Argentina Therapeutic Device Market Overview, 2028

Argentina's therapeutic device market is growing as a result of its stable economy and infrastructural developments in the medical field. The growth of healthcare and the purchase of devices are supported by increased financing and government efforts. With a well-established healthcare infrastructure, Argentina has a substantial healthcare market. The nation's healthcare system, which consists of a combination of the public and private sectors and comprises clinics, hospitals, and specialised care facilities, fosters a supportive atmosphere for the use of therapeutic devices. The need for therapeutic devices specifically designed to manage common health concerns is driven by the prevalence of chronic diseases, including but not limited to cardiovascular ailments, diabetes, and respiratory illnesses. The ageing population of Argentina makes gadgets that address age-related health conditions even more necessary. Numerous universities and research centres devoted to cutting-edge medical science are found in Argentina. This setting encourages local manufacturing and technological developments while fostering the creation of cutting-edge therapeutic gadgets. Patients travelling from outside for specialised care are drawn to Argentina. The need for superior medical care services drives the use of cutting-edge therapeutic equipment in hospitals and specialised care facilities that treat patients from across the world. There are specialist medical facilities across the nation that concentrates on specialised fields like neurology, orthopaedics, and oncology. These facilities create a need for specialised therapeutic gadgets, which propels the growth of certain medical industries.

According to the research report "Argentina Therapeutic Device Market Overview, 2028," published by Bonafide Research, the Argentina Therapeutic Device market is predicted to grow with more than 7.2% CAGR from 2023 to 2028. Argentina is a significant supplier of medical equipment and is home to more than 400 medical device companies. Argentina is renowned for producing innovative and high-quality medical gadgets. A number of top-tier medical device research institutes are located in Argentina. Among the various organisations doing state-of-the-art research in medical device creation are the Instituto de Investigaciones Tecnológicas de la Universidad Nacional de Tucumán (UNT), the Fundación Favaloro, and the Instituto Nacional de Tecnología Industrial (INTI). Telemedicine applications and platforms have been developed and adopted in Argentina. These integrations allow for remote monitoring, diagnosis, and consultations with treatment devices, a feature that is particularly helpful in underprivileged and distant places. The development of smart monitoring devices is the result of advancements in sensor technology and networking. Patients and healthcare professionals can monitor vital signs, medication compliance, and illness management remotely thanks to the integration of these devices with mobile applications. Complex surgical devices have been developed as a result of improvements in minimally invasive surgical procedures. With the use of these tools, surgeons may do intricate operations with fewer incisions, shortening the recovery period and lowering the risk for patients. In Argentina, wearable medical technology is becoming more popular. In order to support preventive healthcare, wearable technology such as fitness trackers and smartwatches now incorporates health monitoring functions like heart rate monitoring, ECG tracking, and sleep analysis. The nation has seen the introduction of cutting-edge diagnostic and imaging equipment. Accurate diagnosis and treatment planning are aided by high-resolution imaging technology, such as CT and MRI scanners.

Based on product market is majorly segmented into insulin delivery devices, dialysis equipments, IV equipments, wound care management, and others (ventilators, sleep apnea therapeutic device, respiratory care, hearing aids). Insulin delivery devices product is expected to propel the market of Argentina significantly. Argentina has been implementing public health programmes to combat diabetes. Access to necessary diabetic care, such as insulin and contemporary insulin delivery devices, is one of these efforts. Novel insulin administration systems have been developed as a result of ongoing technical breakthroughs. These provide patients with more options for managing their diabetes, such as insulin pens, pumps, and continuous glucose monitoring systems. Campaigns to raise awareness of diabetes and educational programmes inform patients and medical professionals on the value of appropriate diabetes care. In an effort to better control disease, these initiatives promote the use of cutting-edge insulin delivery systems. Insulin delivery systems provide more precise insulin dosage management by providing individualised treatment alternatives. This personalisation encourages the use of these devices and fits well with the personalised medicine movement.

Based on end user segment market is majorly categorised into hospitals and clinics, home care settings, ambulatory care centers (ACCs) and other end user. Ambulatory care centers (ACCs) are one of the major end user of therapeutic devices in Argentina. ACCs are experts at providing medical treatments that don't require overnight hospital stays, such as outpatient care. With Argentina's healthcare system shifting towards an outpatient focus, ACCs play a critical role in providing a range of therapies and treatments. ACCs provide more affordable options for healthcare than traditional hospital-based options. These facilities treat a wide range of illnesses and offer prompt, effective therapies. As a result, they need a variety of therapeutic instruments to support their operations. Modern technology is frequently included in ACCs' offerings. The demand for these therapeutic devices is driven by their use of diagnostic and monitoring tools, such as blood pressure monitors, portable ECG machines, and point-of-care testing tools. Based on indication market includes, wound care, diabetes, respiratory diseases, cardiovascular disorders & hypertension, cancer, pregnancy, hearing disorders, movement disorders and other indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV). Wound care and diabetes disease are major indication that significantly increasing the demand for therapeutic device in Argentina and is expected to grow a significant pace as well.

Considered in this report:
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028



Aspects covered in this report:
• Argentina Therapeutic Device market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• Insulin Delivery Devices
• Dialysis Equipments
• IV Equipments
• Wound Care Management
• Others (ventilators, sleep apnea therapeutic device, respiratory care, hearing aids)

By End User:
• Hospitals and Clinics
• Home Care Settings
• Ambulatory Care Centers (ACCs)
• Other End User

By Indication:
• Wound Care
• Diabetes
• Respiratory Diseases
• Cardiovascular Disorders & Hypertension
• Cancer
• Pregnancy
• Hearing Disorders
• Movement Disorders
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Therapeutic Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.