Latin America Neonatal Critical Care Equipment Market Size & Outlook
Latin America neonatal critical care equipment market, 2018-2030 (US$M)
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Latin America neonatal critical care equipment market highlights
- The Latin America neonatal critical care equipment market generated a revenue of USD 315.5 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, other equipments was the largest revenue generating type in 2023.
- Phototherapy Equipment is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 315.5 million |
| Market revenue in 2030 | USD 548.8 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Other equipments |
| Fastest growing segment | Phototherapy Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoregulation Equipment, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Other Equipments |
| Key market players worldwide | Draegerwerk AG & Co KGaA, Cardinal Health Inc, Koninklijke Philips NV, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Vyaire Medical, BD, Fisher & Paykel Healthcare Corp Ltd, Masimo Corp, Phoenix Group Holdings PLC, Natus Medical, Utah Medical Products Inc, Ambu A/S ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.0% of the global neonatal critical care equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 231.2 million by 2030.
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Neonatal Critical Care Equipment Market Scope
Neonatal Critical Care Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America neonatal critical care equipment 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 neonatal critical care equipment market will help companies and investors design strategic landscapes.
Other equipments was the largest segment with a revenue share of 33.57% in 2023. Horizon Databook has segmented the Latin America neonatal critical care equipment market based on thermoregulation equipment, phototherapy equipment, respiratory devices, neonatal monitoring devices, other equipments covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil, Mexico, Argentina, and Colombia are expected to primarily drive the growth in Latin America neonatal care equipment market. Growing investments by market players in the region, proximity to North America, and free-trade agreements with major countries, such as the U.S., Canada, Japan, & several European countries, are factors anticipated to boost market growth in Latin America during the forecast period.
Supportive government regulations to commercialize medical equipment and devices in the region are expected to propel market growth. For instance, Latin American countries requires the U.S. FDA or CE mark approval to file marketing approvals. However, hospitals’ low affordability of advanced technologies may hinder growth in Latin America.
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Our clientele includes a mix of neonatal critical care equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America neonatal critical care equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America neonatal critical care equipment market size, by country, 2018-2030 (US$M)
Latin America Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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