The Latin America, Middle East and Africa Micro Computed Tomography Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
The increasing focus of various manufacturers on developing technologically advanced products and strategies like mergers, product approvals, and acquisitions would augment the growth of the market during the forecast period. The penetration of Micro Computed Tomography has increased due to the introduction of various advanced features in Micro Computed Tomography like superior performance and less time & labor cost. With the constant advancements in the resolution of the Micro Computed Tomography, the applications of 3D imaging are increasing across the world.
The increasing investment of the government in building a strong healthcare infrastructure is boosting the demand for Micro Computed Tomography devices in the regional market. In addition, the rising cases of various diseases like cancers, dental problems, and others would contribute to the increased demand for Micro Computed Tomography in this regional market. The untapped potential of this region is attracting more key market players to invest in this region and expand their business.
Furthermore, there is an increase in the spending of consumers on healthcare, which is augmenting the demand for Micro Computed Tomography. The increasing geriatric population across different nations of this region is one of the factors accelerating the growth of regional market. The rising technological advancements in Micro Computed Tomography devices and systems to improve the accuracy of the results along with boosting the efficacy of the procedures would propel the growth of the regional micro computed tomography market during the forecast period.
Several features and benefits of Micro Computed Tomography are creating opportunities for the market vendors across different fields. The growing usage of Micro Computed Tomography in research and development activities would boost the demand for Micro Computed Tomography systems around the world. Though, as the system is highly dependent on complex computer hardware and software, the chances of technical failures are high, which would hinder the growth of the micro computed tomography market over the forecast period.
The Brazil market dominated the LAMEA Geology/Oil and Gas Geology Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,254 Thousands by 2027. The Argentina market would witness a CAGR of 12.2% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 10.7% during (2021 - 2027).
Based on Product, the market is segmented into Ex-vivo and In-vivo. Based on Application, the market is segmented into Life Sciences, Bones, Dentistry, Geology/Oil and Gas Geology, Plant & Food and Material Science. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Micro Computed Tomography Market is Predict to reach $342.5 Million by 2027, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bruker Corporation, PerkinElmer, Thermo Fisher Scientific, Zeiss Group, NeoScan, Sanying Precision Instruments Co. Ltd, North Star Imaging Inc, SCANCO Medical AG, TESCAN ORSAY HOLDING, a.s., and QRM GmbH.
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