Latin America Intracranial Pressure Monitoring Devices Market Size & Outlook
Latin America intracranial pressure monitoring devices market, 2018-2030 (US$M)
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Latin America intracranial pressure monitoring devices market highlights
- The Latin America intracranial pressure monitoring devices market generated a revenue of USD 106.9 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, invasive was the largest revenue generating technique in 2023.
- Non-invasive is the most lucrative technique 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 106.9 million |
| Market revenue in 2030 | USD 189.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Invasive |
| Fastest growing segment | Non-invasive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Invasive, Non-invasive |
| Key market players worldwide | Medtronic PLC, Integra LifeSciences, Raumedic AG, Sophysa, Spiegelberg, Natus Medical, NovaSignal |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global intracranial pressure monitoring devices 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 862.1 million by 2030.
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Intracranial Pressure Monitoring Devices Market Scope
Intracranial Pressure Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America intracranial pressure monitoring 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 intracranial pressure monitoring devices market will help companies and investors design strategic landscapes.
Invasive was the largest segment with a revenue share of 81.57% in 2023. Horizon Databook has segmented the Latin America intracranial pressure monitoring devices market based on invasive, non-invasive covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare expenditure and improving penetration of healthcare insurance in most Latin American countries are likely to provide ample growth opportunities to players operating in the global market. For instance, according to WHO, in 2016, Brazil’s healthcare expenditure as a proportion of GDP was 8.5%, Argentina’s expenditure accounted for 4.2%, Mexico was at 6.5%, and Chile’s was at 8.3%.
According to WHO’s Global Health Expenditure database, in 2018, Latin American and Caribbean healthcare spending was 7.97% of GDP. The availability of advanced treatment options at low cost is making the region a preferred destination for medical tourism.
In addition, governments of Latin American countries are consistently involved in improving healthcare infrastructure. Moreover, several health agreements are present between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina.
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Our clientele includes a mix of intracranial pressure monitoring devices 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 intracranial pressure monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America intracranial pressure monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America intracranial pressure monitoring devices market size, by country, 2018-2030 (US$M)
Latin America Intracranial Pressure Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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