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: The Argentine market will record a low US dollar 20 14-2019 CAGR, reflect ing a slow depreciation of the official exchange rate through 2015 and a projected devaluation of the peso in 2016. Market drivers include a large population with a sizeable elderly group, the increasing 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 medical device import reliance.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 729.9 17.5 5,929.4 141.8 8.1
2015 730.4 17.3 6,609.9 156.8 9.1
2016 632.3 14.9 7,904.2 186.0 12.5
2017 726.5 17.0 9,172.1 214.1 12.6
2018 778.1 18.0 10,115.2 234.3 13.0
2019 848.1 19.5 11,131.5 255.9 13.1

Latest Updates And Key Forecasts

  • We forecast that the market will record a low 2014-2019 CAGR of 3.0% in US dollar terms, taking the value to over USD0.8bn by 2019. The low dollar growth rate will reflect a slow depreciation of the official exchange rate through 2015 and a projected devaluation of the peso in 2016.

  • Import growth will remain in double-digits in local terms in 2015, while it will be moderate in US dollar terms. Imports increased by 34.5% to ARS5.9bn over the 12-month period to June 2015, while they rose by only 5.8% to USD0.7bn over the same period.

  • Exports will remain low in comparison to imports, despite strong export competitiveness in Latin America. Export growth will be positive in local currency terms, but very low or negative in US dollar terms. Exports increased by 6.2% to ARS0.6bn over the 12-month period to June 2015, while they contracted by 17.7% to less than USD0.1bn over the same period.

  • In February 2015, Tecme announced the inauguration of a manufacturing plant in Atlanta, GA, USA. With this expansion, Tecme aims to strengthen its export sales. We note that the Argentine company already owns a 4,700m 2 plant in Cordoba, Argentina.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
52
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, June 2012 - December 2014 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
71
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
81
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, June 2012 - December 2014 (USDmn)
87
Macroeconomic Forecasts
89
Economic Analysis
89
Industry Risk/Reward Index
96
Table: Americas Medical Device Risk/Reward Index, Q415
97
Market Overview
98
Medical Device Market Overview
98
Table: Medical Device Market, Key Ratios, 2014
98
Table: Medical Device Market By Product Area, 2014
99
Healthcare Overview
100
Health Status
100
Healthcare System
101
Healthcare Funding
105
Healthcare Resources
106
Healthcare Activity
108
Healthcare Personnel
108
Key Healthcare Data
109
Table: Key Healthcare Data, 2009-2014
109
Industry Trends And Developments
112
Industry Trends & Developments
112
Regulatory Development
118
Medical Device Regulations
118
Competent Authorities
118
Regulations
118
Registrations
121
Market Vigilance
122
Medical Device Pricing & Reimbursement
122
Reimbursement
122
Health Technology Assessment
122
Procurement
123
Competitive Landscape
124
Domestic Medical Device Production
124
Private Sector
124
Public Sector
124
National Medical Device Manufacturers
125
Multinational Medical Device Manufacturers
130
Multinational Market Activity
132
Table: Multinational Market Activity, 2015
132
Medical Device Market Access
135
Administrative Divisions
135
Trade Agreements
135
Trade Associations
136
Table: Members Of CAEHFA, 2015
137
Trade Shows
140
Table: Exhibitors Attending EXPODENT, 2014
141
Table: Exhibitors Attending Expo Ortop-dica, 2014
142
Methodology
143
Forecast Methodology
143
Trade Code Classifications
144
Table: Rearranged HS Trade Codes
145
Risk/Reward Index Methodology
148
Table: Medical Devices Risk/Reward Index Indicators
149
Sources
151
Contact
152

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.