Argentina Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Modality, Application (Cardiology, Oncology, Neurology, Orthopedics and Other Applications) and End User

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 6.2 %

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Market Overview

The Diagnostic imaging market has been growing in the recent decades. As per a 2017 United Nations report on “World Aging Population”, the geriatric population in Argentina is expected to rise in the future. Older population is more prone to diseases and disorders. As a result the prevalence of chronic illnesses is expected to increase in Argentina in the future. These are the major factors that have been driving the growth of the diagnostic imaging market in Argentina. Moreover, the technological advancements and rising adoption rate of the country towards newer technologies have also helped the market growth in Argentina.

However, high cost of equipment and procedures and concerns among the population regarding side-effects of radiations have been restraining the market growth.

Scope of the report

As per the scope of the report, the diagnostic imaging market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in a variety of oncological, orthopedic, gastro- and gynecological fields. 

By Modality
X-Ray
MRI
Ultrasound
Computed Tomography
Nuclear Imaging
Others
By Application
Cardiology
Oncology
Neurology
Orthopedics
Other Applications
By End User
Hospitals
Diagnostic Centers
Others

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Key Market Trends

Application in Cardiology is expected Cover a Large Share of the Market

Several cardiac imaging modalities have become essential in the practice of modern cardiovascular medicine not only in diagnosis but also in the management of various cardiovascular diseases as well as in the guidance of invasive procedures. These modalities include echocardiography, myocardial perfusion imaging via nuclear scintigraphy, magnetic resonance imaging (MRI), and computed tomography (CT). Each modality can be used individually or in combination depending on desired diagnostic needs. These studies are now routinely used together with history taking, physical examination, laboratory testing and have come to define the practice of modern cardiovascular medicine. 

Moreover, as the cardiovascular diseases are the leading cause of death in Argentina. As a result, the demand for diagnostic imaging equipment in Argentina is expected to be high for cardiovascular diseases.

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Competitive Landscape

Argentina is a developing country. Although the current healthcare system is not structured, the progress in healthcare due to increased healthcare spending by the government. As a result, the market has become more lucrative in the recent years and is hence expected to grow in the future. This has resulted in many global players in the diagnostic imaging market to enter Argentina.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of the Chronic Diseases

      2. 4.2.2 Technological Advancements in Imaging Equipments

      3. 4.2.3 Increasing Geriatric population in Argentina

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs Associated With the Devices and Procedure

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 X-Ray

      2. 5.1.2 MRI

      3. 5.1.3 Ultrasound

      4. 5.1.4 Computed Tomography

      5. 5.1.5 Nuclear Imaging

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Oncology

      3. 5.2.3 Neurology

      4. 5.2.4 Orthopedics

      5. 5.2.5 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostic Centers

      3. 5.3.3 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 Carestream Health, Inc.

      3. 6.1.3 Esaote SpA

      4. 6.1.4 Fujifilm Holdings

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Hitachi Medical Corporation

      7. 6.1.7 Hologic, Inc.

      8. 6.1.8 Philips Healthcare

      9. 6.1.9 Shimadzu Corporation

      10. 6.1.10 Siemens Healthcare

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Argentina Diagnostic Imaging Equipment Market market is studied from 2018 - 2026.

The Argentina Diagnostic Imaging Equipment Market is growing at a CAGR of 6.2% over the next 5 years.

Canon, Fujifilm Corporation, GE Healthcare, Philips Healthcare , Siemens Healthineers are the major companies operating in Argentina Diagnostic Imaging Equipment Market.

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