Colombia Wearable Medical Devices Market Size & Outlook
Colombia wearable medical devices market, 2018-2030 (US$M)
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Colombia wearable medical devices market highlights
- The Colombia wearable medical devices market generated a revenue of USD 222.0 million in 2023 and is expected to reach USD 1,233.7 million by 2030.
- The Colombia market is expected to grow at a CAGR of 27.8% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 222.0 million |
| Market revenue in 2030 | USD 1,233.7 million |
| Growth rate | 27.8% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.7% of the global wearable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil wearable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,877.7 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Colombia wearable medical devices 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 medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 60.32% in 2024. Horizon Databook has segmented the Colombia wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Economist, Colombia witnessed a significant epidemiological shift with increasing incidence of noncommunicable diseases and reducing prevalence of communicable diseases in the past few years. The epidemiological shift along with high geriatric population is anticipated to fuel the market growth.
However, development of healthcare IT infrastructure in the country is limited when compared to other countries across the globe, which limits its growth. For instance, the ICT development index rank of Colombia was 84, whereas that of Italy, Spain, and the UAE was 47, 27, and 40, respectively.
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Our clientele includes a mix of wearable medical devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Colombia wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia Wearable Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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