South America Nuclear Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The South America Nuclear Imaging Market is segmented by Product Type (Equipment, Radioisotope), Application and by Geography

South America Nuclear Imaging Industry Overview

CAGR
Study Period: 2018 - 2028
CAGR: 4.2 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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South America Nuclear Imaging Market Analysis

The factors that are propelling the growth of the South American market include increasing diagnostic applications in various diseases, such as cancer and cardiovascular diseases, government support, and a shift from standalone to hybrid modalities, and a rise in prevalence of cancer and cardiac disorders in the region. 

Nuclear imaging has applications at various stages of inpatient management processes, such as diagnosis, staging, therapy delivery, and its follow-ups. The primary role of imaging has been diagnostics, but it is increasing slowly for interventional diagnostics and therapeutic uses. However, the lack of proper reimbursement, shortage of the radioisotopes, stringent regulations restraint the market growth in the region.

South America Nuclear Imaging Industry Segments

As per the scope of the report, nuclear medicine imaging procedures are non-invasive, with the exception of intravenous injections, and are usually painless medical tests that help physicians diagnose and evaluate medical conditions. These imaging scans use radioactive materials called radiopharmaceuticals or radiotracers. These radiopharmaceuticals are used in diagnosis and therapeutics. They are small substances that contain a radioactive substance that is used in the treatment of cancer, cardiac, and neurological disorders.

By Product Type
Equipment
Radioisotope
SPECT Radioisotopes
Technetium-99m (TC-99m)
Thallium-201 (TI-201)
Gallium (Ga-67)
Iodine (I-123)
Other SPECT Radioisotopes
PET Radioisotopes
Fluorine-18 (F-18)
Rubidium-82 (RB-82)
Other PET Radioisotopes
By Application
SPECT Applications
Cardiology
Neurology
Thyroid
Other SPECT Applications
PET Applications
Oncology
Cardiology
Neurology
Other PET Applications
Geography
South America
Brazil
Argentina
Rest of South America

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South America Nuclear Imaging Market Trends

This section covers the major market trends shaping the South America Nuclear Imaging Market according to our research experts:

Oncology is Expected to Have the Highest CAGR in the Forecast Period

The prevalence of various types of cancer in South America has shown a significant rise over the past two decades. The FDG-PET/CT is more sensitive than contrast-enhanced CT scan in the staging of several types of lymphoma or in detecting tumor dissemination in several solid cancers, such as breast cancer, lung cancer, and colon cancer. The introduction of sophisticated software to use PET scan as a biomarker has facilitated new ways to calculate new prognostic markers, such as the metabolic tumor volume (MTV) and the total amount of tumor glycolysis (TLG). The 18F-fluorodeoxyglucose (18F-FDG) has high sensitivity. This technique can be used for the imaging of lung cancer, lymphoma, head and neck tumors, breast cancer, esophageal cancer, colorectal cancer, and urinary tract tumors.

As per the report of the National Institute of Health, in Brazil, cancer is the second most common cause of death, after cardiovascular diseases. In addition according to the estimates of the Globocan 2018, there will be 559,371 new cases of cancer in Brazil. Hence, all the aforementioned factors are expected to drive the growth of the market.

brazil cancer

South America Nuclear Imaging Market Competitor Analysis

As per the scope of the report, the nuclear imaging market is highly competitive and consists of a few major players. In terms of market share, few of the major players currently dominate the market. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments.

South America Nuclear Imaging Market Top Players

  1. Canon Medical Systems Corporation

  2. Bracco Imaging SpA

  3. GE Healthcare

  4. Koninklijke Philips NV

  5. Siemens Healthineers

*Disclaimer: Major Players sorted in no particular order

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South America Nuclear Imaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Prevalence of Cancer and Cardiac Disorders

      2. 4.2.2 Increase in Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Limited Reimbursement and Stringent Regulatory Procedures

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Equipment

      2. 5.1.2 Radioisotope

        1. 5.1.2.1 SPECT Radioisotopes

          1. 5.1.2.1.1 Technetium-99m (TC-99m)

          2. 5.1.2.1.2 Thallium-201 (TI-201)

          3. 5.1.2.1.3 Gallium (Ga-67)

          4. 5.1.2.1.4 Iodine (I-123)

          5. 5.1.2.1.5 Other SPECT Radioisotopes

        2. 5.1.2.2 PET Radioisotopes

          1. 5.1.2.2.1 Fluorine-18 (F-18)

          2. 5.1.2.2.2 Rubidium-82 (RB-82)

          3. 5.1.2.2.3 Other PET Radioisotopes

    2. 5.2 By Application

      1. 5.2.1 SPECT Applications

        1. 5.2.1.1 Cardiology

        2. 5.2.1.2 Neurology

        3. 5.2.1.3 Thyroid

        4. 5.2.1.4 Other SPECT Applications

      2. 5.2.2 PET Applications

        1. 5.2.2.1 Oncology

        2. 5.2.2.2 Cardiology

        3. 5.2.2.3 Neurology

        4. 5.2.2.4 Other PET Applications

    3. 5.3 Geography

      1. 5.3.1 South America

        1. 5.3.1.1 Brazil

        2. 5.3.1.2 Argentina

        3. 5.3.1.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 Koninklijke Philips NV

      3. 6.1.3 GE Healthcare

      4. 6.1.4 NTP Radioisotopes SOC

      5. 6.1.5 Bruker Corporation

      6. 6.1.6 Bracco Imaging SpA

      7. 6.1.7 Siemens Healthineers

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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South America Nuclear Imaging Market Research FAQs

The South America Nuclear Imaging Market is studied from 2018 - 2028.

The South America Nuclear Imaging Market is growing at a CAGR of 4.2% over the next 5 years.

Canon Medical Systems Corporation, Bracco Imaging SpA, GE Healthcare, Koninklijke Philips NV, Siemens Healthineers are the major companies operating in South America Nuclear Imaging Market.

South America Nuclear Imaging Industry Reports

In-depth industry statistics and market share insights of the South America Nuclear Imaging sector for 2020, 2021, and 2022. The South America Nuclear Imaging research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the South America Nuclear Imaging report PDF.

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