Argentina Ultrasound Devices Market Size & Outlook
Argentina ultrasound devices market, 2018-2030 (US$M)
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Argentina ultrasound devices market highlights
- The Argentina ultrasound devices market generated a revenue of USD 92.0 million in 2023 and is expected to reach USD 123.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 92.0 million |
| Market revenue in 2030 | USD 123.3 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global ultrasound 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 ultrasound 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 424.3 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 83.04% in 2023. Horizon Databook has segmented the Argentina ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare spending in Argentina accounts for ~7% of the total GDP. In this country, 70% to 75% of medical products are imported. The U.S. exports medical devices to Argentina as the country has the most technologically advanced products.
Argentina remains a key market in Latin America for the U.S. The U.S. is one of Argentina's noteworthy exporters and is among the three best FDI source countries. Imports of medical products must be performed by an importer registered with Administración Nacional de Medicamentos, Alimentos y Tecnología Médica (ANMAT), the Argentine equivalent to the U.S. FDA, as a frequent importer of medical devices.
Furthermore, collaborations between Argentine research institutions and international partners facilitate knowledge exchange and access to state-of-the-art imaging technologies, contributing to advancements in ultrasound procedures.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina ultrasound devices market size, by product, 2018-2030 (US$M)
Argentina Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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