Latin America Wound Closure Devices Market Size & Outlook
Latin America wound closure devices market, 2018-2030 (US$M)
Related Markets
Latin America wound closure devices market highlights
- The Latin America wound closure devices market generated a revenue of USD 1,462.4 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, sutures was the largest revenue generating product in 2023.
- Staples 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 1,462.4 million |
| Market revenue in 2030 | USD 2,487.3 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Sutures |
| Fastest growing segment | Staples |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesives, Staples, Sutures, Strips, Mechanical wound closure devices |
| Key market players worldwide | 3M Co, Johnson & Johnson, B. Braun, Medtronic PLC, Baxter International Inc, Integra LifeSciences, Smith & Nephew PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.1% of the global wound closure 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 5,892.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Wound Closure Devices Market Scope
Wound Closure Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America wound closure 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 wound closure devices market will help companies and investors design strategic landscapes.
Sutures was the largest segment with a revenue share of 37.66% in 2023. Horizon Databook has segmented the Latin America wound closure devices market based on adhesives, staples, sutures, strips, mechanical wound closure devices covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is anticipated to grow at a significant rate during the forecast period. Presence of developing economies such as Brazil and Mexico is expected to primarily drive the overall Latin American market. Availability of advanced treatment options at low cost in Latin America is making the region more preferred for medical tourism.
In addition, governments of Latin American countries are consistently involved in improving healthcare infrastructure. Thus, such factors are expected to promote growth of wound closure & advanced wound care market over the forecast period.
Reasons to subscribe to Latin America wound closure devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America wound closure devices market databook
-
Our clientele includes a mix of wound closure devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 wound closure devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wound closure devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America wound closure devices market size, by country, 2018-2030 (US$M)
Latin America Wound Closure Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
