Argentina Medical Devices Report

Published 27 April 2015

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Argentina Medical Devices Report

BMI Industry View: The Argentine medical device market has fallen in the regional ranking . We forecas t a low 2013-2018 CAGR of 4.8 % in U S dollar terms, which reflects the impact of the projected depreciation of the local currency . A relatively large domestic manufacturing sector is operational but imports remain very high , in spite of an apparent shortage of consumables reported in 2014 . The country has recovered from a severe economic crisis in 2002 but has not resolved its long-standing macroeconomic imbalances, which will affect the market in the long-term .

Headline Industry Forecasts

  • The Argentine medical device market was valued at USD687.2mn in 2013. Diagnostic imaging, other medical devices and consumables have the largest market shares. Prior to the economic crisis, Argentina had the highest medical device expenditure per capita in Latin America, but it now lags behind, at USD17 in 2013. We project a 2013-2018 market CAGR of 4.8% in US dollar terms, which reflects the impact of the projected depreciation of the local currency.

  • The market is dominated by medical device imports, primarily from the USA, China and Germany, therefore the trade balance remains negative. Imports for the 12 months to June 2014 increased by 2.7% in US dollar terms over the previous 12 months to June 2013, reaching USD643.5mn. Diagnostic imaging fell by 2.3% while consumables contracted by 1.9%.

  • Medical device exports for the 12 months to June 2014 rose by a negligible 0.1% in US dollar terms over the previous 12 months to June 2013, reaching USD82.1mn. Exports of diagnostic imaging and orthopaedics & prosthetics recorded rises, at 10.6% and 2.4%, while the remaining four product areas registered falls.

  • Argentina has a relatively large domestic medical device sector, which is capable of supplying products in the low to medium technology range of the market. There are around 200 producers, which employ about 2,500 direct and 30,000 indirect...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2008-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn % Change)
30
Dental Products Market Forecast
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (USDmn)
32
Table: Dental Products Market, 2008-2018 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
38
Table: Patient Aids Market, 2008-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (USDmn)
41
Table: Other Medical Devices Market, 2008-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2008-2012 (USD000s)
47
Table: Medical Device Imports By Product Area, 2008-2012 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2012 (USD000s)
52
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (USD000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2012
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, December 2011 - June 2014 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2008-2012 (USD000s)
68
Table: Medical Device Exports By Product Area, 2008-2012 (USD000s % Change)
69
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s % Change)
71
Table: Top 20 Medical Device Destinations, 2012 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2012
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (USD000s)
81
Table: Detailed Medical Device Trade Balance, 2008-2012 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, December 2011 - June 2014 (USDmn)
87
Macroeconomic Forecasts
89
Economic Analysis
89
Table: Economic Activity (Argentina 2010-2019)
94
Industry Risk/Reward Index
95
Table: Americas Medical Device Risk/Reward Index, Q315
96
Market Overview
97
Medical Device Market Overview
97
Table: Medical Device Market, Key Ratios, 2013
98
Table: Medical Device Market By Product Area, 2013
98
Healthcare Overview
99
Health Status
99
Healthcare System
100
Healthcare Funding
104
Healthcare Resources
105
Healthcare Activity
107
Healthcare Personnel
107
Key Healthcare Data
108
Table: Key Healthcare Data, 2009-2014
108
Industry Trends And Developments
111
Industry Trends & Developments
111
Regulatory Development
116
Medical Device Regulations
116
Competent Authorities
116
Regulations
116
Registrations
119
Market Vigilance
120
Medical Device Pricing & Reimbursement
120
Reimbursement
120
Health Technology Assessment
120
Procurement
120
Competitive Landscape
122
Domestic Medical Device Production
122
Private Sector
122
Public Sector
122
National Medical Device Manufacturers
123
Multinational Medical Device Manufacturers
128
Multinational Market Activity
130
Table: Multinational Market Activity, 2015
130
Medical Device Market Access
133
Administrative Divisions
133
Trade Agreements
133
Trade Associations
134
Table: Members Of CAEHFA, 2015
135
Trade Shows
138
Table: Exhibitors Attending EXPODENT, 2014
139
Table: Exhibitors Attending Expo Ortop-dica, 2014
140
Methodology
141
Forecast Methodology
141
Trade Code Classifications
142
Table: Used HS Trade Codes
142
Table: Rearranged HS Trade Codes
144
Risk/Reward Index Methodology
147
Table: Medical Devices Risk/Reward Index Indicators
148
Sources
150
Contact
151

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.

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