South America Clinical Trial Imaging Market Forecast to 2028 -Regional Analysis - by Modality, Offering (Operational Imaging Services, Imaging Software, Read Analysis Services, Trial Design and Consulting Services, and Others), and End User

List of Tables

The South America clinical trial imaging market is expected to grow from US$ 89.63 million in 2023 to US$ 123.52 million by 2028; it is estimated to register a CAGR of 6.6% from 2023 to 2028.

Spur in Number of CROs Offering Medical Imaging Services Fuels South America Clinical Trial Imaging Market

Clinical research organizations (CROs) assist in the successful implementation of clinical trials through the services offered using high-quality facilities and deep subject matter expertise. CROs have begun acting as a backbone of the clinical trial industry through their efficient and cost-effective operations that benefit trial sponsors. For example, on an average, CROs take 30% lesser time than in-house activity to conduct and complete clinical trials. With the rising number of CROs leading to high competition, some of these businesses offer specialized imaging services, thus emerging as imaging CROs (iCROs). Keosys Medical Imaging and Medica Group PLC are the iCROs examples. The CROs offer key knowledge insights in areas such as site qualification for imaging, acquisition of standardized images, and determination of read designs and criteria, thereby contributing to the growth of the overall South America clinical trial imaging market.

South America Clinical Trial Imaging Market Overview

The South America clinical trial imaging market is segmented into Argentina, Brazil, and the Rest of South America. Brazil held the largest share in 2022, and it is expected to register a CAGR of 7.2% during the forecast period. A rise in clinical trials, key innovation by market players, and government initiatives to support clinical trial imaging are a few factors fueling the market growth. Brazil is a major destination for clinical trials. According to Clinical Trials Arena, in 2021, Brazil accounted for 1.7% share of the global clinical trials activity. In July 2022, Boston CRO acquired Rio de Janeiro-based Instituto Brasil de Pesquisa Clinica (IBPClin), the largest research center in the region, describing it as the first step towards Latin America's adoption of its decentralized clinical trial delivery model. It claims to have conducted more than 160 industry-sponsored research studies, enrolling more than 7,000 participants across 12 Brazilian states.

South America Clinical Trial Imaging Market Revenue and Forecast to 2028 (US$ Million)

South America Clinical Trial Imaging Market Segmentation

The South America clinical trial imaging market is segmented on the basis of modality, offering, end user, and country. Based on modality, the South America clinical trial imaging market is segmented into tomography, magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), X-ray, echocardiography, and others. The tomography segment registered the largest market share in 2023.

Based on offering, the South America clinical trial imaging market is segmented into operational imaging services, imaging software, read analysis services, trial design and consulting services, and others. The operational imaging services segment held the largest market share in 2023.

Based on end user, the South America clinical trial imaging market is segmented into contract research organizations (CROs), pharmaceutical and biotechnology companies, academic and research institutes, and others. The contract research organizations (CROs) segment held the largest market share in 2023.

Based on country, the market is segmented into Argentina, Brazil, and the Rest of South America. Brazil dominated the market share in 2023.

eResearch Technology Inc, ICON PLC, IXICO plc, Medical Metrics Inc, VIDA Diagnostics Inc, and WCG Clinical Inc are the leading companies operating in the South America clinical trial imaging market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America clinical trial imaging market.
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The key findings and recommendations highlight crucial progressive industry trends in the South America clinical trial imaging market, thereby allowing players across the value chain to develop effective long-term strategies
develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South America market trends and outlook coupled with the factors driving the clinical trial imaging market, as well as those hindering it
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Product Code: BMIRE00028658

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 South America Market Segmentation
- 1.3.1 South America Clinical Trial Imaging Market - by Modality
- 1.3.2 South America Clinical Trial Imaging Market - by Offering
- 1.3.3 South America Clinical Trial Imaging Market - by End User
- 1.3.4 South America Clinical Trial Imaging Market - by Country

2. South America Clinical Trial Imaging Market - Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South America Clinical Trial Imaging Market - Market Landscape

4.1 Overview
- 4.1.1 South America PEST Analysis
4.2 Expert Opinion

5. South America Clinical Trial Imaging Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Accelerated Clinical Trial Activities in Pharmaceutical and Biotechnology Industry
- 5.1.2 Spur in Number of CROs Offering Medical Imaging Services
5.2 Market Restraints
- 5.2.1 High Investment and Standardized Infrastructure Requirements
5.3 Market Opportunities
- 5.3.1 In-Silico Imaging Clinical Trials
5.4 Future Trends
- 5.4.1 AI-Driven Clinical Trials
5.5 Impact Analysis

6. South America Clinical Trial Imaging Market

6.1 South America Clinical Trial Imaging Market Revenue Forecast and Analysis

7. South America Clinical Trial Imaging Market Revenue and Forecast To 2028 - by Modality

7.1 Overview
7.2 South America Clinical Trial Imaging Market Revenue Share, by Modality (2022 and 2028)
7.3 Tomography
- 7.3.1 Overview
- 7.3.2 Tomography: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Ultrasound
- 7.4.1 Overview
- 7.4.2 Ultrasound: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Positron Emission Tomography
- 7.5.1 Overview
- 7.5.2 PET: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.6 X-Ray
- 7.6.1 Overview
- 7.6.2 X-Ray: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Echocardiography
- 7.7.1 Overview
- 7.7.2 Echocardiography: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Magnetic Resonance Imaging
- 7.8.1 Overview
- 7.8.2 Magnetic Resonance Imaging: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
7.9 Others
- 7.9.1 Overview
- 7.9.2 Others: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)

8. South America Clinical Trial Imaging Market Revenue and Forecast To 2028 - Offering

8.1 Overview
8.2 South America Clinical Trial Imaging Market Revenue Share, by Offering (2022 and 2028)
8.3 Trial Design Consulting Services
- 8.3.1 Overview
- 8.3.2 Trial Design Consulting Services: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Read Analysis Services
- 8.4.1 Overview
- 8.4.2 Read Analysis Services: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Operational Imaging Services
- 8.5.1 Overview
- 8.5.2 Operational Imaging Services: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Imaging Software
- 8.6.1 Overview
- 8.6.2 Imaging Software: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)

9. South America Clinical Trial Imaging Market Revenue and Forecasts To 2028- by End User

9.1 Overview
9.2 Pharmaceutical and Biopharmaceutical Companies
- 9.2.1 Overview
- 9.2.2 Pharmaceutical and Biopharmaceutical Companies: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
9.3 Contract Research Organizations
- 9.3.1 Overview
- 9.3.2 Contract Research Organizations: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Academic and Research Institutes
- 9.4.1 Overview
- 9.4.2 Academic and Research Institutes: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)

10. South America Clinical Trial Imaging Market - Revenue and Forecast to 2028 - Country Analysis

10.1 Overview
- 10.1.1 South America: Clinical Trial Imaging Market, by Country, 2022 & 2028 (%)
  - 10.1.1.1 Brazil: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
  - 10.1.1.2 Overview
    - 10.1.1.2.1 Brazil: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.2 Brazil: Clinical Trial Imaging Market, by Modality, 2020-2028 (US$ Million)
    - 10.1.1.2.3 Brazil: Clinical Trial Imaging Market, by Offering, 2020-2028 (US$ Million)
    - 10.1.1.2.4 Brazil: Clinical Trial Imaging Market, by End User, 2020-2028 (US$ Million)
  - 10.1.1.3 Argentina: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 Argentina: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.2 Argentina: Clinical Trial Imaging Market, by Modality, 2020-2028 (US$ Million)
    - 10.1.1.3.3 Argentina: Clinical Trial Imaging Market, by Offering, 2020-2028 (US$ Million)
    - 10.1.1.3.4 Argentina: Clinical Trial Imaging Market, by End User, 2020-2028 (US$ Million)
  - 10.1.1.4 Rest of South America: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 Rest of South America: Clinical Trial Imaging Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.2 Rest of South America: Clinical Trial Imaging Market, by Modality, 2020-2028 (US$ Million)
    - 10.1.1.4.3 Rest of South America: Clinical Trial Imaging Market, by Offering, 2020-2028 (US$ Million)
    - 10.1.1.4.4 Rest of South America: Clinical Trial Imaging Market, by End User, 2020-2028 (US$ Million)

11. South America Clinical Trial Imaging Market - Industry Landscape

11.1 Overview
11.2 Inorganic Growth Strategies
- 11.2.1 Overview
11.3 Organic Growth Strategies
- 11.3.1 Overview

12. Company Profiles

12.1 eResearch Technology Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 ICON PLC
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 VIDA Diagnostics Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 WCG Clinical Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Medical Metrics Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 IXICO plc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms