Latin America Vital Signs Monitoring Market Size & Outlook
Latin America vital signs monitoring market, 2018-2030 (US$M)
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Latin America vital signs monitoring market highlights
- The Latin America vital signs monitoring market generated a revenue of USD 959.6 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors 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 959.6 million |
| Market revenue in 2030 | USD 1,580.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.8% of the global vital signs monitoring 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 3,497.7 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.33% in 2023. Horizon Databook has segmented the Latin America vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
This is a growing segment of the medical device market. The countries contributing majorly to this segment include Brazil (growth rate of 6.3%) and Mexico (growth rate of 7.8%). The government of these countries may be focused on increasing access of vital sign monitors in the hospital segment majorly.
The predicted growth rate for the hospital segment is 6.6%. There may also be an increase in the home healthcare vital sign monitor market, with the rise in medical tourism in these regions. The growth in this sector is estimated to be 7.8%.
For entry of a company into these regions the barriers may be the political instability, economic turmoil, and language barriers. Countries in this region also have a different and unique set of regulatory approval, thus for entry into the region the company must comply with all the different agencies.
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Target buyers of Latin America vital signs monitoring market databook
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Our clientele includes a mix of vital signs monitoring 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 vital signs monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vital signs monitoring market size, by country, 2018-2030 (US$M)
Latin America Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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