Argentina Hearing Loss Disease Treatment Market Size & Outlook
Argentina hearing loss disease treatment market, 2018-2030 (US$M)
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Argentina hearing loss disease treatment market highlights
- The Argentina hearing loss disease treatment market generated a revenue of USD 149.3 million in 2023 and is expected to reach USD 199.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, devices was the largest revenue generating product in 2023.
- Drugs is the most lucrative product segment registering the fastest growth during the forecast period.
Hearing loss disease treatment market data book summary
| Market revenue in 2023 | USD 149.3 million |
| Market revenue in 2030 | USD 199.3 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Devices |
| Fastest growing segment | Drugs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Drugs |
| Key market players worldwide | Novartis AG ADR, Frequency Therapeutics, Acousia Therapeutics, Sensorion, Pipeline Therapeutics, Audina Hearing Instruments, Astellas Pharma Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global hearing loss disease treatment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hearing loss disease treatment 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 567.7 million by 2030.
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Hearing Loss Disease Treatment Market Scope
Hearing Loss Disease Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina hearing loss disease treatment 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 hearing loss disease treatment market will help companies and investors design strategic landscapes.
Devices was the largest segment with a revenue share of 90.09% in 2023. Horizon Databook has segmented the Argentina hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
The organization overseeing medical devices regulation in Argentina is called the Administración Nacional de Medicamentos, Alimentos y Tecnologa Médica (ANMAT). Similar to the European Union and Canada, ANMAT classifies medical devices into four subtypes on the basis of their potential risk, using a risk-based classification system (i.e., Class I – low risk; Class IV – high risk).
The registration procedure for pharmaceuticals and medical devices in Argentina was standardized with that in the other Mercosur countries, as of May 2006. Mercosur was established in 1991 to encourage free trade and the movement of people, goods, and financial assets between the coalition's members, Uruguay, Argentina, Brazil, and Paraguay.
Bolivia, Chile, Colombia, Ecuador, Guyana, Peru, and Suriname are included as associate countries. The manufacturer is required to have a facility or distributor registered with the Argentina Ministry of Health to register a product.
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Our clientele includes a mix of hearing loss disease treatment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into Argentina hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
Argentina Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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