Latin America Neurothrombectomy Devices Market Size & Outlook
Latin America neurothrombectomy devices market, 2018-2030 (US$M)
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Latin America neurothrombectomy devices market highlights
- The Latin America neurothrombectomy devices market generated a revenue of USD 75.0 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, clot retrievers was the largest revenue generating product in 2023.
- Aspiration/Suction Devices 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 75.0 million |
| Market revenue in 2030 | USD 107.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Clot retrievers |
| Fastest growing segment | Aspiration/Suction Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clot Retrievers, Aspiration/Suction Devices, Vascular Snares |
| Key market players worldwide | Medtronic PLC, Acandis GmbH, Stryker Corp, Penumbra Inc, Phenox, Vesalio |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.8% of the global neurothrombectomy devices market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 375.1 million by 2030.
Clot retrievers was the largest segment with a revenue share of 55.33% in 2023. Horizon Databook has segmented the Latin America neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
The neuro thrombectomy devices market in Latin America is anticipated to witness moderate growth rate over the forecast period. Increasing awareness about treatment of acute ischemic stroke and increasing healthcare expenditure in Latin America are primary factors expected to drive the market over the forecast period.
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 acute ischemic stroke in countries such as Mexico, Colombia, and Argentina is likely to impede the market growth in Latin America.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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Latin America neurothrombectomy devices market size, by country, 2018-2030 (US$M)
Latin America Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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