Latin America Cannula Market Size & Outlook, 2024-2030
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Latin America cannula market highlights
- The Latin America cannula market generated a revenue of USD 15.6 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, cardiac was the largest revenue generating product in 2023.
- Dermatology is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 15.6 million |
| Market revenue in 2030 | USD 24.3 million |
| Growth rate | 6.5% (CAGR from 2024 to 2030) |
| Largest segment | Cardiac |
| Fastest growing segment | Dermatology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiac, Dermatology, Nasal |
| Key market players worldwide | Medtronic PLC, Becton Dickinson & Co, Edwards Lifesciences Corp, LivaNova PLC, Smiths Group PLC, Boston Scientific Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.8% of the global cannula market in 2023.
- 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 55.3 million by 2030.
Cardiac was the largest segment with a revenue share of 46.79% in 2023. Horizon Databook has segmented the Latin America cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is expected to majorly drive growth of Latin America cannula market. Healthcare spending in Brazil and other Latin American countries is increasing. Brazil’s per capita healthcare spending in 2015. In addition, government initiatives, such as partnerships or collaborations, health insurance programs, and enhancing primary care access in various Latin American countries, are expected to create growth opportunities for market players during the forecast period. Furthermore, rapid economic development and high prevalence of target diseases in the region are expected to propel the market growth.
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Cannula Market Scope
Cannula Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Edwards Lifesciences Corp | View profile | 19800 | One Edwards Way, Irvine, CA, United States, 92614 | https://www.edwards.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
Latin America cannula market size, by country, 2018-2030 (US$M)
Latin America Cannula Market Outlook Share, 2023 & 2030 (US$M)
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