Latin America Biomaterials Market Size & Outlook

The biomaterials market in Latin America is expected to reach a projected revenue of US$ 24,661.0 million by 2030. A compound annual growth rate of 13.3% is expected of Latin America biomaterials market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,317.4
Forecast, 2030 (US$M)
$24,661.0
CAGR, 2024 - 2030
13.3%
Report Coverage
Latin America

Latin America biomaterials market highlights

  • The Latin America biomaterials market generated a revenue of USD 10,317.4 million in 2023.
  • The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
  • In terms of segment, metallic was the largest revenue generating product in 2023.
  • Natural is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 10,317.4 million
Market revenue in 2030USD 24,661.0 million
Growth rate13.3% (CAGR from 2023 to 2030)
Largest segmentMetallic
Fastest growing segmentNatural
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPolymers, Natural, Ceramics, Metallic
Key market players worldwideMedtronic PLC, Evonik Industries AG, Carpenter Technology Corp, GNI Group Ltd, Invibio, Zimmer Biomet Holdings Inc, Basf SE, Covalon Technologies Ltd, Stryker Corp, Johnson & Johnson, Dentsply Sirona Inc, Corbion NV, CoorsTek


Other key industry trends

  • In terms of revenue, Latin America region accounted for 5.8% of the global biomaterials market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 127,860.1 million by 2030.

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Biomaterials Market Scope

Biomaterials market segmentation & scope
Polymers
Natural
Ceramics
Metallic
Sensors
Stents
Guidewires
Implantable Cardiac Defibrillators
Pacemakers
Vascualr Grafts
Others
Synthetic Corneas
Itraocular Lens
Contact Lens
Ocular Tissue Replacement
Others
Tissue Regeneration Materials
Dental Implants
Bone Grafts & Substitutes
Dental Membranes
Others
Joint Replacement Biomaterials
Orthobiologics
Bioresorbable Tissue Fixation Products
Viscosupplementation
Spine Biomaterials
Others
Fracture Healing Device
Adhesion Barrier
Skin Substitutes
Internal Tissue Sealant
Surgical Hemostats
Others
Tissue Engineering
Facial Wrinkle Treatment
Soft Tissue Fillers
Craniofacial Surgery
Bioengineered Skins
Peripheral Nerve Repair
Acellular Dermal Matrices
Others
Neural Stem Cell Encapsulation
Shunting Systems
Hydrogel Scaffold For CNS Repair
Cortical Neural Prosthetics
Others
Others

Biomaterials Market Companies

Name Profile # Employees HQ Website

Latin America biomaterials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biomaterials market will help companies and investors design strategic landscapes.


Metallic was the largest segment with a revenue share of 40.02% in 2023. Horizon Databook has segmented the Latin America biomaterials market based on polymers, natural, ceramics, metallic covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biomaterials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America biomaterials market size, by country, 2018-2030 (US$M)

Latin America Biomaterials Market Outlook Share, 2023 & 2030 (US$M)

Latin America biomaterials market size, by country, 2018-2030 (US$M)

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