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The Argentina Artificial Organs & Bionic Implants Market is segmented by Product (Artificial Organs and Bionics)
The Argentina Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.54% in the forecast period. The growth of the market in the country has been attributed to the increasing incidence of disabilities and organ failures coupled with the aging population and the increasing technological advancements.
According to Ministerio de Transporte (Argentina), 2019, Argentina has registered 122,885 road traffic accidents of which nearly 39,700 occurred in the region of Buenos Aires and 11,585 road accidents in Santa Fe province. In addition, the majority of the road traffic accidents that occurred in the country in 2018 were attributed to collision or crash. Therefore the increasing number of road accidents is expected to create more demand for artificial organs & bionic implants.
In addition, the high cost of the organs and the procedures is a major constraint. The high cost of these organs is due to the production policies to address the patients, taxpayers, and medical technology corporations.
As per the scope of the report, artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. The Artificial Organs are made by a human and are implemented in human bodies with living tissue, it can able to perform the original function of human body parts. Bionics refers to the replacement or improvement of body parts by mechanical kinds.
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Cardiac bionics is expected to show a high growth rate that is attributed to the increasing prevalence of cardiovascular diseases and the increasing geriatric population in the country. According to an article published by Rafael Diaz in 2019, cardiovascular disease is the leading cause of death with 30% in the country and ischemic heart disease is the condition with the highest morbidity and mortality. Furthermore, according to the study the prevalence of risk factors like overweight, obesity, Diabetes Mellitus is increasing which in turn increases the incidence of cardiovascular disease. Moreover, the growing geriatric population is also boosting the patient pool and segment growth.
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The Argentina Artificial Organs & Bionic Implants Market is moderately competitive with several major players. The global enterprises are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, and enhancing distribution channels. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidence of Disabilities and Organ Failures coupled with Rapidly Aging Population
4.2.2 Rapid Technological Advancements
4.3 Market Restraints
4.3.1 High Cost of the Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Artificial Organs
18.104.22.168 Artificial Heart
22.214.171.124 Artificial Kidney
126.96.36.199 Vision Bionics
188.8.131.52 Orthopedic Bionic
184.108.40.206 Cardiac Bionics
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zimmer Biomet
6.1.2 Boston Scientific Corporation
6.1.3 Otto Bock Holding GmbH & Co. KG
6.1.4 Medtronic plc
6.1.6 Abbott Laboratories (St. Jude Medical, LLC)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments