Mexican Society of Radiology and Mexican Federation of Radiology fuel Mexico’s digital radiology market growth
According to a report published by Transparency Market Research, the Mexican Society of Radiology and the Mexican Federation of Radiology fueled Mexico’s digital radiology market growth based on highly-qualified doctors. The rising research activities in Mexico, along with government support have further assisted the growth of the Mexico digital radiology market. The global radiology market had reported revenue of USD 9.7 billion in 2012 and is estimated to reach USD 13.3 billion at a CAGR of 5.4%. In recent years, Mexico has emerged as a medical tourism destination and it is projected that the healthcare services provided by the country are comparable to that in the U.S. The key factors driving the growth of the digital radiography market include precise and high-quality images, flexible image management, better interpretation of images and data, lesser exposure to radiation and improved patient outcomes and affordability. These factors led digital radiography to become more popular than computed radiography. However the factors such as high cost of initial installation and requirement of complete renovations before installation may restrict the market growth. Major global players exploiting Mexico’s digital radiology market include Canon, GE Healthcare, Afga HealthCare, Carestream Health, Siemens Healthcare and Swissray International.