The import volume of medical needles, catheters, and cannulae to Argentina has generally exhibited an upward trend from 2013 to 2023. As of 2023, the import volume stood at 1220.9 thousand kilograms. The year-on-year variation shows fluctuations ranging from significant increases in some years to moderate declines in others. The import volumes witnessed considerable growth in the initial years, followed by small year-on-year changes post-2017, indicating market stabilization. Between 2019 and 2023, the CAGR averaged around 3.33%, demonstrating a steady increase in import volume.
Looking ahead, data forecasted from 2024 to 2028 suggests continued growth. The five-year CAGR is estimated at 1.54%, with an overall growth rate of 7.93% during this forecast period. This indicates a modest yet consistent increase in import volumes.
Future trends to watch for:
- Technological advancements in medical devices contributing to demand changes.
- Healthcare investments and policy changes affecting import volumes.
- Global and regional economic conditions influencing medical device supply chains.