Argentina Glucometer Market By Product Type (Continuous Glucose Monitoring (CGM) system, Self-Monitoring Blood Glucose (SMBG)), By Technique (Invasive, Non-Invasive), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Sales), By End User (Individuals with Diabetes, Hospitals, Clinics, Diagnostic Centers) and By Region and Competition, Forecast & Opportunities, 2018-2028F

Argentina Glucometer market is anticipated to witness impressive growth during the forecast period. This can be attributed to the increasing need for easy-to-use devices for diabetes monitoring because it provides an immediate diagnosis result such as, used to measure the glucose concentration in a patient’s blood. The device uses a tiny drop of blood, which is usually obtained by prick of the finger using a lancet to read the blood glucose level.Also, increasing demand for easy and convenient testing along with growing demand for handy and easy to travel devices such as Care Touch, Metene, Auvon Blood, Keto-Mojo, Glucoracy, and CareSens are expected to create a lucrative growth of Argentina Glucometer market during the forecast period. The first glucometers were developed in the 1970s, but they did not become widely available until the 1980s. It is likely that glucometers became available in Argentina around this time, as they were already being used in other countries. Glucometers provide a quick and easy way for people with diabetes to check their blood glucose levels at home or on-the-go. This allows them to adjust their diet, exercise, and medication as needed to keep their blood glucose levels within a safe and healthy range. Glucometer also identify trends in blood glucose levels over time, which can help with long-term management of diabetes.

User-Friendliness Of Glucometer Accu-Chek Being a Significant Market Driver

The user-friendliness of glucometers has played a significant role in driving the growth of the Argentina glucometer market. The ease of use and convenience of these devices have made them accessible to a wider range of people with diabetes, including those who may have been hesitant to use traditional blood glucose monitoring methods. Modern glucometers are designed to be compact, portable, and easy to operate. Many of them come with features such as large screens, simple interfaces, and audio alerts that make them easier to use, especially for people who may have limited vision or dexterity. Some glucometers also offer wireless connectivity, allowing users to automatically transfer their data to mobile apps or cloud-based platforms. the increased awareness and education about diabetes, propels the growth of Argentina Glucometer Market The Argentine Diabetes Society (Sociedad Argentina de Diabetes) is a non-profit organization that works to promote diabetes awareness and education in the country. The importance of blood glucose monitoring has led to more people looking out for these devices. As a result, the demand for user-friendly and convenient glucometers has grown in Argentina, leading to increased sales and revenue for manufacturers. To track their blood sugar, more than two million Lain Americans with diabetes now use continuous glucose monitors, or CGMs. They assist those with Type 1 diabetes in administering the proper dosage of insulin, It’s a hormone they don’t produce yet but need in order to survive.

Increasing Prevalence of Diabetes Growing the Market

Diabetes is a chronic health condition that affects a significant number of people in Argentina, and the prevalence is projected to continue rising in the coming years. This has led to a growing demand for diabetes management devices like glucometers. According to the International Diabetes Federation (IDF), approximately 5.5 million people in Argentina have diabetes, which represents around 10.5% of the adult population. This makes diabetes a significant health concern in the country. More people need glucose monitoring devices like glucometers. This has driven the demand for these devices and has created opportunities for companies in the market. Additionally, as the number of people with diabetes grows, there is also an increased need for education and awareness about the condition, including the importance of regular blood glucose monitoring. In Latin America, more than 133 million people have diabetes or prediabetes. More than 10 million Latin Americans, or 31% of those with diagnosed diabetes, are receiving insulin treatment and could benefit from a continuous glucose monitor (CGM).

The increasing prevalence of diabetes has also led to an increase in healthcare spending in the country. Healthcare spending in Argentina accounts for approximately 9-10% of GDP, among the highest in the region. This has made it easier for people to access diabetes management devices like glucometers and has also created more opportunities for companies in the market to expand their product offerings and distribution networks. Overall, the increasing prevalence of diabetes is a key driver of the glucometer market in Argentina, and this trend is expected to continue the growth of Argentina Glucometer Market.

Rising Awareness about Diabetes

There has been an increasing awareness about diabetes and its management in Argentina, which has led to more people seeking out ways to monitor and manage their blood glucose levels. This has contributed to the demand for glucometers in the country. In Argentina, the prevalence of diabetes (in percent of the population aged 20 to 79 years) was 5.4% in 2021, as reported by the World Bank's collection of development indicators compiled from official sources. World Bank - Argentina - Diabetes prevalence (in percent of population aged 20-79 years) - actual figures, historical data, forecast and projections as of August, 2023.. Increased awareness about diabetes is being driven by various factors, including public health campaigns, educational programs, and media coverage. These efforts have helped to raise awareness about the importance of regular blood glucose monitoring and the potential risks associated with uncontrolled diabetes. The Argentina Ministry of Health runs various public health campaign throughout the year to raise awareness about Diabetes and its prevention. World Diabetes Day (November 14th) is a global campaign that the Ministry participates in, promoting messages about healthy living and the importance of regular blood glucose monitoring. There are various education programs available in Argentina aimed at educating people about diabetes management. These programs may be run by healthcare providers, diabetes associations, or patient advocacy groups. They may offer information about healthy eating, physical activity, blood glucose monitoring, and medication management. Media outlets in Argentina regularly cover stories related to diabetes, including updates on new treatments, research findings, and public health campaigns. This media coverage can help in raising awareness about the condition and its management among a wider audience. As a result of this increased awareness, more people in Argentina are recognizing the benefits of using a glucometer to monitor their blood glucose levels. This has led to greater demand for these devices, creating opportunities for companies in the market to expand their product offerings and distribution networks. Also, rising awareness about diabetes has also led to an increase in the number of people seeking medical treatment for the condition. This has led to an increase in healthcare spending, which has created more opportunities for companies in the market to expand their offerings and reach more customers.

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Recent Developments

• in 2020, LifeScan, a subsidiary of Johnson & Johnson, acquired the assets of Pulsar Vascular, a medical device company that develops and manufactures vascular access products. While this acquisition is not directly related to the glucometer market, it demonstrates the ongoing consolidation and expansion of medical device companies in the healthcare sector in Argentina.
• in 2020, Roche introduced the Accu-Chek Guide, a new blood glucose monitoring system that comes with an app for tracking results and reminders for testing.

Market Segmentation

The Argentina Glucometer market can be segmented by Product Type, Technique, Distribution Channel, End User, and Region. Based on Product Type, the market can be segmented into Continuous Glucose Monitoring (CGM) system, Self-Monitoring Blood Glucose (SMBG) system. Based on Technique, the market can be segmented into Invasive, Non-Invasive. Based on Distribution Channel, the market can be grouped into Retail Pharmacies, Hospital Pharmacies, Online Sales. Based on End User, the market can be grouped into Individual with Diabetes, Hospitals, Clinics, Diagnostic Center.

Market Players

Roche  Diagnostics, Abbott Laboratories, LifeScan, Inc., Becton, Dickinson, & Co Ltd., Sanofi S.A., Johnson & Johnson Inc, Ascensia Diabetes Care Holdings AG, Terumo Corp, Ypsomed AG, Trividia Health, Inc/Argentina. are some of the leading players operating in the Argentina Glucometer market.

Report Scope:

In this report, the Argentina Glucometer market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Argentina Glucometer Market, By Product Type:

o      Continuous Glucose Monitoring (CGM) System

o      Self-Monitoring Blood Glucose (SMBG) 

• Argentina Glucometer Market, By Technique:

o      Invasive

o      Non-Invasive

• Argentina Glucometer Market, By Distribution Channel:

o      Retail Pharmacies

o      Hospital Pharmacies

o      Online Sales

• Argentina Glucometer Market, By End User:

o      Individual With Diabetes

o      Hospitals

o      Clinics

o      Diagnostics Centers

• Argentina Glucometer Market, By Region:

o      Pampas

o      Litoral

o      Northwest

o      Sierras

o      Cuyo

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present Argentina Glucometer Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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