Argentina Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Argentina Medical Devices Report
Product Price
$1,295.00

BMI View : Argentina's medical device market will record a moderate USD 20 15-2020 CAGR, which will reflect the depreciation of peso , particularly in 2016 . Market drivers include increasing real GDP growth under the new government of Mauricio Macri, a large population with a sizeable elderly group, the incidence of chronic diseases, a well developed healthcare system, a large amount of international loan funding for healthcare, a backlog of healthcare investment needs, and high medical device import reliance.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 912.6 21.0 8,391.9 193.3 9.2
2016 723.1 16.5 10,304.0 235.0 14.3
2017 853.0 19.3 11,728.2 264.9 13.8
2018 990.7 22.2 12,878.7 288.2 13.0
2019 1,089.2 24.1 14,050.1 311.5 12.9
2020 1,253.4 27.5 15,667.0 344.2 12.5

Latest Updates And Key Forecasts

  • We have revised upwards our forecasts and now anticipate that the market will record a 2015-2020 CAGR of 6.6% in USD terms, which will reflect a steady depreciation of the peso in 2016. Over a longer time horizon, the peso will stabilise and gradually appreciate on the back of rising foreign direct investment. This will translate into a return to growth in 2017, preceded by a marked contraction in 2016.

  • We anticipate that imports will record high growth in local currency terms in 2016, but will post a contraction in USD terms due to the depreciation of the peso. The latest data show that imports rose by 17.1% to USD0.2bn in Q415, and increased by 25.2% to USD0.8bn over the 12-month period to December 2015.

  • We expect low exports, despite strong export competitiveness in Latin America. Export growth will remain uneven in local currency terms, and negative in USD terms due to the depreciation of the peso. The latest data show that exports fell by 16.1% to USD15.8mn in Q415, and contracted by 12.1% to USD62.9mn over the 12-month period to December 2015.

  • The new government will improve PAMI's financial situation in order to facilitate healthcare access for the elderly population. PAMI's new director since December 2015, Carlos Regazzoni, aims to reduce PAMI's debt owed to suppliers.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
20
Table: Consumables Market, 2011-2020 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
25
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2010-2020 (USDmn)
30
Table: Dental Products Market, 2011-2020 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Latest Updates
33
Structural Trends
33
Fixation Devices
33
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
35
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2010-2020 (USDmn)
37
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2010-2020 (USDmn)
41
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
42
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
47
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
48
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2015
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, Year To December 2015 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
65
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2015
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
76
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, Year To December 2015 (USDmn)
82
Industry Risk/Reward Index
83
Market Overview
85
Medical Device Market Overview
85
Table: Medical Device Market, Key Ratios, 2015
85
Table: Medical Device Market By Product Area, 2015
86
Healthcare Overview
87
Health Status
87
Healthcare System
88
Healthcare Funding
91
Healthcare Resources
91
Healthcare Activity
93
Healthcare Personnel
93
Key Healthcare Data
94
Table: Key Healthcare Data, 2010-2015
94
Industry Trends And Developments
96
Industry Trends & Developments
96
Regulatory Development
100
Medical Device Regulations
100
Competent Authorities
100
Regulations
101
Table: Main Regulations
101
Registrations
103
Market Vigilance
103
Medical Device Pricing & Reimbursement
103
Reimbursement
103
Health Technology Assessment
104
Procurement
105
Competitive Landscape
106
Domestic Medical Device Production
106
Private Sector
106
Public Sector
106
National Medical Device Manufacturers
107
Multinational Medical Device Manufacturers
112
Fresenius Medical Care
112
Natus Medical
113
Multinational Market Activity
114
B
114
Baxter
114
Becton Dickinson
114
Boston Scientific
114
GE
115
Johnson & Johnson
115
Medtronic
115
Philips
116
Siemens
116
Smith & Nephew
117
Stryker
117
Medical Device Market Access
118
Market Environment
118
Trade Agreements
118
Trade Associations
118
Table: Members Of CAEHFA, 2015
119
Trade Shows
122
Methodology
123
Forecast Methodology
123
Trade Code Classifications
124
Table: Rearranged HS Trade Codes
125
Risk/Reward Index Methodology
128
Table: Medical Devices Risk/Reward Index Indicators
129
Sources
131
Contact
132

The Argentina Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Argentina provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Argentina Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Argentina, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Argentina.
  • Target Business Opportunities in the Argentina Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Argentina.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.