Argentina Implantable Cardioverter Defibrillators Market Size & Outlook
Argentina implantable cardioverter defibrillators market, 2018-2030 (US$M)
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Argentina implantable cardioverter defibrillators market highlights
- The Argentina implantable cardioverter defibrillators market generated a revenue of USD 45.3 million in 2023 and is expected to reach USD 66.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, transvenous implantable cardioverter-defibrillators was the largest revenue generating product in 2023.
- Subcutaneous Implantable Cardioverter Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Implantable cardioverter defibrillators market data book summary
| Market revenue in 2023 | USD 45.3 million |
| Market revenue in 2030 | USD 66.2 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transvenous Implantable Cardioverter-Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corp, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.2% of the global implantable cardioverter defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil implantable cardioverter defibrillators 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 87.4 million by 2030.
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Implantable Cardioverter Defibrillators Market Scope
Implantable Cardioverter Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina implantable cardioverter defibrillators 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 implantable cardioverter defibrillators market will help companies and investors design strategic landscapes.
Transvenous implantable cardioverter-defibrillators was the largest segment with a revenue share of 90.73% in 2023. Horizon Databook has segmented the Argentina implantable cardioverter defibrillators market based on transvenous implantable cardioverter-defibrillators, subcutaneous implantable cardioverter defibrillators covering the revenue growth of each sub-segment from 2018 to 2030.
The high prevalence of CVDs in Argentina is a key factor driving the growth of the ICD market. According to the World Population Review’s “Heart Disease Rates by Country 2022,” Argentina has a significant severe heart disease incidence rate, with over 993 cases per 100,000 people annually.
This indicates a substantial burden of heart disease in the country, emphasizing the importance of accurate diagnosis and effective treatment for cardiovascular conditions. Moreover, due to the large population affected by heart disease in Argentina, the demand for cardiovascular devices, specifically ICDs, is growing.
The availability of these devices is critical to cater to the population’s healthcare needs and improving patient outcomes. As a result, the ICD market is expected to grow as it addresses the demand due to the high burden of CVDs and the need for reliable diagnosis & treatment options.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina implantable cardioverter defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into Argentina implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina implantable cardioverter defibrillators market size, by product, 2018-2030 (US$M)
Argentina Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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