Argentina Oxygen Concentrators Market Size & Outlook
Argentina oxygen concentrators market, 2018-2030 (US$M)
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Argentina oxygen concentrators market highlights
- The Argentina oxygen concentrators market generated a revenue of USD 22.2 million in 2023 and is expected to reach USD 32.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, fixed/stationary medical oxygen concentrators was the largest revenue generating product in 2023.
- Portable Medical Oxygen Concentrators is the most lucrative product segment registering the fastest growth during the forecast period.
Oxygen concentrators market data book summary
| Market revenue in 2023 | USD 22.2 million |
| Market revenue in 2030 | USD 32.0 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Fixed/stationary medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable Medical Oxygen Concentrators, Fixed/Stationary Medical Oxygen Concentrators |
| Key market players worldwide | Inogen Inc, Philips, Koninklijke Philips NV, Niterra Co Ltd, DeVilbiss Healthcare, React Health, Nidek Medical, O2 Concepts |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global oxygen concentrators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 14.8 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina oxygen concentrators 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 oxygen concentrators market will help companies and investors design strategic landscapes.
Fixed/stationary medical oxygen concentrators was the largest segment with a revenue share of 79.73% in 2023. Horizon Databook has segmented the Argentina oxygen concentrators market based on portable medical oxygen concentrators, fixed/stationary medical oxygen concentrators covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare spending is expected to fuel the demand for oxygen concentrators & cylinders over the forecast period. The new trade policies have also reduced import restrictions on medical products and equipment. In 2015, Argentina imported about 27% of its medical devices from the U.S. Argentina is considered to have better growth opportunities as compared to other Latin American countries.
About 75% of the medical devices used in Argentina are imported and only 25 % are manufactured locally. The lower number of local players creates a major opportunity for international players. Companies such as Respironics. have a strong regional presence in Argentina, along with a large number of importers who provide a variety of products.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Argentina oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina oxygen concentrators market size, by product, 2018-2030 (US$M)
Argentina Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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