Argentina Health Sensors Market Size & Outlook, 2021-2030
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Argentina health sensors market highlights
- The Argentina health sensors market generated a revenue of USD 378.1 million in 2021 and is expected to reach USD 1,423.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 15.9% from 2022 to 2030.
- In terms of segment, wearable sensors was the largest revenue generating product in 2021.
- Implantable/ingestible sensors is the most lucrative product segment registering the fastest growth during the forecast period.
Health sensors market data book summary
| Market revenue in 2021 | USD 378.1 million |
| Market revenue in 2030 | USD 1,423.0 million |
| Growth rate | 15.9% (CAGR from 2022 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand held diagnostic sensors, Wearable sensors, Implantable/ingestible sensors |
| Key market players worldwide | Analog Devices Inc, Danaher Corp, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Medtronic PLC, Smiths Group PLC, Koninklijke Philips NV, Stryker Corp, Abbott Laboratories, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global health sensors market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil health sensors 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 1,423.0 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Analog Devices Inc | View profile | 26000 | One Analog Way, Wilmington, MA, United States, 01887 | https://www.analog.com |
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
| Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
Argentina health sensors 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 health sensors market will help companies and investors design strategic landscapes.
Wearable sensors was the largest segment with a revenue share of 40.94% in 2021. Horizon Databook has segmented the Argentina health sensors market based on hand held diagnostic sensors, wearable sensors, implantable/ingestible sensors 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 health sensors in the country. However, lack of awareness about fitness & sufficient knowledge regarding the use of Health Sensors among people may restrain the market growth in Argentina during the forecast period.
Argentina has a decent healthcare spending. For instance, according to WHO, the healthcare spending per capita in Argentina was USD 1,127.9 in 2018. This offers modest opportunities for health sensors market to grow.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Argentina health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina health sensors market size, by product, 2018-2030 (US$M)
Argentina Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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