Argentina Respiratory Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 200.04 Million |
| Market Size (2029) | USD 260.49 Million |
| CAGR (2024 - 2029) | 5.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Respiratory Devices Market Analysis
The Argentina Respiratory Devices Market size is estimated at USD 200.04 million in 2024, and is expected to reach USD 260.49 million by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).
The prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), tuberculosis (TB), asthma, and sleep apnea, coupled with technological advancements and a large patient population, is driving market growth in Argentina. For instance, according to a report published by the Revista Americana de Medicina Respiratoria in February 2022, the prevalence of COPD in Argentina's urban general population was 14.3%. The presence of a large patient pool suggested that between 2.5 and 3 million patients are living with COPD in Argentina.
High healthcare R&D expenditures and the import of medical devices in the country are anticipated to increase the adoption of respiratory devices, fostering market growth. For instance, according to the International Trade Association, in 2024, healthcare spending in Argentina accounted for about 9-10% of GDP in 2022, and medical equipment and device imports made up approximately 70-75% of the total import market, with local manufacturing covering the remainder. Therefore, the high healthcare expenditures and significant import of medical devices and equipment are anticipated to increase the expenditure on chronic diseases such as asthma and COPD, thereby driving market growth.
The rising elderly population in the country is anticipated to increase the adoption of respiratory devices, as this age group is more prone to respiratory diseases. For instance, according to the Pan American Health Organization, individuals aged 65 and over made up 12.1% of the total population in 2023.
Therefore, the rising incidence of respiratory diseases, a rise in research and development expenditures, and an increase in the geriatric population are factors anticipated to boost market growth. However, the high cost of devices is expected to hamper market growth.
Argentina Respiratory Devices Market Trends
Inhalers in Therapeutic Devices are Estimated to Witness Healthy Growth in the Future
The therapeutic devices segment is expected to experience robust growth during the forecast period due to the increasing prevalence of respiratory disorders, a growing patient population with chronic diseases, and a rising geriatric population.
Therapeutic devices such as inhalers are essential for managing respiratory disorders. The availability of reimbursement coverage and the rising number of asthma patients in Argentina support market growth.
According to a study published in the Official Journal of the Asian Pacific Society of Respirology in November 2023, severe asthma (SA) in Argentina was estimated to affect over 1.6 million individuals. Notably, 31% of patients attending specialized asthma centers were diagnosed with asthma according to the ATS/ERS guidelines, with a significant 64.1% failing to achieve adequate disease control. Therefore, such a huge prevalence of chronic respiratory conditions such as asthma is anticipated to increase the adoption of respiratory therapeutic devices such as inhalers, boosting the segment鈥檚 growth.
Thus, the increasing efficacy and tolerability of monoclonal antibody drugs, rising product approvals, and research and development activities by market players are expected to drive the growth of this segment over the forecast period.
Sleep Test Devices in Diagnostic and Monitoring Devices are Anticipated to Record Significant Growth Over the Forecast Period
Sleep test devices, also known as sleep monitors or trackers, are essential for diagnosing and monitoring sleep disorders such as sleep apnea and insomnia. These devices range from simple wearable trackers to sophisticated medical-grade equipment used in sleep studies.
The high prevalence of sleep disorders in the country is anticipated to increase the adoption of sleep devices, boosting the segment鈥檚 growth. For instance, according to the study published in the Journal of Allergy and Clinical Immunology in February 2024, intermediate and high-risk obstructive sleep apnea (OSA) accounted for 54% of cases, while insomnia followed closely at 33% in Argentina. Therefore, the high prevalence of OSA is anticipated to increase the number of sleep monitoring devices such as CPAP machines, thereby boosting segmental growth.
Furthermore, according to a study published by Universidad Favaloro in March 2023, 75% of the population in Argentina had some type of sleep disorder. Therefore, the high prevalence of sleep disorders in the country is anticipated to increase the adoption of sleep testing devices for the detection of quality sleep in patients, thereby boosting the segment's growth.
Thus, the rising number of sleep disorders such as obstructive sleep apnea and insomnia is anticipated to increase the demand for sleep testing devices in the country, thereby boosting the segment's growth.
Argentina Respiratory Devices Industry Overview
The respiratory devices market in Argentina is semi-consolidated, with several players operating in it. This can be attributed to significant investments in research and development activities by major players in the market. These investments aim to gain a competitive advantage over rivals by launching technologically advanced products. Some of the players operating in the market include Dr盲gerwerk AG & Co. KGaA, Tecme SA, ResMed, Medtronic, and GE Healthcare.
Argentina Respiratory Devices Market Leaders
-
Dr盲gerwerk AG & Co. KGaA
-
Tecme SA
-
ResMed
-
Medtronic
-
GE Healthcare
*Disclaimer: Major Players sorted in no particular order
Argentina Respiratory Devices Market News
- April 2024: The Ministry of Health, Argentina, launched the Winter Campaign under the Program for Acute Respiratory Infections. This initiative aims to treat and prevent these diseases, which pose a significant risk to children. The campaign is especially important during the colder months when there is a seasonal increase in the demand for medical care.
- June 2023: Argentina launched its national campaign for open, free, and voluntary asthma detection. Leading this initiative, the Argentine Association of Patients with Asthma (AAPA) partnered up with the Argentine Association of Allergy and Clinical Immunology (AAAeIC), the Argentine Association of Respiratory Medicine (AAMR), the NOA GANOA Asthma Group, and Asthma Right Care Argentina. Together, they drove the first National Asthma Detection Campaign in the country.
Argentina Respiratory Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea
4.2.2 Technological Advancements
4.2.3 Large Patient Population
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD)
5.1 By Type
5.1.1 By Diagnostic and Monitoring Devices
5.1.1.1 Spirometers
5.1.1.2 Sleep Test Devices
5.1.1.3 Peak Flow Meters
5.1.1.4 Pulse Oximeters
5.1.1.5 Other Diagnostic and Monitoring Devices
5.1.2 By Therapeutic Devices
5.1.2.1 CPAP Devices
5.1.2.2 BiPAP Devices
5.1.2.3 Humidifiers
5.1.2.4 Nebulizers
5.1.2.5 Ventilators
5.1.2.6 Oxygen Concentrators
5.1.2.7 Inhalers
5.1.2.8 Other Therapeutic Devices
5.1.3 By Disposables
5.1.3.1 Masks
5.1.3.2 Breathing Circuits
5.1.3.3 Other Disposables
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dr盲gerwerk AG & Co. KGaA
6.1.2 Tecme SA
6.1.3 ResMed
6.1.4 Medtronic
6.1.5 GE Healthcare
6.1.6 Chart Industries
6.1.7 Drive DeVilbiss International
6.1.8 Fisher & Paykel Healthcare Limited
6.1.9 GlaxoSmithKline PLC
6.1.10 Invacare Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Respiratory Devices Industry Segmentation
As per the scope, respiratory devices comprise respiratory diagnostic, therapeutic, and breathing devices for administering long-term artificial respiration. It also includes a breathing apparatus used for resuscitation by forcing oxygen into the lungs of a person who has undergone asphyxia.
Argentina's respiratory devices market is segmented by type. By type, the market is sub-segmented into diagnostic and monitoring devices, therapeutic devices, and disposables. The report offers the value (USD) for all the above segments.
| By Type | ||||||||||
| ||||||||||
| ||||||||||
|
Argentina Respiratory Devices Market Research FAQs
How big is the Argentina Respiratory Devices Market?
The Argentina Respiratory Devices Market size is expected to reach USD 200.04 million in 2024 and grow at a CAGR of 5.42% to reach USD 260.49 million by 2029.
What is the current Argentina Respiratory Devices Market size?
In 2024, the Argentina Respiratory Devices Market size is expected to reach USD 200.04 million.
Who are the key players in Argentina Respiratory Devices Market?
Dr盲gerwerk AG & Co. KGaA, Tecme SA, ResMed, Medtronic and GE Healthcare are the major companies operating in the Argentina Respiratory Devices Market.
What years does this Argentina Respiratory Devices Market cover, and what was the market size in 2023?
In 2023, the Argentina Respiratory Devices Market size was estimated at USD 189.20 million. The report covers the Argentina Respiratory Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Respiratory Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Respiratory Devices Industry Report
Statistics for the 2024 Argentina Respiratory Devices market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Argentina Respiratory Devices analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
