Latin America Medical Tubing Market Size & Outlook
Latin America medical tubing market, 2018-2030 (US$M)
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Latin America medical tubing market highlights
- The Latin America medical tubing market generated a revenue of USD 677.5 million in 2022.
- The market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, polyvinyl chloride was the largest revenue generating product in 2022.
- Fluoropolymers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 677.5 million |
| Market revenue in 2030 | USD 1,127.0 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Polyvinyl chloride |
| Fastest growing segment | Fluoropolymers |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Polyolefins, Polyimide, Polyvinyl Chloride, Polycarbonates, Fluoropolymers, Other Products |
| Key market players worldwide | Asahi Group Holdings Ltd, MDC Industries, Nordson Corp, TE Connectivity Ltd, Freudenberg, Spectrum Plastics Group, Zarys International Group, Hitachi Cable America, NewAge Industries, Atag |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.5% of the global medical tubing market in 2022.
- 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 5,225.6 million by 2030.
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Medical Tubing Market Scope
Medical Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America medical tubing 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 tubing market will help companies and investors design strategic landscapes.
Polyvinyl chloride was the largest segment with a revenue share of 29.83% in 2022. Horizon Databook has segmented the Latin America medical tubing market based on silicone, polyolefins, polyimide, polyvinyl chloride, polycarbonates, fluoropolymers, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South American region is characterized by the presence of various developing countries such as Brazil, Chile, Argentina, Ecuador, and Colombia. The demand for medical tubing in Central & South America is mainly dominated by Brazil and Argentina.
The demand for healthcare services in the region is witnessing growth owing to several factors, including the aging population on account of longer life expectancy and lower birth rates coupled with rising instances of chronic diseases and expanding healthcare coverage.
In addition, public-private partnerships are increasing in the healthcare sector. Thus, improving healthcare infrastructure, coupled with the expanding healthcare industry, which is expected to benefit the growth of the medical tubing market in the region over the forecast period.
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Our clientele includes a mix of medical tubing 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 tubing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical tubing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical tubing market size, by country, 2018-2030 (US$M)
Latin America Medical Tubing Market Outlook Share, 2022 & 2030 (US$M)
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