Latin America Medical Polyetheretherketone Market Size & Outlook
Latin America medical polyetheretherketone market, 2019-2030 (US$M)
Related Markets
Latin America medical polyetheretherketone market highlights
- The Latin America medical polyetheretherketone market generated a revenue of USD 31.1 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, orthopedic was the largest revenue generating application in 2023.
- Cardiovascular is the most lucrative application 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 31.1 million |
| Market revenue in 2030 | USD 47.4 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Orthopedic |
| Fastest growing segment | Cardiovascular |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trauma Fixation, Cardiovascular, Orthopedic, Dental Implants & Fixtures |
| Key market players worldwide | Superior Industries International Inc, Evonik Industries AG, Invibio, Solvay SA, Medtronic PLC, Victrex PLC, PetroChina Co Ltd Class H |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.2% of the global medical polyetheretherketone 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 273.8 million by 2030.
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Medical Polyetheretherketone Market Scope
Medical Polyetheretherketone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical polyetheretherketone 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 polyetheretherketone market will help companies and investors design strategic landscapes.
Orthopedic was the largest segment with a revenue share of 56.27% in 2023. Horizon Databook has segmented the Latin America medical polyetheretherketone market based on trauma fixation, cardiovascular, orthopedic, dental implants & fixtures covering the revenue growth of each sub-segment from 2019 to 2030.
The healthcare industry in Central & South America has witnessed slow growth over the past few years owing to reduced healthcare spending in key countries such as Brazil and Colombia. Ongoing political instability, declining consumer confidence, and tightening monetary policy have adversely impacted the economy of Brazil, affecting its healthcare sector.
As a result, medical polyetheretherketone (PEEK) market in Central & South America is expected to witness moderate growth over the forecast period. Healthcare spending is expected to rise gradually across Central & South America in the coming years.
The governments of different countries in the region are undertaking several initiatives to improve their public healthcare systems amid budget constraints.
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Our clientele includes a mix of medical polyetheretherketone market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical polyetheretherketone market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical polyetheretherketone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical polyetheretherketone market size, by country, 2019-2030 (US$M)
Latin America Medical Polyetheretherketone Market Outlook Share, 2023 & 2030 (US$M)
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