Diagnostic Imaging Devices - Argentina

The projected revenue in the Diagnostic Imaging Devices market market in Argentina is expected to reach US$678.80m in 2024.
This indicates a positive growth trend in the country's healthcare industry.
Furthermore, it is anticipated that the market will continue to expand at a compound annual growth rate (CAGR 2024-2029) of 3.60%, resulting in a market volume of US$809.90m by 2029.
This signifies the potential for further development and investment opportunities in the sector.
When compared to other countries on a global scale, the United States is expected to generate the highest revenue in the Diagnostic Imaging Devices market market, reaching US$11.93bn in 2024.
This highlights the dominant position of the United States in the global market, showcasing its advanced healthcare infrastructure and technological advancements in the field of diagnostic imaging.
Argentina is experiencing a growing demand for advanced diagnostic imaging devices in its medical technology market.

Definition:
The market covers diagnostic imaging devices such as X-ray systems, ultrasound systems, computed tomography scanners, Magnetic resonance imaging (MRT) systems, and related components.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Siemens Healthineers, General Electric, Philips, Fujifilm Holdings. Further information on the key players can be found in the Market Shares boxes.

X-ray systems
Computed tomography (CT) scanners
Magnetic resonance imaging (MRT) systems
Positron emission tomography (PET) scanners

Non-imaging diagnostics
In vitro diagnostics (IVD)

The Diagnostic Imaging Devices market in Argentina has experienced significant growth in recent years, driven by customer preferences for advanced medical technology and the increasing demand for accurate and efficient diagnostic tools. Customer preferences in the Diagnostic Imaging Devices market in Argentina have shifted towards more advanced and sophisticated devices that provide higher image quality and improved diagnostic capabilities. This preference is driven by the increasing awareness among healthcare professionals and patients about the benefits of early and accurate diagnosis. As a result, there has been a growing demand for devices such as magnetic resonance imaging (MRI) scanners, computed tomography (CT) scanners, and ultrasound machines that offer enhanced imaging capabilities. In addition to customer preferences, there are several global and regional trends that are shaping the Diagnostic Imaging Devices market in Argentina. One of the key trends is the increasing prevalence of chronic diseases, such as cardiovascular diseases and cancer, which require frequent diagnostic imaging procedures. This has led to a higher demand for imaging devices that can provide accurate and detailed images of the affected areas, enabling healthcare professionals to make informed decisions about treatment options. Another trend in the market is the growing adoption of telemedicine, which allows healthcare professionals to remotely access and interpret diagnostic images. This trend has been particularly beneficial in rural areas of Argentina, where access to specialized healthcare services is limited. The use of telemedicine has not only improved the efficiency and accessibility of diagnostic imaging services but has also reduced the overall healthcare costs. Local special circumstances also play a significant role in the development of the Diagnostic Imaging Devices market in Argentina. The country has a well-established healthcare system, with a strong emphasis on public healthcare. The government has been investing in the expansion and modernization of healthcare facilities, including the procurement of advanced diagnostic imaging devices. This has created a favorable environment for the growth of the market, as healthcare providers are able to invest in state-of-the-art equipment to meet the increasing demand for diagnostic imaging services. Underlying macroeconomic factors, such as the overall economic growth and healthcare expenditure in Argentina, also contribute to the development of the Diagnostic Imaging Devices market. As the country's economy continues to recover from the recent recession, there is a greater ability for healthcare providers to invest in advanced medical technology. Additionally, the government's commitment to improving healthcare infrastructure and services has resulted in increased healthcare expenditure, further driving the demand for diagnostic imaging devices. In conclusion, the Diagnostic Imaging Devices market in Argentina is experiencing significant growth due to customer preferences for advanced medical technology, the increasing prevalence of chronic diseases, the adoption of telemedicine, local special circumstances, and underlying macroeconomic factors. These factors are driving the demand for advanced diagnostic imaging devices and shaping the future of the market in Argentina.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.