Latin America Pressure Relief Devices Market Size & Outlook
Latin America pressure relief devices market, 2018-2030 (US$M)
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Latin America pressure relief devices market highlights
- The Latin America pressure relief devices market generated a revenue of USD 355.4 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, low tech devices was the largest revenue generating type in 2022.
- Low Tech Devices is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 355.4 million |
| Market revenue in 2030 | USD 618.9 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | Low Tech Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Tech Devices, High Tech Devices |
| Key market players worldwide | 3M Co, Arjo AB Class B, Essity, Hillrom UK, Invacare, Paramount Bed Holdings Co Ltd, Smith & Nephew PLC, Stryker Corp, Talley Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.7% of the global pressure relief devices market in 2022.
- 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 1,062.5 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America pressure relief devices 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 pressure relief devices market will help companies and investors design strategic landscapes.
Low tech devices was the largest segment with a revenue share of 66.8% in 2022. Horizon Databook has segmented the Latin America pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Growing health awareness and increasing demand for technologically advanced medical devices, including pressure relief devices, are some of the key factors expected to boost the market growth. These countries have vibrant research relations with China and Europe.
Furthermore, increasing private and government investments in R&D in healthcare, growing prevalence of chronic disorders, and favorable reimbursement policies for medical devices are some of the factors expected to drive the demand for technologically improved equipment, which is anticipated to boost the adoption of pressure relief devices in hospitals over the forecast period.
Various initiatives such as eHealth initiative undertaken by the Pan American Health Organization and WHO in Latin America to improve the health of people are expected to further support the pressure relief devices market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pressure relief devices market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pressure relief devices market size, by country, 2018-2030 (US$M)
Latin America Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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