Press release
Latin America advanced visualization (AV) Market is Booming Globally with CAGR of 10.15% during period 2017-2025
Advanced visualization (AV) systems are medical instruments, equipped with advanced software that display the numerous aspects of living cells efficiently. They are new-generation data visualization platforms that help end users to view data in depth by providing enhanced image quality. These help specialists by providing a better understanding of various clinical issues, thus, leading to faster and higher quality healthcare. It is widely utilized in most pathological laboratories as well. They also help in targeted drug therapy, ultimately reducing the cost of the procedure. The Latin American AV market is expected to reach USD Bn by 2023 with a CAGR 10.15% of during 2018-2023.
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The market is divided into three primary segments based on the types of product, solution and imaging modality.
Based on the types of product, the market is segmented into hardware and software and services.
Based on solution, the market is divided into enterprise-wide thin client-based solution and standalone workstation-based solution.
Based on imaging modality, the market is classified into magnetic resonance imaging (MRI), positron emission tomography (PET), computer tomography (CT), ultrasound and x-ray.
On the basis of countries, the market is segmented into Brazil, Argentina and the rest of Latin America (LATAM).
Key growth factors
Growth in the gross domestic product (GDP) and rise in income levels are expected to boost the AV market in the coming year. With Brazil and Argentina coming out of recessions, growth is slowly returning to the LATAM region after almost five years of deceleration. Inflation is also controlled at sub-nominal levels, hinting at a favorable environment for the growth of the advanced visualization industry. Chronic diseases have become extremely prominent in this region, such as cancer and cardiovascular diseases. Based on various researches, the Inter-American Development Bank has developed various cost-effective strategies to improve healthcare among people. This may boost the AV market.
Threats and key players
The AV market in LATAM may face various challenges due to the economic limitations of the region, since such systems are quite expensive, and many hospitals may not be able to afford them due to financial constraints and high costs associated with installing medical imaging modalities. According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), in 2017, the poverty rate in LATAM was nearly 31%, driven in part by economic crises in Venezuela and Brazil. This could adversely affect the growth of the AV market. Lack of funding due to economic instability, failures of previous projects, lack of specialized personnel, short-sightedness and limited compromise of the government with eHealth can cause the AV market to be adversely affected. Similarly, limited technological resources can also affect the market.
The key competitors in the Latin American AV market are Toshiba, Ziosoft, Koninklijke Philips N.V., Afga-Gevaert, Conmed and others.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary Latin America
1.4. Executive summary Brazil
1.5. Executive summary Argentina
1.6. Executive summary Rest of LATAM
Chapter 2: Latin America AV market - market overview
2.1. Latin America market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD Bn)
2.2. Latin America - market drivers and challenges
2.3. Value chain analysis Latin America advanced visualization market
2.4. Porters five forces analysis
2.5. Market size- based on the types of product (hardware and software,services)
2.5. a. Hardware and software revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Services revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. Market size- based on solution (enterprise-wide thin client-based solution and standalone workstation-based solution)
2.6. a. Enterprise-wide thin client-based solution- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Standalone workstation-based solution - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. Market size- based on imaging modality (MRI, PET, ultrasound, CT and x-ray)
2.7. a. MRI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. b. PET - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. c. Ultrasound - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. d. CT - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. e. X-ray - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: Brazil AV market- market overview
3.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD Bn)
3.2. Brazil - market drivers and challenges
3.3. Market size- based on the types of product (hardware and software and services)
3.3. a. hardware and software revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. b. Services revenue- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. Market size- based on solution (enterprise-wide thin client-based solution and standalone workstation-based solution)
3.4. a. Enterprise-wide thin client-based solution- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. b. Standalone workstation-based solution - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. Market size- based on imaging modality (MRI, PET, ultrasound, CT and x-ray)
3.5. a. MRI - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. b. PET - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. c. Ultrasound - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. d. CT - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. e. X-ray - Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 4: Argentina AV market - market overview
4.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD Bn)
4.2. Argentina - market drivers and challenges
4.3. Market size- based on the types of product (hardware and software and services)
4.3. a. Hardware and software revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.3. b. Services revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. Market size- based on solution (enterprise-wide thin client-based solution and standalone workstation-based solution)
4.4. a. Enterprise-wide thin client-based solution- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. b. Standalone workstation-based solution - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. Market size- based on imaging modality (MRI, PET, ultrasound, CT and x-ray)
4.5. a. MRI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. b. PET - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. c. Ultrasound - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. d. CT - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. e. X-ray - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations Chapter 7: Competitive landscape
Chapter 5: Rest of LATAM AV market - market overview
5.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD Bn)
5.2. Rest of LATAM - market drivers and challenges
5.3. Market size- based on the types of product (hardware and software and services)
5.3. a. Hardware and software revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.3. b. Services revenue - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.4. Market size- based on solution (enterprise-wide thin client-based solution and standalone workstation-based solution)
5.4. a. Enterprise-wide thin client-based solution- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.4. b. Standalone workstation-based solution - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.5. Market size- based on imaging modality (MRI, PET, ultrasound, CT and x-ray)
5.5. a. MRI - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.5. b. PET - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.5. c. Ultrasound - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.5. d. CT - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
5.5. e. X-ray - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
......
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