Latin America Orthopedic Devices Market Size & Outlook
Latin America Orthopedic Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America orthopedic devices market highlights
- The Latin America orthopedic devices market generated a revenue of USD 4,976.0 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Trauma 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,976.0 million |
| Market revenue in 2030 | USD 7,012.5 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Trauma |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.2% of the global orthopedic devices 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 16,853.3 million by 2030.
Latin America is popular for sports such as football or soccer, which is a major reason for all sportsrelated injuries in the region. Injuries sustained during high-contact sports such as football cause tendon ruptures and tears, often requiring surgical interventions for athletes who need to be professionally fit for games.
The economic development in the countries has also contributed to the growth of orthopedic devices market. Opening of new hospitals and improvement in availability of healthcare services are key contributors to the growth of this market. According to an article published in Healio Rheumatology, Latin America’s rheumatoid arthritis prevalence was the highest in the world.
More than a third of indigenous people in Latin America have some form of musculoskeletal disorder. In 2018, the prevalence of osteoarthritis was 9.7%. Although the region’s geriatric population is well below 8%, there is high prevalence of bone-related disorders, which acts as a key driver for growth of the market.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | depuysynthes.com |
| NuVasive | View profile | 1001-5000 | San Diego, California, United States, North America | www.nuvasive.com |
| Smith & Nephew PLC | View profile | 18,452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | www.smith-nephew.com |
| Conmed Corp | View profile | 4,000 | 11311 Concept Boulevard, Largo, FL, United States, 33773 | www.conmed.com |
| Enovis Corp | View profile | 6,550 | 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 | www.enovis.com |
| Aesculap | View profile | 251-500 | Kelayres, Pennsylvania, United States, North America | www.aesculapusa.com |
Latin America Orthopedic Devices Market Outlook
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 Orthopedic Devices Market Outlook will help companies and investors design strategic landscapes.
Joint Replacement/ Orthopedic Implants was the largest segment with a revenue share of 41.55% in 2023.
Horizon Databook has segmented the Latin America orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is popular for sports such as football or soccer, which is a major reason for all sportsrelated injuries in the region. Injuries sustained during high-contact sports such as football cause tendon ruptures and tears, often requiring surgical interventions for athletes who need to be professionally fit for games.
The economic development in the countries has also contributed to the growth of orthopedic devices market. Opening of new hospitals and improvement in availability of healthcare services are key contributors to the growth of this market. According to an article published in Healio Rheumatology, Latin America’s rheumatoid arthritis prevalence was the highest in the world.
More than a third of indigenous people in Latin America have some form of musculoskeletal disorder. In 2018, the prevalence of osteoarthritis was 9.7%. Although the region’s geriatric population is well below 8%, there is high prevalence of bone-related disorders, which acts as a key driver for growth of the market.
- Latin America Orthopedic Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Joint Replacement/ Orthopedic Implants
- Trauma
- Sports Medicine
- Orthobiologics
- Others
- Latin America Orthopedic Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Outpatient Facilities
Reasons to subscribe to Orthopedic Devices Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Orthopedic Devices Market Outlook databook
- Our clientele includes a mix of Orthopedic Devices Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Orthopedic Devices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Orthopedic Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Orthopedic Devices Market, 2018-2030 (US$M)
Latin America orthopedic devices market statistics, by product, 2018-2030 (US$M)
