Latin America Perfusion Systems Market Size & Outlook
- MedTech
- General Surgery
- Perfusion Systems Market Outlook
- General Surgery
Latin America Perfusion Systems Market, 2018-2030 (US$M)
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Latin America perfusion systems market highlights
- The Latin America perfusion systems market generated a revenue of USD 70.5 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, cardiopulmonary perfusion system was the largest revenue generating application in 2023.
- Cardiopulmonary Perfusion System is the most lucrative application 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 70.5 million |
| Market revenue in 2030 | USD 101.2 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Cardiopulmonary perfusion system |
| Fastest growing segment | Cardiopulmonary Perfusion System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiopulmonary Perfusion System, Cell Perfusion System, Ex-Vivo Organ Perfusion System |
| Key market players worldwide | Getinge AB ADR, Medtronic PLC, LivaNova PLC, Terumo Corp, Nipro Corp, Fresenius Medical Care AG, Repligen Corp, Spectrum Brands Holdings Inc, Merck KGaA, Xvivo Perfusion AB |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global perfusion systems 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 373.9 million by 2030.
The growing establishment of local manufacturing centers is likely to increase the accessibility and affordability of perfusion systems in Latin America, making them more widely available to healthcare providers and patients in the region.
For instance, in September 2022, Terumo Cardiovascular invested USD 42 million in a perfusion circuit technology and manufacturing center in Costa Rica. This investment is expected to enable the company to strengthen its regional presence and better serve the growing demand for perfusion systems in the region.
Moreover, growth in the aging population plays a significant role in impelling the market growth. With an increasing number of elderly individuals requiring medical interventions, the demand for perfusion systems, which are often used in complex surgeries and organ support, is expected to rise.
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Perfusion Systems Market Scope
Perfusion Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Getinge AB ADR | View profile | 11,862 | Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 | www.getinge.com |
| Terumo Corp | View profile | 30,207 | 2-44-1 Hatagaya, Shibuya-ku, Tokyo, Japan, 151-0072 | www.terumo.com |
| Spectrum Brands Holdings Inc | View profile | 3,100 | 3001 Deming Way, Middleton, WI, United States, 53562 | www.spectrumbrands.com |
| Nipro Corp | View profile | 39,713 | 3-9-3 Honjo-Nishi Kita-ku, Osaka, Japan, 531-8510 | www.nipro.co.jp |
| LivaNova PLC | View profile | 2,900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | www.livanova.com |
| Repligen Corp | View profile | 1,783 | 41 Seyon Street, Building 1, Suite 100, Waltham, MA, United States, 02453 | www.repligen.com |
| Fresenius Medical Care AG | View profile | 119,845 | Else-Kroener-Strasse 1, Bad Homburg, HE, Germany, 61352 | www.freseniusmedicalcare.com |
| Xvivo Perfusion AB | View profile | 130 | Gemenskapens gata 9, Mölndal, Sweden, SE-431 53 | www.xvivoperfusion.com |
Latin America Perfusion Systems 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 Perfusion Systems Market Outlook will help companies and investors design strategic landscapes.
Cardiopulmonary Perfusion System was the largest segment with a revenue share of 45.11% in 2023.
Horizon Databook has segmented the Latin America perfusion systems market based on cardiopulmonary perfusion system, cell perfusion system, ex-vivo organ perfusion system covering the revenue growth of each sub-segment from 2018 to 2030.
The growing establishment of local manufacturing centers is likely to increase the accessibility and affordability of perfusion systems in Latin America, making them more widely available to healthcare providers and patients in the region.
For instance, in September 2022, Terumo Cardiovascular invested USD 42 million in a perfusion circuit technology and manufacturing center in Costa Rica. This investment is expected to enable the company to strengthen its regional presence and better serve the growing demand for perfusion systems in the region.
Moreover, growth in the aging population plays a significant role in impelling the market growth. With an increasing number of elderly individuals requiring medical interventions, the demand for perfusion systems, which are often used in complex surgeries and organ support, is expected to rise.
- Latin America Perfusion Systems Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cardiopulmonary Perfusion System
- Cell Perfusion System
- Ex-Vivo Organ Perfusion System
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Perfusion Systems Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Perfusion Systems Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Perfusion Systems Market, 2018-2030 (US$M)
Latin America perfusion systems market statistics, by application, 2018-2030 (US$M)
