Latin America Medical Devices Reimbursement Market Size & Outlook
Latin America medical devices reimbursement market, 2018-2030 (US$M)
Latin America medical devices reimbursement market highlights
- The Latin America medical devices reimbursement market generated a revenue of USD 30,494.3 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating payers in 2023.
- Public is the most lucrative payers segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 30,494.3 million |
| Market revenue in 2030 | USD 51,408.5 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Public |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Public |
| Key market players worldwide | Aviva PLC, CVS Health Corp, BNP Paribas Act. Cat.A, Allianz SE, Humana Inc, The Cigna Group, UnitedHealth Group Inc, Nippon Life Insurance Company of Japan, WellCare Health Plans, Elevance Health |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global medical devices reimbursement 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 218,486.1 million by 2030.
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Medical Devices Reimbursement Market Scope
Medical Devices Reimbursement Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America medical devices reimbursement 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 devices reimbursement market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America medical devices reimbursement market based on public covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America held a minor share of around 5.5% of global medical devices reimbursement market in 2020. However, the region is expected to exhibit considerable growth owing to its proximity to the U.S., which reduces monitoring costs associated with reimbursement services. Presence of medical devices reimbursement rise in investments in R&D research and increase in regulatory guidelines are among factors expected to drive the medical devices reimbursement market in the region.
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Target buyers of Latin America medical devices reimbursement market databook
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Our clientele includes a mix of medical devices reimbursement 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical devices reimbursement market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical devices reimbursement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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