Latin America Ent Devices Market Size & Outlook, 2023-2030
Latin America ent devices market, 2018-2030 (US$M)
Related Markets
Latin America ent devices market highlights
- The Latin America ent devices market generated a revenue of USD 1,321.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, diagnostic ent devices was the largest revenue generating product in 2023.
- Diagnostic ENT Devices is the most lucrative product 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 1,321.8 million |
| Market revenue in 2030 | USD 2,011.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ent devices |
| Fastest growing segment | Diagnostic ENT 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 ENT Devices, Surgical ENT Devices, Hearing Aids, Hearing Implants, Nasal Splints |
| Key market players worldwide | Ambu A/S ADR, Cochlear Ltd, Demant A/S, GN Store Nord A/S, Olympus Corp, RION Co Ltd, Smith & Nephew PLC, Sonova Holding AG, Stryker Corp, Karl Storz, Pentax Medical, Richard Wolf, Starkey, Omnicom Group Inc, NICO, Nemera |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global ent devices market in 2023.
- Globally, Europe 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 9,266.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
ENT Devices Market Scope
ENT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ent 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 ent devices market will help companies and investors design strategic landscapes.
Diagnostic ent devices was the largest segment with a revenue share of 72.35% in 2023. Horizon Databook has segmented the Latin America ent devices market based on diagnostic ent devices, surgical ent devices, hearing aids, hearing implants, nasal splints covering the revenue growth of each sub-segment from 2018 to 2030.
Growing investments by market players in the region, proximity to North America, free-trade agreements with major countries, such as the U.S., Canada, Japan, and other European countries, are factors anticipated to boost the Latin America market during the forecast period.
Supportive government regulations to commercialize medical devices in the country are expected to impel market growth. For instance, most of the Latin American countries only require U.S. FDA or CEmark approval for filing of marketing approvals. Increasing investment by key market players in this region and the presence of a large target population, as well as well-equipped hospitals in the country, are expected to drive the market in Brazil.
However, low affordability of advanced technologies by hospitals and low awareness among patients about early diagnosis of ENT-related diseases may hinder the market growth in Latin America. For instance, Sonovo ‘s audiological Care and cochlear implants business in Brazil was offset by the discontinuation of distribution of certain non-Sonova products in the country.
Reasons to subscribe to Latin America ent devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America ent devices market databook
-
Our clientele includes a mix of ent 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.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ent devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ent devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America ent devices market size, by country, 2018-2030 (US$M)
Latin America ENT Devices Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
