Latin America Extracorporeal Co2 Removal Devices Market Size & Outlook
Latin America extracorporeal co2 removal devices market, 2017-2030 (US$M)
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Latin America extracorporeal co2 removal devices market highlights
- The Latin America extracorporeal co2 removal devices market generated a revenue of USD 5.8 million in 2022.
- The market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- In terms of segment, extracorporeal co2 machines was the largest revenue generating product in 2022.
- Other Products 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 5.8 million |
| Market revenue in 2030 | USD 8.6 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Extracorporeal co2 machines |
| Fastest growing segment | Other Products |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Extracorporeal CO2 machines, Disposables, Other Products |
| Key market players worldwide | Medtronic PLC, Getinge AB ADR, Fresenius Medical Care AG, LivaNova PLC, Aferetica, Estor |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global extracorporeal co2 removal devices market in 2022.
- 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 34.1 million by 2030.
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Extracorporeal CO2 Removal Devices Market Scope
Extracorporeal CO2 Removal Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America extracorporeal co2 removal 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 extracorporeal co2 removal devices market will help companies and investors design strategic landscapes.
Extracorporeal co2 machines was the largest segment with a revenue share of 53.45% in 2022. Horizon Databook has segmented the Latin America extracorporeal co2 removal devices market based on extracorporeal co2 machines, disposables, other products covering the revenue growth of each sub-segment from 2017 to 2030.
The healthcare spending in this region is reported to be around 7.6% of its GDP, which is third in terms of healthcare spending after North America and Western Europe. Growing health awareness and increasing demand for technologically upgraded medical devices for long-term care are among some key factors that are expected to boost market growth. These countries have vibrant research relations with China and Europe.
Furthermore, increasing private and government investment in R&D healthcare, growing prevalence of chronic disorders, such as respiratory failure, and favorable reimbursement policies on medical devices are some of the factors that are expected to drive the market. Initiatives, such as eHealth, undertaken by the Pan American health organization and WHO in Latin America to improve the health of people is said to further support the growth of ECCO2R devices market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America extracorporeal co2 removal devices market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America extracorporeal co2 removal devices market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America extracorporeal co2 removal devices market size, by country, 2017-2030 (US$M)
Latin America Extracorporeal CO2 Removal Devices Market Share, 2022 & 2030 (US$M)
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