Latin America Dermatology Devices Market Size & Outlook
Latin America dermatology devices market, 2018-2030 (US$M)
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Latin America dermatology devices market highlights
- The Latin America dermatology devices market generated a revenue of USD 1,101.5 million in 2023.
- The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, treatment devices was the largest revenue generating product in 2023.
- Treatment 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 1,101.5 million |
| Market revenue in 2030 | USD 2,096.9 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Treatment devices |
| Fastest growing segment | Treatment devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic devices, Treatment devices |
| Key market players worldwide | Fosun International Ltd, Bausch Health Companies Inc, Cutera Inc, Ambicare Health |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global dermatology 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 7,932.1 million by 2030.
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Dermatology Devices Market Scope
Dermatology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America dermatology 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 dermatology devices market will help companies and investors design strategic landscapes.
Treatment devices was the largest segment with a revenue share of 79.98% in 2023. Horizon Databook has segmented the Latin America dermatology devices market based on diagnostic devices, treatment devices covering the revenue growth of each sub-segment from 2018 to 2030.
Majority of the countries in this region are developing nations that are experiencing technological advancements and groundbreaking research at a rapid pace. This region has witnessed a huge surge in medical tourism, which is accelerating the development of the medical industry.
Latin American region includes Brazil, Mexico, and other Latin American countries. Presence of untapped opportunities in emerging countries such as Brazil and Mexico is also expected to propel growth of dermatology devices market during the forecast period.
These countries are being preferred for medical tourism due to the availability of advanced healthcare treatments at lower cost (30% to 70% discount) as compared to North America and Europe.
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Our clientele includes a mix of dermatology 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 dermatology devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America dermatology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America dermatology devices market size, by country, 2018-2030 (US$M)
Latin America Dermatology Devices Market Outlook Share, 2023 & 2030 (US$M)
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