Latin America Bone Grafts And Substitutes Market Size & Outlook
Latin America bone grafts and substitutes market, 2017-2030 (US$M)
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Latin America bone grafts and substitutes market highlights
- The Latin America bone grafts and substitutes market generated a revenue of USD 135.7 million in 2022.
- The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, allograft was the largest revenue generating material type in 2022.
- Synthetic is the most lucrative material type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 135.7 million |
| Market revenue in 2030 | USD 227.9 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Allograft |
| Fastest growing segment | Synthetic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Allograft, Synthetic |
| Key market players worldwide | DePuy Synthes, Baxter International Inc, NuVasive, Smith & Nephew PLC, Medtronic PLC, Orthofix Medical Inc, Zimmer Biomet Holdings Inc, Geistlich Pharma, Stryker Corp, AlloSource, TBF, OST Laboratoires, Biobank |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global bone grafts and substitutes market in 2022.
- 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 1,057.5 million by 2030.
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Bone Grafts And Substitutes Market Scope
Bone Grafts And Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America bone grafts and substitutes 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 bone grafts and substitutes market will help companies and investors design strategic landscapes.
Allograft was the largest segment with a revenue share of 61.83% in 2022. Horizon Databook has segmented the Latin America bone grafts and substitutes market based on allograft, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Latin America bone grafts and substitutes market is anticipated to grow at a significant rate over the forecast period. Presence of rapidly developing economies such as Brazil and Mexico is primarily driving the market growth in Latin America.
Availability of advanced healthcare treatments in the region at cheaper costs as compared to North America and Europe is responsible for growing medical tourism industry. In addition, governments of respective countries are focusing on improving healthcare infrastructure in Latin America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bone grafts and substitutes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bone grafts and substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bone grafts and substitutes market size, by country, 2017-2030 (US$M)
Latin America Bone Grafts And Substitutes Market Outlook Share, 2022 & 2030 (US$M)
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