Latin America Drug Delivery Devices Market Size & Outlook

The drug delivery devices market in Latin America is expected to reach a projected revenue of US$ 718.5 million by 2030. A compound annual growth rate of 7.6% is expected of Latin America drug delivery devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$429.1
Forecast, 2030 (US$M)
$718.5
CAGR, 2024 - 2030
7.6%
Report Coverage
Latin America

Latin America drug delivery devices market, 2018-2030 (US$M)

Latin

Latin America drug delivery devices market highlights

  • The Latin America drug delivery devices market generated a revenue of USD 429.1 million in 2023.
  • The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
  • In terms of segment, hollow was the largest revenue generating type in 2023.
  • Solid is the most lucrative type 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 2023USD 429.1 million
Market revenue in 2030USD 718.5 million
Growth rate7.6% (CAGR from 2023 to 2030)
Largest segmentHollow
Fastest growing segmentSolid
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHollow, Solid, Coated, Dissolving


Other key industry trends

  • In terms of revenue, Latin America region accounted for 7.5% of the global drug delivery 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 1,885.8 million by 2030.

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Drug Delivery Devices Market Companies

Name Profile # Employees HQ Website

Latin America drug delivery 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 drug delivery devices market will help companies and investors design strategic landscapes.


Hollow was the largest segment with a revenue share of 27.34% in 2023. Horizon Databook has segmented the Latin America drug delivery devices market based on hollow, solid, coated, dissolving covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America drug delivery devices market databook

  • Our clientele includes a mix of drug delivery devices market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 drug delivery devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America drug delivery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America microneedle drug delivery systems market size, by country, 2018-2030 (US$M)

Latin America Drug Delivery Devices Market Outlook Share, 2023 & 2030 (US$M)

Latin America microneedle drug delivery systems market size, by country, 2018-2030 (US$M)

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