Although the COVID-19 pandemic will have a negative impact on procedure volumes and market growth in 2020, the Latin America market for IC devices will expand moderately through 2029; driven by an expanding CAD patient pool and increasing adoption of premium-priced devices—such as next generation DES and intravascular imaging catheters and pressure guidewires—supporting revenues. However, continuing budgetary constraints among Latin American facilities will inhibit uptake of high-cost products and limit overall market growth.

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for interventional cardiology devices in Argentina, Brazil, Colombia, and Mexico across a 10-year period.

The Latin America IC device market will be impacted by the COVID-19 pandemic in the early years of the forecast.

What guidance or recommendations have been issued for IC procedures in the face of infection containment and self-isolation measures?

How will the pandemic impact clinical trials and product launches?

The Latin American market is dominated by international competitors.

What strategies are used by international competitors to succeed in this market?

What is the role of distributors in the success of international companies?

What strategies can new competitors employ to gain entry into the Latin American coronary stent market?

Device ASP trends will play a significant role in determining market growth through 2029.

How will ASP trends vary by country? What factors will contribute to these differences?

How will government-driven pricing pressures and increasing competition affect ASPs, and which product segments will be most impacted?

Adoption of some premium-priced products, such as DCBs and BRS, will be limited through 2029.

How will clinical trial results impact uptake of BRS devices by country?

What factors will limit adoption of premium-priced DCBs?

How are these technologies likely to evolve over the coming years?

Table of contents

  • Interventional Cardiology Devices - Market Insights - Latin America
    • Abstract
    • Executive Summary
      • COVID-19 Updates
        • Market Highlights
          • Factors Impacting the IC Device Market, by Product Type, Latin America
          • IC Device Market, by Product Type, Latin America (USD), 2019–2029
          • IC Device Market Landscape, Latin America (USD), 2019 and 2029
        • Competitive Highlights
          • Competitive Factors and Strategies, by Product Type, Latin America
          • IC Device Revenue Market Share Rankings, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration)
          • Companies Mentioned
        • Market Developments
          • Recent Events in the IC Device Market, Latin America
          • Key Clinical Trials in the IC Device Market, Latin America
          • Emerging Products for the IC Device Market, Latin America
        • Geographies Covered
          • Geographies Covered, Latin America
        • Procedures Covered
          • IC Procedures Covered, Latin America
        • Products Covered
          • IC Products Covered, Latin America
      • Key Report Updates
        • COVID-19 Analysis
          • Market Impact
            • COVID-19 Impact Assessment Summary, IC Device Market, Latin America
          • Guidance and Recommendations
            • Guidance and Recommendations for Interventional Cardiology Procedures
          • Major Market Forecast Changes and Assumptions
            • IC Device Market, by Product Type, Latin America (USD), 2019–2029 (Excluding COVID-19 Impact)
            • IC Device Market, by Product Type, Latin America (USD), 2019–2029 (Including COVID-19 Impact)
          • Competitive Impact
            • COVID-19 Competitive Factors and Strategies, IC Device Market, Latin America
            • COVID-19 Impact by Competitor, IC Device Market, Latin America
        • Interventional Cardiology Device Market
          • Market Highlights
            • Factors Impacting the IC Device Market, by Product Type, Latin America
            • IC Device Market, by Product Type, Latin America (USD), 2019–2029
            • IC Device Market, by Country, Latin America (USD), 2019–2029
          • Market Definitions
            • Market Forecast Data
              • IC Procedures, by Procedure Type, Latin America, 2019–2029
              • IC Procedures, by Approach, Latin America, 2019–2029
              • IC Procedures, by Country, Latin America, 2019–2029
              • Diagnostic Angiographies, by Country, Latin America, 2019–2029
              • PCIs, by Technique, Latin America, 2019–2029
              • PCIs, by Country, Latin America, 2019–2029
              • IC Device Market, by Product Type, Latin America (USD), 2019–2029
              • IC Device Market, by Country, Latin America (USD), 2019–2029
            • Competitive Highlights
              • Market Shares
                • IC Device Revenue Market Shares, Latin America, 2018 (shares displayed are from the previous iteration of the report)
                • IC Device Revenue Market Shares, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration of the report)
                • IC Device Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration of the report)
              • Competitive Factors and Strategies
                • Competitive Factors and Strategies, by Product Type, Latin America
              • Market Developments
                • Recent Events in the IC Device Market, Latin America
                • Key Clinical Trials in the IC Device Market, Latin America
                • Emerging Products for the IC Device Market, Latin America
            • Coronary Stent Market
              • Market Highlights
                • Coronary Stent Market, by Product Type, Latin America (USD), 2019–2029
                • Coronary Stent Market, by Country, Latin America (USD), 2019–2029
              • Market Definitions
                • Market Forecast Data
                  • Coronary Stent Procedures, by Technique, Latin America, 2019–2029
                  • Coronary Stent Procedures, by Product Type, Latin America, 2019–2029
                  • Coronary Stent Procedures, by Country, Latin America, 2019–2029
                  • PTCA-with-Stent Procedures, by Country, Latin America, 2019–2029
                  • Direct Stenting Procedures, by Country, Latin America, 2019–2029
                  • DES Procedures, by Country, Latin America, 2019–2029
                  • BMS Procedures, by Country, Latin America, 2019–2029
                  • BRS Procedures, by Country, Latin America, 2019–2029
                  • Coronary Stent Market, by Product Type, Latin America (USD), 2019–2029
                  • Coronary Stent Market Growth, by Product Type, Latin America, 2020–2029
                  • Coronary Stent Market, by Country, Latin America (USD), 2019–2029
                  • Coronary Stent Market Growth, by Country, Latin America, 2020–2029
                  • DES Market, by Country, Latin America (USD), 2019–2029
                  • DES Market Growth, by Country, Latin America, 2020–2029
                  • BMS Market, by Country, Latin America (USD), 2019–2029
                  • BMS Market Growth, by Country, Latin America, 2020–2029
                  • BRS Market, by Country, Latin America (USD), 2019–2029
                  • BRS Market Growth, by Country, Latin America, 2020–2029
                • Competitive Highlights
                  • Market Shares
                    • Coronary Stent Revenue Market Shares, Latin America, 2018 (shares displayed are from the previous iteration)
                    • Coronary Stent Revenue Market Shares, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration)
                    • Coronary Stent Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                    • DES Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                    • BMS Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                  • Competitive Factors and Strategies
                    • Competitive Factors and Strategies, by Product Type, Latin America
                • PTCA Balloon Catheter Market
                  • Market Highlights
                    • PTCA Balloon Catheter Market, by Product Type, Latin America (USD), 2019–2029
                    • PTCA Balloon Catheter Market, by Country, Latin America (USD), 2019–2029
                  • Market Definitions
                    • Market Forecast Data
                      • PTCA Balloon Catheter Procedures, by Technique, Latin America, 2019–2029
                      • PTCA Balloon Catheter Procedures, by Country, Latin America, 2019–2029
                      • PTCA-with-Stent Procedures, by Country, Latin America, 2019–2029
                      • POBAs, by Country, Latin America, 2019–2029
                      • Direct Stenting with Postdilation Procedures, by Country, Latin America, 2019–2029
                      • PTCA Balloon Catheter Market, by Product Type, Latin America (USD), 2019–2029
                      • PTCA Balloon Catheter Market Growth, by Product Type, Latin America, 2020–2029
                      • PTCA Balloon Catheter Market, by Country, Latin America (USD), 2019–2029
                      • PTCA Balloon Catheter Market Growth, by Country, Latin America, 2020–2029
                      • Normal PTCA Balloon Catheter Market, by Country, Latin America (USD), 2019–2029
                      • Normal PTCA Balloon Catheter Market Growth, by Country, Latin America, 2020–2029
                      • Specialty PTCA Balloon Catheter Market, by Country, Latin America (USD), 2019–2029
                      • Specialty PTCA Balloon Catheter Market Growth, by Country, Latin America, 2020–2029
                      • Drug-Coated PTCA Balloon Catheter Market, by Country, Latin America (USD), 2019–2029
                      • Drug-Coated PTCA Balloon Catheter Market Growth, by Country, Latin America, 2020–2029
                    • Competitive Highlights
                      • Market Shares
                        • PTCA Balloon Catheter Revenue Market Shares, Latin America, 2018 (shares displayed are from the previous iteration)
                        • PTCA Balloon Catheter Revenue Market Shares, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration)
                        • PTCA Balloon Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                        • Normal PTCA Balloon Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                        • Specialty PTCA Balloon Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                        • Drug-Coated PTCA Balloon Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                      • Competitive Factors and Strategies
                        • Competitive Factors and Strategies, by Product Type, Latin America
                    • Accessory Device Market
                      • Market Highlights
                        • Accessory Device Market, by Product Type, Latin America (USD), 2019–2029
                        • Accessory Device Market, by Country, Latin America (USD), 2019–2029
                      • Market Definitions
                        • Market Forecast Data
                          • Accessory Device Market, by Product Type, Latin America (USD), 2019–2029
                          • Accessory Device Market, by Country, Latin America (USD), 2019–2029
                          • PTCA Guidewire Market, by Country, Latin America (USD), 2019–2029
                          • PTCA Guidewire Market Growth, by Country, Latin America, 2020–2029
                          • Diagnostic Catheter Market, by Country, Latin America (USD), 2019–2029
                          • Diagnostic Catheter Market Growth, by Country, Latin America, 2020–2029
                          • PTCA Guiding Catheter Market, by Country, Latin America (USD), 2019–2029
                          • PTCA Guiding Catheter Market Growth, by Country, Latin America, 2020–2029
                          • Introducer Sheath Market, by Country, Latin America (USD), 2019–2029
                          • Introducer Sheath Market Growth, by Country, Latin America, 2020–2029
                        • Competitive Highlights
                          • Market Shares
                            • Accessory Device Revenue Market Shares, Latin America, 2018 (shares displayed are from the previous iteration)
                            • Accessory Device Revenue Market Shares, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration)
                            • Accessory Device Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                            • PTCA Guidewire Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                            • Diagnostic Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                            • PTCA Guiding Catheter Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                            • Introducer Sheath Revenue Market Shares, by Country, Latin America, 2018 (shares displayed are from the previous iteration)
                          • Competitive Factors and Strategies
                            • Competitive Factors and Strategies, by Product Type, Latin America
                        • Intravascular Imaging Catheter and Pressure Guidewire Market
                          • Market Highlights
                            • Intravascular Imaging Catheter and Pressure Guidewire Market, by Product Type, Latin America (USD), 2019–2029
                            • Intravascular Imaging Catheter and Pressure Guidewire Market, by Country, Latin America (USD), 2019–2029
                          • Market Definitions
                            • Market Forecast Data
                              • Intravascular Imaging Catheter and Pressure Guidewire Procedures, by Product Type, Latin America, 2019–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Procedures, by Country​, Latin America, 2019–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Market, by Product Type, Latin America (USD), 2019–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Market Growth, by Product Type, Latin America, 2020–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Market, by Country, Latin America (USD), 2019–2029
                              • Intravascular Imaging Catheter and Pressure Guidewire Market Growth, by Country, Latin America, 2020–2029
                            • Competitive Highlights
                              • Market Shares
                                • Intravascular Imaging Catheter and Pressure Guidewire Device Revenue Market Shares, Latin America, 2018 (shares displayed are from the previous iteration)
                                • Intravascular Imaging Catheter and Pressure Guidewire Market Device Revenue Market Shares, by Product Type, Latin America, 2018 (shares displayed are from the previous iteration)
                              • Competitive Factors and Strategies
                                • Competitive Factors and Strategies, Latin America
                            • Appendix
                              • Abbreviations
                                • Bibliography

                              Author(s): Sangeetha Iyer, Pharm.D

                              Sangeetha Iyer is a senior analyst within the Cardiovascular Medtech Insights team at Decision Resource Group, specializing in structural heart closure and vascular access device markets across the Asia Pacific region, as well as medical device pricing and regulations in China and Japan. Sangeetha has represented India at the European Society of Cardiology conference in Greece (2016) and Sweden (2017), where her research poster was awarded the top prize. Sangeetha holds a Doctor of Pharmacy degree from the Manipal Academy of Higher Education. Follow Sangeetha on twitter: @Slyer_DRG