Latin America Bronchial Biopsy Devices Market Size & Outlook
Latin America bronchial biopsy devices market, 2018-2030 (US$M)
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Latin America bronchial biopsy devices market highlights
- The Latin America bronchial biopsy devices market generated a revenue of USD 23.2 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, transbronchial needle aspiration (tbna) needles was the largest revenue generating product in 2023.
- Transbronchial Needle Aspiration (TBNA) Needles is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 23.2 million |
| Market revenue in 2030 | USD 37.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Transbronchial needle aspiration (tbna) needles |
| Fastest growing segment | Transbronchial Needle Aspiration (TBNA) Needles |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biopsy Forceps, Transbronchial Needle Aspiration (TBNA) Needles, Cytology Brushes |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Conmed Corp, Medtronic PLC, Becton Dickinson & Co, Hobbs Medical, Cook Medical, Telemed Systems, Argon Medical Devices, Horizons International |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global bronchial biopsy devices 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 317.6 million by 2030.
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Bronchial Biopsy Devices Market Scope
Bronchial Biopsy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America bronchial biopsy devices 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 bronchial biopsy devices market will help companies and investors design strategic landscapes.
Transbronchial needle aspiration (tbna) needles was the largest segment with a revenue share of 59.05% in 2024. Horizon Databook has segmented the Latin America bronchial biopsy devices market based on biopsy forceps, transbronchial needle aspiration (tbna) needles, cytology brushes covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of bronchial biopsy devices in Latin America is driven by the increasing prevalence of respiratory diseases, technological innovations, and growing awareness of the benefits of early diagnosis. According to a study published in July 2022 by NCBI, COPD is prevalent in Latin America, with a prevalence of 8.9% in the general population over the age of 35.
Moreover, there is a growing adoption of EBUS, which allows for real-time imaging and precise biopsy of lymph nodes & other structures within the bronchial system. This technology improves diagnostic accuracy and is becoming more prevalent in major Latin American hospitals.
In addition, several Latin American countries are developing & expanding lung cancer screening programs that utilize advanced bronchial biopsy techniques to improve early detection and treatment outcomes. In addition, healthcare providers are increasingly collaborating with international medical technology companies.
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Our clientele includes a mix of bronchial biopsy devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bronchial biopsy devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bronchial biopsy devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bronchial biopsy devices market size, by country, 2018-2030 (US$M)
Latin America Bronchial Biopsy Devices Market Outlook Share, 2024 & 2030 (US$M)
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