South America Therapeutic Devices Market Outlook, 2028

The South American therapeutic device market exemplifies the region's dynamic healthcare sector, which is marked by innovation, technical developments, and a dedication to enhancing patient care. This market sector, which includes a wide range of medical devices designed for therapeutic uses, has seen significant expansion and transition, reflecting the region's goal of excellence in healthcare delivery. Furthermore, the region's healthcare infrastructure is critical to influencing the market's trajectory. South American countries have gradually improved their healthcare systems by investing in modern facilities and implementing cutting-edge medical technology. This commitment helps to establish an environment conducive to the adoption of novel therapeutic devices, thereby boosting access to quality healthcare for a varied population. The therapeutic device market in South America is changing due to the rise of telemedicine, remote patient monitoring, and wearable devices. These technologies improve healthcare accessibility, particularly in remote or underserved areas, and empower patients to actively participate in their treatment path. Looking ahead, the market's future is promising, driven by continued technological developments, demographic transitions, and an increasing emphasis on preventative healthcare. The combination of digital health solutions, personalised medicine, and cutting-edge therapeutic gadgets is projected to reshape healthcare practices in South America, providing specialised and efficient solutions that adapt to individual patient demands. South America is seeing a significant increase in therapeutic device usage, owing to improved healthcare infrastructure and increased healthcare expenditure in nations such as Brazil, Argentina, Colombia, and Chile. The region's medical device market is quickly increasing, creating lucrative prospects for device manufacturers and healthcare providers. Some South American countries have increased their attempts to manufacture medicinal devices locally. Brazil, for example, has a sizable medical device manufacturing business that produces a diverse range of products such as orthopaedic implants, dental equipment, and diagnostic imaging devices, supporting domestic growth.

According to the research report "South America Therapeutic Device Market Outlook, 2028," published by Bonafide Research, the South America Therapeutic Device market is projected to add more than USD 4 Billion from 2023 to 2028. Medical device regulatory regulations differ across South American countries. While some nations have strict laws that are in line with international standards, others are attempting to improve regulatory frameworks in order to maintain the safety and quality of therapeutic devices while encouraging innovation and market expansion. Some South American countries, particularly Brazil and Colombia, have acquired popularity as medical tourism destinations. International patients seeking specialised treatments and procedures are drawn to advanced healthcare facilities, including the availability of cutting-edge therapeutic technology and competent medical experts. South American countries have natural resources that are critical for the development of medical devices. Brazil's abundance of raw materials, such as titanium, for example, helps the country's production capacity for orthopaedic implants and other medical equipment. As a result of the expanding incidence of these disorders, therapeutic devices customised for chronic disease management, such as insulin pumps for diabetes or respiratory support systems for conditions like COPD, are seeing increased use across the region. South America is increasingly becoming a desirable location for clinical trials and research collaborations in the healthcare sector. The region's diversified population and healthcare demands provide chances for conducting clinical trials and developing medicines, which in turn affects demand for therapeutic devices.

Based on country market is divided into three major countries, Brazil, Argentina and Colombia. Brazil is expected to lead the South America therapeutic device market.

Brazil's medical device manufacturing business is expanding, and the country is emphasising domestic production while reducing its reliance on imports. This dynamic shapes market rivalry and therapeutic device availability. The frequency of particular health issues, such as diabetes, cardiovascular illnesses, and infectious diseases, influences demand for therapeutic equipment meant to manage them. Brazil's healthcare system is a hybrid, combining a robust private healthcare business with the public universal healthcare system (SUS). The interaction of these systems influences how therapeutic innovations are funded, adopted, and made available. Brazil's diverse climate and environmental aspects have an impact on the country's healthcare needs, especially in locations where certain health conditions are more prevalent. Brazil is South America's largest economy, offering a solid platform for investments in healthcare infrastructure and medical technologies. The country's economic strength adds to therapeutic device affordability and accessibility, establishing a favourable environment for market expansion. Brazil's medical device sector is thriving, with a focus on technical innovation. The country is home to various R&D centres, which stimulate the development of cutting-edge treatment technologies. This innovative strategy puts Brazil at the leader of accepting and adapting to medical technological improvements.

Based on product market is segmented into insulin delivery devices, dialysis equipments, IV equipments, wound care management, and others (ventilators, sleep apnea therapeutic device, respiratory care, hearing aids). IV equipments are in significant demand in South America therapeutic device market.



Diabetes, cardiovascular disease, and respiratory ailments are among the most common chronic diseases in South America. Patients with chronic illnesses frequently require continuous intravenous therapy, which contributes to the ongoing demand for IV equipment. The use of IV equipment for anaesthesia delivery, pain management, and hydration administration during and after surgical interventions is becoming more common in South America due to an increase in the number of operations and medical procedures. IV equipment is essential in emergency rooms and critical care units to treat patients with quick medication and fluids. The demand for IV equipment is high, owing to the growing demand for emergency healthcare services. South America has experienced infectious illness concerns such as dengue fever, and malaria disease. IV equipment is essential for administering medications and fluids for the treatment of certain disorders, which contributes to the need for such devices. IV equipment is vital in obstetric and paediatric care for giving drugs, fluids, and nutrients to pregnant women and newborns. The region's improved maternal and child healthcare initiatives fuel the demand for IV equipment in these settings. South American governments' initiatives to increase healthcare access and services frequently include expenditures on medical equipment, notably IV devices. Public healthcare programmes and initiatives help hospitals and clinics purchase critical medical devices.

Based on end user market is bifurcated into hospitals and clinics, home care settings, ambulatory care centers (ACCs) and other end user. Hospitals and clinics are major end users of therapeutic devices in South America. Based on indication market includes wound care, diabetes, respiratory diseases, cardiovascular disorders & hypertension, cancer, pregnancy, hearing disorders, movement disorders and other indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV).

South American hospitals and clinics serve as centralised hubs for healthcare services. They serve a wide spectrum of medical needs, providing comprehensive treatments in a variety of disciplines. As a result, patients require a wide range of therapeutic equipment to assist with various medical operations and patient care. South American hospitals and clinics frequently provide modern medical care, such as operations, specialised treatments, and diagnostic techniques. To provide high-quality healthcare services, these institutions require a wide range of therapeutic gadgets, including imaging devices, surgical equipment, and patient monitoring systems. In general, hospitals and clinics throughout South America encounter a huge number of individuals seeking medical assistance. Given the high patient load, a wide range of treatment devices are required to address the different healthcare needs of the population. Wound care and cardiovascular disorders and hypertension are major disease in South America that requires therapeutic device and is significantly propelling the South America therapeutic device market.

Companies Covered in this report:

Novo Nordisk A/S , Sanofi S.A., Medtronic plc , Terumo Corporation, Becton, Dickinson and Company, F. Hoffmann-La Roche AG,, B. Braun Melsungen AG, Baxter International Inc., Nipro Corporation, Fresenius Medical Care AG & Co. KGaA, WS Audiology A/S, Koninklijke Philips N.V.

Considered in this report:

• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• South America Therapeutic Device market Outlook with its value and forecast along with its segments
• Country-wise Therapeutic Device market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• Brazil
• Argentina
• Colombia

By Product:

• Insulin Delivery Devices
• Dialysis Equipments
• IV Equipments
• Wound Care Management
• Others (ventilators, sleep apnea therapeutic device, respiratory care, hearing aids)

By End User:

• Hospitals and Clinics
• Home Care Settings
• Ambulatory Care Centers (ACCs)
• Other End User

By Indication:

• Wound Care
• Diabetes
• Respiratory Diseases
• Cardiovascular Disorders & Hypertension
• Cancer
• Pregnancy
• Hearing Disorders
• Movement Disorders
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Therapeutic Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.