Latin America Operating Room Integration Market Size & Outlook
Latin America operating room integration market, 2018-2030 (US$M)
Related Markets
Latin America operating room integration market highlights
- The Latin America operating room integration market generated a revenue of USD 117.0 million in 2023.
- The market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating components in 2023.
- Services is the most lucrative components 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 117.0 million |
| Market revenue in 2030 | USD 257.1 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Barco NV, Draegerwerk AG & Co KGaA, Steris PLC, Karl Storz, Olympus Corp, Arthrex, Stryker Corp, Getinge AB ADR, Alvotech, Skytron, Sony Group Corp, Richard Austin Alloys, Richard Wolf, FUJIFILM Holdings Corp, Hill-Rom, EIZO Corp, Meditech, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.1% of the global operating room integration market in 2023.
- Globally, North America 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 90.3 million by 2030.
Software was the largest segment with a revenue share of 53.76% in 2023. Horizon Databook has segmented the Latin America operating room integration market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Rising healthcare expenditure and increasing number of healthcare facilities in the region drives the market in Latin America. The market in the region is fostering due to high demand for minimally invasive procedures and rising prevalence of chronic disease in aging population that requires surgical intervention.
The upsurge in preference for minimally invasive surgeries in the region is attributed to higher rate of patient wellbeing in terms of surgical discomfort and reduction in duration of their hospital stays. This is expected to have a positive impact on market growth. On the other hand, rapid adoption of digital healthcare solutions in the region is driving the demand for advanced healthcare services.
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Operating Room Integration Market Scope
Operating Room Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America operating room integration market size, by country, 2018-2030 (US$M)
Latin America Operating Room Integration Market Outlook Share, 2023 & 2030 (US$M)
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