Argentina Laparoscopic Devices Market Size & Outlook
Argentina laparoscopic devices market, 2018-2030 (US$M)
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Argentina laparoscopic devices market highlights
- The Argentina laparoscopic devices market generated a revenue of USD 154.8 million in 2023 and is expected to reach USD 265.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 154.8 million |
| Market revenue in 2030 | USD 265.9 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.0% of the global laparoscopic 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 laparoscopic 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 445.6 million by 2030.
Energy systems was the largest segment with a revenue share of 23.45% in 2023. Horizon Databook has segmented the Argentina laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for laparoscopic devices in Argentina is increasing owing to factors such as growth in medical tourism, rise in geriatric population, advancements in healthcare system, and availability of skilled doctors, latest clinical facilities, & modern hospitals.
According to Tourism Review Media, approximately 47.0% of the patient population in Argentina is from Latin American countries and 7.0% from other countries. Thus, availability of technologically advanced treatments and cost-effective procedures is boosting demand for laparoscopic devices in Argentina.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina laparoscopic devices market size, by product, 2018-2030 (US$M)
Argentina Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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