South America Fluoroscopy Market Size (2024 - 2029)

The South America Fluoroscopy Market is projected to experience growth driven by the increasing demand for minimally-invasive surgeries, a rising geriatric population, and the prevalence of chronic diseases. The market's expansion is supported by the growing use of fluoroscopy in pain management and its essential role in interventional medical procedures, offering real-time imaging for diagnostic evaluations. The shift towards minimally-invasive procedures, which offer benefits like reduced complications and shorter recovery times, is contributing to the market's growth. However, concerns regarding radiation side effects may pose challenges to the market's expansion.

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Market Size of South America Fluoroscopy Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 348.47 Million
Market Size (2029) USD 433.02 Million
CAGR (2024 - 2029) 4.44 %

Major Players

South America Fluoroscopy Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Fluoroscopy Market Analysis

The South America Fluoroscopy Market size is estimated at USD 348.47 million in 2024, and is expected to reach USD 433.02 million by 2029, growing at a CAGR of 4.44% during the forecast period (2024-2029).

Fluoroscopy devises market is primarily driven by rising demand for minimally-invasive surgeries, growing geriatric population, the prevalence of chronic diseases, and increasing use of fluoroscopy in pain management.

Medical imaging has applications at various stages of inpatient management processes, such as diagnosis, staging, therapy delivery, and its follow-ups. The primary role for imaging has been diagnostics, but it is increasing slowly for interventional diagnostics and therapeutic uses that are driven by minimally-invasive procedures. Fluoroscopy presents real-time moving images for the diagnostic evaluation of soft and hard tissue conditions. It is an indispensable tool for many interventional medical procedures. The fluoroscopy market is anticipated to register significant growth, with an increasing number of minimally-invasive surgeries that are of high-precision, including the devices used, resulting in better support for both patients and surgeons. The growing preference for minimally-invasive procedures is due to benefits, such as the lower risk of complications, reduced cost, and lesser recuperation period, less pain, small incisions, and less scarring, which have contributed to the growth of the market. The use of fluoroscopy in pain management is expected to supplement the growth of the market. However, the side effects associated with radiation is expected to hinder the market growth over the forecast period.

South America Fluoroscopy Industry Segmentation

As per the scope of the report, fluoroscopy refers to an imaging technique that uses X-rays to produce real-time images of internal organs. Unlike X-ray images, which are fixed still images on film, the fluoroscopy produces live moving pictures of internal organs, which can be viewed by the naked eye on a digital monitor. This report is segmented by Device Type, Application and by Geography.

By Device Type
Fixed Fluoroscopes
Mobile Fluoroscopes
By Application
Orthopedic
Cardiovascular
Pain Management and Trauma
Neurology
Gastrointestinal
Urology
General Surgery
Other Applications
Geography
South America
Brazil
Argentina
Rest of South America
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South America Fluoroscopy Market Size Summary

The South America fluoroscopy market is poised for growth, driven by the increasing demand for minimally-invasive surgeries and the rising geriatric population. The market is also bolstered by the prevalence of chronic diseases and the expanding use of fluoroscopy in pain management. Fluoroscopy plays a crucial role in medical imaging, offering real-time moving images that are essential for diagnosing and evaluating soft and hard tissue conditions. This technology is becoming increasingly important in interventional diagnostics and therapeutic applications, supporting high-precision procedures that benefit both patients and surgeons. The preference for minimally-invasive procedures is growing due to their advantages, such as reduced risk of complications, lower costs, shorter recovery times, and minimal scarring. However, the market faces challenges due to the side effects associated with radiation exposure, which could hinder its growth.

The market landscape is characterized by a few major players, including Canon Medical Systems Corporation, GE Healthcare, Hitachi Medical Systems, Hologic Inc., Koninklijke Philips NV, Shimadzu Medical, and Siemens Healthineers. These companies are focusing on technological advancements to enhance the safety and efficacy of fluoroscopy procedures. The rising prevalence of cardiovascular diseases in the region, particularly in Brazil, is a significant factor driving market expansion, as fluoroscopy is extensively used in cardiovascular procedures to navigate endovascular catheters and assess blood flow. Despite the limitations of ionizing radiation exposure and poor soft tissue characterization, the demand for fluoroscopy in cardiac catheterization and other applications continues to support market growth.

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South America Fluoroscopy Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Geriatric Population and Prevalence of Chronic Diseases

      2. 1.2.2 Rising Demand for Minimally-invasive Surgeries

      3. 1.2.3 Increasing Use of Fluoroscopy in Pain Management

    3. 1.3 Market Restraints

      1. 1.3.1 Side Effects and Radiation Exposure

      2. 1.3.2 Rising Adoption of Refurbished Systems

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Device Type

      1. 2.1.1 Fixed Fluoroscopes

      2. 2.1.2 Mobile Fluoroscopes

    2. 2.2 By Application

      1. 2.2.1 Orthopedic

      2. 2.2.2 Cardiovascular

      3. 2.2.3 Pain Management and Trauma

      4. 2.2.4 Neurology

      5. 2.2.5 Gastrointestinal

      6. 2.2.6 Urology

      7. 2.2.7 General Surgery

      8. 2.2.8 Other Applications

    3. 2.3 Geography

      1. 2.3.1 South America

        1. 2.3.1.1 Brazil

        2. 2.3.1.2 Argentina

        3. 2.3.1.3 Rest of South America

South America Fluoroscopy Market Size FAQs

The South America Fluoroscopy Market size is expected to reach USD 348.47 million in 2024 and grow at a CAGR of 4.44% to reach USD 433.02 million by 2029.

In 2024, the South America Fluoroscopy Market size is expected to reach USD 348.47 million.

South America Fluoroscopy Report Snapshots

South America Fluoroscopy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)