Latin America Orthopedic Braces And Supports Market Size & Outlook
The orthopedic braces and supports market in Latin America is expected to reach a projected revenue of US$ 672.6 million by 2030. A compound annual growth rate of 7.8% is expected of Latin America orthopedic braces and supports market from 2024 to 2030.
Revenue, 2023 (US$M)
$397.5
Forecast, 2030 (US$M)
$672.6
CAGR, 2024 - 2030
7.8%
Report Coverage
Latin America
Latin America orthopedic braces and supports market, 2017-2030 (US$M)
Related Markets
Latin America orthopedic braces and supports market highlights
- The Latin America orthopedic braces and supports market generated a revenue of USD 397.5 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, braces & supports type was the largest revenue generating product in 2023.
- Braces & Supports Type is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 397.5 million |
| Market revenue in 2030 | USD 672.6 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Braces & supports type |
| Fastest growing segment | Braces & Supports Type |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Braces & Supports Type, Pain Management Products |
| Key market players worldwide | DeRoyal, Ottobock, Enovis Corp, Orthofix Medical Inc, Ossur, McDavid, Bauerfeind, Hely & Weber |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.0% of the global orthopedic braces and supports 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 1,814.6 million by 2030.
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Orthopedic Braces And Supports Market Scope
Orthopedic braces and supports market segmentation & scope
Orthopedic Braces And Supports Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America orthopedic braces and supports market size, by country, 2017-2030 (US$M)
Latin America Orthopedic Braces And Supports Market Outlook Share, 2023 & 2030 (US$M)
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