Medical Devices Market for NeurologySegment to Grow at Fastest CAGR during Forecast Period

According to our new market research study on “Medical Devices Market to 2027 – South & Central America Analysis and Forecast – by Product Type, Function, and End Use,”the is expected to reach US$ 24,642.7 million in 2027 from US$ 17,612.3 million in 2019; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report highlights trends prevailing in the South & Central AmericaMedical Devices Market and the drivers and restraints pertaining to the market growth.

Based on end user, the medical device market is segmented into hospitals, homecare, ambulatory surgical centers and others. The hospital segment held the largest share of the market in 2019 and the same segment is estimated to register the highest CAGR of 6.7% in the market during the forecast period.Hospitals are primary contact points for the patients to get their diagnosis done and opt for treatment options and alternatives. Available infrastructure in hospitals is capable of providing high quality care on any kind of disease condition as they have access to advanced medical devices. Hospitals segment is estimated to hold considerable share as majority of the patients in emerging nations and developed countries as well prefer to visit hospitals for any kind of health-related problem. Further, increasing number of hospitals and growing accessibility in emerging nations are also estimated to offer lucrative opportunity for growth of the hospital segment during the forecast period

Medtronic,Abbott,Boston Scientific Corporation,Braun Melsungen AG,3M,General Electric Company,Stryker Corporation,Koninklijke Philips N.V.,Siemens AG,Johnson and Johnson Services, Inc.are among the leading companies operating in the Medical Devices Market.

South & Central America Medical Devices Market, By Country, 2019 (%)

The report segments South & Central AmericaMedical Devicesmarket as follows:

By Product Type

• In Vitro Diagnostics (IVD)
• Surgical Device
  • Minimally invasive surgery instruments
  • Electrosurgical Generators
  • Ultrasonic Surgical Generators
  • Others
• General Medical devices
• Cardivascular devices
• Orthopedic
• Infection control devices
• Ophthalmology
• Endoscopy
• Neurology
• Others

ByFunction

• Diagnostic and Monitoring
• Surgical
• Therapeutics
• Others

By End Use

• Hospital
• Ambulatory Care
• Homecare
• Others

By Country

• Brazil
• Argentina
• Rest of SCAM