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Technology Trends and Business Opportunities in Latin American X-Ray Market
Frost & Sullivan, April 2009, Pages: 152
This study provides a comprehensive overview of the Latin American X-Ray Market. Researched countries encompass Brazil and Mexico. Included are competitive profiles, major market drivers and restraints, market shares by revenue and commercial forecasts from 2008-2012.
Research Overview
This Frost & Sullivan research service titled Technology Trends and Business Opportunities in the Latin American X-Ray Market provides an overview of the Latin American region in its early stage of development in the digital market. It focuses on key market drivers and restraints shaping the current market and depicting the future trends along with a comprehensive quantitative analysis that includes current market size, market share and a five-year market forecast for the following two countries: Brazil and Mexico. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: analog film-based radiography (AR), analog computed-based radiography (CR), and digital radiography (DR).
Market Overview
The Latin American Digital Radiography Market to Witness Significant Growth due to the Need to Develop Digital Adoption
X-ray is the most common diagnostic image procedure in Latin America. The market has been under a transition process from AR to CR systems as an intermediate step toward digitalization. However, the cost of DR could restrain the growth of this segment in Latin America. Owing to the sheer size of the Brazilian and Mexican markets, it is vital to step up efforts to penetrate them to increase participation when the digital wave sets in.
“Most hospitals in Latin America reveal that there is a need for larger rooms in the radiology departments - a reason to consider the process of digitalization,” say the analysts of this research. “Since radiologists are not very IT savvy, there is a need to focus on awareness as a mean to improve digital adoption, opening up significant growth opportunities for DR.”
Latin America offers significant prospects for diagnostic imaging companies to enhance their growth rates. In a market that generated revenues of $62.6 million in 2007, the AR segment, with 57.8 percent of the revenues, held the largest share, followed by the analog CR segment, which accounted for 27.5 percent, and the DR segment, the remaining 14.7 percent. Presently, there are more than 15 major participants competing in this market with around 82.4 percent of the total revenues controlled by the top three competitors.
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