Latin America Hand-held Surgical Instruments Market Size & Outlook
Latin America hand-held surgical instruments market, 2018-2030 (US$M)
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Latin America hand-held surgical instruments market highlights
- The Latin America hand-held surgical instruments market generated a revenue of USD 365.0 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, trocars was the largest revenue generating product in 2023.
- Retractors 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 365.0 million |
| Market revenue in 2030 | USD 636.9 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Trocars |
| Fastest growing segment | Retractors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Forceps, Retractors, Dilators, Graspers, Scalpels, Cannulas, Dermatomes, Trocars |
| Key market players worldwide | Zimmer Biomet Holdings Inc, B. Braun Medical, Integra Lifesciences Holdings Corp, Medtronic PLC, Smith & Nephew PLC, Johnson & Johnson, Becton Dickinson & Co, CooperSurgical, Thompson Surgical Instruments, Aspen Group Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global hand-held surgical instruments 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 2,484.5 million by 2030.
Trocars was the largest segment with a revenue share of 23.01% in 2024. Horizon Databook has segmented the Latin America hand-held surgical instruments market based on forceps, retractors, dilators, graspers, scalpels, cannulas, dermatomes, trocars covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American handheld surgical equipment market consists of Brazil, Mexico, and other Latin American countries. Latin America handheld surgical instruments market is anticipated to grow at a GAGR of 8.3% during the forecast period owing to rapidly developing economies and improving healthcare infrastructure in this region.
A number of key companies are focusing on geographic expansion in Latin America due to the huge market potential in this region. This region is also witnessing a huge growth in medical tourism, which is accelerating advancements in the medical industry.
Sports such as football or soccer are popular in Latin America, leading to majority of soft tissue injuries. In Brazil, 104 injuries were reported during the 2014 FIFA World Cup. Such sports injuries are anticipated to increase the number of orthopedic surgeries, leading to a rise in the demand for various surgical tools in the region.
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Hand-held Surgical Instruments Market Scope
Hand-held Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America hand-held surgical instruments market size, by country, 2018-2030 (US$M)
Latin America Hand-held Surgical Instruments Market Outlook Share, 2024 & 2030 (US$M)
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