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Latin America Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 1388
Pages: 145

Latin America Orthopedic Devices Market Size (2022 to 2027)

The size of the Orthopedic Devices Market in Latin America is forecasted to be growing from USD 4.42 billion in 2022 to USD 5.59 billion by 2027, growing at a CAGR of 4.81% from 2022 to 2027. Latin American population comprises the geriatric population to a large extent, which drives market growth for orthopedic devices by orthopedic treatments in large numbers.

The rapid increase in the aging population across the globe, rise in the prevalence of orthopedic injuries or diseases such as osteoarthritis, osteoporosis, traumatic fractures, and rheumatoid arthritis are the factors that are driving the market. Also, increasing the incidence of road accidents and sports injuries and spurring demand for minimally invasive surgical procedures to stimulate global market growth. Emerging economies offer lucrative opportunities for the growth of the orthopedic devices market in the near future. In addition, the early onset of musculoskeletal conditions triggered by obesity and a sedentary lifestyle are expected to boost growth.

FDA has made strict supervision for orthopedic devices to pass through quality control and check. Another market challenge is the high cost of orthopedic devices. A cost-effective solution is yet to be provided by manufacturers.

This research report on the Latin American Orthopedic Devices Market has been segmented and sub-segmented into the following categories.

By Anatomical Location: 

  • Knee
  • Shoulder
  • Foot
  • Ankle
  • Hip
  • Spine
  • Elbow
  • Craniomaxillofacial

By Type Of Consumable: 

  • Orthopedic Staples
  • Orthopedic Suture Anchors
    • Resorbable Suture Anchors
    • Metallic Suture Anchors

By Country: 

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

Based on the region, the Latin America region is seeing all markets re-evaluate their health provision. Levels of service in the buoyant private health sector are among the best to be found, but the challenge is to provide better primary healthcare levels to the mass of the population. Opportunities for medical equipment manufacturers, orthopedic devices, and supplies do exist, but it knows where and how to develop them.

Mexico and Brazil accounted for the major share of the Latin American orthopedic devices market in 2020. Brazil is the largest medical market, followed by Mexico, Venezuela, Colombia, and Argentina. Except for Brazil and Mexico, the region's medical regulatory environment is erratic compared to developed countries. Trade-in medical devices and equipment is vital to the region's growth, with all markets reliant on imports, except for Brazil, which has a robust domestic market. Except for Brazil and Mexico, the medical regulatory environment in the region is less stable than in developed markets. These growing markets have not matured yet; therefore, their regulatory systems are being consolidated. Brazil and Mexico, however, have more sophisticated and mature regulatory systems.

Trade-in medical devices such as orthopedic devices are vital to the region's development, with all markets dependent on imports, except for Brazil, which has a strong local domestic industry. Brazil, Argentina, and Chile import more high specification medical technology products, while Peru, Mexico, and Venezuela import more consumables. Regional medical exports are low, except for Mexico, representing nearly 90% of the region's export capabilities. Continuing strong export growth in the country is almost entirely due to U.S manufacturer's activities. Brazil's exports are low compared to the size of its medical market, even though exports have more than doubled in the last eight years. The deficit in the balance of trade has increased in recent years, despite the weight of Mexico's exports. Cuba is one of the world's last unreformed communist countries. The healthcare sector is highly centralized and controlled by the government.

The Colombian orthopedic device market is heavily reliant on imports, especially in the more high-tech sectors.

KEY MARKET PLAYERS:

A few promising companies operating in the Latin American orthopedic devices market profiled in this report are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.

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 Anatomical location                                

                                5.1.1 Introduction           

                                5.1.2 Knee         

                                5.1.3 Shoulder  

                                5.1.4 Foot and Ankle      

                                5.1.5 Hip             

                                5.1.6 Spine         

                                5.1.7 Elbow        

                                5.1.8 Craniomaxillofacial              

                                5.1.9 Others      

                                5.1.10 Y-o-Y Growth Analysis, By Anatomical location      

                                5.1.11 Market Attractiveness Analysis, By Anatomical location    

                                5.1.12 Market Share Analysis, By Anatomical location     

                5.2 Type of Consumables                             

                                5.2.1 Orthopedic staples              

                                5.2.2 Orthopedic suture anchors              

                                                5.2.2.1 Resorbable suture anchors

                                                5.2.2.2 Metallic suture anchors

                                5.2.3 Y-o-Y Growth Analysis, By Type of Consumables     

                                5.2.4 Market Attractiveness Analysis, By Type of Consumables   

                                5.2.5 Market Share Analysis, By Type of Consumables     

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 Anatomical location

                                                6.1.3.3 By Type of Consumables

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Anatomical location

                                                6.1.4.3 By Type of Consumables

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Anatomical location

                                                6.1.5.3 By Type of Consumables

                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                  

                                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 Stryker                         

                8.3 Zimmer Inc.                

                8.4 DePuy                          

                8.5 Synthes                       

                8.6 Smith & Nephew                     

                8.7 Biomet                         

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                              

  1. Latin America Orthopedic Devices Market By Region, From 2021to 2027 (USD Million)
  2. Latin America Orthopedic Devices Market By Anatomical location, From 2021to 2027 (USD Million)
  3. Latin America Knee Market By Region, From 2021to 2027 (USD Million)
  4. Latin America Shoulder Market By Region, From 2021to 2027 (USD Million)
  5. Latin America Foot and Ankle Market By Region, From 2021to 2027 (USD Million)
  6. Latin America Hip Market By Region, From 2021to 2027 (USD Million)
  7. Latin America Spine Market By Region, From 2021to 2027 (USD Million)
  8. Latin America Elbow Market By Region, From 2021to 2027 (USD Million)
  9. Latin America Craniomaxillofacial Market By Region, From 2021to 2027 (USD Million)
  10. Latin America Orthopedic Devices Market By Type of Consumables, From 2021to 2027 (USD Million)
  11. Latin America Orthopedic staples Market By Region, From 2021to 2027 (USD Million)
  12. Latin America Orthopedic suture anchors Market By Region, From 2021to 2027 (USD Million)
  13. Latin America Orthopedic Devices Market By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  14. Latin America Resorbable suture anchors Market By Region, From 2021to 2027 (USD Million)
  15. Latin America Metallic suture anchors Market By Region, From 2021to 2027 (USD Million)
  16. Brazil Orthopedic Devices Market By Anatomical location, From 2021to 2027 (USD Million)
  17. Brazil Orthopedic Devices Market By Type of Consumables, From 2021to 2027 (USD Million)
  18. Brazil Orthopedic Devices Market By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  19. Argentina Orthopedic Devices Market By Anatomical location, From 2021to 2027 (USD Million)
  20. Argentina Orthopedic Devices Market By Type of Consumables, From 2021to 2027 (USD Million)
  21. Argentina Orthopedic Devices Market By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  22. Mexico Orthopedic Devices Market By Anatomical location, From 2021to 2027 (USD Million)
  23. Mexico Orthopedic Devices Market By Type of Consumables, From 2021to 2027 (USD Million)
  24. Mexico Orthopedic Devices Market By Orthopedic suture anchors, From 2021to 2027 (USD Million)
  25. Rest of Latin America Orthopedic Devices Market By Anatomical location, From 2021to 2027 (USD Million)
  26. Rest of Latin America Orthopedic Devices Market By Type of Consumables, From 2021to 2027 (USD Million)
  27. Rest of Latin America Orthopedic Devices Market By Orthopedic suture anchors, From 2021to 2027 (USD Million)

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