Latin America Subcutaneous Drug Delivery Devices Market Size & Outlook
Latin America subcutaneous drug delivery devices market, 2018-2030 (US$M)
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Latin America subcutaneous drug delivery devices market highlights
- The Latin America subcutaneous drug delivery devices market generated a revenue of USD 1,984.7 million in 2023.
- The market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, pen injectors was the largest revenue generating product in 2023.
- Wearable injectors 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 1,984.7 million |
| Market revenue in 2030 | USD 3,822.7 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Pen injectors |
| Fastest growing segment | Wearable injectors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Prefilled syringes, Pen injectors, Auto-injectors, Wearable injectors, Needle-free injectors |
| Key market players worldwide | Gerresheimer AG ADR, Medtronic PLC, Ypsomed Holding AG, Novo Nordisk A/S ADR, Insulet Corp, Becton Dickinson & Co, West Pharmaceutical Services Inc, PHARMAJET, Unilife Corporation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global subcutaneous drug delivery 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 13,711.5 million by 2030.
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Subcutaneous Drug Delivery Devices Market Scope
Subcutaneous Drug Delivery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America subcutaneous drug delivery 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 subcutaneous drug delivery devices market will help companies and investors design strategic landscapes.
Pen injectors was the largest segment with a revenue share of 38.02% in 2023. Horizon Databook has segmented the Latin America subcutaneous drug delivery devices market based on prefilled syringes, pen injectors, auto-injectors, wearable injectors, needle-free injectors covering the revenue growth of each sub-segment from 2018 to 2030.
Advancements in technology are also driving growth in this market. New drug delivery systems are being developed that are more efficient, accurate, and convenient for patients. This is leading to increased adoption of subcutaneous drug delivery devices in Latin America.
Moreover, Latin America consists of countries with large populations, and most are in economic transition. Increasing awareness in the region about chronic diseases has led to a substantial number of people being diagnosed with these conditions, which is boosting the demand for early disease diagnosis.
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Target buyers of Latin America subcutaneous drug delivery devices market databook
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Our clientele includes a mix of subcutaneous drug delivery devices 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 subcutaneous drug delivery devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America subcutaneous drug delivery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America subcutaneous drug delivery devices market size, by country, 2018-2030 (US$M)
Latin America Subcutaneous Drug Delivery Devices Market Outlook Share, 2023 & 2030 (US$M)
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