Argentina Precision Medicine Market Size & Outlook
Argentina precision medicine market, 2018-2030 (US$M)
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Argentina precision medicine market highlights
- The Argentina precision medicine market generated a revenue of USD 307.8 million in 2023 and is expected to reach USD 652.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating application in 2023.
- Diagnostics is the most lucrative application segment registering the fastest growth during the forecast period.
Precision medicine market data book summary
| Market revenue in 2023 | USD 307.8 million |
| Market revenue in 2030 | USD 652.2 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Roche, Siemens Healthineers AG ADR, Janssen Pharmaceuticals, Illumina Inc, Quest Diagnostics Inc, 23andMe Holding Co Class A, NeoDiagnostix, International Business Machines Corp, Myriad Genetics Inc, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Dakota Software, Biogen Inc, Qiagen NV, ImmunityBio Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global precision medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 652.2 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina precision medicine 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 precision medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 74.3% in 2023. Horizon Databook has segmented the Argentina precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Constant developments by market players, such as geographic expansion and launch of new products, have contributed to Argentina’s market growth. Furthermore, the considerable prevalence of cancer, coupled with rising demand for advanced therapeutics, is expected to boost market growth over the forecast period.
According to WHO data, in 2020, an estimated 8,000 people died due to colorectal cancer in Argentina. There has been a steady rise in the number of oncologists in recent years, especially in Brazil and Argentina, as well as increase in awareness about the scarcity of cancer specialists in the region.
To enhance & promote the activities in the region, a regional facility has been established at the National Cancer Institute of Argentina (Instituto Nacional del Cáncer de Argentina) in Buenos Aires.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into Argentina precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
Argentina Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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