Latin America Temperature Modulation Devices Market Size & Outlook
Latin America temperature modulation devices, 2018-2030 (US$M)
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Latin America temperature modulation devices highlights
- The Latin America temperature modulation devices generated a revenue of USD 164.9 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, convective patient warming systems was the largest revenue generating product in 2023.
- Convective patient warming systems 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 164.9 million |
| Market revenue in 2030 | USD 233.5 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Convective patient warming systems |
| Fastest growing segment | Convective patient warming systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable Blood/IV fluid warmers, Conductive patient warming systems, Convective patient warming systems, Conductive patient cooling systems, Other Products & Accessories |
| Key market players worldwide | Stryker Corp, Becton Dickinson & Co, 3M Co, SAS AB, ICU Medical Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.6% of the global temperature modulation devices 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 1,117.3 million by 2030.
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Temperature Modulation Devices Scope
Temperature Modulation Devices Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America temperature modulation devices 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 temperature modulation devices will help companies and investors design strategic landscapes.
Convective patient warming systems was the largest segment with a revenue share of 27.53% in 2023. Horizon Databook has segmented the Latin America temperature modulation devices based on portable blood/iv fluid warmers, conductive patient warming systems, convective patient warming systems, conductive patient cooling systems, other products & accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in this region could be better developed; however, constant efforts are being taken to improve healthcare access and treatment. The increasing prevalence of chronic diseases and improving reimbursement scenarios of temperature modulation devices are among the key factors driving the market growth.
Regarding mortality rates, Argentina had the highest rate (5.98 per 1000 person-years), while Chile had the lowest rate (4.07 per 1000 person-years). Furthermore, the study highlighted those men had a higher incidence and mortality rate of CVD than women.
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Target buyers of Latin America temperature modulation devices databook
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Our clientele includes a mix of temperature modulation devices 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 temperature modulation devices, including forecasts for subscribers. This continent databook contains high-level insights into Latin America temperature modulation devices from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America temperature modulation devices market size, by country, 2018-2030 (US$M)
Latin America Temperature Modulation Devices Share, 2023 & 2030 (US$M)
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