Market Size of South America C-Arms Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2023 - 2028 |
Market Size (2023) | USD 102.76 Million |
Market Size (2028) | USD 133.29 Million |
CAGR (2023 - 2028) | 5.34 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America C-Arms Market Analysis
The South America C-Arms Market size is estimated at USD 102.76 million in 2023, and is expected to reach USD 133.29 million by 2028, growing at a CAGR of 5.34% during the forecast period (2023-2028).
The major factors driving the growth of the market include rising geriatric population and increasing incidence of chronic diseases and advancements in maneuverability and imaging capabilities.
C-arms are being increasingly used by healthcare professionals to provide live image guidance in trauma, orthopedic and vascular procedures. The devices provide high-resolution X-ray images in real-time, which helps physicians to monitor progress at any point during the operation and immediately make necessary corrections.
According to the Alzheimer Disease International, in 2016, approximately 500,000 people lived with dementia in Argentina, and this number was projected to increase to 1.2 million by 2050. In addition, as per the estimates World Heart Federation (2017), non-communicable diseases (NCDs), including CVDs, are estimated to account for nearly three quarters (74%) of total adult deaths in Brazil and this is expected to rise in the forecast period, which ultimately rises use of these devices which shows positive impact on the market.
Thus, owing to above mentioned factors, along with the increasing demand for healthcare infrastructure in South America region, are driving the market.