Colombia Minimally Invasive Surgical Instruments Market Size & Outlook
Colombia minimally invasive surgical instruments market, 2018-2030 (US$M)
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Colombia minimally invasive surgical instruments market highlights
- The Colombia minimally invasive surgical instruments market generated a revenue of USD 421.1 million in 2023 and is expected to reach USD 854.4 million by 2030.
- The Colombia market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, handheld instruments was the largest revenue generating type in 2023.
- Electrosurgical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Minimally invasive surgical instruments market data book summary
| Market revenue in 2023 | USD 421.1 million |
| Market revenue in 2030 | USD 854.4 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices |
| Key market players worldwide | Medtronic PLC, Siemens Healthineers AG ADR, Johnson & Johnson, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, Colombia accounted for 1.3% of the global minimally invasive surgical instruments market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil minimally invasive surgical instruments market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,924.7 million by 2030.
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Minimally Invasive Surgical Instruments Market Scope
Minimally Invasive Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia minimally invasive surgical instruments 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 minimally invasive surgical instruments market will help companies and investors design strategic landscapes.
Handheld instruments was the largest segment with a revenue share of 21.87% in 2023. Horizon Databook has segmented the Colombia minimally invasive surgical instruments market based on handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, monitoring & visualization devices covering the revenue growth of each sub-segment from 2018 to 2030.
According to the WHO, healthcare spending in Colombia was 7.3% of its GDP in 2019. Improving healthcare infrastructure in the country is anticipated to propel market growth.
The out-of-pocket healthcare expenses account for approximately 14.4%, which is one of the lowest values among Latin American countries. The Pan American Health Organization (PAHO) recognized Colombia for having competent and performant regulatory agencies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia minimally invasive surgical instruments market , including forecasts for subscribers. This country databook contains high-level insights into Colombia minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia minimally invasive surgical instruments market size, by type, 2018-2030 (US$M)
Colombia Minimally Invasive Surgical Instruments Market Outlook Share, 2023 & 2030 (US$M)
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