LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

Lifesciences | Medical Devices & Consumables

LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

Market by Architecture, Field Type, Application, and Country | Forecast 2021-2028

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Triton Market Research’s report infers that the magnetic resonance imaging (MRI) market in Latin America is anticipated to observe growth at a compound annual growth rate of 4.70% through the forecasted phase 2021-2028.


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The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

In recent years, several countries in the region have improved technologies used in the healthcare sector. Moreover, economic recovery has led to a steady increase in healthcare spending. Along with this, the dependence on imports has created an attractive business platform for industrialized countries. In the region, Brazil is the largest medical sector, followed by Mexico and Colombia. Further, Siemens Healthineers became the leading magnetic resonance imaging brand in the region, gaining a substantial market share in 2020. Therefore, all these developments boost the MRI market’s growth across the region.

In Brazil, companies like Resonandina are supplementing the growth of the studied market. It offers turnkey rental services relating to high-end technology to hospitals, diagnostic centers, and radiologists, among others. Moreover, the company collaborated with Kenko to install hyper modern mobile MRI in a trailer. Additionally, recently, DASA partnered with doctors to develop an automated system to categorize brain MRI scans as normal or abnormal. Therefore, all these steps undertaken by companies hold the potential to propel the magnetic resonance imaging market on a growth path in the next few years.

Canon Medical Corp, formerly known as Toshiba Medical Corp, provides medical diagnostics. Its product portfolio includes computed tomography, magnetic resonance imaging, ultrasound, clinical laboratory, and nuclear medicine, among others. Besides, the company offers its products through subsidiaries and a network of distributors across the globe. It develops medical imaging products in collaboration with medical and research institutes. Canon Medical has operations across multiple countries, including Latin American countries.  

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Table of Content

1. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON MAGNETIC RESONANCE IMAGING (MRI) MARKET

2.2. KEY INSIGHTS

2.2.1. RISING NEED FOR MRI FROM EMERGING ECONOMIES

2.2.2. BASIC MRI TECHNIQUES GAINING POPULARITY

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.6.1. PRICE

2.6.2. SCANNING CAPABILITIES

2.6.3. PATIENT COMFORT

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. CONTRACTS & PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS & DIVESTITURES

2.8. MARKET DRIVERS

2.8.1. GROWTH IN TECHNOLOGY ADVANCEMENTS

2.8.2. GROWING CHRONIC DISEASES

2.9. MARKET CHALLENGES

2.9.1. DECLINING SOURCES FOR HELIUM GAS

2.9.2. UPWARD TREND IN COSTS OF MRI SYSTEMS

2.9.3. STRINGENT REGULATIONS

2.10. MARKET OPPORTUNITIES

2.10.1. MRI USE FOR BREAST CANCER EVALUATION

2.10.2. GROWING ACCIDENTS AND INJURIES

2.10.3. GROWTH IN MINIMALLY INVASIVE PROCEDURES WITH MRI

3. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY ARCHITECTURE

3.1. CLOSED MRI SYSTEMS

3.2. OPEN MRI SYSTEMS

4. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY FIELD TYPE

4.1. HIGH FIELD

4.1.1. 3T MRI

4.1.2. 7T MRI

4.2. MID FIELD

4.3. LOW FIELD

5. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY APPLICATION

5.1. NEUROLOGY

5.2. MUSCULOSKELETAL

5.3. ONCOLOGY

5.4. CARDIOLOGY

5.5. GASTROENTEROLOGY

5.6. OTHER APPLICATIONS

6. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET – REGIONAL OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

7. COMPETITIVE LANDSCAPE

7.1. ANALOGIC CORPORATION

7.2. AURORA IMAGING TECHNOLOGY INC

7.3. CANON MEDICAL CORP

7.4. CARESTREAM HEALTH INC

7.5. ESAOTE SPA

7.6. FONAR CORPORATION

7.7. FUJIFILM HOLDINGS CORPORATION

7.8. GE HEALTHCARE

7.9. HOLOGIC INC

7.10. KONICA MINOLTA

7.11. MEDTRONIC PLC

7.12. MINDRAY MEDICAL INTERNATIONAL LIMITED

7.13. PHILIPS HEALTHCARE

7.14. SIEMENS HEALTHINEERS

7.15. SHIMADZU CORP

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE, 2021-2028 (IN $ MILLION)  

TABLE 4: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY FIELD TYPE, 2021-2028 (IN $ MILLION)           

TABLE 5: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2021-2028 (IN $ MILLION)          

TABLE 6: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)       

TABLE 7: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: TOP 10 COUNTRIES WITH MOST ROAD TRAFFIC ACCIDENTS IN 2018 (DEATH RATE PER 10,000) 

FIGURE 4: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE, 2020 & 2028 (IN %)  

FIGURE 5: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY CLOSED MRI SYSTEMS, 2021-2028 (IN $ MILLION)      

FIGURE 6: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY OPEN MRI SYSTEMS, 2021-2028 (IN $ MILLION)   

FIGURE 7: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS, BY FIELD TYPE, 2020 & 2028 (IN %)

FIGURE 8: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 9: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2020 & 2028 (IN %)          

FIGURE 10: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY 3T MRI, 2021-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY 7T MRI, 2021-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY MID FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 13: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY LOW FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 14: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY APPLICATION, 2020 & 2028 (IN %)       

FIGURE 15: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY NEUROLOGY, 2021-2028 (IN $ MILLION)        

FIGURE 16: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY MUSCULOSKELETAL, 2021-2028 (IN $ MILLION)      

FIGURE 17: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ONCOLOGY, 2021-2028 (IN $ MILLION)           

FIGURE 18: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY CARDIOLOGY, 2021-2028 (IN $ MILLION)       

FIGURE 19: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY GASTROENTEROLOGY, 2021-2028 (IN $ MILLION) 

FIGURE 20: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)     

FIGURE 21: LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

FIGURE 22: BRAZIL MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 23: MEXICO MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 24: REST OF LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)

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