Latin America Medical Textile Market Size & Outlook
Latin America medical textile market, 2017-2028 (US$M)
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Latin America medical textile market highlights
- The Latin America medical textile market generated a revenue of USD 1,072.4 million in 2019.
- The market is expected to grow at a CAGR of 2.4% from 2020 to 2028.
- In terms of segment, implantable goods was the largest revenue generating application in 2019.
- Implantable Goods is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2020 to 2028.
Latin America data book summary
| Market revenue in 2019 | USD 1,072.4 million |
| Market revenue in 2028 | USD 1,333.4 million |
| Growth rate | 2.4% (CAGR from 2019 to 2028) |
| Largest segment | Implantable goods |
| Fastest growing segment | Implantable Goods |
| Historical data covered | 2017 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Implantable Goods, Non-implantable Goods, Healthcare & Hygiene Products |
| Key market players worldwide | Anterix Inc, Freudenberg, Trelleborg AB ADR, Indorama Ventures PCL ADR, Fitesa, Schouw & Co., Kimberly-Clark Corp, Partners Group Holding AG, Bally Ribbon Mills, Herculite Products Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global medical textile market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,951.3 million by 2028.
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Medical Textile Market Scope
Medical Textile Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America medical textile 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 textile market will help companies and investors design strategic landscapes.
Implantable goods was the largest segment with a revenue share of 34.32% in 2019. Horizon Databook has segmented the Latin America medical textile market based on implantable goods, non-implantable goods, healthcare & hygiene products covering the revenue growth of each sub-segment from 2017 to 2028.
Rise in the cosmetic surgeries industry in countries such as Brazil, Argentina, and Colombia is expected to drive the growth of medical textiles market in Central & South America regions due to high usage of textile based implantable goods and non-implantable goods in the industry. The increase in PPE production in Brazil in wake of the COVID pandemic is expected to further benefit the growth of medical textiles market.
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Target buyers of Latin America medical textile market databook
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Our clientele includes a mix of medical textile 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 textile market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical textile market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America medical textile market size, by country, 2017-2028 (US$M)
Latin America Medical Textile Market Outlook Share, 2019 & 2028 (US$M)
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