LAMEA X-Ray Systems Market By Mobility (Stationary Systems and Mobile), By Modality (Radiography, Computed Radiography and Fluoroscopy), By End-use (Hospitals, Diagnostic Centers, and Mobile Imaging Centers), By Type (Analog and Digital), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Latin America, Middle East and Africa X-Ray Systems Market would witness market growth of 5.39% CAGR during the forecast period (2020-2026). The growth of the X-Ray Systems market is expected to grow due to the expansion in R&D initiatives in the healthcare industry, combined with a surge in the number of product approvals. Additionally, some of the major factors that fuel the market growth are the increasing demand for efficient diagnostic imaging techniques because of a rise in the rates of chronic diseases like arthritis, cancer, and appendicitis.
The accuracy of diagnostic is expected to be improved by enhancing the image quality in the early phases of several diseases. This can help in accelerating the diagnosis & treatment of various deadly diseases like cancer & numerous cardiovascular conditions. Due to this factor, the market is expected to witness high growth.
AI is anticipated to be used considerably in the management of patient information produced at the time of diagnosis, processing, and treatment. AI can be integrated into solutions to assist physicians to make better decisions on disease diagnosis and patient care. Using AI, it becomes easier to diagnose patients during the absence of doctors & enhance the capabilities of doctors to locate and gather important data for patient care.
Presently, several organizations are conducting R&D activities to offer AI in various imaging modalities, which include digital X-Ray Systems. For example, in March 2018, Google Cloud researchers recommend that complete processes in medicine like examining radiological images could be completely automated with the help of AI.
Based on Mobility, the market is segmented into Stationary Systems and Mobile. Based on Modality, the market is segmented into Radiography, Computed Radiography and Fluoroscopy. Based on End-use, the market is segmented into Hospitals, Diagnostic Centers, and Mobile Imaging Centers. Based on Type, the market is segmented into Analog and Digital. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Analog Market by Country in 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 7.9% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 6.4% during (2020 - 2026).
The Stationary Systems market dominated the South Africa X-Ray Systems Market by Mobility in 2019, thereby, achieving a market value of $71.3 million by 2026. The Mobile market is expected to witness a CAGR of 8.8% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Siemens AG, Hitachi, Ltd., Canon, Inc. (Canon Medical Systems Corporation), Fujifilm Holdings Corporation, Carestream Health, Inc., Shimadzu Corporation, Hologic, Inc., and Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Stationary Systems
- Computed Radiography
- Diagnostic Centers
- Mobile Imaging Centers
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Siemens AG
- Hitachi, Ltd.
- Canon, Inc. (Canon Medical Systems Corporation)
- Fujifilm Holdings Corporation
- Carestream Health, Inc.
- Shimadzu Corporation
- Hologic, Inc.
- Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.)
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