Latin America Sleep Apnea Devices Market Size & Outlook
Latin America sleep apnea devices market, 2018-2030 (US$M)
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Latin America sleep apnea devices market highlights
- The Latin America sleep apnea devices market generated a revenue of USD 182.5 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product in 2023.
- Sleep Apnea Masks is the most lucrative product 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 182.5 million |
| Market revenue in 2030 | USD 283.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Sleep Apnea Masks |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Devices, Therapeutic Devices, Sleep Apnea Masks |
| Key market players worldwide | ResMed Inc, Koninklijke Philips NV, Fisher & Paykel Healthcare Corp Ltd, BMC Medical, Natus Medical, SOMNOmedics, ZOLL Medical Corporation, Nihon Kohden Corp, Curative Medical, React Health, Somnetics, Compumedics-alpha trace |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.1% of the global sleep apnea 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 1,586.7 million by 2030.
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Sleep Apnea Devices Market Scope
Sleep Apnea Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America sleep apnea 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 sleep apnea devices market will help companies and investors design strategic landscapes.
Therapeutic devices was the largest segment with a revenue share of 80.71% in 2023. Horizon Databook has segmented the Latin America sleep apnea devices market based on diagnostic devices, therapeutic devices, sleep apnea masks covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing incidence of OSA and other sleeping disorders, growing import of medical devices from North America, and rising prevalence of diseases due to sedentary lifestyle are some of the factors supporting growth of sleep apnea devices market in the region.
Furthermore, increasing number of obese population is another driving factor for the market. For instance, as per Statista, in 2018, around 64% of the population in Mexico was found to be suffering from obesity.
Hence, rising prevalence of chronic conditions in the region is likely to fuel market growth during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sleep apnea devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sleep apnea devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America sleep apnea devices market size, by country, 2018-2030 (US$M)
Latin America Sleep Apnea Devices Market Outlook Share, 2023 & 2030 (US$M)
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