Oncology devices are a wide range of medical devices used in the treatment of cancer. Oncology devices are in-vitro diagnosis and combination device products used in screening, diagnosing, treating, and monitoring premalignant and malignant conditions in patients. Diagnosing cancer is done through a variety of tests, including a physical examination, imaging scans, laboratory tests, and a biopsy of the cells in question. Each of these tests provides valuable information that helps doctors make an accurate diagnosis and determine the best treatment options for their patients. X-rays, a CT (Computed Tomography) scan, an MRI (Magnetic Resonance Imaging), and other types of imaging scans are diagnostic tools that oncology doctors can use to assess the stage of cancer. These imaging scans may use high-energy radiation waves, electromagnetic waves, or a magnetic field to create pictures of the internal organs and tissues. Oncology devices and diagnostics include a range of medical devices that assist patients and providers in screening, diagnosing, treating, and monitoring premalignant and malignant conditions. Oncology devices are used in a variety of settings, including hospitals, clinics, and doctor’s offices. Oncology devices includes radiation therapy device which are used deliver radiation to cancer cells. Radiation therapy can be used to kill cancer cells, to shrink tumors, or to relieve pain. Radiation therapy devices include linear accelerators, brachytherapy machines, and gamma knives. Moreover, the increasing number of people suffering from cancer is driving demand for oncology devices. This, in turn is expected to drive the market growth during the forecast period.

Market Dynamics

Key companies operating in the market are focusing on product launches and obtaining approvals from regulatory agencies, which is expected to facilitate growth of the Latin America oncology devices market during the forecast period. Moreover, government regulatory bodies are focused on enhancing digital healthcare and approving new products for the treatment of cancer. For instance, in March 2020, MEDX HEALTH CORP., a medical device and software company, received regulatory approval from ANVISA to market and sell its SIAscopy on DermSecure skin assessment platform in Brazil. SIAscopy is an imaging technology and a solution for early detection of skin cancer.

Key features of the study:

• This report provides in-depth analysis of the Latin America oncology device market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Latin America oncology device market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study are Medtronic, Ace-medical, VOGT MEDICAL, BD (Becton, Dickinson and Company), Smiths Medical, Inc., Samtronic., CODAN ARGUS AG, B. Braun SE, Medical Components, Inc., Fresenius SE & Co. KGaA, Baxter, EuroLife Healthcare Pvt. Ltd, and Micrel Medical Devices.
• Insights from this report will allow marketers and the management authorities of the companies to make informed decisions regarding its future product launches, type up-gradation, market expansion, and marketing tactics
• Latin America oncology device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Latin America oncology device market

Detailed Segmentation:

• Latin America Oncology Device Market, By Chemotherapy Administration:
  • Gravity Chemotherapy Administration
  • Syringe Chemotherapy Administration
  • Pump Chemotherapy Administration
  • Others
• Latin America Oncology Device Market, By Accessories and Consumables:
  • Infusion Sets
  • Venous Access
    • Ports
    • Needles
  • Catheter
    • Central venous catheter (CVC)
    • Peripherally inserted central catheter(PICC)
  • Needleless Connectors
  • Syringe Filters
  • Software
• Latin America Oncology Device Market, By Age Group:
  • Pediatric
    • Infant (from birth to 1 year)
    • Children ( 4 to 10 years)
    • Teenager/Adolescent (11 to 19 years)
  • Adults
• Latin America Oncology Device Market, By End User:
  • Private Hospitals / Clinics
    • General Hospitals with Oncology Centers
    • Specialized Hospitals
    • Specialized Clinics
  • Public Hospitals / Clinics
    • General Hospitals with Oncology Centers
    • Specialized Hospitals
    • Specialized Clinics
  • Others
    • Homecare Settings
    • Research Institutes
• Latin America Oncology Device Market, By Country:
  • Brazil
  • Mexico
  • Chile
• Company Profiles
  • Medtronic
  • Ace-medical
  • VOGT MEDICAL
  • BD (Becton, Dickinson and Company)
  • Smiths Medical, Inc.
  • Samtronic
  • CODAN ARGUS AG
  • Braun SE
  • Medical Components, Inc.
  • Fresenius SE & Co. KGaA
  • Baxter
  • EuroLife Healthcare Pvt. Ltd
  • Micrel Medical Devices