Latin America Artificial Organs And Bionics Market
- MedTech
- General Surgery
- artificial organ and bionics
- General Surgery
Latin America Artificial Organs And Bionics Market, 2018-2030 (US$M)
Global Market
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Latin America artificial organs and bionics market highlights
- The Latin America artificial organs and bionics market generated a revenue of USD 1,809.4 million in 2022.
- The market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, artificial organ was the largest revenue generating product in 2022.
- Artificial bionics 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 2023 to 2030.
Latin America data book summary
| 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global artificial organs and bionics market in 2022.
- 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 16,916.9 million by 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.
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Artificial Organ And Bionics
Artificial Organ And Bionics Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| Ekso Bionics Holdings Inc | View profile | 72 | 101 Glacier Point, Suite A, San Rafael, CA, United States, 94901 | www.eksobionics.com |
| Cochlear Ltd | View profile | 4,773 | 1 University Avenue, Macquarie University, Sydney, NSW, Australia, 2109 | www.cochlear.com |
| Edwards Lifesciences Corp | View profile | 19,800 | One Edwards Way, Irvine, CA, United States, 92614 | www.edwards.com |
| Symbotic Inc Ordinary Shares - Class A | View profile | 1,300 | 200 Research Drive, Wilmington, MA, United States, 01887 | www.symbotic.com |
| Berlin Heart GmbH | View profile | 501-1000 | Berlin, Berlin, Germany, Europe | www.berlinheart.de/ |
| SynCardia Systems | View profile | 101-250 | Tucson, Arizona, United States, North America | www.syncardia.com/ |
Latin America artificial organ and bionics
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.
- Latin America Artificial Organs And Bionics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Artificial Organ
- Artificial bionics
- Latin America Artificial Organs And Bionics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Mechanical
- Electronic
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America artificial organ and bionics, including forecasts for subscribers. This continent databook contains high-level insights into Latin America artificial organ and bionics from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Artificial Organs And Bionics Market, 2018-2030 (US$M)
Latin America artificial organs and bionics market statistics, by product, 2018-2030 (US$M)
