Medical devices: market revenue Latin America 2017-2029

The revenue in the 'Medical Devices' segment of the medical technology market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 12.5 billion U.S. dollars (+32.81 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 50.6 billion U.S. dollars and therefore a new peak in 2029.

Find further information concerning the revenue in the 'In Vitro Diagnostics' segment of the medical technology market in Spain and the revenue in the 'Ophthalmic Devices' segment of the medical technology market in Indonesia.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the medical devices market in Latin America from 2017 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.

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