Argentina Projected to Post Strong Growth in Its Medical Equipment Market for 2022
The COVID-19 pandemic has presented many challenges for countries around the world, and Latin America has not been an exception. However, the pandemic has also produced the possibility of developing innovative ideas, such as the prototype device to intubate COVID-19 patients without the danger of infecting healthcare teams. It’s also led to greater acquisitions of state-of-the-art equipment, such as surgery robots or angiometers used to diagnose and treat complex pathologies through minimally invasive procedures.
Global Health Intelligence (GHI) has years of experience in market intelligence gained through extensive research, along with 7 years of continual work in developing HospiScope, which in turn allows the company to produce data-driven market projections and to take the pulse of key hospital markets in Latin America. GHI’s recent data indicates that in 2020 Argentina’s hospitals posted significant increases in their acquisition of specialized medical equipment such as hemodialysis machines (+15.1%), MRI machines (+14.9%) and linear accelerators (10.7%). The company has also noted increases during 2020 in the acquisition of basic equipment such as patient monitoring systems (+16.8%), infusion pumps (6.8%) and ventilators (4.9%), which are clearly linked to treating patients during the pandemic.
Through our analyses we have recently calculated the compound annual growth rate (CAGR) of more than 30 different types of medical equipment in Argentina for the period of 2019-2023. Based on these calculations, below we offer projections for 10 categories of medical equipment and devices that will grow the most in Argentina during 2022, along with 5 that are projected to contract the most next year.
The 10 Medical Equipment Categories with the Greatest Projected Growth in Argentina in 2022
Patient monitoring systems in Argentina’s hospitals
Projected 72% increase in 2022
Mammography equipment in Argentina’s hospitals
Projected 50% increase in 2022
Hyperbaric chambers in Argentina’s hospitals
Projected 42% increase in 2022
Fluoroscopes in Argentina’s hospitals
Projected 27% increase in 2022
Infusion pumps in Argentina’s hospitals
Projected 23% increase in 2022
Vacuum-assisted biopsy equipment in Argentina’s hospitals
Projected 17% increase in 2022
PACS in Argentina’s hospitals
Projected 16% increase in 2022
Gamma cameras in Argentina’s hospitals
Projected 15% increase in 2022
Bone densitometers in Argentina’s hospitals
Projected 14% increase in 2022
Radiotherapy equipment in Argentina’s hospitals
Projected 14% increase in 2022
The 5 Medical Equipment Categories with the Highest Projected Contractions in Argentina in 2022
PET/MR systems in Argentina’s hospitals
Projected 32% contraction in 2022
Cobalt therapy machines in Argentina’s hospitals
Projected 23% contraction in 2022
Stereotactic mammography equipment in Argentina’s hospitals
Projected 15% contraction in 2022
PET scanners in Argentina’s hospitals
Projected 11% contraction in 2022
Endoscopic lithotripsy equipment in Argentina’s hospitals
Projected 9% contraction in 2022
Next Steps
Contact us to obtain more detailed data on the medical equipment market in Argentina. We can help with several key resources, such as:
HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.
SurgiScope: Subscribing to this database allows you to see the surgical procedures taking place in hospitals in LatAm’s key hospital markets, which in turn can be used to gauge market demand for your products, market projections and more.
ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.
LatAm Hospital Monitoring Service: Subscribing to this service gives you weekly updates on Latin American hospitals in the country of your choice, all accessible through a power business intelligence platform that features cutting-edge data visualization tools.
In-Scope: Customized research into the LatAm medical equipment market of your choice that will deliver a proprietary report offering the insights you need to make strategic decisions in 2022 and beyond.
