Latin America Kyphoplasty Market Size & Outlook, 2022-2030
Latin America kyphoplasty market, 2018-2030 (US$M)
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Latin America kyphoplasty market highlights
- The Latin America kyphoplasty market generated a revenue of USD 21.4 million in 2022.
- The market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, bone access devices was the largest revenue generating product in 2022.
- Balloon Catheters 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 21.4 million |
| Market revenue in 2030 | USD 33.7 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Bone access devices |
| Fastest growing segment | Balloon Catheters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Balloon Catheters, Bone Access Devices, Cement Application Products, Instruments |
| Key market players worldwide | Stryker Corp, Medtronic PLC, Smith & Nephew PLC, MicroPort Scientific Corp, Johnson & Johnson, Halma PLC, CareFusion, Merit Medical Systems Inc, iMedicom, Seawon Meditech, Joline, G21, Joimax |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global kyphoplasty market in 2022.
- 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 148.1 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America kyphoplasty 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 kyphoplasty market will help companies and investors design strategic landscapes.
Bone access devices was the largest segment with a revenue share of 42.06% in 2022. Horizon Databook has segmented the Latin America kyphoplasty market based on balloon catheters, bone access devices, cement application products, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American region comprises Brazil, Mexico, and Argentina. Kyphoplasty market is expected to grow over the forecast period. An increase in geriatric population suffering from pain issues related to spine and joint displacement is further likely to augment market growth during the forecast period.
The growing incidence of road accidents resulted in joint displacement, which is anticipated to stimulate demand for kyphoplasty treatment. The sacroiliac joint is considered as a source of chronic low back pain in patients.
Key companies such as iMEDICOM provide balloon catheter spine augmentation system MEDINAUT-X which is used to insert bone cement in fractures of the spinal bone, and manual balloon catheter pump—MEDINAUT-X IBE-B00—a syringe that works smoothly to support and inflate balloon catheter. These factors contribute to market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America kyphoplasty market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America kyphoplasty market size, by country, 2018-2030 (US$M)
Latin America Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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