South America Ultrasound Devices Market By Type (Stationary Ultrasound Devices, Portable Ultrasound Devices), Technology (2D Ultrasound Imaging, Doppler Imaging), Application (Cardiology, Urology), End-User (Diagnostic Centers, Home Care Settings), & Region for 2024-2031
Report ID: 472454|No. of Pages: 202
South America Ultrasound Devices Market By Type (Stationary Ultrasound Devices, Portable Ultrasound Devices), Technology (2D Ultrasound Imaging, Doppler Imaging), Application (Cardiology, Urology), End-User (Diagnostic Centers, Home Care Settings), & Region for 2024-2031
South America Ultrasound Devices Market Valuation – 2024-2031
The increasing prevalence of chronic diseases like diabetes, hypertension, and obesity is driving the demand for early diagnosis and monitoring, which can be effectively achieved through ultrasound imaging. Continuous advancements in ultrasound technology, such as 3D and 4D imaging, are enhancing diagnostic capabilities and improving patient care, surpassing USD 715.0 Million valued in 2024 to reach a valuation of around USD 1210.25 Million by 2031.
In addition to this, increasing government and private spending on healthcare infrastructure and equipment is driving the adoption of advanced medical technologies, including ultrasound devices. The establishment of new diagnostic centers and hospitals is creating a growing demand for advanced medical imaging equipment, including ultrasound devices, thus enabling the niche market to grow at a CAGR of 6.8% from 2024 to 2031.
South America Ultrasound Devices Market: Definition/ Overview
Ultrasound devices are medical imaging systems that use high-frequency sound waves to produce images of internal body structures. These devices typically consist of a transducer, which emits and receives sound waves, and a computer system that converts these waves into real-time images. Ultrasound technology is widely used in diagnostic and therapeutic applications, leveraging its non-invasive nature and lack of ionizing radiation.
The primary applications of ultrasound devices span diagnostic imaging, interventional procedures, and treatments. They are extensively used in obstetrics, cardiology, and radiology for imaging organs, tissues, and vascular systems. In addition to this, they aid in real-time guidance during biopsies and surgeries, enhancing precision. Portable ultrasound devices have further expanded their utility to point-of-care settings, such as emergency medicine and remote healthcare.
The future of ultrasound devices is poised for significant advancements driven by artificial intelligence (AI) and miniaturization. AI-powered imaging solutions are expected to enable automated diagnostics and improve image accuracy. Moreover, wearable ultrasound devices and wireless transducers are emerging innovations set to revolutionize remote monitoring and telemedicine.
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How is the Rising Chronic Diseases Fueling the Development of the South America Ultrasound Devices Market?
The rising prevalence of chronic diseases across South America has become a significant driver for the ultrasound devices market, with Brazil leading the regional demand for diagnostic imaging. According to Brazil’s Ministry of Health (DATASUS) 2023 report, a 32% increase in ultrasound procedures performed in public healthcare facilities compared to 2022, particularly for cardiovascular and oncological diagnoses.
The expanding geriatric population and increasing healthcare expenditure are also propelling the market growth, particularly in countries like Argentina and Chile. Chile’s National Statistics Institute published data in December 2023 showing that approximately 18% of the population is now over 60 years old, driving the demand for diagnostic imaging services. For instance, in February 2024, Philips Healthcare responded to this demographic shift by introducing its latest Lumify portable ultrasound system across major South American markets, emphasizing accessibility and mobility in healthcare delivery.
In addition to this, technological advancements and the integration of artificial intelligence in ultrasound devices are also revolutionizing diagnostic capabilities across the healthcare sector of South America. National Health Surveillance Agency (ANVISA) of Brazil reported in October 2023 that approvals for AI-enabled ultrasound devices increased by 45% compared to the previous year. For instance, in March 2024, Samsung Medison unveiled its new HERA I10 AI-powered ultrasound system at the Brazilian Congress of Radiology, featuring advanced AI algorithms for improved diagnostic accuracy and workflow efficiency.
How are the Healthcare Infrastructure Disparities Disrupting the South America Ultrasound Devices Market Growth?
The South America ultrasound devices market is facing significant obstacles in healthcare infrastructure disparities, particularly in remote and rural regions where access to advanced diagnostic equipment remains limited. According to Brazil’s Ministry of Health data from December 2023, approximately 35% of healthcare facilities in rural areas lack adequate ultrasound equipment. This challenge was highlighted when GE Healthcare announced in February 2024 their initiative to deploy portable ultrasound units in underserved Brazilian communities.
High equipment acquisition and maintenance costs is also posing a substantial barrier to market growth, affecting both public and private healthcare providers across South America. The Argentine Healthcare Federation reported in October 2023 that medical device import costs increased by 45% compared to the previous year, significantly impacting healthcare facilities’ ability to purchase new ultrasound equipment.
In addition to this, limited technical expertise and training opportunities for healthcare professionals continuing to hinder the optimal utilization of ultrasound devices in the region. The Colombian Association of Radiology revealed in November 2023 that there is a 40% shortage of qualified ultrasound technicians in their public healthcare system. In response to this, in March 2024, Samsung Medison announced a comprehensive training program in partnership with local medical institutions to bridge this skills gap.
Category-Wise Acumens
What are the Features Bolstering the Demand for the Portable Ultrasound Devices Segment?
The portable ultrasound devices segment is dominating the ultrasound devices market in South America, driven by increasing demand for point-of-care diagnostics and healthcare accessibility in remote regions. According to Brazil’s National Health Surveillance Agency (ANVISA), there was a 35% increase in the registration of portable ultrasound devices in 2023 compared to 2022, demonstrating the segment’s remarkable growth.
The market expansion is further fueled by the rising adoption of handheld devices in primary healthcare settings and emergency medicine applications. The Brazilian Ministry of Health’s 2023 annual healthcare report indicated that portable ultrasound devices were deployed in 62% of their rural healthcare facilities, marking a significant improvement in diagnostic capabilities across remote areas.
What Factors are Responsible for Projecting the Market Growth of the 2D Ultrasound Imaging Segment?
The 2D ultrasound imaging segment is dominating the South America ultrasound devices market primarily driven by its widespread accessibility and cost-effectiveness in both urban and rural healthcare settings. According to Brazil’s Ministry of Health data from March 2024, approximately 68% of all diagnostic imaging procedures in public hospitals utilizes 2D ultrasound technology, highlighting its crucial role in primary healthcare delivery.
This dominance is further reinforced by strategic moves from key market players. For instance, in September 2023, GE Healthcare announced about expansion of its 2D ultrasound device manufacturing facility in São Paulo, Brazil, to meet the growing regional demand. The segment’s success is also attributed to its ease of use, reduced training requirements for healthcare professionals, and the significant price advantage compared to 3D/4D systems, making it an ideal choice for resource-constrained healthcare facilities across South America.
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Country/Region-wise Acumens
How is Brazil’s Robust Ultrasound Device Adoption Fueling the Ultrasound Devices Requirements in the South America Region?
Brazil is dominating the South America ultrasound devices market, due to its large healthcare infrastructure and increasing demand for diagnostic imaging. In 2023, Brazil accounted for approximately 45% of the region’s ultrasound market share, driven by advancements in medical technology and rising awareness of early detection of diseases. The country’s Ministry of Health recently highlighted a 5% increase in the use of medical imaging technologies in 2023, signaling a growing adoption of ultrasound devices across both public and private healthcare sectors.
Brazil’s dominance is also fueled by ongoing public and private sector initiatives aimed at improving healthcare accessibility. In 2023, the Brazilian government allocated over R$ 3 billion to improve diagnostic services, which includes the expansion of ultrasound capabilities in hospitals and clinics. This initiative aligns with the 2022 decision by the Ministry of Health to increase funding for medical equipment in underserved areas.
How is the Growing Demand for Advanced Imaging Devices in Colombia Favoring the Market Development in the South America Region?
The Colombian ultrasound devices market is experiencing rapid growth, with the Ministry of Health and Social Protection reporting a 12.3% increase in ultrasound equipment installations across public healthcare facilities in December 2023. This growth has been particularly evident in major cities like Bogotá and Medellín, where leading market player Philips Healthcare announced in March 2024, the deployment of 50 new advanced ultrasound systems across various hospitals to improve maternal healthcare services.
For instance, in February 2024, GE Healthcare has played a significant role in this expansion, having invested 15 million USD to establish a regional training center in Cali for ultrasound technology. According to the Colombian Association of Medical Technology (ACOTEC), the national ultrasound device density reached 18.5 units per 100,000 population by January 2024, reflecting the country’s commitment to enhancing diagnostic capabilities across both urban and rural healthcare settings.
Competitive Landscape
The South America ultrasound devices market is a dynamic and competitive landscape, with a mix of established players and emerging challengers vying for market share. These players are actively working to strengthen their presence by implementing strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are dedicated to continuously improving their product line to meet the needs of a wide range of customers in different regions.
Some of the key players operating in the South America ultrasound devices market include:
- Canon Medical Systems Corporation
- Abbott Laboratories
- GE Healthcare
- FUJIFILM Corporation
- Hologic, Inc.
- Koninklijke Philips NV
- Siemens Healthineers AG
- Konica Minolta, Inc.
- ESAOTE SPA
- BOWA-electronic GmbH & Co. KG (BOWA Medical)
Latest Developments
- In July 2022, Maternova Inc. partnered with BirthTech Lda to distribute their Preemie Test. Maternova will have exclusive distribution rights in Africa, Asia (excluding India), and Latin America (excluding Brazil). They will also have non-exclusive rights in Brazil, India, the United States, and Europe.
- In July 2021, Uniview Products initiated a proactive monitoring program to ensure the optimal performance and reliability of Canon Medical System Brazil’s imaging devices. This measure aims to prevent the potential operational issues and maintain the highest standards of medical imaging.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~6.8% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Canon Medical Systems Corporation, Abbott Laboratories, GE Healthcare, FUJIFILM Corporation, Hologic, Inc., and Koninklijke Philips NV, among others. |
| Customization | Report customization along with purchase available upon request |
South America Ultrasound Devices Market, By Category
Type:
- Stationary Ultrasound Devices
- Portable Ultrasound Devices
Technology:
- 2D Ultrasound Imaging
- 3D and 4D Ultrasound Imaging
- Doppler Imaging
- High-Intensity Focused Ultrasound (HIFU)
- Others
Application:
- Anaesthesiology
- Cardiology
- Gynecology/Obstetrics
- Musculoskeletal
- Radiology
- Critical Care
- Others
End-User:
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Research & Academia
- Home Care Settings
- Others
Region:
- South America
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Data Collection Matrix
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Industry Analysis Matrix
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