Argentina Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Argentina Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

Key Market TrendsApplication 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.

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Canon Medical Systems Corporation
Carestream Health, Inc.
Esaote SpA
Fujifilm Holdings
GE Healthcare
Hitachi Medical Corporation
Hologic, Inc.
Philips Healthcare
Shimadzu Corporation
Siemens Healthcare

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