Latin America Orthopedic Soft Tissue Repair Market Size & Outlook
Latin America orthopedic soft tissue repair market, 2018-2030 (US$M)
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Latin America orthopedic soft tissue repair market highlights
- The Latin America orthopedic soft tissue repair market generated a revenue of USD 510.4 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application 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 510.4 million |
| Market revenue in 2030 | USD 950.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global orthopedic soft tissue repair 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 2,068.5 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.32% in 2023. Horizon Databook has segmented the Latin America orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in sports injuries is one of the key factors expected to propel the orthopedic soft tissue repair market in Latin America. Sports such as football or soccer are highly popular in Latin America, which often causes soft tissue injuries.
Moreover, technological advancements, increasing government spending, and presence of skilled healthcare professionals are expected to drive the market over the forecast period. Furthermore, a strong distribution network of North American players is further anticipated to drive growth.
For instance, in 2017, Johnson & Johnson’s medical devices unit inaugurated its largest distribution center in Sao Paulo. Moreover, Zimmer Biomet has also established its presence in the region. Growing presence of international players is further creating a competitive environment in and driving the market.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America orthopedic soft tissue repair market size, by country, 2018-2030 (US$M)
Latin America Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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