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Argentina Respiratory Devices Market Size (2024 - 2029)

The Argentina Respiratory Devices Market is projected to experience growth driven by the increasing prevalence of respiratory disorders such as COPD, tuberculosis, asthma, and sleep apnea, alongside technological advancements and a substantial patient population. The market's expansion is further supported by high healthcare R&D expenditures and significant imports of medical devices, which enhance the adoption of respiratory devices. Additionally, the rising elderly population, more susceptible to respiratory diseases, is expected to contribute to market growth. However, the high cost of devices may pose a challenge to this growth trajectory.

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Market Size of Argentina Respiratory Devices Industry

Argentina Respiratory Devices Market Summary
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

Argentina Respiratory Devices Market 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 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
By Diagnostic and Monitoring Devices
Spirometers
Sleep Test Devices
Peak Flow Meters
Pulse Oximeters
Other Diagnostic and Monitoring Devices
By Therapeutic Devices
CPAP Devices
BiPAP Devices
Humidifiers
Nebulizers
Ventilators
Oxygen Concentrators
Inhalers
Other Therapeutic Devices
By Disposables
Masks
Breathing Circuits
Other Disposables
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Argentina Respiratory Devices Market Size Summary

The Argentina respiratory devices market is poised for significant growth, driven by the increasing prevalence of respiratory disorders such as COPD, tuberculosis, asthma, and sleep apnea. Technological advancements and a substantial patient population are key factors propelling this market expansion. The country's high healthcare research and development expenditures, along with the substantial import of medical devices, are expected to further boost the adoption of respiratory devices. The rising elderly population, which is more susceptible to respiratory diseases, also contributes to the anticipated market growth. However, the high cost of these devices may pose challenges to market expansion.

The therapeutic devices segment is expected to experience robust growth due to the rising incidence of respiratory disorders and the growing geriatric population. Inhalers and other therapeutic devices are crucial for managing these conditions, supported by reimbursement coverage and an increasing number of asthma patients. The prevalence of sleep disorders, such as obstructive sleep apnea and insomnia, is anticipated to drive the demand for sleep testing devices, further boosting market growth. The market is semi-consolidated, with major players like Drägerwerk AG & Co. KGaA, Tecme SA, ResMed, Medtronic, and GE Healthcare investing in research and development to launch advanced products. Initiatives by the Argentine government and health organizations, such as campaigns for asthma detection and the treatment of acute respiratory infections, also support market growth.

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Argentina Respiratory Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea

      2. 1.2.2 Technological Advancements

      3. 1.2.3 Large Patient Population

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Devices

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - in USD)

    1. 2.1 By Type

      1. 2.1.1 By Diagnostic and Monitoring Devices

        1. 2.1.1.1 Spirometers

        2. 2.1.1.2 Sleep Test Devices

        3. 2.1.1.3 Peak Flow Meters

        4. 2.1.1.4 Pulse Oximeters

        5. 2.1.1.5 Other Diagnostic and Monitoring Devices

      2. 2.1.2 By Therapeutic Devices

        1. 2.1.2.1 CPAP Devices

        2. 2.1.2.2 BiPAP Devices

        3. 2.1.2.3 Humidifiers

        4. 2.1.2.4 Nebulizers

        5. 2.1.2.5 Ventilators

        6. 2.1.2.6 Oxygen Concentrators

        7. 2.1.2.7 Inhalers

        8. 2.1.2.8 Other Therapeutic Devices

      3. 2.1.3 By Disposables

        1. 2.1.3.1 Masks

        2. 2.1.3.2 Breathing Circuits

        3. 2.1.3.3 Other Disposables

Argentina Respiratory Devices Market Size FAQs

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.

In 2024, the Argentina Respiratory Devices Market size is expected to reach USD 200.04 million.

Argentina Respiratory Devices Market Report Snapshots

Argentina Respiratory Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)