Latin America Microcatheter Market Size & Outlook
Latin America microcatheter market, 2016-2027 (US$M)
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Latin America microcatheter market highlights
- The Latin America microcatheter market generated a revenue of USD 281.2 million in 2020.
- The market is expected to grow at a CAGR of 5% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 281.2 million |
| Market revenue in 2027 | USD 394.4 million |
| Growth rate | 5% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 15.2% of the global microcatheter market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 566.5 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America microcatheter 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 microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.12% in 2020. Horizon Databook has segmented the Latin America microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Increasing healthcare expenditure along with rising penetration of health insurance in most of the Latin American countries are providing ample growth opportunities to the players operating in the global market. Moreover, several health agreements are present between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina.
These agreements have increased awareness about new technologies in the neurology market that led to increased adoption of microcatheters. In addition, increasing healthcare expenditure in Brazil and gradual adoption of advanced healthcare facilities may positively impact the market growth.
However, lack of adequate skilled professionals & knowledge regarding proper treatment of heart related disorders and strokes in countries such as Mexico, Colombia, and Argentina is likely to impede the market growth in Latin America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America microcatheter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America microcatheter market size, by country, 2016-2027 (US$M)
Latin America Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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