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.
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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.
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.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.