Market Size of South America CT Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 516.12 Million |
Market Size (2029) | USD 654.97 Million |
CAGR (2024 - 2029) | 4.88 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Computed Tomography Market Analysis
The South America CT Market size is estimated at USD 516.12 million in 2024, and is expected to reach USD 654.97 million by 2029, growing at a CAGR of 4.88% during the forecast period (2024-2029).
In South America, the Computed Tomography (CT) market is increasing primarily due to the increasing incidence of cancer and other chronic illnesses. Moreover, the geriatric population is also increasing in South America as the geriatric population is prone to more diseases, which is expected to increase the prevalence of chronic illnesses in South America.
In addition, technological advancements have also made Computed Tomography (CT) technologies safer, which have increased their adoption rate in the region. Hence all these factors have helped the growth of the Computed Tomography (CT) market in the South American region.