Latin America Near Infrared Imaging Market Size & Outlook
Latin America near infrared imaging market, 2018-2030 (US$M)
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Latin America near infrared imaging market highlights
- The Latin America near infrared imaging market generated a revenue of USD 111.1 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 111.1 million |
| Market revenue in 2030 | USD 138.9 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global near infrared imaging market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 659.7 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America near infrared imaging 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 57.16% in 2023. Horizon Databook has segmented the Latin America near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is anticipated to grow at a significant rate over the forecast period. Presence of developing economies, such as Brazil and Mexico, is expected to primarily drive the overall Latin American market. Availability of advanced treatment options at low cost in Latin America is making the region more preferred for medical tourism.
In addition, governments of Latin American countries are consistently involved in improving healthcare infrastructure. Thus, such factors are expected to promote growth of near infrared imaging market over the forecast period.
For instance, according to WHO, in 2021, Brazil’s spending on health was estimated at 10% of the country’s GDP, 9.6% in Argentina, 5.3% in Mexico, and 9.1% in Chile in 2018. There are also several health agreements in place between U.S. medical centers and private hospitals in Brazil, Chile, and Argentina.
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America near infrared imaging market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America near infrared imaging market size, by country, 2018-2030 (US$M)
Latin America Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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