Latin America Laparoscopic Devices Market Size & Outlook
Latin America laparoscopic devices market, 2018-2030 (US$M)
Related Markets
Latin America laparoscopic devices market highlights
- The Latin America laparoscopic devices market generated a revenue of USD 871.1 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product 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 871.1 million |
| Market revenue in 2030 | USD 1,461.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.3% of the global laparoscopic 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 2,685.1 million by 2030.
Energy systems was the largest segment with a revenue share of 23.71% in 2023. Horizon Databook has segmented the Latin America laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Key regions in the Latin American market are Brazil, Mexico, and Argentina. The market is anticipated to grow at a 6.98% rate during the forecast period. Geographical proximity to the U.S., increasing medical tourism from North America due to affordable healthcare facilities, increasing prevalence of chronic diseases, and growing availability of new technologies are some of the major factors impelling regional market growth.
Geriatric population is more susceptible to diseases such as colon cancer, rectum cancer, and bladder cancer. Thus, increasing incidence of chronic diseases, growing geriatric population, and rising investments in R&D by key market players are expected to drive market growth in this region.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America laparoscopic devices market size, by country, 2018-2030 (US$M)
Latin America Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
