Latin America Clot Management Devices Market Size & Outlook
Latin America clot management devices market, 2018-2030 (US$M)
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Latin America clot management devices market highlights
- The Latin America clot management devices market generated a revenue of USD 77.9 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, percutaneous thrombectomy devices was the largest revenue generating product in 2023.
- Neurovascular Embolectomy Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 77.9 million |
| Market revenue in 2030 | USD 115.8 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Percutaneous thrombectomy devices |
| Fastest growing segment | Neurovascular Embolectomy Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurovascular Embolectomy Devices, Embolectomy Balloon Catheters, Percutaneous Thrombectomy Devices, Catheter-directed thrombolysis (CDT) devices, Inferior vena cava filters (IVCF) |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, Teleflex Inc, Edwards Lifesciences Corp, LeMaitre Vascular Inc, Cook Medical, DePuy Synthes, iVascular, Vascular Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global clot management 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 303.9 million by 2030.
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Clot Management Devices Market Scope
Clot Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America clot management 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 clot management devices market will help companies and investors design strategic landscapes.
Percutaneous thrombectomy devices was the largest segment with a revenue share of 36.07% in 2023. Horizon Databook has segmented the Latin America clot management devices market based on neurovascular embolectomy devices, embolectomy balloon catheters, percutaneous thrombectomy devices, catheter-directed thrombolysis (cdt) devices, inferior vena cava filters (ivcf) covering the revenue growth of each sub-segment from 2018 to 2030.
The region’s economy is majorly driven by Brazil. Based on EIU estimates in 2018, healthcare spending was around 7.6% of GDP, which was third in terms of healthcare spending after North America and Western Europe. Moreover, as per Inter-American Development Bank, current healthcare expenditure is projected to grow by 3.2% between 2018 and 2050 in Latin American countries.
The growth can be attributed to various factors such as the growing geriatric population, the transition of the epidemiology of Noncommunicable Diseases (NCD), and technological development. Thus, favorable opportunities are projected to provide lucrative growth opportunities in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America clot management devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America clot management devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America clot management devices market size, by country, 2018-2030 (US$M)
Latin America Clot Management Devices Market Outlook Share, 2023 & 2030 (US$M)
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