Business Monitor International


Argentina Medical Devices Report

Published 11 February 2014

  • 160 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Argentina Medical Devices Report

Espicom Industry View: The Argentine medical device market ranks fifth in Latin America . Espicom forecas ts a high 2013-2018 CAGR of 10.9 % in U S dollar terms, fuelled by increasing health expenditure . Medical device imports are very high , although a relatively large domestic medical device sector is operational . The country has recovered from a severe economic crisis in 2002 but has not resolved its long-standing macroeconomic imbalances, which will affect the medical device market in the long-term.

Headline Industry Forecasts

  • The Argentine medical device market was valued at US$692.1mn in 2013, ranking fifth in Latin America. Diagnostic imaging accounted for 28.0% of the total, followed by other medical devices (19.9%), consumables (17.5%), patient aids (17.4%), orthopaedics & prosthetics (13.1%) and dental products (4.2%). Prior to the economic crisis, Argentina had the highest medical expenditure per capita in Latin America, but it now lags behind, at US$16.7 in 2013. Espicom projects a 2013-2018 market CAGR of 10.9% in US dollar terms.

  • The market is dominated by medical device imports, primarily from the European Union, the USA and China, therefore the trade balance remains negative. Imports for the latest 12 months to May 2013 increased by 5.9% in US dollar terms over the previous 12 months to May 2012, reaching US$640.0mn. Diagnostic imaging grew the fastest at 11.7%, followed by consumables (10.1%), other medical devices (8.8%) and orthopaedics & prosthetics (2.2%). Dental products fell by 4.0%, followed by patient aids (-3.5%).

  • Medical device exports for the latest 12 months to May 2013 fell by 25.4% in US dollar terms over the previous 12 months to May 2012, to US$79.4mn. Dental products, patient aids and consumables recorded low growth, whilst diagnostic imaging, orthopaedics & prosthetics and other medical devices registered falls, with a particular high incidence for diagnostic imaging.

  • Argentina has a relatively large...

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
Past Performance 2008-2013
15
Future Performance 2013-2018
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
22
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
25
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
28
Consumables Market Forecast
31
Table: Consumables Market, 2008-2018 (US$mn)
32
Table: Consumables Market, 2008-2018 (US$ Per Capita)
33
Table: Consumables Market, 2008-2018 (US$mn % Change)
34
Diagnostic Imaging Market Forecast
36
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
37
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
38
Table: Diagnostic Imaging Market, 2008-2018 (US$mn % Change)
39
Dental Products Market Forecast
41
Table: Dental Products Market, 2008-2018 (US$mn)
41
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
42
Table: Dental Products Market, 2008-2018 (US$mn % Change)
43
Orthopaedics & Prosthetics Market Forecast
45
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn % Change)
47
Patient Aids Market Forecast
48
Table: Patient Aids Market, 2008-2018 (US$mn)
49
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
49
Table: Patient Aids Market, 2008-2018 (US$mn % Change)
50
Other Medical Devices Market Forecast
52
Table: Other Medical Devices Market, 2008-2018 (US$mn)
53
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
54
Table: Other Medical Devices Market, 2008-2018 (US$mn % Change)
55
Annual Medical Device Imports
57
Table: Medical Device Imports By Product Area, 2007-2011 (US$000s)
60
Table: Medical Device Imports By Product Area, 2007-2011 (US$000s, % Change)
61
Table: Medical Device Imports By Product Area, 2007-2011 (Local Currency 000s)
62
Table: Medical Device Imports By Product Area, 2007-2011 (Local Currency 000s, % Change)
63
Table: Medical Device Imports By Product Area, 2007-2011 (% Distribution)
65
Table: Leading Medical Device Suppliers By Product Area, 2011 (US$000s)
67
Table: Leading Medical Device Suppliers By Product Area, 2011 (% Distribution)
68
Table: Top 20 Medical Device Suppliers, 2011 (US$000s)
70
Table: Detailed Medical Device Imports By Product Area, 2007-2011 (US$000s)
71
Table: Detailed Medical Device Import Trends By Product Area, 2011
74
Table: Detailed Leading Medical Device Suppliers By Product Area, 2011 (US$000s)
78
Monthly Medical Device Imports
81
Table: Monthly Medical Device Imports By Product Area, April 2010-May 2013 (US$mn)
81
Annual Medical Device Exports
83
Table: Medical Device Exports By Product Area, 2007-2011 (US$000s)
85
Table: Medical Device Exports By Product Area, 2007-2011 (US$000s, % Change)
86
Table: Medical Device Exports By Product Area, 2007-2011 (Local Currency 000s)
87
Table: Medical Device Exports By Product Area, 2007-2011 (Local Currency 000s, % Change)
88
Table: Medical Device Exports By Product Area, 2007-2011 (% Distribution)
90
Table: Leading Medical Device Destinations By Product Area, 2011 (US$000s)
91
Table: Leading Medical Device Destinations By Product Area, 2011 (% Distribution)
92
Table: Top 20 Medical Device Destinations, 2011 (US$000s)
94
Table: Detailed Medical Device Exports By Product Area, 2007-2011 (US$000s)
95
Table: Detailed Medical Device Export Trends By Product Area, 2011
98
Table: Detailed Leading Medical Device Destinations By Product Area, 2011 (US$000s)
102
Table: Detailed Medical Device Balance Of Trade, 2007-2011 (US$000s)
105
Monthly Medical Device Exports
108
Table: Monthly Medical Device Exports By Product Area, April 2010-May 2013 (US$mn)
108
Macroeconomic Forecasts
110
Table: Argentina - GDP By Expenditure
117
Industry Risk Reward Ratings
119
Table: Americas Medical Device Risk Reward Ratings, Q214
120
Market Overview
121
Medical Device Market Overview
121
Overview
121
Table: Medical Device Market, Key Ratios, 2013
122
The Market In 2013
122
Table: Medical Device Market By Product Area, 2013
122
Healthcare Overview
124
Health Status
124
Healthcare System
124
Healthcare Funding
128
Healthcare Resources
128
Healthcare Activity
129
Healthcare Personnel
129
Key Data
130
Table: Key Data, 2008-2013
130
Industry Trends And Developments
133
Industry Trends & Developments
133
Regulatory Development
135
Medical Device Regulations
135
Competent Authorities
135
Regulations
135
Market Vigilance
137
Medical Device Pricing & Reimbursement
138
National Health Technology Evaluation
138
National Procurement
138
PMOE
138
Competitive Landscape
139
Domestic Medical Device Production
139
National Medical Device Manufacturers
139
Multinational Medical Device Manufacturers
141
Multinational Market Activity
143
Table: Multinational Market Activity, 2014
143
Medical Device Market Access
144
Market Environment
144
Trade Agreements
145
Trade Associations
145
Table: Members Of CAEHFA, 2013
146
Trade Shows
149
Table: Exhibitors Attending EXPODENT, 2014
149
Methodology
151
Medical Device Market Methodology
151
Trade Code Classifications
152
Table: Used HS Trade Codes, 2014
152
Table: Rearranged HS Trade Codes, 2014
154
Risk/Reward Ratings Methodology
157
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
158
Sources
159
Contact
160

The Argentina Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Argentina.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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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