Latin America Laparoscopic Devices Market Outlook (2021-2031)

The Latin America laparoscopic devices market is expected to reach USD 2,242.6 million by 2031, up from USD 1,161.9 million in 2024. The market is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2031.

Executive Summary and Latin America Laparoscopic Devices Market Analysis:

The laparoscopic devices market in Latin America is experiencing significant growth, driven by the rising prevalence of chronic diseases, technological advancements in laparoscopy, and an increasing demand for minimally invasive surgeries. This market is expanding rapidly, fueled by the adoption of minimally invasive procedures and the rising number of chronic disease cases. Key market drivers include technological innovations, and countries such as Brazil, Mexico, and Argentina are leading this growth through improvements in healthcare infrastructure and a growing understanding of the benefits of laparoscopic procedures.

A notable development is the launch of CMR Surgical's Versius Surgical Robotic System in Brazil in May 2022, which has contributed to the rising trend of robotic-assisted laparoscopic surgeries in the region. Additionally, Medtronic's release of AI capabilities with their Touch Surgery Live Stream in April 2024 aims to improve the analysis of post-operative procedures. Olympus Corporation also introduced its new 5mm POWERSEAL Sealer/Divider devices in August 2024, which enhance sealing and assist with dissection.

Latin America Laparoscopic Devices Market Segmentation Analysis:

The laparoscopic devices market can be segmented based on product, application, and end user.

By Product:The market is categorized into energy systems, laparoscopes, suction devices, robot-assisted systems, insufflation devices, and access devices. The laparoscope segment dominated in 2024.

By Application:The market is divided into general surgery, bariatric surgery, gynecological surgery, colorectal surgery, and others. The general surgery segment held the largest market share in 2024.

By End User:The market is segmented into hospitals and clinics, and ambulatory surgical centers, with hospitals and clinics holding the largest share in 2024.

Latin America Laparoscopic Devices Market Outlook

The Latin America laparoscopic devices market includes Mexico, Brazil, Argentina, Peru, Chile, and Colombia. The market is witnessing notable growth, fueled by increasing healthcare investments, a preference for minimally invasive procedures, and advancements in medical technology. Brazil, Mexico, and Argentina are at the forefront of this growth, driven by factors such as a rising prevalence of chronic illnesses, an aging population, and a shift toward cost-effective surgical options. The adoption of robot-assisted laparoscopic systems is gaining traction, particularly in private healthcare facilities, enhancing surgical precision and patient outcomes.

However, challenges such as high system costs, limited access to trained professionals, and disparities in healthcare infrastructure may impact the pace of market growth. Despite these challenges, the Latin American laparoscopic devices market presents promising opportunities for growth, driven by ongoing healthcare reforms, technological innovations, and an increasing patient demand for minimally invasive surgical options.

Country Insights

The Latin America laparoscopic devices market can be segmented by region into Mexico, Brazil, Argentina, Peru, Chile, and Colombia. In 2024, Brazil held the largest market share.

Notably, Egypt has made significant strides by being the first country in Latin America to introduce robotic surgery in 2003, maintaining an impressive record since then. Laparoscopic procedures are increasingly becoming common throughout the region. A large study, the Latin American Surgical Outcomes Study (LASOS), was conducted between June 2022 and April 2023, involving 17 Latin American countries, including Brazil, Mexico, Argentina, Peru, Chile, and Colombia. This study surveyed over 22,000 patients who underwent inpatient surgeries, indicating a significant volume of surgical interventions.

In relation to bariatric surgeries, a 2024 study analyzing five years of data from the LATAM CQI multi-institutional registry revealed that in Mexico, the Roux-en-Y gastric bypass (RYGB) was the most frequently performed bariatric procedure, followed by sleeve gastrectomy (SG). In the broader LATAM registry, which includes additional countries, sleeve gastrectomy was more prevalent, followed by RYGB. This study, published in December 2024, reported on 3,344 patients in Mexico and 10,383 patients from other LATAM institutions.

For colorectal surgeries, research published in January 2025 indicated that Brazil has been the most prolific country in colorectal cancer research in Latin America, followed by Mexico and Argentina. This suggests a high incidence and focus on this area. While specific data on laparoscopic colorectal procedures is less available, the increasing incidence of colorectal cancer across the region, as noted in a February 2024 report, highlights the growing need for surgical interventions, with laparoscopy being the preferred method due to its advantages. Furthermore, a systematic review published in October 2024 on robotic colorectal surgery in Latin America noted that the first robotic-assisted colorectal procedure in the region was carried out in Brazil in 2008, marking the gradual adoption of advanced laparoscopic techniques.

Company Profiles

Key players in the Latin American laparoscopic devices market include Medtronic PLC, Johnson & Johnson, Olympus Corporation, Stryker Corporation, Karl Storz SE & Co. KG, Boston Scientific Corporation, B. Braun SE, Smith & Nephew PLC, Conmed Corporation, and Intuitive Surgical Inc. These companies employ strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and provide innovative products to their consumers. Show more