Latin America Medical Automation Market Size & Outlook

The medical automation market in Latin America is expected to reach a projected revenue of US$ 7,082.0 million by 2030. A compound annual growth rate of 8.6% is expected of Latin America medical automation market from 2024 to 2030.

Revenue, 2023 (US$M)
$3,979.7
Forecast, 2030 (US$M)
$7,082.0
CAGR, 2024 - 2030
8.6%
Report Coverage
Latin America

Latin America medical automation market highlights

  • The Latin America medical automation market generated a revenue of USD 3,979.7 million in 2023.
  • The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
  • In terms of segment, therapeutic automation market was the largest revenue generating application in 2023.
  • Laboratory and Pharmacy Automation Market is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 3,979.7 million
Market revenue in 2030USD 7,082.0 million
Growth rate8.6% (CAGR from 2023 to 2030)
Largest segmentTherapeutic automation market
Fastest growing segmentLaboratory and Pharmacy Automation Market
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationImaging Automation Market, Therapeutic Automation Market, Laboratory and Pharmacy Automation Market, Medical Software, Informatics, and Logistics Automation Market
Key market players worldwideAccuray Inc, Tecan Group AG, Medtronic PLC, Swisslog, GE HealthCare Technologies Inc Common Stock, Intuitive Surgical Inc, Stryker Corp, Siemens AG, Koninklijke Philips NV, Danaher Corp, Zimmer Biomet Holdings Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 8.3% of the global medical automation 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 19,801.2 million by 2030.

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Medical Automation Market Scope

Medical automation market segmentation & scope
Integrated Image Analysis software systems
iCT
iUltrasound
iMRI
C-arm system
Implantable Cardioverter Defibrillators
Automated External (Portable) Defibrillators
Wearable cardioverter defibrillators
Electronic Drug Delivery Systems
Surgical Robotic device
Intelligent Operating Rooms
Surgical Simulators
Total Automation
Modular Automation Systems
Pharmacy Automation
Software and Informatics
Logistics Automation
Hospitals & Diagnostic Centers
Research Laboratories & Institutes
Pharmacies
Others

Medical Automation Market Companies

Name Profile # Employees HQ Website

Latin America medical automation 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 automation market will help companies and investors design strategic landscapes.


Therapeutic automation market was the largest segment with a revenue share of 52.04% in 2023. Horizon Databook has segmented the Latin America medical automation market based on imaging automation market, therapeutic automation market, laboratory and pharmacy automation market, medical software, informatics, and logistics automation market covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical automation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America medical automation market size, by country, 2018-2030 (US$M)

Latin America Medical Automation Market Outlook Share, 2023 & 2030 (US$M)

Latin America medical automation market size, by country, 2018-2030 (US$M)

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