Latin America Craniomaxillofacial Devices Market Size & Outlook
Latin America craniomaxillofacial devices market, 2018-2030 (US$M)
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Latin America craniomaxillofacial devices market highlights
- The Latin America craniomaxillofacial devices market generated a revenue of USD 29.9 million in 2023.
- The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, cmf plate and screw fixation was the largest revenue generating product in 2023.
- CMF Distraction 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 2023 | USD 29.9 million |
| Market revenue in 2030 | USD 55.0 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Cmf plate and screw fixation |
| Fastest growing segment | CMF Distraction |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, Thoracic Fixation, Bone Graft Substitute, CMF Plate and Screw Fixation |
| Key market players worldwide | DePuy Synthes, Stryker Corp, Medtronic PLC, B. Braun, Renishaw PLC, Medartis Holding AG Ordinary Shares, KLS Martin Group, Xilloc, Zimmer Biomet Holdings Inc, Synimed |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.6% of the global craniomaxillofacial 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 234.6 million by 2030.
Cmf plate and screw fixation was the largest segment with a revenue share of 72.58% in 2023. Horizon Databook has segmented the Latin America craniomaxillofacial devices market based on cranial flap fixation, cmf distraction, temporomandibular joint replacement, thoracic fixation, bone graft substitute, cmf plate and screw fixation covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America includes Mexico, Brazil, and other countries. The market in Latin America, owing to the rapid economic development witnessed in Mexico, is expected to grow at a significant rate during the forecast period. Increasing number of road accidents is a major factor contributing to growth of the CMF devices market in this region.
The number of road accidents is higher in low-to-middle income countries due to lack of proper traffic infrastructure. According to a global report on urban safety and security, 18 fatalities per 10,000 vehicles are registered each year in the Latin American countries. Increasing healthcare expenditure and growing disposable income are expected to drive market growth in this region.
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Craniomaxillofacial Devices Market Scope
Craniomaxillofacial Devices Market Companies
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Latin America craniomaxillofacial devices market size, by country, 2018-2030 (US$M)
Latin America Craniomaxillofacial Devices Market Outlook Share, 2023 & 2030 (US$M)
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