Argentina's import of ophthalmic instruments and appliances experienced fluctuating trends between 2013 and 2023. In 2023, the total import value stood at 22.136 million USD. The year-on-year growth saw significant fluctuations, with sharp increases in years like 2015 (+28.31%) and 2017 (+18.63%), and notable declines in 2018 (-31.38%). Despite these variations, the market gradually stabilized and showed a more consistent growth pattern from 2019 to 2023, with an average year-on-year increase of around 2.77% and a Compound Annual Growth Rate (CAGR) of 5.83% over the last five years. Future trends expect a modest CAGR of 1.88% for the next five years, leading to a forecasted value of 24.94 million USD by 2028, translating to a 9.77% growth rate over this period.
Future trends to watch:
- Continued market stabilization.
- Potential impacts of technological advancements in ophthalmic products.
- Changes in healthcare regulations and import policies in Argentina.
- Economic factors affecting healthcare investment and patient demand.
