Argentina Wearable Medical Devices Market Size & Outlook
Argentina wearable medical devices market, 2018-2030 (US$M)
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Argentina wearable medical devices market highlights
- The Argentina wearable medical devices market generated a revenue of USD 500.3 million in 2023 and is expected to reach USD 2,877.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 28.4% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 500.3 million |
| Market revenue in 2030 | USD 2,877.7 million |
| Growth rate | 28.4% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.5% of the global wearable medical 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 wearable medical devices 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 2,877.7 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina wearable medical devices 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 wearable medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 60.3% in 2023. Horizon Databook has segmented the Argentina wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
Rising incidence of diabetes and increasing geriatric population are among the major factors driving the market growth in the country. For instance, according to International Diabetes Federation, in Argentina, the prevalence of diabetes was ~6.2%, and about 1,757,500 adults were living with diabetes in 2017.
Growing geriatric population is expected to increase the demand for home healthcare, which in turn may boost the demand for wearable medical devices in the country. However, lack of awareness about fitness & sufficient knowledge regarding the use of wearable medical devices among people may restrain the market growth in Argentina during the forecast period.
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Our clientele includes a mix of wearable medical devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Argentina wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina wearable medical devices market size, by product, 2018-2030 (US$M)
Argentina Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
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