Latin America Multiparameter Patient Monitoring Systems Market Size & Outlook
Latin America multiparameter patient monitoring systems market, 2018-2030 (US$M)
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Latin America multiparameter patient monitoring systems market highlights
- The Latin America multiparameter patient monitoring systems market generated a revenue of USD 1,193.5 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, portable was the largest revenue generating product in 2023.
- Portable 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,193.5 million |
| Market revenue in 2030 | USD 1,637.7 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Portable |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable, Fixed |
| Key market players worldwide | Spacelabs Healthcare, Koninklijke Philips NV, ICU Medical Inc, GE HealthCare Technologies Inc Common Stock, Draegerwerk AG & Co KGaA, Medtronic PLC, Masimo Corp, SCHILLER, shenzhen mindray automation equipment co., SternMed, Skanray Technologies |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.8% of the global multiparameter patient monitoring systems market in 2023.
- 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 3,623.4 million by 2030.
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Multiparameter Patient Monitoring Systems Market Scope
Multiparameter Patient Monitoring Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America multiparameter patient monitoring systems 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 multiparameter patient monitoring systems market will help companies and investors design strategic landscapes.
Portable was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the Latin America multiparameter patient monitoring systems market based on portable, fixed covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Latin America is expected to exhibit lucrative growth over the forecast period. Increasing geriatric population and growing prevalence of chronic diseases due to changing lifestyle are among key factors boosting the market.
A significant percentage of the elderly population suffers from mobility disorders, which is anticipated to create high demand for products.
Government regulations encouraging the commercialization of medical devices in the country are also anticipated to contribute to market expansion. For example, most Latin American countries only require FDA or CE mark approval for marketing approvals.
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Our clientele includes a mix of multiparameter patient monitoring systems 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 multiparameter patient monitoring systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America multiparameter patient monitoring systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America multiparameter patient monitoring systems market size, by country, 2018-2030 (US$M)
Latin America Multiparameter Patient Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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