Latin America Pulse Oximeter Market Size & Outlook
Latin America pulse oximeter market, 2018-2030 (US$M)
Related Markets
Latin America pulse oximeter market highlights
- The Latin America pulse oximeter market generated a revenue of USD 363.9 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, monitors was the largest revenue generating component in 2023.
- Sensors is the most lucrative component 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 363.9 million |
| Market revenue in 2030 | USD 628.8 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Monitors |
| Fastest growing segment | Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monitors, Sensors |
| Key market players worldwide | Medtronic PLC, Masimo Corp, Koninklijke Philips NV, GE Aerospace, Nonin Medical, Nihon Kohden Corp, ICU Medical Inc, OSI Systems Inc, CONTEC, Draegerwerk AG & Co KGaA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.9% of the global pulse oximeter 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 1,023.1 million by 2030.
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Pulse Oximeter Market Scope
Pulse Oximeter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America pulse oximeter 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 pulse oximeter market will help companies and investors design strategic landscapes.
Monitors was the largest segment with a revenue share of 63.34% in 2023. Horizon Databook has segmented the Latin America pulse oximeter market based on monitors, sensors covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America’s healthcare industry is still in a developing phase, due to poor economic conditions and lack of defined regulatory systems. However, growing prevalence of target diseases calls for government attention, especially in case of newborn screening for detection of CHD.
Thus, Latin America is expected to show potential as a lucrative market for pulse oximeters over the forecast period. As the majority of pulse oximeters available in Latin America are imported from the U.S. and Asia Pacific, this can be a highly potential market for geographic expansion due to lack of regional manufacturers.
With increase in number of COVID-19 patients in this region, companies such as Nonin Medical have ensured distribution partners in Latin American countries that they will make adequate availability of critical devices, such as pulse oximeters, thermometers, and oxygen therapy systems, to the best of their capabilities.
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Target buyers of Latin America pulse oximeter market databook
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Our clientele includes a mix of pulse oximeter market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pulse oximeter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pulse oximeter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pulse oximeter market size, by country, 2018-2030 (US$M)
Latin America Pulse Oximeter Market Outlook Share, 2023 & 2030 (US$M)
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