The Latin America, Middle East and Africa Radiology as a Service Market is expected to witness market growth of 23.7% CAGR during the forecast period (2021-2027).
Radiology refers to crucial diagnostic equipment for different types of diseases. Radiology is utilized to guide the further direction of the treatment for conditions like stroke and heart diseases. In addition, it is also utilized for the diagnosis of diseases like breast cancer (mammography), with early diagnosis decreasing the death rate. In addition, these technologies are utilized for many diseases and skeletal conditions like fractures.
One of the major catalysts for the growth of the market is the rise in demand for sophisticated and highly effective medical imaging services. In addition, the growth of the market is expected to be fuelled by the increasing rates of cancer around the world which directly increases the requirement for medical images.
In countries like Argentina, UAE, and South Africa, hospitals belonging to urban and rural areas have increased their expenditure to install diagnostic imaging devices. In addition, some of the advanced healthcare institutions are gradually upgrading to costly, and advanced diagnostic devices which is expected to allow the regional population to avail advanced healthcare facilities. Additionally, countries that were once bereft of basic imaging equipment are now installing midrange imaging devices to provide better medical treatments.
The Brazil market dominated the LAMEA Cloud-based Imaging IT Services Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $13.1 million by 2027. The Argentina market is expected to witness a CAGR of 24.4% during (2021 - 2027). Additionally, The UAE market is expected to exhibit a CAGR of 22.6% during (2021 - 2027).
Based on Service, the market is segmented into Teleradiology, Cloud-based Imaging IT Services, Consulting Services, and Technology Management Services. Based on End User, the market is segmented into Hospitals, Diagnostic Imaging Centers, Radiology Clinics, Physician Offices, and Nursing Homes.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medica Group PLC, Virtual Radiologic (Radiology Partners, Inc.), Teleconsult Europe, Vesta Teleradiology, Teleradiology Solutions, Inc., ONRAD, Inc., Ambra Health, and RamSoft, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Service
- Teleradiology
- Cloud-based Imaging IT Services
- Consulting Services
- Technology Management Services
By End User
- Hospitals
- Diagnostic Imaging Centers
- Radiology Clinics
- Physician Offices
- Nursing Homes
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medica Group PLC
- Virtual Radiologic (Radiology Partners, Inc.)
- Teleconsult Europe
- Vesta Teleradiology
- Teleradiology Solutions, Inc.
- ONRAD, Inc.
- Ambra Health
- RamSoft, Inc.
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Table of Contents
Companies Mentioned
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medica Group PLC
- Virtual Radiologic (Radiology Partners, Inc.)
- Teleconsult Europe
- Vesta Teleradiology
- Teleradiology Solutions, Inc.
- ONRAD, Inc.
- Ambra Health
- RamSoft, Inc.
Methodology
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