Argentina Aesthetic Devices Market Size (2024 - 2029)

Argentina Aesthetic Devices Market Analysis

The Argentine aesthetic devices market is expected to register a CAGR of 5.5% during the forecast period.

The pandemic affected the studied market's growth. Elective surgeries were either canceled or postponed. A research study published in the National Library of Medicine in October 2021 discussed pandemic-induced uncertainties regarding the health system's control and access to effective vaccines. However, after the end of the lockdown, medical tourism boosted and contributed to the market's growth. In March 2022, a press release published in ChromeNews stated that Argentina's standards for medical care, practices, treatments, and knowledge are at par with those in the United States and Europe. Unlike many other medical tourism destinations, Buenos Aires is renowned for having exceptionally skilled surgeons in various specialties. Cosmetic surgery is the most popular type of surgery performed here. Currently, as the pandemic has subsided, the market has gained some traction, due to which the market is expected to have stable growth during the forecast period of the study.

The market's growth is attributed to the increasingly obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement. Furthermore, increasing R&D expenditure by innovators and generic players and a rising aging population will fuel the Argentine aesthetic devices market.

As per the Latin America Hospital Data Portrait report published in March 2021, Argentina's healthcare system included almost 2.4 thousand hospitals, nearly 2.9 thousand operating rooms, and over 106 thousand hospital beds as of 2021. This factor is expected to play a crucial role in the growth of the studied market in the country over the forecast period, as the availability of favorable infrastructure is expected to increase the adoption of treatment in the country. Thus, such technological advancement is expected to increase the efficiency of the treatment, which is expected to increase market growth during the forecast period. However, social stigma concerns and complex reimbursement scenarios are expected to hinder the market growth.

Argentina Aesthetic Devices Industry Segmentation

Aesthetic devices refer to all medical devices used for various cosmetic procedures, including plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., that are used for beautification, correction, and improvement of the body. Aesthetic procedures include both surgical and non-surgical procedures. The surgical procedure includes liposuction, breast implants, facelifts, radiofrequency, and other related procedures. The non-surgical procedures include chemical peel, non-surgical liposuction, skin tightening procedures, etc.

The Argentina Aesthetic Devices Market is Segmented by Type of Device (Energy-based Aesthetic Device (Laser-based Aesthetic Device, Radiofrequency (RF) Based Aesthetic Device, Light-based Aesthetic Device, and Ultrasound Aesthetic Device), Non-energy-based Aesthetic Device (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Microdermabrasion, Implants, and Other Aesthetic Devices)), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Breast Augmentation, and Other Applications), and End-user (Hospitals, Clinics, and Home Settings). The report offers the value (in USD million) for the above segments.