No. of Pages: 150 | Report Code: BMIPUB00031871 | Category: Life Sciences
Latin America pressure monitoring devices market size is expected to reach US$ 3,375.3 million by 2033 from US$ 2,130.2 million in 2024. The market is estimated to record a CAGR of 5.2% from 2025 to 2033.
The pressure monitoring devices market in Latin America is experiencing significant growth driven by rising prevalence of chronic diseases and continuous technological advancements, growing adoption of remote patient monitoring and telehealth solutions, and rising global healthcare expenditure and the increasing focus on preventive care. In the United States, health expenditures increased 7.5% in 2023 to $4.9 trillion, or $14,570 per capita (American Medical Association, April 17, 2025). This increase in health expenditures was largely predicated on higher utilization of health goods and services and an historically higher insured rate. Compare this with Canada. Total health expenditures across Canada will exceed $372 billion In 2024, or $9,054 per Canadian, reflecting 12.4% of Canada's Gross Domestic Product (GDP). The prevalence of hypertension and cardiovascular diseases (CVDs) is a major concern. Hypertension affects between 20% and 40% of adults in Latin America, contributing to over two million CVD deaths annually in the region, with one million occurring before 70 years of age. CVDs were the main cause of death in Latin America and the Caribbean (LAC), accounting for 962,000 deaths (27% of the total), a 71% increase from 1990. In Mexico, prevalent NCOs include diabetes, hypertension, and chronic kidney disease. Argentina's population profile in 2024 shows a 228% increase since 2000, with NCOs being a significant health challenge This high burden necessitates extensive use of pressure monitoring devices for screening, diagnosis, and ongoing management of these conditions.
Key segments that contributed to the derivation of the pressure monitoring devices market analysis are product, application, and end user.
The Latin America pressure monitoring devices market is segmented into Mexico, Brazil, Argentina, Peru, Chile, and Colombia. Healthcare spending and infrastructure development is evolving dramatically in Latin America. The region continues to be a significant importer of high-tech medical devices but there is a growing interest in local manufacturing of medical devices. Some of the trends we see taking shape include minimally invasive surgery, personalized medicine (3D printing devices customized for individual patients), the use of Al and automation in medicine. The region is exploring sustainable and environmentally friendly medical devices as well. All these trends point to a local industry that will be capable of manufacturing medical devices more than it does today, especially when it comes to high volume or customized pressure monitoring solutions, but may still be dependent on imported components for sophisticated devices. Overall, the Latin American market for pressure monitoring devices, based on fundamental healthcare needs and emerging technologies, is primed for continued growth.
Based on region, the Latin America pressure monitoring devices market is further segmented into the Mexico, Brazil, Argentina, Peru, Chile, and Colombia. The Mexico held the largest share in 2024.
The Mexico represents the largest and most influential market for pressure monitoring devices within Latin America. While government and compulsory health insurance spending in the region averages around 57% of total health expenditure, out-of-pocket expenses have dropped to approximately 28%, indicating improved affordability. Countries like Brazil, Mexico, and Colombia are actively working to expand universal health coverage and strengthen primary healthcare systems. Brazil, for instance, has successfully negotiated over US$3 billion in concessional financing for health systems in partnership with PAHO. Colombia's health and social protection system aims to guarantee health coverage to 97.9% of its population through the General Social Security System. These efforts to modernize and expand healthcare facilities invariably increase the demand for medical equipment, including various types of pressure monitoring devices.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 2,130.2 Million |
| Market Size by 2033 | US$ 3,375.3 Million |
| Global CAGR (2025 - 2033) | 5.2% |
| Historical Data | 2022-2023 |
| Forecast period | 2025-2033 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Latin America
|
| Market leaders and key company profiles |
Medtronic Plc, GE HealthCare Technologies Inc, Koninklijke Philips NV, Omron Healthcare Inc, Baxter International Inc, Becton Dickinson and Co, Abbott Laboratories, Terumo Corp, Integra LifeSciences Holdings Corp, and Dragerwerkag & Co KGaA, are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The Latin America Pressure Monitoring Devices Market is valued at US$ 2,130.2 Million in 2024, it is projected to reach US$ 3,375.3 Million by 2033.
As per our report Latin America Pressure Monitoring Devices Market, the market size is valued at US$ 2,130.2 Million in 2024, projecting it to reach US$ 3,375.3 Million by 2033. This translates to a CAGR of approximately 5.2% during the forecast period.
The Latin America Pressure Monitoring Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Latin America Pressure Monitoring Devices Market report:
The Latin America Pressure Monitoring Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Latin America Pressure Monitoring Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Latin America Pressure Monitoring Devices Market value chain can benefit from the information contained in a comprehensive market report.
E 1803, Panchshil Towers, Vagholi, Haveli, Pune- 412207, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Latin America Pressure Monitoring Devices Market
