Market revenue in 2022 | USD 1,809.4 million |
Market revenue in 2030 | USD 3,837.7 million |
Growth rate | 9.9% (CAGR from 2022 to 2030) |
Largest segment | Artificial organ |
Fastest growing segment | Artificial bionics |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Artificial Organ, Artificial bionics |
Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
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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 artificial organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.53% in 2022. Horizon Databook has segmented the Latin America artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American region consists of countries such as Brazil and Mexico. The regional market is expected to grow rapidly over the next few years, owing to the presence of emerging economies in the region.
The rapid expansion of the medical tourism industry has helped patients seek affordable medical care. More foreign travelers are attracted due to the region’s vast network of private hospital chains. According to the International Trade Administration, 70% of the total 6,400 hospitals were registered as private in 2016.
This region is also expected to witness a rise in the prevalence of chronic diseases, which can create a greater demand for organ donations, fueling the artificial organ and bionics market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America artificial organs and bionics market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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