We are monitoring the impact of COVID-19 & Recession alarm on Latin America Medical Devices Market Get in touch with us for detailed analysis Know More
Share on

Latin America Medical Devices Market Research Report – Segmented By Type, End-User & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 12461
Pages: 100

The size of the Latin American medical devices market was worth USD 36.24 billion in 2020. This value is further estimated to be growing at a CAGR of 5.79% from 2022 to 2027 and worth USD 48.02 billion in 2027.

The growth of the Latin American medical devices market is predicted to be driven by the growth in the increasing number of medical facilities, the rapid growth of the elderly population, increasing incidence of conventional diseases such as diabetes and obesity, economic growth in emerging markets, especially in underdeveloped countries, rapid technological advancements and increased health care spending during the forecast period.

There is a growing demand and acceptance of advanced medical technologies in countries of Latin America, mainly in Brazil, Puerto Rico, and Columbia. Although key companies are making efforts to meet the market needs, there is increasing competitive pressure in the medical devices market in Latin America due to high demand and low supply ratio. Furthermore, the support of reimbursement pathways and improving government efforts to elevate the overall health of the population in the region are further estimated to boost the market’s growth rate. In addition, public and Private healthcare authorities focus on providing quality health services for all civilians.

Some advanced medical technologies are artificial intelligence applications in personal care, telemedicine, remote patient monitoring devices, electronic medical records (EHRs), etc. The recent increase in the number of infections and pandemics. Towards the end of 2022, Latin America was reported to have over 22 million cases, whereas Argentina alone accounted for more than 5.3 million confirmed cases. The Latin American region had recorded around 46.5 million diagnosed patients and a considerable number of fatal cases due to COVID-19. These medical technology solutions enable contactless monitoring of patients, which has driven the market affected by the COVID-19 virus. The digitalized recorded data is better for physicians and patients than traditional paperwork management.

However, data security threats due to the adoption of electronic medical record (EMRs) facilities by healthcare facilities could hamper the growth of the Latin American medical devices market during the forecast period.

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

By Type:

  • Orthopedic Devices
  • Cardiovascular Devices
  • Diagnostic Imaging
  • IVD
  • MIS
  • Wound Management
  • Diabetes Care
  • Ophthalmic
  • Dental
  • Nephrology
  • General Surgery
  • Others

By End-User:

  • Hospital & ASC’s
  • Clinics
  • Others

By Country:

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

In 2020, the Brazilian medical devices market was the largest region in the Latin American region, accounting for 39.8% of the total share. In the future, the fastest growing regions in the medical device market in Latin America will be Argentina and Mexico, where the growth will be 11.2% and 10.5% at CAGR, respectively. Manufacturers are increasingly focusing on the research and development process to drive the market's growth. In addition, to meet changing customer demand for improved efficiency and durability, various medical device manufacturers are collaborating local medical devices market with international companies to expand their portfolios.

The regional markets in Chile and Columbia are projected to post a CAGR of 9% and 8.4%, respectively. These regional markets comprise low- and middle-income groups; these regions are predicted to have high incidence f chronic diseases such as diabetes and cardiovascular diseases, which drive the sales. The health systems of these countries are improving and stable due to support from the government. However, with recent foreign investment, the health scenario is progressing rapidly. Hence, it can be predicted that the medical device market in Latin America could experience lucrative growth during the forecast period.

KEY MARKET PLAYERS:

Companies playing a pivotal role in the Latin American medical devices market profiled in this report are Medtronic, Stryker, Fresenius SE & Co. KGaA, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd, General Electric Company, Siemens Healthineers AG, BD, Boston Scientific Corporation, and Johnson & Johnson Services, Inc.

  1. Introduction                                                 
    1. Market Definition                                       
    2. Scope of the report                         
    3. Study Assumptions                         
    4. Base Currency, Base Year and Forecast Periods        
  2. Research Methodology                                             
    1. Analysis Design                                           
    2. Research Phases                                         
      1. Secondary Research                     
      2. Primary Research             
      3. Data Modelling                            
      4. Expert Validation             
    3. Study Timeline                                           
  3. Report Overview                                                      
    1. Executive Summary                        
    2. Key Inferences                                            
  4. Market Dynamics                                                     
    1. Impact Analysis                                          
      1. Drivers                            
      2. Restraints                        
      3. Opportunities                              
    2. Regulatory Environment                             
    3. Technology Timeline & Recent Trends                     
  5. Competitor Benchmarking Analysis                           
    1. Key Player Benchmarking                            
      1. Market share analysis                  
      2. Products/Service             
      3. Regional Presence           
    2. Mergers & Acquisition Landscape                
    3. Joint Ventures & Collaborations                  
  6. Market Segmentation                                               
    1. Global medical devices market, By Type                  
    2. Orthopedic Devices                                   
    3. Cardiovascular Devices                               
    4. Diagnostic Imaging                         
    5. IVD                                                
    6. MIS                                                
    7. Wound Management                               
    8. Diabetes Care                                           
    9. Ophthalmic                                    
    10. Dental                                          
    11. Nephrology                                            
    12. General Surgery                                        
    13. Others                                         
      1. Market Size Estimations & Forecasts (2022 - 2027)
      2. Y-o-Y Growth Rate Analysis                    
      3. Market Attractiveness Index       
    14. Global medical devices market, By Application       
    15. Hospital & ASC’s                                       
    16. Clinics                                          
      1. Market Size Estimations & Forecasts (2022 - 2027)
      2. Y-o-Y Growth Rate Analysis                    
      3. Market Attractiveness Index       
  7. Geographical Landscape                                           
    1. Latin America                                             
      1. By Country                                  
        1. Brazil                
        2. Argentina                     
        3. Mexico             
        4. Rest of Latin America    
      2. By Type                           
      3. By Application                             
  8. Key Player Analysis                                                                                                               
    1. Medtronic
      1. Business Description                    
      2. Products/Service             
      3. Financials                        
      4. SWOT Analysis                             
      5. Recent Developments
      6. Analyst Overview 
    2. Stryker
    3. Fresenius SE & Co. KGaA
    4. Koninklijke Philips N.V.
    5. F. Hoffmann-La Roche Ltd
    6. General Electric Company
    7. Siemens Healthineers AG
    8. BD
    9. Boston Scientific Corporation
    10. Johnson & Johnson Services, Inc.
  9. Market Outlook & Investment Opportunities             
  10. Appendix                                                                     
      1. List of Tables
      2. List of Figures 
  1. Asia Pacific Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  2. Asia Pacific Orthopedic Devices Market, By Region, From 2022 - 2027 (USD Billion)
  3. Asia Pacific Cardiovascular Devices Market, By Region, From 2022 - 2027 (USD Billion)
  4. Asia Pacific Diagnostic Imaging Market, By Region, From 2022 - 2027 (USD Billion)
  5. Asia Pacific IVD Market, By Region, From 2022 - 2027 (USD Billion)
  6. Asia Pacific MIS Market, By Region, From 2022 - 2027 (USD Billion)
  7. Asia Pacific Wound Management Market, By Region, From 2022 - 2027 (USD Billion)
  8. Asia Pacific Diabetes Care Market, By Region, From 2022 - 2027 (USD Billion)
  9. Asia Pacific Ophthalmic Market, By Region, From 2022 - 2027 (USD Billion)
  10. Asia Pacific    Dental Market, By Region, From 2022 - 2027 (USD Billion)
  11. Asia Pacific Nephrology Market, By Region, From 2022 - 2027 (USD Billion)
  12. Asia Pacific Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)
  13. Asia Pacific Hospital & ASC’s Market, By Region, From 2022 - 2027 (USD Billion)
  14. Asia Pacific Clinics Market, By Region, From 2022 - 2027 (USD Billion)
  15. Asia Pacific Others Market, By Region, From 2022 - 2027 (USD Billion)
  16. Japan Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  17. Japan Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)
  18. China Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  19. China Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)
  20. India Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  21. India Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)
  22. Australia Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  23. Australia Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)
  24. South Korea Global medical devices Market, By Type, From 2022 - 2027 (USD Billion)
  25. South Korea Global medical devices Market, By End-user, From 2022 - 2027 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

PURCHASE OPTIONS

excel
$

3335


pdf excel
$

3680


pdf excel powerbi
$

5520


excel
$

2000

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 3335

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample