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The Latin America General Surgical Devices Market is Segmented by Products (Handheld Devices, Laproscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices and Other Products) and Applications and Geography
The Latin America general surgical devices market is expected to register a CAGR of nearly 7.9% during the forecast period. 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.
As per the 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.
|Electro Surgical Devices|
|Wound Closure Devices|
|Trocars and Access Devices|
|Gynecology and Urology|
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The 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.
Therefore the handheld surgical instruments segment has been 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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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.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Healthcare Expenditures
4.2.2 Growing Cases of Injuries and Accidents
4.2.3 Growing Demand for Minimally Invasive Devices
4.3 Market Restraints
4.3.1 Stringent Government Regulations
4.3.2 Improper Reimbursement for Surgical Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2.1 Gynecology and Urology
5.2.5 Other Applications
5.3.1 Latin America
22.214.171.124 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 Conmed Corporation
6.1.3 Johnson & Johnson
6.1.4 Getinge AB
6.1.5 Medtronic PLC
6.1.6 Olympus Corporations
6.1.7 Stryker Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments