Argentina Glaucoma Surgery Devices Market Size & Outlook
Argentina glaucoma surgery devices market, 2018-2030 (US$M)
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Argentina glaucoma surgery devices market highlights
- The Argentina glaucoma surgery devices market generated a revenue of USD 19.8 million in 2023 and is expected to reach USD 26.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Glaucoma drainage device is the most lucrative product segment registering the fastest growth during the forecast period.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 19.8 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Glaucoma drainage device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Punches, USC maker, USC planner, USC shaver, Forceps, Algerbrush, Probes, Diamond knives, Glaucoma drainage device, Laser system |
| Key market players worldwide | Alcon Inc, Glaukos Corp, Johnson & Johnson, AbbVie Inc, Carl Zeiss Meditec AG, Lumenis, Ziemer Ophthalmic Systems, IRIDEX Corp, Corza Health, Katalyst Surgical, Altomed |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.2% of the global glaucoma surgery devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil glaucoma surgery devices 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 86.2 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.78% in 2023. Horizon Databook has segmented the Argentina glaucoma surgery devices market based on punches, usc maker, usc planner, usc shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare spending in Argentina represents around 7.0% of the total GDP, and 70.0% to 75.0% of medical products in Argentina are imported. The country mostly imports medical devices from the U.S. The U.S. is one of Argentina’s noteworthy exporters and is positioned among the best three source nations in FDI.
Furthermore, unavailability or limited availability of resources in Argentina has also restrained many major market players from entering the market. Thus, the market is anticipated to grow at a very low rate over the forecast period. Argentina’s medical device market offers excellent business opportunities as it virtually imports all medical applications.
Despite stringent currency regulations, high inflation, and low foreign investment, the country is still an attractive destination for medical device manufacturers. This is due to the high demand for imported essentials & specialized medical equipment, a reasonable regulatory approval timeline, and the country’s remarkable hospital capacity.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Argentina Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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