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Pulished Date April, 2021
ID: 7027
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Latin America Electroceuticals Market Research Report - Segmented By Product, Type Of Device, Application, End User & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 7027
Pages: 145

Latin America Electroceuticals Market Size (2021 to 2026)

The size of the Latin American Electroceuticals Market has been calculated at USD 2.60 billion in 2021. It is estimated to be growing at a CAGR of 8.3% and worth USD 3.87 billion by 2026.

Y-O-Y growth in the incidence of Chronic diseases is progressing at a higher rate in Latin American countries. In Brazil, an estimated 45.7 million people live with cardiovascular diseases, and nearly 16.8 million people are diagnosed with diabetes. Latin American governments' encouragement in the form of investments for the new technological advancements and increasing patient count with various health disorders are some of the most prominent factors accelerating market growth. As per the World Health Organization, the Ministry of Health of Mexico, Epilepsy has affected 2 million people.

However, the high costs associated with the installation and maintenance of the devices is limiting market growth to a small extent. Strict rules and guidelines imposed by the government and product recall the major challenges for the market players.

This research report on the Latin American Electroceuticals market has been segmented and sub-segmented into the following categories:

By Product: 

  • Pacemakers
  • Cochlear Implants
  • Spinal Cord Stimulators

By Type Of Device: 

  • Implantable
  • Non-Invasive

Implantable devices have held the major share in the market due to the prevalence of neurological diseases, while non-implantable devices are expected to grow at a higher CAGR.

By Application: 

  • Arrhythmia
  • Depression
  • Migraine

By End User: 

  • Hospitals
  • Research Institutes

The hospital segment is expected to account for the largest share of the market in 2019. The individual user’s segment is projected to grow at the highest CAGR in the forecast period.

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Regional Analysis:

Brazil is leading the market regionally due to the presence of a developed healthcare system as well as the presence of market leaders. Argentina is expected to grow the fastest owing to its increasing disposable income, growing government initiatives to develop healthcare infrastructure, and increasing awareness.

In Mexico, the occurring population with Parkinson’s disease in people aged 20 years and above is 37.92 per 100,000. Mexico is gaining traction in this regional market and the next leading market after Brazil. According to the Institute of Health Metrics and Evaluation 2017, nearly 0.4 million death rates occur in Latin America because of ischemic heart diseases. Mexico’s aging population 65 years and above are expected to grow from 27.7 million in 2015 and is estimated to reach 30 million by the end of 2050. Growing per capita income in developing countries and rising disposable income in urban areas are propelling the market demand in this region.

Prominent companies leading in the Latin American Electroceuticals Market profiled in the report are Medtronic plc, St. Jude Medical, Inc., Boston Scientific Corporation, Cochlear Limited, Sonova Holding AG, LivaNova PLC, Biotronik, Nevro Corporation, Second Sight Medical Products, Inc., and ElectroCore LLC.

1.Introduction           

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods   

                1.4 General Study Assumptions                

2. Research Methodology                    

                2.1 Introduction        

                2.2 Research Phases                      

         2.2.1 Secondary Research           

         2.2.2 Primary Research 

         2.2.3 Econometric Modelling      

         2.2.4 Expert Validation  

                2.3 Analysis Design  

                2.4 Study Timeline   

3. Overview                

                3.1 Executive Summary                

                3.2 Key Inferences  

                3.3 Epidemology       

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)             

                4.1 Market Drivers   

                4.2 Market Restraints                    

                4.3 Key Challenges  

                4.4 Current Opportunities in the Market       

5. Market Segmentation

                5.1 Product 

         5.1.1 Introduction           

         5.1.2 Implantable Cardioverter Defibrillators      

         5.1.3 Cardiac Pacemakers            

         5.1.4 Spinal Cord Stimulators      

         5.1.5 Cochlear Implants                

         5.1.6 Deep Brain Stimulators      

         5.1.7 Transcutaneous Electrical Nerve Stimulators            

         5.1.8 Vagus Nerve Stimulators  

         5.1.9 Sacral Nerve Stimulators   

         5.1.10 Retinal Implants 

         5.1.11 Other Electrical Stimulators           

         5.1.12  Y-o-Y Growth Analysis, By Product            

         5.1.13  Market Attractiveness Analysis, By Product          

         5.1.14  Market Share Analysis, By Product            

                5.2 Type of Devices 

         5.2.1 Introduction           

         5.2.2 Implantable Electroceutical Devices             

         5.2.3 Non-Invasive Electroceutical Devices          

         5.2.4 Y-o-Y Growth Analysis, By Type of Devices               

         5.2.5 Market Attractiveness Analysis, By Type of Devices             

         5.2.6 Market Share Analysis, By Type of Devices               

                5.3 Application                 

         5.3.1 Introduction           

         5.3.2 Arrhythmia             

         5.3.3 Chronic Back Pain 

         5.3.4 Failed Back Syndrome        

         5.3.5 Ischemia  

         5.3.6 Sensorineural Hearing Loss              

         5.3.7 Parkinson’s Disease            

         5.3.8 Tremor     

         5.3.9 Alzheimer's disease            

         5.3.10 Depression           

         5.3.11 Migraine

         5.3.12 Epilepsy 

         5.3.13 Other Applications            

         5.3.14 Y-o-Y Growth Analysis, By Application      

         5.3.15  Market Attractiveness Analysis, By Application   

         5.3.16  Market Share Analysis, By Application     

                5.4 End-Users                   

         5.4.1 Introduction           

         5.4.2 Hospitals  

         5.4.3 Research Institutes             

         5.4.4 Individual Users    

         5.4.5 Y-o-Y Growth Analysis, By End-Users          

         5.4.6  Market Attractiveness Analysis, By End-Users       

         5.4.7  Market Share Analysis, By End-Users         

6. Geographical Analysis

                6.1 Introduction        

         6.1.1 Regional Trends    

         6.1.2 Impact Analysis     

         6.1.3 Y-o-Y Growth Analysis        

  6.1.3.1 By Geographical Area

  6.1.3.2 By Product

  6.1.3.3 By Type of Devices

  6.1.3.4 By Application

  6.1.3.5 By End-Users

         6.1.4  Market Attractiveness Analysis     

  6.1.4.1 By Geographical Area

  6.1.4.2 By Product

  6.1.4.3 By Type of Devices

  6.1.4.4 By Application

  6.1.4.5 By End-Users

         6.1.5  Market Share Analysis      

  6.1.5.1 By Geographical Area

  6.1.5.2 By Product

  6.1.5.3 By Type of Devices

  6.1.5.4 By Application

  6.1.5.5 By End-Users

                6.2 Brazil      

                6.3 Mexico  

                6.4 Rest of Latin America      

7.Strategic Analysis                 

                7.1 PESTLE analysis  

         7.1.1 Political     

         7.1.2 Economic 

         7.1.3 Social         

         7.1.4 Technological         

         7.1.5 Legal          

         7.1.6 Environmental       

                7.2 Porter’s Five analysis       

         7.2.1 Bargaining Power of Suppliers        

         7.2.2 Bargaining Power of Consumers    

         7.2.3 Threat of New Entrants     

         7.2.4 Threat of Substitute Products and Services              

         7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                  

                8.1 Medtronic plc     

         8.1.1 Overview 

         8.1.2 Product Analysis   

         8.1.3 Financial analysis  

         8.1.4 Recent Developments       

         8.1.5 SWOT analysis       

         8.1.6 Analyst View          

                8.2 St. Jude Medical, Inc.      

                8.3 Boston Scientific Corporation      

                8.4 Cochlear Limited                      

                8.5 Sonova Holding AG                 

                8.6 LivaNova PLC      

                8.7 Biotronik                      

                8.8 Nevro Corporation                  

                8.9 Second Sight Medical Products, Inc.                

                8.10 ElectroCore LLC                      

9.Competitive Landscape                     

                9.1 Market share analysis     

                9.2 Merger and Acquisition Analysis

                9.3 Agreements, collaborations and Joint Ventures  

                9.4 New Product Launches  

10.Market Outlook and Investment Opportunities                   

Appendix                    

                a) List of Tables                

                b) List of Figures       

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms Type Of Device with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the North america market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Electroceuticals/Bioelectric Medicines Market, By Product, From 2021 to 2026 (USD Billion)
  2. Latin America Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Billion)
  3. Latin America Cardiac Pacemakers  Market, By Region, From 2021 to 2026 (USD Billion)
  4. Latin America Spinal Cord Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  5. Latin America Cochlear Implants Market, By Region, From 2021 to 2026 (USD Billion)
  6. Latin America Deep Brain Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  7. Latin America Transcutaneous Electrical Nerve Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  8. Latin America Vagus Nerve Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  9. Latin America Sacral Nerve Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  10. Latin America Retinal Implants Market, By Region, From 2021 to 2026 (USD Billion)
  11. Latin America Other Electrical Stimulators Market, By Region, From 2021 to 2026 (USD Billion)
  12. Latin America Electroceuticals/Bioelectric Medicines Market, By Type of Devices, From 2021 to 2026 (USD Billion)
  13. Latin America Implantable Electroceutical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  14. Latin America Non-Invasive Electroceutical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  15. Latin America Electroceuticals/Bioelectric Medicines Market, By Applications, From 2021 to 2026 (USD Billion)
  16. Latin America Arrhythmia Market, By Region, From 2021 to 2026 (USD Billion)
  17. Latin America Chronic Back Pain Market, By Region, From 2021 to 2026 (USD Billion)
  18. Latin America Failed Back Syndrome Market, By Region, From 2021 to 2026 (USD Billion)
  19. Latin America Sensorineural Hearing Loss Market, By Region, From 2021 to 2026 (USD Billion)
  20. Latin America Parkinson's Disease Market, By Region, From 2021 to 2026 (USD Billion)
  21. Latin America Treatment-Resistant Depression Market, By Region, From 2021 to 2026 (USD Billion)
  22. Latin America Epilepsy Market, By Region, From 2021 to 2026 (USD Billion)
  23. Latin America Retinitis Pigmentosa Market, By Region, From 2021 to 2026 (USD Billion)
  24. Latin America Migraine Market, By Region, From 2021 to 2026 (USD Billion)
  25. Latin America Spinal Cord Injury Market, By Region, From 2021 to 2026 (USD Billion)
  26. Latin America Electroceuticals/Bioelectric Medicines Market, By End User, From 2021 to 2026 (USD Billion)
  27. Latin America Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  28. Latin America Research Institutes Market, By Region, From 2021 to 2026 (USD Billion)
  29. Latin America Individual Users Market, By Region, From 2021 to 2026 (USD Billion)
  30. Brazil Electroceuticals/Bioelectric Medicines Market, By Product, From 2021 to 2026 (USD Billion)
  31. Brazil Electroceuticals/Bioelectric Medicines Market, By Type of Devices, From 2021 to 2026 (USD Billion)
  32. Brazil Electroceuticals/Bioelectric Medicines Market, By Applications, From 2021 to 2026 (USD Billion)
  33. Brazil Electroceuticals/Bioelectric Medicines Market, By End User, From 2021 to 2026 (USD Billion)
  34. Argentina Electroceuticals/Bioelectric Medicines Market, By Product, From 2021 to 2026 (USD Billion)
  35. Argentina Electroceuticals/Bioelectric Medicines Market, By Type of Devices, From 2021 to 2026 (USD Billion)
  36. Argentina Electroceuticals/Bioelectric Medicines Market, By Applications, From 2021 to 2026 (USD Billion)
  37. Argentina Electroceuticals/Bioelectric Medicines Market, By End User, From 2021 to 2026 (USD Billion)
  38. Mexico Electroceuticals/Bioelectric Medicines Market, By Product, From 2021 to 2026 (USD Billion)
  39. Mexico Electroceuticals/Bioelectric Medicines Market, By Type of Devices, From 2021 to 2026 (USD Billion)
  40. Mexico Electroceuticals/Bioelectric Medicines Market, By Applications, From 2021 to 2026 (USD Billion)
  41. Mexico Electroceuticals/Bioelectric Medicines Market, By End User, From 2021 to 2026 (USD Billion)
  42. Rest of Latin America Electroceuticals/Bioelectric Medicines Market, By Product, From 2021 to 2026 (USD Billion)
  43. Rest of Latin America Electroceuticals/Bioelectric Medicines Market, By Type of Devices, From 2021 to 2026 (USD Billion)
  44. Rest of Latin America Electroceuticals/Bioelectric Medicines Market, By Applications, From 2021 to 2026 (USD Billion)
  45. Rest of Latin America Electroceuticals/Bioelectric Medicines Market, By End User, From 2021 to 2026 (USD Billion)

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