Latin America Vacuum Therapy Devices Market Size & Outlook
The vacuum therapy devices market in Latin America is expected to reach a projected revenue of US$ 87.8 million by 2030. A compound annual growth rate of 2.7% is expected of Latin America vacuum therapy devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$72.7
Forecast, 2030 (US$M)
$87.8
CAGR, 2024 - 2030
2.7%
Report Coverage
Latin America
Latin America vacuum therapy devices market, 2018-2030 (US$M)
Latin America vacuum therapy devices market highlights
- The Latin America vacuum therapy devices market generated a revenue of USD 72.7 million in 2023.
- The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, negative pressure wound therapy was the largest revenue generating product in 2023.
- Negative Pressure Wound Therapy is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 72.7 million |
| Market revenue in 2030 | USD 87.8 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Negative pressure wound therapy |
| Fastest growing segment | Negative Pressure Wound Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Negative Pressure Wound Therapy |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.7% of the global vacuum therapy 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 623.8 million by 2030.
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Vacuum Therapy Devices Market Scope
Vacuum therapy devices market segmentation & scope
Application
Chronic wounds
Acute Wounds
Erectile Dysfunction
Type
Non-Portable Vacuum Therapy Devices
Portable Vacuum Therapy Devices
End Use
Hospitals
Clinics
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Vacuum Therapy Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America vacuum therapy devices market
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