mini C-Arms
5.2 By Application
5.2.4 Orthopedics and Trauma
5.2.6 Other Applications
5.3.1 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare
6.1.2 Siemens Healthineers
6.1.3 Ziehm Imaging GmbH
6.1.4 Canon Medical Systems Corporation
6.1.5 Koninklijke Philips NV
6.1.6 OrthoScan Inc
6.1.7 Shimadzu Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments