Latin America Teleradiology Market Size & Outlook
Latin America teleradiology market, 2018-2030 (US$M)
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Latin America teleradiology market highlights
- The Latin America teleradiology market generated a revenue of USD 890.2 million in 2023.
- The market is expected to grow at a CAGR of 26.1% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating product in 2023.
- Computed Tomography is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 890.2 million |
| Market revenue in 2030 | USD 4,505.7 million |
| Growth rate | 26.1% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | Computed Tomography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computed Tomography, Ultrasound, X-ray, Nuclear Imaging, Magnetic Resonance Imaging |
| Key market players worldwide | Pediatrix Medical Group Inc, Agfa-Gevaert NV, Everlight Electronics, Evidian, Nano X Imaging Ltd Ordinary Shares, Koninklijke Philips NV, Matrix Pack |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global teleradiology 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 15,552.7 million by 2030.
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Teleradiology Market Scope
Teleradiology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America teleradiology 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 teleradiology market will help companies and investors design strategic landscapes.
X-ray was the largest segment with a revenue share of 27.11% in 2023. Horizon Databook has segmented the Latin America teleradiology market based on computed tomography, ultrasound, x-ray, nuclear imaging, magnetic resonance imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of large target population with high birth rate and increasing prevalence of chronic diseases such as cancer are contributing to the growth of teleradiology market growth in the region. Lack of skilled professionals for interpretation of medical images is expected to provide lucrative growth opportunities in this region.
Furthermore, increasing government spending, growing focus of multinational key players on this region, and rising patient awareness are expected to support the market growth.
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Target buyers of Latin America teleradiology market databook
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Our clientele includes a mix of teleradiology 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 teleradiology market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America teleradiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America teleradiology market size, by country, 2018-2030 (US$M)
Latin America Teleradiology Market Outlook Share, 2023 & 2030 (US$M)
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