Latin America: Emerging & high growth market for X-ray devices
According to a report published by SA-BRC, the global medical X-ray devices market will grow at a CAGR of 4.4% from 2015 to 2019 and will reach USD 10,334.8 million by 2019. Brazil, India, China, Eastern Europe, the Middle East and other Latin American countries will offer better opportunities for the X-ray devices market to grow in the near future due to increasing healthcare services, infrastructure and large investments. Brazil is witnessing a rise in sales of medical equipment since its private healthcare sector is growing fast. Among the factors responsible for an enhancement in the demand for X-ray devices include a worldwide rise in the number of patients living with chronic cardiovascular diseases, diabetes, dental disorders, trauma accidents, cancer and the convenience of non-invasive diagnostic screening. North America is a leading global X-ray devices market with the highest market share of 31.8% followed by Asia Pacific. Major medical device players are focused on specific regions. GE is focusing on Brazil while Siemens and Shimadzu have zeroed in on the Middle East and Africa.
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