South & Central America Medical Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical devices, Cardivascular devices, Orthopedic, Infection control devices, Ophthalmology, Endoscopy, Neurology, Others); Function (Diagnostic and Monitoring, Surgical, Therapeutics, Others), End Use (Hospital, Ambulatory Care, Homecare, Others) and Country

Code: TIPRE00016219 | Pages: 109 | Industry: Medical Device | Date: Nov 2020 | Type: Regional

Market Introduction

This research report provides insights into the South & Central America Medical Devices market. A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more.

 


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Market Overview and Dynamics

The South & Central America Medical Devices 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. South and Central America (SCAM) region consists of Brazil and Rest of SCAM. Brazil is expected to have the major market share in this region. Also, it is projected to grow with highest growth rate. Aging population coupled with increasing demand for advanced medical technologies are expected to accelerate growth of the Medical Devices Market. Argentina is one of the largest country in the region. The country has a vital role to play in the medical equipment industry. The country has to experience development in the private and public healthcare sectors. Further, Argentina is strengthening its human resources with highly skilled professionals across all the healthcare sectors. Argentina offers high-quality health services, which are considered among the best in Latin America. In cities, Buenos Aires, Córdoba, or Mendoza, hospitals, and clinics have advanced infrastructure with competent medical staff. Thus, it is expected that the country owes significant growth opportunities for the market.

Key Market Segments

In terms of product type, the In Vitro Diagnostics (IVD) segment held the largest share of the market in 2019; However, neurology devices is estimated to register the highest CAGR of 7.1% in the market during the forecast period. The growing hospital incidences of hospital acquired infections and new developments by the market players is likely to drive the market growth. In terms of function, the Diagnostic and Monitoring segment held a larger share of the market in 2019 and surgical segment is estimated to register a higher market share in the market during the forecast period. In terms of end use, the hospital segment held a larger share of the market in 2019 and also is estimated to register a higher market share in the market during the forecast period.

Major Sources and Companies Listed

The World Health Organization (WHO), Federal Economic Development Agency for Southern Ontario, Scientific Institutes for Research, Hospitalization, and Care, are some of the major primary and secondary sources for the South & Central America Medical Devices market included in the report.

Reasons to buy the report

  • To understand the South & Central America Medical Devices market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for the South & Central America Medical Devices market
  • Efficiently plan M&A and partnership deals in the South & Central America Medical Devices market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the South & Central America Medical Devices market
  • Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region

South & Central America Medical Devices Market Segmentation

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

By Function

  • Diagnostic and Monitoring
  • Surgical
  • Therapeutics
  • Others

By End Use

  • Hospital
  • Ambulatory Care
  • Homecare
  • Others

Company Profiles

  • 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.
 

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Medical Devices Market – By Product Type

1.3.2        Medical Devices Market – By Function

1.3.3        Medical Devices Market – By End User

1.3.4        SCAM Medical Devices Market – By Geography

2.             Medical Devices Market – Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Medical Devices Market – Market Landscape

4.1       Overview

4.1.1        South and Central America

4.2       Expert Opinion

5.             Medical Devices Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Growing Medical Device Industry

5.1.2        Rising Chronic Disease Prevalence

5.2       Market Restraints

5.2.1        Challenges in Medical Device Industry

5.3       Market Opportunities

5.3.1        Long Term Benefits Associated with Medical Devices

5.4       Future Trends

5.4.1        Smart Medical Devices Revolutionising Medical Device Industry

5.5       Impact Analysis

6.             Medical Device Market Analysis – By Product Type

6.1       Overview

6.2       Medical Devices Market Share, by Product Type, 2019 and 2027 (%)

6.3       Surgical Devices

6.3.1        Overview

6.3.2        Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.3.3        Electrosurgical Generators

6.3.3.1      Overview

6.3.3.2      Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.3.4        Ultrasonic Surgical Generators

6.3.4.1      Overview

6.3.4.2      Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.3.5        Minimally Invasive Surgery Instruments

6.3.5.1      Overview

6.3.5.2      Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027  (US$ Million)

6.3.6        Others

6.3.6.1      Overview

6.3.6.2      Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.4       Infection Control Devices

6.4.1        Overview

6.4.2        Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.5       General Medical Devices

6.5.1        Overview

6.5.2        General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.6       Cardiovascular Devices

6.6.1        Overview

6.6.2        Cardiovascular Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

6.7       Neurological Devices

6.7.1        Overview

6.7.2        Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

6.8       Ophthalmology Devices

6.8.1        Overview

6.8.2        Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027  (US$ Million)

6.9       Orthopedic Devices

6.9.1        Overview

6.9.2        Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

6.10    In-vitro Diagnostic Devices

6.10.1     Overview

6.10.2     In-vitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

6.11    Endoscopy Devices

6.11.1     Overview

6.11.2     Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

6.12    Others

6.12.1     Overview

6.12.2     Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.             Medical Devices Market– By Function

7.1       Overview

7.2       Medical Devices Market Share, by Function, 2019 and 2027 (%)

7.3       Diagnostic and Monitoring

7.3.1        Overview

7.3.2        Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

7.4       Therapeutics

7.4.1        Overview

7.4.2        Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

7.5       Surgical

7.5.1        Overview

7.5.2        Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

7.6       Others

7.6.1        Overview

7.6.2        Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

8.             Medical Device Market Analysis – By End User

8.1       Overview

8.2       Medical Device Market Share, by End User, 2019 and 2027, (%)

8.3       Hospitals

8.3.1        Overview

8.3.2        Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Homecare

8.4.1        Overview

8.4.2        Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Ambulatory Care

8.5.1        Overview

8.5.2        Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Others

8.6.1        Overview

8.6.2        Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

9.             Medical Devices Market – Geographic Analysis

9.1       South and Central America: Medical Devices Market

9.1.1        Overview

9.1.2        South and Central America: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.3        South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

9.1.3.1      South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027  (USD Million)

9.1.4        South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027  (USD Million)

9.1.5        South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027  (USD Million)

9.1.6        South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)

9.1.6.1      Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2      Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.3      Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.3.1       Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

9.1.6.4      Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

9.1.6.5      Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

9.1.6.6      Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.6.1       Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.6.2       Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

9.1.6.6.2.1           Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

9.1.6.6.3       Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

9.1.6.6.4       Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.          Impact Of COVID-19 Pandemic On SCAM Medical Devices Market

10.1    SCAM: Impact Assessment of COVID-19 Pandemic

11.          COMPANY PROFILES

11.1    Medtronic

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2    Abbott

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3    Boston Scientific Corporation

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4    Braun Melsungen AG

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5    3M

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6    General Electric Company

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7    Stryker Corporation

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8    Koninklijke Philips N.V.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9    Siemens AG

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10 Johnson and Johnson Services, Inc.

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

11.10.6   Key Developments

12.          Appendix

12.1    Glossary of Terms

LIST OF TABLES

Table 1.             South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027  (USD Million)

Table 2.             South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027  (USD Million)

Table 3.             South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 4.             South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 5.             Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 6.             Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 7.             Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 8.             Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 9.             Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 10.          Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 11.          Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 12.          Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 13.          Glossary of Terms, Medical Devices Market

 


LIST OF FIGURES

Figure 1.           Medical Devices Market Segmentation

Figure 2.           Medical Devices Market – By Geography

Figure 3.           Medical Devices Market Overview

Figure 4.           In Vitro Diagnostics (IVD) Segment Held Largest Share of Medical Devices Market in 2019

Figure 5.           Medical Devices Market in Asia Pacific Region to Show Remarkable Growth During Forecast Period

Figure 6.           SCAM Medical Devices Market, Industry Landscape

Figure 7.           South and Central America PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Medical Devices Market Impact Analysis of Driver and Restraints

Figure 10.        Medical devices market Share, by Product Type, 2019 and 2027 (%)

Figure 11.        Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 17.        General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Cardiovascular Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027  (US$ Million)

Figure 21.        Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Invitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Medical Devices Market Share, by Function, 2019 and 2027 (%)

Figure 26.        Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 27.        Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 28.        Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 29.        Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 30.        Medical Device Market Share, by End User, 2019 and 2027 (%)

Figure 31.        Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 35.        South and Central America: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 36.        South and Central America Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 37.        South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 38.        Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 39.        Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 40.        Impact Of COVID-19 Pandemic In SCAM Market

 

  1. Medtronic
  2. Abbott
  3. Boston Scientific Corporation
  4. Braun Melsungen AG
  5. 3M
  6. General Electric Company
  7. Stryker Corporation
  8. Koninklijke Philips N.V.
  9. Siemens AG;
  10. Johnson and Johnson Services, Inc.
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