Latin America Radiofrequency Ablation Devices Market Size & Outlook
Latin America radiofrequency ablation devices market, 2018-2030 (US$M)
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Latin America radiofrequency ablation devices market highlights
- The Latin America radiofrequency ablation devices market generated a revenue of USD 694.2 million in 2023.
- The market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, disposable equipment was the largest revenue generating component type in 2023.
- Disposable Equipment is the most lucrative component type 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 694.2 million |
| Market revenue in 2030 | USD 1,507.6 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Disposable equipment |
| Fastest growing segment | Disposable Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable Equipment, Capital Equipment, Reusable Equipment |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Stryker Corp, Abbott Laboratories, Smith & Nephew PLC, Johnson & Johnson, AngioDynamics Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.5% of the global radiofrequency ablation devices 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 2,068.0 million by 2030.
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Radiofrequency Ablation Devices Market Scope
Radiofrequency Ablation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America radiofrequency ablation 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 radiofrequency ablation devices market will help companies and investors design strategic landscapes.
Disposable equipment was the largest segment with a revenue share of 42.78% in 2023. Horizon Databook has segmented the Latin America radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
The radiofrequency ablation devices market in Latin America is expected to grow at a CAGR of 10.5% during the forecast period. Increasing number of tourists from North America seeking medical help; free trade agreements.
Increasing incidence of chronic diseases such as atrial fibrillation, chronic pain, and cancer are some of the major factors propelling the growth of the market in this region. However, the market in this region is expected to witness lesser growth compared to the market in developed regions due to high cost of radiofrequency ablation devices.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America radiofrequency ablation devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America radiofrequency ablation devices market size, by country, 2018-2030 (US$M)
Latin America Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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