Market revenue in 2023 | USD 4,017.4 million |
Market revenue in 2030 | USD 8,044.7 million |
Growth rate | 10.4% (CAGR from 2023 to 2030) |
Largest segment | Handheld instruments |
Fastest growing segment | Electrosurgical Devices |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 22.46% in 2023. Horizon Databook has segmented the Latin America 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.
The market in Latin America is expected to exhibit 10.4% growth rate over the forecast period. An increase in the geriatric population and a rise in the prevalence of cardiovascular disorders are among the factors expected to drive the growth of the minimally invasive surgical instruments market in this region.
A rise in the demand for minimally invasive diagnostics and an increase in public-private partnerships are among the factors expected to further contribute to market growth. Increasing government spending, rising per capita healthcare spending, and various initiatives being undertaken by WHO and governments of Latin American countries are among factors expected to fuel market growth in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America minimally invasive surgical instruments market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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