The Latin America Endoscopy Devices Market is estimated to value USD 2.25 billion in 2022 and USD 2.99 billion by 2027, growing at a CAGR of 5.84% from 2022 to 2027.
Endoscopy has altered the viewpoint of recognizing diseases and how surgeries were performed previously. Unlike other medical imaging procedures, devices such as endoscopes, visualization systems, and operative devices give direct insight check-ups of the organs.
The growth of the Latin America Endoscopy Devices Market is mainly driven by factors such as the growing number of hospitals, the increasing preference of patients for minimally invasive operations, and the rising geriatric population.
However, issues such as lack of skilled professionals and infections acquired from unsterilized endoscopes are restraining the market's growth in this region.
This research report on the Latin American endoscopy devices market has been segmented and sub-segmented into the following categories:
Geographically, Brazil and Mexico lead the Latin American market as the two nations together held over 55% of the market in 2020. The Mexican endoscopy devices market is projected to show the fastest growth rate during the forecast period, followed closely by Brazil. Owing to the speedy progress of the market in the use of endoscopes, medical device firms that can launch new innovative devices will be rewarded with high gains.
KEY MARKET PLAYERS:
Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., and Fujifilm Holding Corporation are some of the leading companies in the Latin American endoscopy devices market profiled in this report.
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