Latin America Smoke Evacuation System Market Size & Outlook
Latin America smoke evacuation system market, 2018-2030 (US$M)
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Latin America smoke evacuation system market highlights
- The Latin America smoke evacuation system market generated a revenue of USD 14.2 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, smoke evacuating systems was the largest revenue generating product in 2023.
- Smoke Evacuation Tubings is the most lucrative product 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 14.2 million |
| Market revenue in 2030 | USD 24.8 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Smoke evacuating systems |
| Fastest growing segment | Smoke Evacuation Tubings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smoke Evacuating Systems, Smoke Evacuation Filters, Smoke Evacuation Pencils & Wands, Smoke-Evac Fusion Products (Shrouds), Smoke Evacuation Tubings, Accessories |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Conmed Corp, Johnson & Johnson, Zimmer Biomet Holdings Inc, Olympus Corp, Erbe Elektromedizin, Steris PLC, KLS Martin Group, Symmetry Surgical |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.2% of the global smoke evacuation system 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 76.6 million by 2030.
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Smoke Evacuation System Market Scope
Smoke Evacuation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America smoke evacuation system 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 smoke evacuation system market will help companies and investors design strategic landscapes.
Smoke evacuating systems was the largest segment with a revenue share of 38.73% in 2023. Horizon Databook has segmented the Latin America smoke evacuation system market based on smoke evacuating systems, smoke evacuation filters, smoke evacuation pencils & wands, smoke-evac fusion products (shrouds), smoke evacuation tubings, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is the fastest aging region and is leading the obesity epidemic in the world. Healthcare expenditure is growing in various countries, with Peru, Chile, and Colombia being at the forefront. Moreover, private insurance firms are also expanding at an annual rate of over 20% in some parts of LATAM.
Thus, these factors are expected to propel the growth of smoke evacuation systems market in the region over the forecast period.
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Target buyers of Latin America smoke evacuation system market databook
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Our clientele includes a mix of smoke evacuation system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smoke evacuation system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smoke evacuation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smoke evacuation system market size, by country, 2018-2030 (US$M)
Latin America Smoke Evacuation System Market Outlook Share, 2023 & 2030 (US$M)
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