Latin America Therapeutic Respiratory Devices Market Size & Outlook
The therapeutic respiratory devices market in Latin America is expected to reach a projected revenue of US$ 1,726.5 million by 2030. A compound annual growth rate of 5.9% is expected of Latin America therapeutic respiratory devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,154.1
Forecast, 2030 (US$M)
$1,726.5
CAGR, 2024 - 2030
5.9%
Report Coverage
Latin America
Latin America therapeutic respiratory devices market, 2017-2030 (US$M)
Related Markets
Latin America therapeutic respiratory devices market highlights
- The Latin America therapeutic respiratory devices market generated a revenue of USD 1,154.1 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, oxygen concentrators was the largest revenue generating product in 2023.
- Capnographs 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 1,154.1 million |
| Market revenue in 2030 | USD 1,726.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen concentrators |
| Fastest growing segment | Capnographs |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nebulizers, Humidifiers, Oxygen concentrators, Positive airway pressure devices, Ventilators, Gas Analyzers, Capnographs |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, ICU Medical Inc, Invacare, Medtronic PLC, Fisher & Paykel Healthcare Corp Ltd, ResMed Inc, Linde PLC, Mindray Medical International, Chart Industries Inc, Draegerwerk AG & Co KGaA, DeVilbiss Healthcare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.5% of the global therapeutic respiratory 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 6,070.7 million by 2030.
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Therapeutic Respiratory Devices Market Scope
Therapeutic respiratory devices market segmentation & scope
Therapeutic Respiratory Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America therapeutic respiratory devices market size, by country, 2017-2030 (US$M)
Latin America Therapeutic Respiratory Devices Market Outlook Share, 2023 & 2030 (US$M)
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