• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    South America Radiology Services Market

    ID: MRFR/HC/48986-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    South America Radiology Services Market Research Report By Imaging Technique (X-ray, Ultrasound, Computed Tomography, Magnetic Resonance Imaging, Nuclear Medicine), By Service Type (Diagnostic Imaging, Interventional Radiology, Radiation Oncology), By End User (Hospitals, Diagnostic Imaging Centers, Outpatient Clinics, Research Institutions), By Application (Oncology, Cardiology, Neurology, Orthopedics) and By Regional (Brazil, Mexico, Argentina, Rest of South America)- Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    South America Radiology Services Market Research Report - Forecast to 2035 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    South America Radiology Services Market Summary

    The South America Radiology Services market is projected to grow from 12.5 USD billion in 2024 to 22.3 USD billion by 2035.

    Key Market Trends & Highlights

    South America Radiology Services Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 5.4 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 22.3 USD billion, indicating robust growth potential.
    • In 2024, the market is valued at 12.5 USD billion, reflecting a solid foundation for future expansion.
    • Growing adoption of advanced imaging technologies due to increasing healthcare investments is a major market driver.

    Market Size & Forecast

    2024 Market Size 12.5 (USD Billion)
    2035 Market Size 22.3 (USD Billion)
    CAGR (2025 - 2035) 5.4%

    Major Players

    Petrobras (BR), Vale (BR), Itaú Unibanco (BR), Banco do Brasil (BR), Ambev (BR), Grupo Bimbo (BR), Cemex (MX), ArcelorMittal (BR), Telefónica (ES), Coca-Cola (US)

    South America Radiology Services Market Trends

    Improvements in medical imaging technologies and rising demand for diagnostic services are driving the South America Radiology Services Market's noteworthy expansion. The healthcare system in the area is changing as a result of government investments in updating buildings and expanding access to radiological services. The development of chronic diseases like diabetes and cardiovascular problems greatly increases the necessity for efficient diagnostic techniques offered by radiology. 

    The market for radiology services in South America is full of opportunities, especially for growing services in underdeveloped areas. In order to guarantee that everyone, regardless of location, has access to high-quality diagnostic services, this involves using mobile imaging machines to reach outlying regions.

    Improved diagnostic efficiency and accuracy can result from collaborations with private organizations and the application of artificial intelligence in radiography, both of which are important areas for development. In order to guarantee comprehensive treatment regimens, radiology services are increasingly integrated with other medical specialties in recent trends that point to a shift towards patient-centered care.Initiatives to improve healthcare-provider collaboration and expand the use of imaging in preventative health programs are supporting this trend. 

    Market Segment Insights

    South America Radiology Services Market Segment Insights

    South America Radiology Services Market Segment Insights

    Radiology Services Market Imaging Technique Insights

    Radiology Services Market Imaging Technique Insights

    The Imaging Technique segment of the South America Radiology Services Market plays a crucial role in enhancing diagnostic capabilities across the region. As healthcare systems in South America continue to evolve, the importance of reliable and advanced imaging techniques cannot be overstated. X-Ray remains a fundamental tool in diagnosing various conditions, demonstrating a strong presence in both emergency and outpatient services. Ultrasound has gained traction due to its non-invasive nature and real-time imaging capabilities, significantly contributing to prenatal care and musculoskeletal evaluations, thus enhancing patient outcomes.

    Computed Tomography is increasingly favored for its detailed cross-sectional images, particularly in trauma cases and oncology, proving indispensable in guiding treatment decisions. Magnetic Resonance Imaging offers high-resolution images without radiation exposure, making it particularly valuable for soft tissue imaging and neurological diagnostics. The incremental growth of Nuclear Medicine is noteworthy as it allows for functional imaging and therapeutic applications, addressing specific diseases such as cancer. The combination of these imaging techniques reflects a comprehensive strategy in the South America Radiology Services Market to provide effective, timely, and patient-centered care.

    Given the ongoing advancements in technology and increasing demand for diagnostic accuracy, the Imaging Technique segment is poised for continuous evolution and growth in South America, supported by investment in healthcare infrastructure and the adoption of innovative imaging solutions. The diverse application of these techniques drives the market's ability to respond to emerging healthcare challenges and therapeutic needs, ultimately improving health outcomes for the population.

    The South America Radiology Services Market segmentation highlights the critical role of imaging techniques in promoting efficient healthcare delivery while also revealing significant opportunities for development and expansion, guided by regional health policies and population health trends.

    Radiology Services Market Service Type Insights

    Radiology Services Market Service Type Insights

    The South America Radiology Services Market is categorized into various service types, with Diagnostic Imaging, Interventional Radiology, and Radiation Oncology being critical components driving market growth. Diagnostic Imaging encompasses modalities such as X-rays, ultrasounds, CT scans, and MRIs, making it essential for early detection and treatment of diseases, thus fostering patient outcomes and healthcare efficiency across South America. Interventional Radiology is increasingly important due to its minimally invasive techniques which help in performing procedures that traditionally required open surgery, resulting in shorter recovery times and decreased healthcare costs.

    Meanwhile, Radiation Oncology provides cancer treatment through precise radiation delivery, becoming central to oncology practices, especially as cancer prevalence continues to rise in the region. This focus on technology and patient-centered care aligns with broader trends in the South American healthcare industry, emphasizing innovation and improved patient experiences. The interplay of these services within the South America Radiology Services Market segmentation reflects a growing demand for advanced healthcare solutions that cater to evolving patient needs while tackling challenges such as access to care in rural areas and the need for investment in state-of-the-art technology.

    Radiology Services Market End User Insights

    Radiology Services Market End User Insights

    Various end users, including hospitals, diagnostic imaging centers, outpatient clinics, and research institutions, notably influence the South America Radiology Services Market. Hospitals represent a significant portion of this market as they provide comprehensive patient care, integrating radiology services into their medical processes for accurate disease diagnosis and treatment planning. Diagnostic imaging centers play a critical role by focusing solely on imaging services, offering advanced technology that enhances diagnostic accuracy catching diseases at earlier stages.Outpatient clinics are essential as they cater to patients seeking immediate imaging solutions without hospital admission, thereby streamlining healthcare delivery. 

    Research institutions contribute to the market through innovative studies, augmenting the development of new imaging methodologies and technologies that propel improvements in the field. This multi-faceted segmentation highlights the diverse applications and critical importance of radiology services across the healthcare landscape in South America, suggesting a strong market potential driven by increasing healthcare demands and advancements in imaging technologies.Enhanced accessibility and the growing emphasis on early detection of diseases are key growth factors for these end users, indicating a positive trajectory for the South America Radiology Services Market.

    Radiology Services Market Application Insights

    Radiology Services Market Application Insights

    The South America Radiology Services Market is significantly shaped by its Application segment, which includes critical areas such as Oncology, Cardiology, Neurology, and Orthopedics. Oncology remains a vital focus in the market, reflecting the increasing prevalence of cancer, thus necessitating advanced imaging techniques for effective diagnosis and treatment planning. Cardiology, with its emphasis on heart diseases, drives the demand for radiology services as cardiovascular conditions continue to rise in the region. Neurology plays an essential role as well, given the increasing incidence of neurological disorders, creating a need for sophisticated imaging technologies to ensure accurate diagnoses.

    Orthopedics caters to the growing number of musculoskeletal injuries and conditions, presenting a strong market opportunity due to the rising aging population in South America that frequently requires imaging for joint and bone disorders. The combination of these applications contributes to the overall growth of the South America Radiology Services Market, highlighting the importance of specialized imaging solutions in addressing the diverse health challenges faced by the region. As healthcare infrastructure continues to improve across South America, these applications are expected to gain further prominence, underscoring their significance within the market.

    Get more detailed insights about South America Radiology Services Market Research Report - Forecast to 2035

    Regional Insights

    The South America Radiology Services Market is characterized by its regional segmentation, encompassing Brazil, Mexico, Argentina, and the Rest of South America, each contributing uniquely to the overall industry landscape. Brazil is the leading market, driven by its extensive healthcare infrastructure and a growing demand for advanced diagnostic imaging services, reflecting the nation's commitment to improving healthcare access. Mexico follows closely, benefiting from a rising population and increased government investment in healthcare facilities, which propels the need for state-of-the-art radiology services.

    Argentina plays a significant role as well, with an emphasis on enhancing diagnostic capabilities, especially amidst public health initiatives aimed at combating chronic diseases. The Rest of South America also contributes through a diverse array of healthcare needs, backed by emerging economies and evolving healthcare systems that prioritize the modernization of radiology services. Collectively, these regions showcase an industry poised for sustained growth, driven by technological advancements and an increasing focus on preventive healthcare, thus positioning the South America Radiology Services Market as a vital part of the healthcare ecosystem across the continent.

    Radiology Services Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The South America Radiology Services Market has witnessed significant growth and transformation in recent years, driven by advancements in medical technology, an increasing prevalence of chronic diseases, and a rising demand for diagnostic imaging services. This market is characterized by a mix of established players and emerging companies, each vying for market share through innovative service offerings, strategic collaborations, and an expanding geographical presence. The competitive landscape is further influenced by factors such as government policies, healthcare expenditure, and the growing importance of preventive healthcare.

     The ongoing digitalization of healthcare services, including tele-radiology and the integration of artificial intelligence in imaging, is also reshaping the market dynamics, prompting companies to adapt to these new trends and invest in cutting-edge technologies to remain competitive.Grupo Sabin has established itself as a leading player in the South American Radiology Services Market through its extensive network of diagnostic centers and commitment to quality services. The company is recognized for its comprehensive range of imaging services, which include X-ray, MRI, and CT scans, catering to a diverse patient demographic across various regions.

    Grupo Sabin's strength lies in its ability to leverage advanced imaging technologies and maintain high-quality standards, ensuring accurate and timely diagnoses. 

    Moreover, the company's strategic alliances and partnerships with various healthcare institutions enhance its service offerings and expand its reach within the market. These dynamics allow Grupo Sabin to maintain a competitive edge in the rapidly evolving landscape of radiology services in South America.Hermes Pardini is another prominent player in the South American Radiology Services Market, known for its focus on providing a wide array of diagnostic services that include radiology, laboratory testing, and specialized imaging. The company's presence is particularly strong in Brazil, where it operates numerous diagnostic centers equipped with state-of-the-art technology to deliver efficient and reliable imaging services. 

    Hermes Pardini's strengths lie in its commitment to customer service, comprehensive suite of diagnostic products, and continuous investment in modernizing its facilities. Furthermore, the company has engaged in strategic mergers and acquisitions to enhance its operational capabilities and expand its footprint in the market. By integrating advanced technologies and expanding its service portfolio, Hermes Pardini has positioned itself competitively in the South American radiology landscape, catering to the growing needs of healthcare providers and patients alike.

    Key Companies in the South America Radiology Services Market market include

    Industry Developments

    Recent developments in the South America Radiology Services Market highlight significant dynamics influenced by the pandemic and technological advancements. Companies such as Grupo Sabin and Dasa are experiencing growth due to increased demand for imaging services, particularly in Brazil, where healthcare investments are rising. In June 2023, Grupo Sabin announced plans to enhance its technological capabilities by investing in artificial intelligence for diagnostic imaging. Meanwhile, Dasa has been actively expanding its reach in the region by acquiring smaller clinical laboratories, reflecting a consolidation trend in the market.

    In July 2023, Hermes Pardini acquired a local diagnostic lab, further enhancing its service offerings. 

    The 2022-2023 economic recovery from the pandemic has led to an increase in radiological examinations, with a noted uptick in patients seeking preventive care. Lavoisier has also ventured into partnerships to improve patient access to radiological services across Argentina. These mergers and expansions indicate a competitive landscape as companies strive to innovate and meet evolving patient needs while navigating regulatory challenges in the South American healthcare sector. The growth trajectory suggests a thriving market driven by technology and strategic partnerships among major players.

    Market Segmentation

    Outlook

    • Brazil
    • Mexico
    • Argentina
    • Rest of South America

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 3.83(USD Billion)
    MARKET SIZE 2024 4.5(USD Billion)
    MARKET SIZE 2035 7.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.098% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Grupo Sabin, Hermes Pardini, Fleury, Dasa, Lavoisier
    SEGMENTS COVERED Imaging Technique, Service Type, End User, Application, Regional
    KEY MARKET OPPORTUNITIES Telemedicine adoption in radiology, Advanced imaging technology integration, Increasing healthcare expenditure, Rise in chronic disease diagnostics, Growth in aging population healthcare
    KEY MARKET DYNAMICS Growing elderly population, Increasing disease prevalence, Advancements in imaging technology, Rising healthcare expenditure, Expanding medical infrastructure
    COUNTRIES COVERED Brazil, Mexico, Argentina, Rest of South America

    FAQs

    What is the projected market size of the South America Radiology Services Market in 2024?

    The South America Radiology Services Market is expected to be valued at 4.5 USD Billion in 2024.

    What will be the market size of the South America Radiology Services Market in 2035?

    By 2035, the market is anticipated to reach a valuation of 7.0 USD Billion.

    What is the expected CAGR for the South America Radiology Services Market from 2025 to 2035?

    The market is projected to grow at a CAGR of 4.098% during the period from 2025 to 2035.

    Which region is expected to dominate the South America Radiology Services Market by 2035?

    Brazil is projected to have the largest market share, valued at 2.3 USD Billion by 2035.

    What is the expected market size for Ultrasound services in the South America Radiology Services Market in 2024?

    Ultrasound services are valued at 1.0 USD Billion in 2024.

    Which key players are dominating the South America Radiology Services Market?

    Major players include Grupo Sabin, Hermes Pardini, Fleury, Dasa, and Lavoisier.

    What is the market size for Computed Tomography in the South America Radiology Services Market by 2035?

    The Computed Tomography segment is expected to be valued at 1.7 USD Billion by 2035.

    How much is the Nuclear Medicine segment expected to grow by 2035?

    Nuclear Medicine is projected to grow to 0.4 USD Billion by 2035.

    What is the market size for Radiology services in Argentina in 2024?

    Argentina is expected to have a market size of 0.8 USD Billion in 2024.

    What growth opportunities exist within the South America Radiology Services Market from 2025 to 2035?

    Emerging trends include advancements in imaging technologies and increasing healthcare access.

    Report Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials