Argentina Medical Devices Report

Published 13 February 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...

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Business Environment
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
22
Table: Consumables Market, 2008-2018 (US$mn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
25
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2008-2018 (US$mn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (US$mn)
36
Table: Patient Aids Market, 2008-2018 (US$mn % Change)
36
Other Medical Devices Market Forecast
38
Table: Other Medical Devices Market, 2008-2018 (US$mn)
39
Table: Other Medical Devices Market, 2008-2018 (US$mn % Change)
39
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
45
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s % Change)
46
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
50
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2012
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, January 2011 - December 2013 (US$mn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
66
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s % Change)
67
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s % Change)
69
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
71
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2012
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
79
Table: Detailed Medical Device Trade Balance, 2008-2012 (US$000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, January 2011 - December 2013 (US$mn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: GDP By Expenditure (Argentina 2011-2018)
94
Industry Risk Reward Ratings
95
Table: Americas Medical Device Risk Reward Ratings, Q414
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
99
Healthcare Funding
103
Healthcare Resources
103
Healthcare Activity
104
Healthcare Personnel
104
Key Healthcare Data
105
Table: Key Healthcare Data, 2008-2013
105
Industry Trends And Developments
108
Industry Trends & Developments
108
Regulatory Development
111
Medical Device Regulations
111
Competent Authorities
111
Regulations
111
Market Vigilance
114
Medical Device Pricing & Reimbursement
114
National Health Technology Evaluation
114
National Procurement
114
PMOE
114
Competitive Landscape
116
Domestic Medical Device Production
116
National Medical Device Manufacturers
117
Multinational Medical Device Manufacturers
121
Multinational Market Activity
123
Table: Multinational Market Activity, 2014
123
Medical Device Market Access
124
Market Environment
124
Trade Agreements
125
Trade Associations
125
Table: Members Of CAEHFA, 2013
126
Trade Shows
130
Table: Exhibitors Attending EXPODENT, 2014
130
Table: Exhibitors Attending Expo Ortop-dica, 2014
131
Methodology
133
Medical Device Market Methodology
133
Trade Code Classifications
134
Table: Used HS Trade Codes, 2014
134
Table: Rearranged HS Trade Codes, 2014
136
Risk/Reward Ratings Methodology
139
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
140
Sources
141
Contact
142

The Argentina Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc