Latin America Medical Device Validation & Verification Market Size & Outlook
Latin America medical device validation & verification market, 2018-2030 (US$M)
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Latin America medical device validation & verification market highlights
- The Latin America medical device validation & verification market generated a revenue of USD 44.3 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic area in 2023.
- Oncology is the most lucrative therapeutic area 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 2023 | USD 44.3 million |
| Market revenue in 2030 | USD 73.3 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | Oncology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiovascular, Dermatology, Orthopedics, Nephrology, Respiratory, Neurology, Oncology, ENT |
| Key market players worldwide | SGS AG, Intertek Group PLC, Element Materials Technology, NAMSA, Eurofins Scientific SE, Charles River Laboratories International Inc, Sterling Check Corp, Toxikon, Steris PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global medical device validation & verification 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 226.6 million by 2030.
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Medical Device Validation & Verification Market Scope
Medical Device Validation & Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America medical device validation & verification 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 device validation & verification market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 26.64% in 2023. Horizon Databook has segmented the Latin America medical device validation & verification market based on cardiovascular, dermatology, orthopedics, nephrology, respiratory, neurology, oncology, ent covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Medical Device Validation & Verification Therapeutic Area Outlook (Revenue, USD Million, 2018-2030)
- Cardiovascular
- Dermatology
- Orthopedics
- Nephrology
- Respiratory
- Neurology
- Oncology
- ENT
- Others
- Latin America Medical Device Validation & Verification Application Outlook (Revenue, USD Million, 2018-2030)
- Diagnostics
- Therapeutic
- Implants
- Active Implantable Medical Device
- Medical Implants
- Latin America Medical Device Validation & Verification Technology Outlook (Revenue, USD Million, 2018-2030)
- Mechanical testing
- Biological
- EMI/EMC
- Electrical safety testing
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Target buyers of Latin America medical device validation & verification market databook
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Our clientele includes a mix of medical device validation & verification market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical device validation & verification market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical device validation & verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America medical device validation & verification market size, by country, 2018-2030 (US$M)
Latin America Medical Device Validation & Verification Market Outlook Share, 2023 & 2030 (US$M)
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