Latin America Health Sensors Market Size & Outlook
Latin America health sensors market, 2018-2030 (US$M)
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Latin America health sensors market highlights
- The Latin America health sensors market generated a revenue of USD 2,581.5 million in 2021.
- The market is expected to grow at a CAGR of 15.3% from 2022 to 2030.
- In terms of segment, wearable sensors was the largest revenue generating product in 2021.
- Implantable/ingestible sensors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 2,581.5 million |
| Market revenue in 2030 | USD 9,270.2 million |
| Growth rate | 15.3% (CAGR from 2021 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand held diagnostic sensors, Wearable sensors, Implantable/ingestible sensors |
| Key market players worldwide | Analog Devices Inc, Danaher Corp, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Medtronic PLC, Smiths Group PLC, Koninklijke Philips NV, Stryker Corp, Abbott Laboratories, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global health sensors market in 2021.
- 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 43,075.7 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America health sensors 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 health sensors market will help companies and investors design strategic landscapes.
Wearable sensors was the largest segment with a revenue share of 40.95% in 2021. Horizon Databook has segmented the Latin America health sensors market based on hand held diagnostic sensors, wearable sensors, implantable/ingestible sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid advancements in the electronics sector, which have resulted in device shrinking and manufacturers' approach to the development of innovative tiny portable products that aid in emergencies, are another factor expected to drive market expansion.
Furthermore, the expanding geriatric population is having a significant impact on the LATAM healthcare sensors industry. The elderly is more vulnerable to many chronic conditions, such as cancer, diabetes, and other cardiovascular ailments, necessitating the use of devices for monitoring.
Furthermore, the need to maintain average healthcare expenditures is one of the fundamental drivers of industry expansion. Other factors that contribute to the growth of the Latin America healthcare sensors market include rising healthcare spending, improved healthcare expenditure, and the availability of modern healthcare infrastructure in emerging countries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America health sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America health sensors market size, by country, 2018-2030 (US$M)
Latin America Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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