“Latin America General Surgical Devices Market“ offer significant and proficient insights into the current market scenario and the emerging growth dynamics. The report on Latin America General Surgical Devices Market provides the market players as well as the new visitors to show complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future.
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The Latin America General Surgical Devices Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered financial information of last 3 years, key development in past five years.
The Latin American general surgical devices market is expected to register a CAGR of 7.5% during the forecast period 2018 to 2023. Brazil dominates the market due to growing healthcare expenditure in the region.
Increasing Healthcare Expenditures in Latin America
Latin America spends a higher share of its GDP on healthcare expenditure. For instance, in 2016, Mexicoâs healthcare expenditure as a percentage of GDP was 6.5%, Brazil accounting for 8.5%, Chile spending 8.3%, and Argentinaâs accounting for 4.2%. Latin Americaâs total healthcare expenditure is expected to grow during the forecast period. In 2016, total healthcare expenditure spend in Mexico was EUR 60.52 billion, out of which 47.7% was sourced privately and 52.3% was sourced publically. Rising incomes and growing government initiatives in the healthcare sector, particularly in Brazil, Mexico, Chile, and Argentina, will likely continue to fuel the expansion of healthcare markets in Latin America. This rise in the healthcare expenditure is anticipated to pace the medical infrastructural development, which is likely to fuel the growth of the surgical devices market in the region. Additionally, growing demand for low-cost minimally invasive surgeries, a growing medical tourism industry in Latin America, and rising number of surgeries in the region are anticipated to drive the market for general surgical devices market in Latin America.
Lack of Physicians and Surgeons
The lack of surgical workforce has been the major restraining factors in many countries of Latin America. With an increasing aging population and a rise in medical tourism, the demand for physicians has increased in the region. A lack of trained surgeons and physicians is the most significant barrier for surgical care in Latin America. The medical conditions require surgical treatment and the shortage of surgeons is an important cause of the unmet need for surgical care. For instance, In Brazil, in 2013, 1.8 physicians per 1000 populations were reported. The lack of physician and surgeons and the high cost of new and technologically advanced surgical procedures are the factors restricting the growth of general surgical devices market in Latin America.
Brazil to Dominate the Market
Brazil was the second largest market for surgical procedures in terms of volume in 2014. Brazil has approximately 6,800 public and private hospitals, 195,000 service units, and 500,000 hospital beds. Mexico is expected to be the fastest growing market in the region owing to a growing number of cosmetics and plastic surgeries in Mexico.
Key Developments in the Market
â¢ November 2016: BR Surgical announced New Latin America Sales and Distribution Agreement with Dorian Drake International for Surgical Instruments and related medical devices
â¢ October 2017: Johnson & Johnson acquired German software company, Surgical Process Institute (SPI), for the digitalization and standardization of surgical workflows in the operating theatre.
Major Players: B. BRAUN MELSUNGEN AG, TELEFLEX INCORPORATED., BOSTON SCIENTIFIC CORPORATION, CADENCE INC. INTEGER HOLDINGS CORPORATION, GENICON INC., MEDTRONIC, CONMED CORPORATION, OLYMPUS CORPORATIONS, STRYKER CORPORATION, AND JOHNSON & JOHNSON, amongst others.
Reasons to Purchase this Report
â¢ Current and future Latin American general surgical devices market outlook in the developed and emerging markets
â¢ Analyzing various perspectives of the market with the help of Porterâs five forces analysis
â¢ The segment that is expected to dominate the market
â¢ Regions that are expected to witness fastest growth during the forecast period
â¢ Identify the latest developments, market shares and strategies employed by the major market players
â¢ 3 months analyst support along with the Market Estimate sheet (in Excel)
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Latin America General Surgical Devices Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Latin America General Surgical Devices Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Latin America General Surgical Devices market on the basis of product type, application, and region
- To forecast and analyze the size of the Latin America General Surgical Devices market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Latin America General Surgical Devices market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Latin America General Surgical Devices market
- To analyze opportunities in the Latin America General Surgical Devices market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Latin America General Surgical Devices market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Latin America General Surgical Devices Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Latin America General Surgical Devices trade
Marketing Channel Development Trend
Latin America General Surgical Devices Market Positioning
Distributors/Traders List enclosed in Positioning Latin America General Surgical Devices Market
Latin America General Surgical Devices Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Latin America General Surgical Devices Market 2019 report presents the descriptive analysis of the Latin America General Surgical Devices Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Latin America General Surgical Devices Market competitors.
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