Argentina Medical Injection Molded Plastic Market Size & Outlook
Argentina medical injection molded plastic market, 2019-2030 (US$M)
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Argentina medical injection molded plastic market highlights
- The Argentina medical injection molded plastic market generated a revenue of USD 474.4 million in 2022 and is expected to reach USD 684.6 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2022.
- Polypropylene (PP) is the most lucrative product segment registering the fastest growth during the forecast period.
Medical injection molded plastic market data book summary
| Market revenue in 2022 | USD 474.4 million |
| Market revenue in 2030 | USD 684.6 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC) |
| Key market players worldwide | Dow Inc, SABIC, Eastman Chemical Co, Covestro AG, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, INEOS, Rutland Plastic Technologies |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.9% of the global medical injection molded plastic market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina medical injection molded plastic 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 151.1 million by 2030.
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Medical Injection Molded Plastic Market Scope
Medical Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina medical injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 31.49% in 2022. Horizon Databook has segmented the Argentina medical injection molded plastic market based on polypropylene (pp), acrylonitrile butadiene styrene (abs), polyethylene (pe), polystyrene (ps), polycarbonate (pc) covering the revenue growth of each sub-segment from 2019 to 2030.
According to the ITA, healthcare expenditure in Argentina accounted for approximately 9% of its GDP in 2020. Argentina is primarily dependent on imports of medical devices from the U.S. because local manufacturing accounts for only 25% of the medical device market in Argentina.
This reliance on imports can be ruled out with the help of in-house manufacturing of medical devices that can create opportunities for local manufacturers. This is expected to drive the demand for injection molded plastics in medical device industry in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Argentina medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina medical injection molded plastic market size, by product, 2019-2030 (US$M)
Argentina Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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