Latin America Wearable Injectors Market Size & Outlook
Latin America wearable injectors market, 2018-2030 (US$M)
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Latin America wearable injectors market highlights
- The Latin America wearable injectors market generated a revenue of USD 1,010.8 million in 2023.
- The market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, on-body was the largest revenue generating type in 2023.
- Off-body is the most lucrative type 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 1,010.8 million |
| Market revenue in 2030 | USD 2,730.4 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | On-body |
| Fastest growing segment | Off-body |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-body, Off-body |
| Key market players worldwide | BD, Johnson & Johnson, Roche Holding AG, United Therapeutics Corp, Amgen Inc, Insulet Corp, West Pharmaceutical Services Inc, CeQur Simplicity, Unilife Corporation, Enable Injections |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global wearable injectors 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 4,545.9 million by 2030.
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Wearable Injectors Market Scope
Wearable Injectors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wearable injectors 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 wearable injectors market will help companies and investors design strategic landscapes.
On-body was the largest segment with a revenue share of 54.53% in 2023. Horizon Databook has segmented the Latin America wearable injectors market based on on-body, off-body covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America wearable injectors market is primarily driven by Brazil, Mexico, and Argentina. Growing investments by market players in the region, proximity to North America, and free-trade agreements with major countries such as the U.S., Canada, Japan, & several European countries are among the factors anticipated to boost the Latin America wearable injectors market during the forecast period.
Government regulations encouraging the commercialization of medical devices in the country are also anticipated to contribute to market expansion. For example, the majority of Latin American nations only require FDA or CE mark approval for marketing approvals.
Brazil dominated the Latin America market in 2022 and is expected to maintain its position during the forecast period. Major investments by key market players in the emerging economy and the presence of a large target population are factors expected to drive market growth. However, low affordability of advanced technologies by end users may hinder market growth in the region.
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Our clientele includes a mix of wearable injectors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America wearable injectors market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wearable injectors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America wearable injectors market size, by country, 2018-2030 (US$M)
Latin America Wearable Injectors Market Outlook Share, 2023 & 2030 (US$M)
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