Latin America General Surgical Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Products and Applications.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

7.9 %

Major Players:

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Market Overview

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, 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 in Latin America.

However, the lack of physician and surgeons and the high cost of new and technologically advanced surgical procedures are the factors restraining the growth of general surgical devices market in Latin America.

Scope of the Report

Surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The scope of the report covers several market aspects of the surgical devices in relation to products, applications.

Products
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
Applications
Gynecology and Urology
Cardiology
Orthopaedic
Neurology
Other Applications
Geography
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

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Key Market Trends

Handheld Surgical Devices are expected to witness healthy growth over the forecast period

Handheld Surgical Devices are becoming increasingly advanced. The large-scale use of advanced surgical instruments in the recent years is driving the market for handheld devices in Latin America. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhance a surgeon’s dexterity. Many innovations have been made owing to the need for high reliability, accuracy and patient safety. The aging population, rise in obesity, and increase in chronic diseases are accelerating the demand for such advanced treatment approaches. New cordless handheld devices are one such innovation that has added a level of comfort and control for surgeons. Covidien's Lapro-ClipTM clip applier is another handheld medical device used to ligate blood vessels during laparoscopic surgery. The handheld surgical instruments segment accounted for the largest share of the surgical devices market. Emerging economies across Latin America present great opportunities for handheld surgical equipment manufacturers. 

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Competitive Landscape

Latin America General Surgical Devices market has rapidly evolved over the last few years. Industry observed significant changes in adopting market strategies such as product developments, mergers and acquisitions in recent years. Thus, the market has become competitive. Major companies in the market are B. Braun Melsungen AG, Teleflex Incorporated., Boston Scientific Corporation, Integer Holdings Corporation, Medtronic, Conmed Corporation, Olympus Corporations, Stryker Corporation, and Johnson & Johnson, amongst others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Healthcare Expenditures

      2. 4.2.2 Growing Cases of Injuries and Accidents

      3. 4.2.3 Growing Demand for Minimally Invasive Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Government Regulations

      2. 4.3.2 Improper Reimbursement for Surgical Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Products

      1. 5.1.1 Handheld Devices

      2. 5.1.2 Laproscopic Devices

      3. 5.1.3 Electro Surgical Devices

      4. 5.1.4 Wound Closure Devices

      5. 5.1.5 Trocars and Access Devices

      6. 5.1.6 Other Products

    2. 5.2 Applications

      1. 5.2.1 Gynecology and Urology

      2. 5.2.2 Cardiology

      3. 5.2.3 Orthopaedic

      4. 5.2.4 Neurology

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Latin America

        1. 5.3.1.1 Mexico

        2. 5.3.1.2 Brazil

        3. 5.3.1.3 Argentina

        4. 5.3.1.4 Rest of Latin America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Conmed Corporation

      3. 6.1.3 Integer Holdings Corporation

      4. 6.1.4 Johnson & Johnson

      5. 6.1.5 Getinge AB.

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Olympus Corporations

      8. 6.1.8 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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