Latin America Flow Diverters Market Size & Outlook
Latin America flow diverters market, 2018-2030 (US$M)
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Latin America flow diverters market highlights
- The Latin America flow diverters market generated a revenue of USD 25.3 million in 2023.
- The market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm 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 25.3 million |
| Market revenue in 2030 | USD 53.7 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.3% of the global flow diverters 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 162.1 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America flow diverters 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 flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 65.22% in 2023. Horizon Databook has segmented the Latin America flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America region’s economy is majorly driven by Brazil. The healthcare spending of this region is reported to be around 3.2% of GDP, which is third in terms of healthcare spending after North America and Western Europe.
These countries have strong research relations with China and Europe. Furthermore, increasing private & government investment in R&D in healthcare and favorable reimbursement policies on medical devices are some of the factors expected to drive the demand for technologically improved equipment, thereby boosting the demand for flow diverters in hospitals.
Initiatives such as the eHealth initiative taken by the Pan American Health Organization and the World Health Organization in Latin America to improve people's health are said to support market growth further.
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Our clientele includes a mix of flow diverters market companies, investment firms, advisory firms & academic institutions.
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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 flow diverters market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America flow diverters market size, by country, 2018-2030 (US$M)
Latin America Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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