Promo - Latin America Ultrasound Devices Market

Introduction of advanced infrastructure to promote the growth of Latin America Ultrasound
Devices Market
Ultrasound is a medical imaging modality that uses high-frequency sound waves to see the
inner organs of the body. The ultrasound has wide applications in examining pregnant ladies
known as obstetric ultrasound that helps monitor the growth and well-being of the baby within
the womb. The ultrasound waves are audio waves with frequencies beyond the perceptible
range of humans.
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The Latin America Ultrasound devices market has been valued at USD 0.58 Billion in 2016 and is
projected to achieve USD 0.8 Billion by 2021, at a CAGR of 6.93%. Increasing range of
healthcare providers and reduction in the size of ultrasound devices act as chief promoters for
the market growth in the region.
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A huge number of provincial and international firms are trying to explore long-haul contracts or
deals with their customers with a motive to cement a robust position within the market.
Ultrasound devices can also be applied in sonography, which can aid in both diagnosing and
therapeutic procedures, and is one reason for the high projected growth of the market in the
region.
Rise in demand for high-quality diagnostic and therapeutic imaging capabilities, also the rising
awareness regarding radiation dose issues with different ultrasound imaging modalities have
driven the expansion of this market. Factors, like rise in private and public investments and
grants and funds for the development of a lot of advanced ultrasound devices also creates
awareness regarding the benefits offered by these devices, thereby additionally boosting the
revenue of the market in this region.
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Latin America market for Ultrasound devices is divided into Brazil, Argentina and Mexico on a
geographical basis. Increased incidences of chronic diseases is another key factor that is
propelling the growth of the market in the region.
The major market contributors for the Latin America Ultrasound devices market are Medtronic,
Inc., Cardiofocus, Biosense Webster, Inc., Cardima, Inc., Boston Scientific Corporation, Biotronik
SE & Co, St. Jude Medical, Inc., Articure, Inc., and nContact, Inc.
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Latin America Ultrasound Devices Market by Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), by Device Display (Color Ultrasound Devices and Black, White Ultrasound Devices)