Downloads

MEDICAL MARKET RESEARCH REPORTS

The Medical Device Market: Argentina

Opportunities and Challenges

OVERVIEW OF THE MEDICAL MARKET IN ARGENTINA

Argentina has recovered from a severe economic crisis in 2002, which affected the healthcare sector and medical device imports. According to new figures released by BMI, GDP is expected to increase by real growth of 0.9% in 2013, reaching US$420.9 billion, equal to US$10,147 per capita. This slow forecast is due to a poor business environment, a weakening domestic demand and a high inflation caused by a large currency devaluation. Inflation, which makes medical imports more expensive, remains a problem. High public spending and the government use of central bank reserves to pay off debts are contributory factors.

The medical device market is valued at US$722.0 million in 2012. Diagnostic imaging takes the largest share of the market (US$194.6 million), followed by other medical devices (US$159.4 million) and consumables (US$148.0 million). The share for dental products is the smallest. Although GDP growth will be modest for the next five years, Espicom projects the medical device market will grow at a considerably faster rate, with an estimated 2012-17 CAGR of 11.6%. Prior to the economic crisis, Argentina had the highest medical expenditure per capita in Latin America, but in US dollars it now lags behind Mexico, Brazil and Venezuela. Imports account for around 89% of the market.

Medical device imports for the latest 12 months to September 2012 increased by 5.7% in US dollar terms over the previous 12 months to September 2011, reaching US$612.2 million. Dental products grew the fastest at 16.8%, followed by diagnostic imaging apparatus (11.9%), patient aids (6.1%), orthopaedic & prosthetic devices (5.1%) and consumables (1.7%). Medical device exports for the latest 12 months to September 2012 fell by 12.7% in US dollar terms over the previous 12 months to September 2011, to US$96.4 million. Orthopaedic & prosthetic devices, patient aids and other medical devices had strong growth, whilst diagnostic imaging apparatus, consumables and dental products registered high falls.

PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH

Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

• Unique projected estimates of market size and growth for 33 equipment categories
• Five year statistical data for key economic and healthcare indicators
• Information on regulation, distribution and market access, including Espicom’s unique distributor directory
• Detailed Medical trade data
• Data on leading local/multinational medical equipment players in the market

MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS

At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.

• Full text cross file searching with fast response or intuitive “drill down” into the content
• Presentation-ready tables and graphics with “one click” output to other packages such as MS Excel™ and MS PowerPoint™
• View all tables and graphs independently from the text
• Split screen for more efficient working
• Instant machine translation into nine languages
• A “Cut your own” report building feature
• Pdf download

WITH THIS MARKET REPORT YOU CAN

• Evaluate the potential of the market
• Assess risks and opportunities on the basis of knowledge
• Profile the market for new product, licences or collaborations
• Understand the operating and regulatory environment
• Gain a complete picture on health expenditure and infrastructure
• Review the competitive environment

Related Pages

The Medical Device Market Venezuela

The Medical Device Market Brazil

For more information on our Medical Market Reports please click here