The size of the Wearable Cardioverter Defibrillator Market in Latin America is estimated to grow at a steady rate from 2023 to 2028.
Small, portable devices called wearable cardioverter defibrillators to provide an electrical shock to the heart to prevent sudden cardiac death. Latin America has a moderate share in the global and many advanced technological devices are driving the market growth.
The increasing investment in various international healthcare programs funded by the government and other organizations such as WHO and the growing elderly population, changes in disease prevalence or incidence rate, and rising service costs are significant factors driving the market growth. Therefore, over the projected period, the Wearable Cardioverter Defibrillator market is expected to grow rapidly.
Furthermore, the demand for wearable cardioverter defibrillators to monitor and manage cardiovascular disorders is predicted to rise as the senior population in the Latin American region is significantly growing. In addition, remote patient monitoring (RPM) capabilities have been expanded thanks to consumer wearable sensors or gadgets. These technologies are beneficial for early detection and disease management in real-time.
Over the last few years, the world's adult population has exploded. Adults with hypertension, diabetes, obesity and other risk factors are typically at high risk of cardiovascular disease. The most frequent heart defect among young patients is congenital heart disease. Although cardiovascular problems are a significant concern among adults, the rising prevalence of pediatric obesity has increased the risk of cardiovascular complications in children, expected to boost the market for wearable cardioverter-defibrillators in this region.
Increased awareness of medical devices, technological advancements, and the growing demand for quick management. As the senior population grows and various chronic conditions such as cardiovascular disease become more prevalent, the need for personal care devices among patients and caregivers has skyrocketed.
This research report on the Latin America Wearable Cardioverter Defibrillator Market has been segmented and sub-segmented into the following categories.
By End User:
In terms of regional market share, Latin America has a moderate share of the worldwide market. However, over the projected period, the Latin American Wearable Cardioverter Defibrillator market is expected to rise rapidly. According to the Centers for Disease Control and Prevention, the prevalence of atrial fibrillation in Brazil, Mexico, and Argentina ranged from 2.7 million to 6.1 million in 2020 and is expected to reach 12.1 million by 2030.
According to the CDC, roughly 2% of adults less than 65 years old in Brazil have atrial fibrillation, whereas approximately 9% of people 65 and over have it. The trend is an increase in chronic illnesses such as diabetes, cardiovascular disease, and others as the population ages. The patient's age influences the long-term effects of atrial fibrillation ablation.
Frail elderly adults with AF are at risk of poor clinical outcomes. Because cardiovascular disease is the leading cause of mortality, many new manufacturers are interested in investing in new technologies to provide enhanced diagnostic and treatment alternatives. Because cardiovascular disease is the leading cause of mortality in Latin America, many new manufacturers are interested in investing in new technologies to provide enhanced diagnostic and treatment alternatives.
KEY MARKET PLAYERS:
A few of the noteworthy companies operating in the Latin America Wearable Cardioverter Defibrillator Market profiled in this report are LivaNova PLC (U.K.), Koninklijke Philips N.V. (Netherlands), ZOLL Medical Corporation (U.S.), Cardiac Science Corporation (U.S.), Physio-Control, Inc. (U.S.), Medtronic PLC (Ireland), St. Jude Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), and Nihon Kohden Corporation (Japan).
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