Argentina Drug Device Combination Products Market Size & Outlook
Argentina drug device combination products market, 2018-2030 (US$M)
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Argentina drug device combination products market highlights
- The Argentina drug device combination products market generated a revenue of USD 593.1 million in 2023 and is expected to reach USD 933.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Photodynamic Therapy Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Drug device combination products market data book summary
| Market revenue in 2023 | USD 593.1 million |
| Market revenue in 2030 | USD 933.1 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Photodynamic Therapy Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global drug device combination products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil drug device combination products market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,306.6 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina drug device combination products 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 drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.2% in 2023. Horizon Databook has segmented the Argentina drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare spending in Argentina accounts for ~7% of the total GDP. In this country, 70% to 75% of medical products are imported. The U.S. exports medical devices to Argentina as the country has the most technologically advanced products. Argentina remains a key market in Latin America for the U.S.
The U.S. is one of Argentina's noteworthy exporters and is among the three best FDI source countries. Imports of medical products must be performed by an importer registered with Administración Nacional de Medicamentos, Alimentos y Tecnología Médica (ANMAT), the Argentine equivalent to the U.S. FDA, as a frequent importer of medical devices.
According to The International Trade Administration, the market for medical devices and equipment in Argentina is dominated by imports, which make up between 65% and 80% of the total market. With a 17% import rate, the U.S. has historically been a major supplier of medical items to Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina drug device combination products market , including forecasts for subscribers. This country databook contains high-level insights into Argentina drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina drug device combination products market size, by product, 2018-2030 (US$M)
Argentina Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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