Latin America Diabetes Devices Market Size & Outlook
Latin America diabetes devices market, 2018-2030 (US$M)
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Latin America diabetes devices market highlights
- The Latin America diabetes devices market generated a revenue of USD 1,721.4 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, insulin delivery devices was the largest revenue generating type in 2023.
- Insulin Delivery Devices is the most lucrative type 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 1,721.4 million |
| Market revenue in 2030 | USD 2,872.0 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Roche Holding AG, Bayer AG, Johnson & Johnson, B. Braun, DexCom Inc, Insulet Corp, Ypsomed Holding AG, Sanofi SA, Novo Nordisk A/S ADR, Arkray |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global diabetes 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 11,876.5 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America diabetes 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 diabetes devices market will help companies and investors design strategic landscapes.
Insulin delivery devices was the largest segment with a revenue share of 54.19% in 2023. Horizon Databook has segmented the Latin America diabetes devices market based on blood glucose monitoring (bgm) devices, insulin delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America diabetes devices market is primarily driven by Brazil, Mexico, Argentina, and Colombia. Growing investments by market players in the region, proximity to North America, and free-trade agreements with major countries such as the U.S., Canada, Japan, & several European countries are among the factors anticipated to boost the Latin America market during the forecast period.
Latin America consists of countries that have large populations, and the majority of these countries are in economic transition. This region has a younger age distribution in comparison to North America and a growing population has been diagnosed with type I and type II diabetes.
In 2021, mortality rates due to diabetes in the region were 410,000 in the region. Increasing awareness in the region about the disease has led to a substantial number of diagnosed numbers escalating the demand for glucose monitoring devices. Major investments by key market players in the emerging economy and presence of a large target population are factors expected to drive market growth.
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Our clientele includes a mix of diabetes devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America diabetes devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America diabetes devices market size, by country, 2018-2030 (US$M)
Latin America Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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