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The Latin American Digital Radiography Market to Grow Significantly due to the Need to Improve Digital Adoption, Observes Frost & Sullivan
Date:6/16/2009

BUENOS AIRES, Argentina, June 16 /PRNewswire/ -- Most hospitals in Latin America reveal that there is a need for larger rooms in the radiology departments - a reason to consider the process of digitalization. As the radiologists are not very IT savvy, there arises a need to focus on awareness as a means to improve digital adoption, opening up significant growth opportunities for digital radiography (DR).

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New analysis from Frost & Sullivan (http://www.medicalimaging.frost.com), Technology Trends and Business Opportunities in the Latin American X-Ray Market, finds that the market earned revenues of over $62.6 million in 2007 and estimates this to reach $97.5 million in 2012 due to the digital boom and increasing awareness.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Catalina Rossini, Corporate Communications, at catalina.rossini@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

"The X-ray market is expected to witness substantial growth in the near future and with the enhancement of both professional and patient awareness, digital penetration is likely to increase," say Frost & Sullivan Research Analysts Luisa Woge and Belen Gallo. "Moreover, the introduction of computed-based radiography is expected to increase revenues in the short and medium terms."

DR is in the early development stage with considerable growth prospects. Imaging companies have been investing heavily on developing their local solutions to take advantage of the market potential.

"However, the majority of the installed base continues to be analog film-based equipment (AR) even though digital solutions accounts for a significant proportion of revenues," explains Woge. "Financial restraints imposed by expensive DR challenge hospitals' capabilities to adopt such solutions in the short term."

In the competitive x-ray market, showing investment pay-back in combination with increased productivity is one of the best ways to distinguish the participants' products.

"The market participants should prove the workflow superiority of digital solutions and advantages of adopting such equipments to succeed in the Latin American DR market," concludes Gallo.

Technology Trends and Business Opportunities in the Latin American X-Ray Market is part of the Medical Imaging Growth Partnership Services program, which also includes research in the following markets: Global Medical Imaging, APAC Medical Imaging, North American CT Imaging Market and Strategic Analysis of Optical Imaging Technologies in U.S. Clinical Diagnostics and Drug Discovery Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Technology Trends and Business Opportunities in the Latin American X-Ray Market

N4A6

    Contact:
    Catalina Rossini
    Corporate Communications - Latin America
    P: + 54-11-4777-4777
    F: + 54-11-4777-0071
    E: catalina.rossini@frost.com

http://www.frost.com


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SOURCE Frost & Sullivan
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