Latin America Guidewires Market Size & Outlook, 2023-2030
Latin America guidewires market, 2018-2030 (US$M)
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Latin America guidewires market highlights
- The Latin America guidewires market generated a revenue of USD 239.0 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Neurovascular guidewires is the most lucrative product 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 239.0 million |
| Market revenue in 2030 | USD 355.4 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.2% of the global guidewires 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 982.7 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America guidewires 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 guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 44.52% in 2023. Horizon Databook has segmented the Latin America guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American market comprises countries such as Brazil, Mexico, Argentina, Colombia, and Peru. According to WHO statistics, cardiovascular diseases are the major cause of deaths in this region. Increase in prevalence of cardiovascular diseases, along with growth in medical tourism, are key factors boosting the demand for guidewires used in various procedures, such as urological, neurological, and cardiovascular surgeries.
Although many countries such as Brazil have a universal healthcare system, lack of hospitals and healthcare practitioners restrains market growth. Colombia, being the second most populous country in the region, has a well-developed healthcare infrastructure.
More than 75% of the population is urbanized and has easy access to healthcare facilities. Increasing awareness about the latest technologies in faster developing economies provide lucrative growth opportunities for companies in the guidewire business.
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Our clientele includes a mix of guidewires 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 guidewires market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America guidewires market size, by country, 2018-2030 (US$M)
Latin America Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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