South America Ultrasound Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The South America Ultrasound Devices Market is segmented by Application (Anesthesiology, Cardiology, Gynecology/Obstetrics, Radiology, Critical Care, Other Applications), Technology, Type, and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 5.8 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

  • The propelling factors for the growth of the ultrasound devices market in South America include the government and private funding for R&D in ultrasound imaging, an increasing number of healthcare providers, technological advancements, and increasing incidences of chronic diseases.
  • The incidence and prevalence of chronic diseases are rapidly increasing in South America. As a result, the demand for ultrasound imaging devices is expected to rise, along with the demand for the early detection of disease and minimization of the cost of treating these chronic diseases. This also increases the number of diagnostic imaging procedures. The significant contribution to medical diagnostics and the ease of use has created a huge demand, and therefore, attracted various funding bodies to invest, which is expected to increase in the coming years.
  • The rising technological advancements supported by the adoption of trusted associations are expected to boost the market growth. Curtailment in the size of ultrasound devices has given the market a slight boost, if not a significant one. It has given the healthcare facilities a chance to replace old heavy devices with small devices. With the reduction in the size of these devices, the problem of storage is solved, enabling the facilities to operate more efficiently with more number of devices.

Scope of the Report

As per the scope of the report, a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also majorly used in chronic diseases, which include health conditions, such as heart disease, asthma, cancer, and diabetes. Therefore, these devices are being utilized as both diagnostic imaging and therapeutic modality and have a wide range of applications in the medical field.

By Application
Anesthesiology
Cardiology
Gynecology/Obstetrics
Radiology
Critical Care
Other Applications
By Technology
2D Ultrasound Imaging
3D and 4D Ultrasound Imaging
Doppler Imaging
High-intensity Focused Ultrasound
By Type
Stationary Ultrasound
Portable Ultrasound
Geography
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Cardiology Application is Expected to Register a High CAGR and Expected to do the Same Over the Forecast Period

  • The unique feature of ultrasound makes procedures painless and patients are not exposed to ionizing radiation. Cardiac ultrasound helps in evaluating the structure and function of the heart and associated vessels. The evaluation is one of the fastest, easy and painless that uses ultrasound waves to produce images of the heart and helps the doctor to understand the patient’s heart health. The use of focused cardiac ultrasound has also grown tremendously over recent years and is increasingly being performed and interpreted by intensivists, anesthesiologists and emergency medicine physicians. These imaging techniques are useful in establishing etiologies of cardiac dysfunction and compliment the physical examination and standard hemodynamic monitoring.
  • Ischemic heart diseases are the leading causes of death in most countries in South America. As a result, the demand for ultrasound equipment for early diagnosis is high, which has helped the market growth in the region.
Graph-new.png

Competitive Landscape

South America is a developing region. Although the healthcare system in many countries in the region are not highly developed, these countries are spending more each year in their healthcare system. This has encouraged many global companies to enter the market and as a result, many global players in the patient monitoring market are present in the region. These factors have made the region very competitive.

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 Government and Private Funding for R&D in Ultrasound Imaging

      2. 4.2.2 Technological Advancements

      3. 4.2.3 Increasing Incidences of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Strict Regulations

      2. 4.3.2 Lack of Skilled Labor to Handle the Advanced Equipment

    4. 4.4 Porter's Five Forces 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 Application

      1. 5.1.1 Anesthesiology

      2. 5.1.2 Cardiology

      3. 5.1.3 Gynecology/Obstetrics

      4. 5.1.4 Radiology

      5. 5.1.5 Critical Care

      6. 5.1.6 Other Applications

    2. 5.2 By Technology

      1. 5.2.1 2D Ultrasound Imaging

      2. 5.2.2 3D and 4D Ultrasound Imaging

      3. 5.2.3 Doppler Imaging

      4. 5.2.4 High-intensity Focused Ultrasound

    3. 5.3 By Type

      1. 5.3.1 Stationary Ultrasound

      2. 5.3.2 Portable Ultrasound

    4. 5.4 Geography

      1. 5.4.1 South America

        1. 5.4.1.1 Brazil

        2. 5.4.1.2 Argentina

        3. 5.4.1.3 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 Fujifilm Holdings Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Hitachi Medical Corporation

      5. 6.1.5 Hologic Inc

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 Mindray Medical International Ltd

      8. 6.1.8 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

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The South America Ultrasound Devices Market market is studied from 2018 - 2026.

The South America Ultrasound Devices Market is growing at a CAGR of 5.8% over the next 5 years.

Canon Medical Systems Corporation, GE Healthcare, Hitachi Healthcare Systems, Koninklijke Philips NV, Siemens Healthineers are the major companies operating in South America Ultrasound Devices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!