South & Central America Medical Devices Market

Market Introduction

This research report provides insights into the South & Central America Medical Devices market. A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more.

South & Central America Medical Devices Strategic Insights

Strategic insights for the South & Central America Medical Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South & Central America Medical Devices Report Scope

South & Central America Medical Devices Regional Insights

The geographic scope of the South & Central America Medical Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The South & Central America Medical Devices is expected to reach US$ 24,642.7 million in 2027 from US$ 17,612.3 million in 2019; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. South and Central America (SCAM) region consists of Brazil and Rest of SCAM. Brazil is expected to have the major market share in this region. Also, it is projected to grow with highest growth rate. Aging population coupled with increasing demand for advanced medical technologies are expected to accelerate growth of the Medical Devices Market. Argentina is one of the largest country in the region. The country has a vital role to play in the medical equipment industry. The country has to experience development in the private and public healthcare sectors. Further, Argentina is strengthening its human resources with highly skilled professionals across all the healthcare sectors. Argentina offers high-quality health services, which are considered among the best in Latin America. In cities, Buenos Aires, Córdoba, or Mendoza, hospitals, and clinics have advanced infrastructure with competent medical staff. Thus, it is expected that the country owes significant growth opportunities for the market.

Key Market Segments

In terms of product type, the In Vitro Diagnostics (IVD) segment held the largest share of the market in 2019; However, neurology devices is estimated to register the highest CAGR of 7.1% in the market during the forecast period. The growing hospital incidences of hospital acquired infections and new developments by the market players is likely to drive the market growth. In terms of function, the Diagnostic and Monitoring segment held a larger share of the market in 2019 and surgical segment is estimated to register a higher market share in the market during the forecast period. In terms of end use, the hospital segment held a larger share of the market in 2019 and also is estimated to register a higher market share in the market during the forecast period.

Major Sources and Companies Listed

The World Health Organization (WHO), Federal Economic Development Agency for Southern Ontario, Scientific Institutes for Research, Hospitalization, and Care, are some of the major primary and secondary sources for the South & Central America Medical Devices market included in the report.

Reasons to buy the report

• To understand the South & Central America Medical Devices market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for the South & Central America Medical Devices market
• Efficiently plan M&A and partnership deals in the South & Central America Medical Devices market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the South & Central America Medical Devices market
• Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region

South & Central America Medical Devices Market Segmentation

By

Product Type

• In Vitro Diagnostics (IVD)
• Surgical Device
  • Minimally invasive surgery instruments
  • Electrosurgical Generators
  • Ultrasonic Surgical Generators
  • Others
• General Medical devices
• Cardivascular devices
• Orthopedic
• Infection control devices
• Ophthalmology
• Endoscopy
• Neurology
• Others

By

Function

• Diagnostic and Monitoring
• Surgical
• Therapeutics
• Others

By End Use

• Hospital
• Ambulatory Care
• Homecare
• Others

Company Profiles

• Medtronic
• Abbott
• Boston Scientific Corporation
• Braun Melsungen AG
• 3M
• General Electric Company
• Stryker Corporation
• Koninklijke Philips N.V.
• Siemens AG;
• Johnson and Johnson Services, Inc.