Latin America Electrophysiology Devices Market Size & Outlook
Latin America electrophysiology devices market, 2018-2030 (US$M)
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Latin America electrophysiology devices market highlights
- The Latin America electrophysiology devices market generated a revenue of USD 395.2 million in 2023.
- The market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, ablation catheters was the largest revenue generating device in 2023.
- Ablation Catheters is the most lucrative device 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 395.2 million |
| Market revenue in 2030 | USD 878.1 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Ablation catheters |
| Fastest growing segment | Ablation Catheters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Catheters, Laboratory Devices, Access Devices, Ablation Catheters |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Abbott Laboratories, Johnson & Johnson, BIOTRONIK, GE Aerospace, Siemens Healthineers AG ADR, MicroPort Scientific Corp, Koninklijke Philips NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global electrophysiology 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 5,689.6 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America electrophysiology 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 electrophysiology devices market will help companies and investors design strategic landscapes.
Ablation catheters was the largest segment with a revenue share of 47.55% in 2024. Horizon Databook has segmented the Latin America electrophysiology devices market based on diagnostic catheters, laboratory devices, access devices, ablation catheters covering the revenue growth of each sub-segment from 2018 to 2030.
A study published in the European Heart Journal in August 2022 provided insights into the incidence and mortality rates of CVD across various countries in Latin America. The study revealed variations in the incidence and mortality rates, with different countries experiencing different levels of CVD burden.
Brazil had the highest incidence of CVD (3.86 per 1000 person-years), indicating a significant disease prevalence. On the other hand, Argentina had the lowest incidence (3.07 per 1000 person-years). Regarding mortality rates, Argentina had the highest rate (5.98 per 1000 person-years), while Chile had the lowest rate (4.07 per 1000 person-years).
Furthermore, the study highlighted that men had a higher incidence and mortality rate of CVD than women, accounting for 4.48 per 1,000 person per years and 6.33 per 1,000 person years, respectively. However, the incidence in women was 2.60 per 1,000 person years and mortality was 3.96 per 1000 person-years.
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Our clientele includes a mix of electrophysiology 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 electrophysiology devices market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America electrophysiology devices market size, by country, 2018-2030 (US$M)
Latin America Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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