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(Medical-NewsWire.com, June 21, 2017 ) The Latin America C-Arms Market was worth $0.23 billion in 2016 and estimated to be growing at a CAGR of 3.15%, to reach $0.27 billion by 2021. C-Arm is a medical imaging machine that is based on X-ray technology and can be used adaptably. The name is originated from the C-shaped arm that is used to attach the X-ray source and X-ray detector to one another.
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It is a device that has radiographic abilities and is utilized in imaging for several applications such as acute care, surgical, orthopaedic, and emergency care processes. It generates real-time images for intraoperative applications, allowing doctors to view a patient’s structure, thereby making procedures less intrusive and more efficient.
The growth of the Latin America C-Arms Market is mainly driven by factors such as technological development in healthcare sector, growing aging populace, increasing frequency of osteoporosis disease, and improving healthcare infrastructure in this region. However, factors such as dearth of skilled professional, rising cost concerns, and absence of standardization and synchronization of policies are deterring the growth of the market in this region.
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The Latin America C-Arms market is segmented based on Device type and Application. The market for C-Arms, on the basis of Device type is segmented into Fixed C-Arms and Mobile C-Arms. Mobile C-Arms are further segmented into Mini C-Arms and Full-Size C-Arms. The full-size C-arms segment leads the market on the basis of type of device and is also projected to witness a higher growth rate among the two during the forecast period. On the basis of Application, the C-Arms market is segmented into Cardiovascular, Neurology, Urology, Orthopaedic, Pain Management and Trauma, Gastrointestinal, and General Surgery. The Cardiovascular segment leads the C-Arms market on the basis of application, followed by orthopaedic and neurology.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and Rest of Latin America. The huge rise in spending in the healthcare division has increased the demand for C-Arms. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the C-Arms market.
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The market is highly consolidated due to the high prices of equipment and a huge amount of capital is required for the entry of a new company into the market. This has led to a formidable competition among prominent market players. The major companies dominating the C-Arms market in this region are GE Healthcare Inc., Varian Medical Systems Inc., Philips Healthcare, Siemens AG, Toshiba Corp., Hologic corp., Omega Medical Imaging Inc., BMI Biomedical International, Hitachi Ltd., DMS Health Technologies, ATON GmbH, Medonica Co Ltd., Gemss Co Ltd., and Shimadzu Corp.
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