Latin America Surgical Equipment Market Size & Outlook
Latin America surgical equipment market, 2018-2030 (US$M)
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Latin America surgical equipment market highlights
- The Latin America surgical equipment market generated a revenue of USD 1,085.9 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,085.9 million |
| Market revenue in 2030 | USD 2,174.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global surgical equipment 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 7,468.4 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 46.03% in 2023. Horizon Databook has segmented the Latin America surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America surgical equipment market is primarily driven by Brazil, Mexico, and Argentina. The market is propelled by the rise in the prevalence of chronic diseases and a rapidly aging population, which is increasing the number of surgical procedures. Surgical equipment such as forceps, dilators, scissors, and retractors are widely used in several surgeries related to orthopedic, cardiac, and gynecological conditions.
In addition, the aging population in Latin America is increasing, leading to a higher demand for healthcare services & products. In addition, the large number of road & traffic accidents across the region is anticipated to boost the demand for surgical equipment in Latin America.
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Target buyers of Latin America surgical equipment market databook
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Our clientele includes a mix of surgical equipment 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 surgical equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America surgical equipment market size, by country, 2018-2030 (US$M)
Latin America Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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