MARKET OUTLOOK
The cardiovascular ultrasound system market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 3.83% during the forecast years 2019-2027, according to a report by Triton Market Research.
Brazil, Mexico and Argentina are countries studied in the Latin America cardiovascular ultrasound systems market.
The rise of the Brazil cardiovascular ultrasound system market is attributed to various ongoing research activities in cardiovascular research and the increase in healthcare expenditure. According to the Brazilian Society of Cardiology, in 2016, continuous involvement in scientific-technological improvement in cardiovascular researches by indicating the inherent risks for their prevention and treatment is positively influencing the growth of the cardiovascular ultrasound system market in the country. In addition to this, the rise in medical expenditure is expected to fuel the demand for cardiovascular ultrasound systems. In 2016, imports of medical products and devices accounted for about $4.6 billion. Thus, the rising demand for medical equipment is aiding towards the growth of the cardiovascular ultrasound system market in Brazil in the forecasted period.
COMPETITIVE OUTLOOK
Some of the established giants in the cardiovascular ultrasound system market are Unetixs Vascular, Inc. (acquired by Opto Circuits), Esaote S.p.A., GE Healthcare, Inc., Toshiba Medical Systems Corporation (acquired by Canon, Inc.), CHISON Medical Imaging Co., Ltd., Philips Healthcare and Stryker Corporation.