Latin America Disposable Surgical Devices Market Size & Outlook
Latin America disposable surgical devices market, 2018-2030 (US$M)
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Latin America disposable surgical devices market highlights
- The Latin America disposable surgical devices market generated a revenue of USD 694.1 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical 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 694.1 million |
| Market revenue in 2030 | USD 1,231.8 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | B. Braun Medical, B. Braun, Smith & Nephew PLC, Aspen Pharmacare Holdings Ltd, Alcon Inc, Zimmer Biomet Holdings Inc, Medtronic PLC, Becton Dickinson & Co, Johnson & Johnson, The Cooper Companies Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.9% of the global disposable surgical devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,033.2 million by 2030.
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Disposable Surgical Devices Market Scope
Disposable Surgical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America disposable surgical 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 disposable surgical devices market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.25% in 2023. Horizon Databook has segmented the Latin America disposable surgical devices market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing procedural volume of cosmetic/plastic surgery, aging population, increasing incidence of surgical site infection, healthcare reform programs, and long wait time for surgeries are factors anticipated to drive the Latin American surgical devices market over the forecast period.
According to the Ministry of Health report, it is estimated that around 18,000 people die annually in Chile waiting for medical care. According to OECD 2016 statistics, the mean wait time for hip replacement surgery in Chile is 400 days.
Disposable surgical devices are single-use instruments that are prepackaged and sterilized before the procedure. Thereby, the turnover time is reduced minimizing surgical delays and decreasing wait times for patients.
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Our clientele includes a mix of disposable surgical 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 disposable surgical devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America disposable surgical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America disposable surgical devices market size, by country, 2018-2030 (US$M)
Latin America Disposable Surgical Devices Market Outlook Share, 2023 & 2030 (US$M)
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