Latin America General Surgical Devices Market cover

Latin America General Surgical Devices Market by Products (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Others), Applications (Gynecology and Urology, Cardiology, Orthopedic, Neurology, and Others) and Geography - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: HC-1755
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 193
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The Latin America general surgical devices market size is expected to register a CAGR of 7.9% during the forecast period, 2021-2028. The growth of the market is attributed to rising disposable income and growing government state bodies investment in the healthcare sector.

Latin America General Surgical Devices Market summary

The healthcare industry in emerging economies is undergoing rapid changes. The growing population in Latin America is leading to increased demand for medical devices. According to a report by the World Economic Forum, by 2022, the one-third of all global health expenditure is anticipated to be incurred in emerging economies, by 2022.

Market Drivers, Restraints, Trends, and Opportunities

  • Growing burden of chronic diseases and innovative medical treatments are expected to propel the market growth.
  • Increasing demand for low-cost minimally invasive surgeries and rising medical tourism industry in the region are anticipated to fuel the growth of the market.
  • Rising number of surgeries in the region is expected to drive the general surgical devices market in Latin America.
  • The lack of surgical workforce has been one of the major restraining factors in many countries of Latin America.
  • Rapid medical infrastructural development is speculated to drive the growth of the market during the forecast period.

Scope of the Report

The report on the Latin America general surgical devices market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Latin America General Surgical Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Others) and Applications (Gynecology and Urology, Cardiology, Orthopedic, Neurology, and Others)

Geography

Mexico, Brazil, Argentina, and  Rest of Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Boston Scientific Corporation, Johnson & Johnson, Getinge AB., Medtronic PLC, Olympus Corporations

Latin America General Surgical Devices Market Segment Insights

Handheld surgical devices segment to account a major market share.

Based on products, the market is divided into handheld devices, laparoscopic devices, electro surgical devices, wound closure devices, trocars and access devices, and others. The handheld devices segment is expected to account for a major market share during the forecast period. Large-scale use of advanced surgical instruments in the recent years is driving the growth of the market segment.

Latin America General Surgical Devices Market product type

The development of advanced devices such robotic handheld surgical devices for laparoscopic interventions, enhances surgeon’s dexterity. Various innovations are being made owing to the requirement for reliable and accurate devices. Growing geriatric population, rising obesity, and increasing chronic diseases is anticipated to increase demand for advanced treatment devices. Hence, such factors are expected to drive the handheld devices segment. Emerging economies across Latin America hold great opportunities for handheld surgical equipment manufacturers.

Cardiology segment to account considerable market share

On the basis of applications, the market is segregated into gynecology and urology, cardiology, orthopedic, neurology, and others. The cardiology segment is projected to account for a considerable market share during the forecast period. Rising number of surgical devices for cardiovascular treatment is driving the growth of the market segment. These new devices have helped the market to propel further as they are helping surgeons carry out heart surgeries in an efficient way.

Latin America General Surgical Devices Market application

Brazil to hold a significant market share

In terms of geography, the market is segmented into Mexico, Brazil, Argentina, and Rest of Latin America. Brazil is projected to account for a significant market share during the forecast period. Brazil has approximately 6,800 public and private hospitals, 195,000 service units, and over 500,000 hospital beds. The strong presence of healthcare infrastructure is fostering the growth of the market in the region. On the other hand, the market in Mexico is expected to exhibit a high CAGR during the forecast period. Growing number of cosmetics and plastic surgeries is driving the market growth in the country.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. General Surgical Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. General Surgical Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. General Surgical Devices Market - Supply Chain
  4.5. Global General Surgical Devices Market Forecast
     4.5.1. General Surgical Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. General Surgical Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. General Surgical Devices Market Absolute $ Opportunity
5. Global General Surgical Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. General Surgical Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global General Surgical Devices Demand Share Forecast, 2019-2026
6. North America General Surgical Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America General Surgical Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America General Surgical Devices Demand Share Forecast, 2019-2026
7. Latin America General Surgical Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America General Surgical Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America General Surgical Devices Demand Share Forecast, 2019-2026
8. Europe General Surgical Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe General Surgical Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe General Surgical Devices Demand Share Forecast, 2019-2026
9. Asia Pacific General Surgical Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific General Surgical Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific General Surgical Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa General Surgical Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa General Surgical Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa General Surgical Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global General Surgical Devices Market: Market Share Analysis
  11.2. General Surgical Devices Distributors and Customers
  11.3. General Surgical Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Boston Scientific Corporation
     11.4.2. Johnson & Johnson,
     11.4.3. Getinge AB.
     11.4.4. Medtronic PLC
     11.4.5. Olympus Corporations

Segments Covered in the Report

The Latin America general surgical devices market has been segmented on the basis of

Products

  • Handheld Devices
  • Laparoscopic Devices
  • Electro Surgical Devices
  • Wound Closure Devices
  • Trocars and Access Devices
  • Others

Applications

  • Gynecology and Urology
  • Cardiology
  • Orthopedic
  • Neurology
  • Others

Geography

  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Key players

  • Boston Scientific Corporation
  • Johnson & Johnson,
  • Getinge AB.
  • Medtronic PLC
  • Olympus Corporations

Major companies in the market are Boston Scientific Corporation, Johnson & Johnson, Getinge AB., Medtronic PLC, and Olympus Corporations.

Latin America General Surgical Devices Market keyplayers

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