Argentina Medical Device Coating Market Size & Outlook
Argentina medical device coating market, 2018-2030 (US$M)
Related Markets
Argentina medical device coating market highlights
- The Argentina medical device coating market generated a revenue of USD 175.3 million in 2022 and is expected to reach USD 325.5 million by 2030.
- The Argentina market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, anti-microbial coatings was the largest revenue generating product in 2022.
- Hydrophilic coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Medical device coating market data book summary
| Market revenue in 2022 | USD 175.3 million |
| Market revenue in 2030 | USD 325.5 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Anti-microbial coatings |
| Fastest growing segment | Hydrophilic coatings |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrophilic coatings, Anti-microbial coatings, Drug-eluting Coatings, Anti-thrombogenic coatings |
| Key market players worldwide | Surmodics Inc, DSM, Covalon Technologies Ltd, Materion Corp, SONO-Tek Corporation, Hydromer, Infinity biotech |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global medical device coating market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical device coating 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 656.9 million by 2030.
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Medical Device Coating Market Scope
Medical Device Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina medical device coating 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 medical device coating market will help companies and investors design strategic landscapes.
Anti-microbial coatings was the largest segment with a revenue share of 32.34% in 2022. Horizon Databook has segmented the Argentina medical device coating market based on hydrophilic coatings, anti-microbial coatings, drug-eluting coatings, anti-thrombogenic coatings covering the revenue growth of each sub-segment from 2018 to 2030.
The Argentinian market is majorly driven by the rising expenditure in the country’s healthcare sector. The healthcare sector is one of the major contributors to the market in Argentina. In 2017, growth in the sector accounted for 9% of the country’s total GDP, which is the highest in the region.
Socioeconomic conditions of the population, advances in technology, and increasing public and private budgets & expenses in recent years are some of the major factors fueling the growth of the healthcare sector in the country. The medical device industry in Argentina is majorly dominated by imports.
According to the U.S. International Trade Administration, in 2018, imports in medical devices were estimated to account for around 75% of the total market with local manufacturing of medical devices representing about 25% of the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina medical device coating market , including forecasts for subscribers. This country databook contains high-level insights into Argentina medical device coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina medical device coating market size, by product, 2018-2030 (US$M)
Argentina Medical Device Coating Market Outlook Share, 2022 & 2030 (US$M)
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