Latin America Spinal Fusion Device Market Size & Outlook
Latin America spinal fusion device market, 2016-2028 (US$M)
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Latin America spinal fusion device market highlights
- The Latin America spinal fusion device market generated a revenue of USD 325.7 million in 2021.
- The market is expected to grow at a CAGR of 5% from 2022 to 2028.
- In terms of segment, thoracolumbar was the largest revenue generating product in 2021.
- Cervical 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 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 325.7 million |
| Market revenue in 2028 | USD 457.9 million |
| Growth rate | 5% (CAGR from 2021 to 2028) |
| Largest segment | Thoracolumbar |
| Fastest growing segment | Cervical |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thoracolumbar, Cervical, Interbody fusion |
| Key market players worldwide | Johnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Orthofix Medical Inc, B. Braun Medical, Medtronic PLC, NuVasive, Globus Medical Inc Class A, Alphatec Holdings Inc, Xtant Medical Holdings Inc, Captiva Spine, Spinal Elements, Spine Wave, Spineology |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global spinal fusion device market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,067.8 million by 2028.
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Spinal Fusion Device Market Scope
Spinal Fusion Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America spinal fusion device 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 spinal fusion device market will help companies and investors design strategic landscapes.
Thoracolumbar was the largest segment with a revenue share of 55.57% in 2021. Horizon Databook has segmented the Latin America spinal fusion device market based on thoracolumbar, cervical, interbody fusion covering the revenue growth of each sub-segment from 2016 to 2028.
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Our clientele includes a mix of spinal fusion device market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America spinal fusion device market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America spinal fusion device market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America spinal fusion device market size, by country, 2016-2028 (US$M)
Latin America Spinal Fusion Device Market Outlook Share, 2021 & 2028 (US$M)
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