South America Computed Tomography Market Size
| 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.
South America Computed Tomography Market Trends
This section covers the major market trends shaping the South America Computed Tomography Market according to our research experts:
Application in Cardiology Segment is Expected to Account for Largest Market Share During the Forecast Period
Modern CT uses a non-invasive procedure that uses X-rays to make images of the heart. Modern CT scanners, or multidetector CT, or MDCT are quick and detailed. This advanced MDCT can take images of the beating heart, and show calcium and blockages in the heart arteries. Further MDCT is used to gather additional information on the heart’s structure and how well the heart pumps blood, fluid in the pericardial sac covering the surface of the heart, the amount of plaque buildup and narrowing of your coronary arteries and any abnormalities in the large blood vessels.
According to the World Aging Population 2017 report by the United Nations, the population in many South American countries is aging. The geriatric population is more prone to chronic illnesses, especially cardiac disorders. Hence, the demand for CT for the diagnosis of cardiac disorders is expected to increase in the future. This will help the market growth in the region.
South America Computed Tomography Industry Overview
The computed tomography (CT) market is a consolidated market, owing to the presence of a few major players in the market. Most of the market players are focusing on bringing technologically advanced products in the market to acquire the maximum market share.
South America Computed Tomography Market Leaders
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Canon Medical Systems Corporation
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GE Healthcare
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Hitachi Healthcare Systems
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Koninklijke Philips NV
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Siemens Healthineers
*Disclaimer: Major Players sorted in no particular order
South America Computed Tomography Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Incidences of Cancer and other Chronic Diseases
- 4.2.2 Rising Geriatric Population
- 4.2.3 Technological Advances in CT Techniques and Devices
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4.3 Market Restraints
- 4.3.1 Expensive Equipment and Procedure
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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
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5.1 By Type
- 5.1.1 Low Slice
- 5.1.2 Medium Slice
- 5.1.3 High Slice
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5.2 By Application
- 5.2.1 Oncology
- 5.2.2 Neurology
- 5.2.3 Cardiovascular
- 5.2.4 Other Applications
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Clinics
- 5.3.3 Other End Users
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5.4 Geography
- 5.4.1 South America
- 5.4.1.1 Brazil
- 5.4.1.2 Argentina
- 5.4.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Canon Medical Systems Corporation
- 6.1.2 Fujifilm Holdings Corporation
- 6.1.3 GE Healthcare
- 6.1.4 Hitachi Healthcare Systems
- 6.1.5 Koninklijke Philips NV
- 6.1.6 NeuroLogica Corporation
- 6.1.7 Neusoft Medical Systems Co. Ltd
- 6.1.8 Siemens Healthineers
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Computed Tomography Industry Segmentation
As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images, or scans, of areas inside the body. Also called computerized axial tomography (CAT) scanning, it is primarily used in cancer diagnosis.
| By Type | Low Slice | |
| Medium Slice | ||
| High Slice | ||
| By Application | Oncology | |
| Neurology | ||
| Cardiovascular | ||
| Other Applications | ||
| By End User | Hospitals | |
| Clinics | ||
| Other End Users | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
South America Computed Tomography Market Research FAQs
How big is the South America CT Market?
The South America CT Market size is expected to reach USD 516.12 million in 2024 and grow at a CAGR of 4.88% to reach USD 654.97 million by 2029.
What is the current South America CT Market size?
In 2024, the South America CT Market size is expected to reach USD 516.12 million.
Who are the key players in South America CT Market?
Canon Medical Systems Corporation, GE Healthcare, Hitachi Healthcare Systems, Koninklijke Philips NV and Siemens Healthineers are the major companies operating in the South America CT Market.
What years does this South America CT Market cover, and what was the market size in 2023?
In 2023, the South America CT Market size was estimated at USD 492.11 million. The report covers the South America CT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America CT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America CT Industry Report
Statistics for the 2024 South America CT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America CT analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
