Argentina Biosensors Market Size & Outlook, 2022-2030
Argentina biosensors market, 2018-2030 (US$M)
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Argentina biosensors market highlights
- The Argentina biosensors market generated a revenue of USD 227.6 million in 2022 and is expected to reach USD 423.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 227.6 million |
| Market revenue in 2030 | USD 423.1 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Electrochemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,459.4 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina biosensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 71.4% in 2022. Horizon Databook has segmented the Argentina biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is anticipated to witness a significant growth rate over the forecast period owing to the rising prevalence of diabetes and cardiovascular diseases. For instance, according to International Diabetes Federation, the prevalence of diabetes in the country was 6.3% as of May 2020.
Moreover, according to World Heart Federation, cardiovascular diseases account for 35.00% of deaths due to non-communicable diseases. It also reported that 81.00% of adult deaths occur due to non-communicable diseases in the country.
According to WHO, there has been a 44.00% decrease in deaths due to heart attack owing to increasing adoption of various treatment options, such as biosensors. Such factors indicate rising demand for biosensors in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Argentina biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina biosensors market size, by technology, 2018-2030 (US$M)
Argentina Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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