Latin America Medical Adhesives Market Size & Outlook
Latin America medical adhesives market, 2018-2030 (US$M)
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Latin America medical adhesives market highlights
- The Latin America medical adhesives market generated a revenue of USD 2,097.5 million in 2022.
- The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Reactive & Others is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,097.5 million |
| Market revenue in 2030 | USD 5,392.2 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Reactive & Others |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Baxter International Inc, Becton Dickinson & Co, Dentsply Sirona Inc, 3M Co, Arkema SA, H.B. Fuller Co, Henkel AG & Co KGaA, Avery Dennison Corp, DuPont de Nemours Inc, Ashland Inc, Cohera Medical, Chemence Medical, Heartland Adhesives |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.7% of the global medical adhesives 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 11,943.7 million by 2030.
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Medical Adhesives Market Scope
Medical Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical adhesives 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 medical adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 83.6% in 2022. Horizon Databook has segmented the Latin America medical adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP of South America was estimated at USD 3.60 trillion and is predicted to reach approximately USD 4.39 trillion in 2023. After a three year contraction, the South American economy is expected to bounce back, following the recovery in private consumption in 2017.
The healthcare spending is also estimated to increase, following the resurgence of the region’s economy. The demographic shifts, the rise of obesity and non-communicable diseases, expansion of hospitals and surge of medical devices demand from smaller markets such as Chile, Peru, Guatemela, and Costa Rica, are the key factors influencing the medical adhesives market in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Medical Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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