Latin America Contrast Media Market Size & Outlook
Latin America contrast media market, 2018-2030 (US$M)
Related Markets
Latin America contrast media market highlights
- The Latin America contrast media market generated a revenue of USD 502.3 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Magnetic Resonance Imaging is the most lucrative modality segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 502.3 million |
| Market revenue in 2030 | USD 843.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Magnetic Resonance Imaging |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasound, Magnetic Resonance Imaging, X-ray/Computed Tomography |
| Key market players worldwide | Bayer AG, GE Aerospace, Guerbet, Bracco, Lantheus Holdings Inc, Imax Corp, Nano Therapeutics, Trivitron Healthcare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.0% of the global contrast media market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 773.2 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America contrast media market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contrast media market will help companies and investors design strategic landscapes.
X-ray/computed tomography was the largest segment with a revenue share of 68.54% in 2023. Horizon Databook has segmented the Latin America contrast media market based on ultrasound, magnetic resonance imaging, x-ray/computed tomography covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments in R&D and rapid technological advancements are anticipated to fuel market growth. Increasing government spending, growing investments by major market players, and the presence of major academic research institutes are factors likely to promote market growth.
Furthermore, increasing geriatric population and prevalence of chronic diseases due to changing lifestyle are key drivers contributing to the market growth.
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Target buyers of Latin America contrast media market databook
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Our clientele includes a mix of contrast media market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America contrast media market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America contrast media market size, by country, 2018-2030 (US$M)
Latin America Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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