Latin America Optical Imaging Systems Market Size & Outlook
Latin America optical imaging systems market, 2018-2030 (US$M)
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Latin America optical imaging systems market highlights
- The Latin America optical imaging systems market generated a revenue of USD 163.6 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, optical coherence tomography was the largest revenue generating technology in 2023.
- Photoacoustic Tomography is the most lucrative technology 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 163.6 million |
| Market revenue in 2030 | USD 362.1 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Optical coherence tomography |
| Fastest growing segment | Photoacoustic Tomography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photoacoustic Tomography, Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy |
| Key market players worldwide | Abbott Laboratories, PerkinElmer, Carl Zeiss Meditec AG, Koninklijke Philips NV, Topcon Corp, Canon Inc, Danaher Corp, Optovue, Arsenal Capital Partners, Heidelberger Druckmaschinen AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.4% of the global optical imaging systems 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 1,498.9 million by 2030.
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Optical Imaging Systems Market Scope
Optical Imaging Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America optical imaging systems 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 optical imaging systems market will help companies and investors design strategic landscapes.
Optical coherence tomography was the largest segment with a revenue share of 62.29% in 2023. Horizon Databook has segmented the Latin America optical imaging systems market based on photoacoustic tomography, optical coherence tomography, hyperspectral imaging, near-infrared spectroscopy covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Latin America is expected to witness lucrative growth over the forecast period. Rising need for cost-effective, efficient, and noninvasive diagnostic techniques is anticipated to drive demand for optical imaging systems in this segment during the forecast period.
Moreover, approximately 80% of the share of import and sales of medical equipment is accounted for by Brazil, Mexico, Colombia, and Argentina. As a result, countries in this region have made significant efforts to improve their healthcare systems, which can provide future opportunities to manufacturers, and distributors, thereby boosting market growth over the forecast period.
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Our clientele includes a mix of optical imaging systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America optical imaging systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America optical imaging systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America optical imaging systems market size, by country, 2018-2030 (US$M)
Latin America Optical Imaging Systems Market Outlook Share, 2023 & 2030 (US$M)
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