The Argentina cardiovascular devices market is
anticipated to witness an impressive growth during the forecast period. This can be ascribed to the growing demand for cardiovascular
devices and the growing demand to diagnose, monitor, and treat conditions
related to heart and blood vessels for health concerns. Also, the increasing
demand for easy and convenient diagnostics equipment, such as pacemakers,
implantable cardioverter defibrillators, stents, and cardiac monitors is
expected to create a lucrative growth of Argentina cardiovascular devices
market during the forecast period. According to National Center for Biotechnology Information
(NCBI), in
Latin America, Argentina is 3rd country with highest mortality rate
where 36.4/1000 people die daily due to heart diseases.
There are several new technological advancements
that incorporate artificial intelligence and remote monitoring capabilities to improve
patient outcome. The development of new and innovative cardiovascular devices
is driving the growth of Argentina cardiovascular devices market.
Also, there has been an increased awareness and
access to healthcare services in Argentina, which has led to more people
seeking treatment for cardiovascular diseases.
Increasing Mortality Drives Market Growth
The increasing mortality rate due to cardiovascular
diseases is one of the key drivers of market growth for cardiovascular devices
in Argentina. Cardiovascular diseases are a leading cause of mortality in
Argentina, accounting for a significant proportion of deaths each year.
According to the World Health Organization, cardiovascular diseases account for
over 30% of deaths in Argentina. As the prevalence of cardiovascular
diseases has increased, there is a growing demand for cardiovascular devices
that can help manage and treat these conditions. Devices such as stents,
pacemakers, and implantable cardioverter defibrillators (ICDs) can help improve
patient outcomes, reduce mortality rates, and enhance quality of life.
The increasing awareness and access to healthcare
services in Argentina are driving the demand for cardiovascular devices. The
Argentine government has implemented initiatives to improve the healthcare
infrastructure and increase access to healthcare services, which has helped to
further increase demand for cardiovascular devices. Also, the awareness and
access to healthcare services has improved in recent years According to the
World Health Organization, in 2020, around 70% of the Argentine population had
access to basic healthcare services which drives the growth of Argentina cardiovascular
devices market.
Increasing Prevalence of Hypertension, Smoking,
Diabetes, and Obesity Promises Market Growth
Hypertension, smoking, diabetes, and obesity are
major risk factors for cardiovascular diseases, which drives the demand for
cardiovascular devices in the Argentina market. These conditions increase the
likelihood of developing cardiovascular diseases, such as coronary artery
disease, heart failure, and stroke. The prevalence of these conditions is
increasing in Argentina, which is leading to a rise in the demand for cardiovascular
devices.
Hypertension or high blood pressure and smoking are
major risk factors for cardiovascular disease, it is estimated that around
20% population in Argentina who has hypertension, smokes. To manage
hypertension, many patients require blood pressure monitoring devices, such as
ambulatory blood pressure monitors, which track blood pressure throughout the
day, smoking cessation programs, and nicotine replacement therapy are often
used in combination with other cardiovascular devices to help reduce the risk
of developing cardiovascular diseases. An additional risk factor for
cardiovascular illnesses is obesity, which affects an estimated 30% of
adults in Argentina. Obesity increases the chance of getting diabetes, high
blood pressure, and other cardiovascular disorders, which may increase the
growth of Argentina cardiovascular devices market.
A major risk factor for cardiovascular diseases is
diabetes. Around 10% of Argentina's adult population have diabetes. To
control their blood sugar levels, diabetic patients may need insulin pumps or
continuous glucose monitoring systems, which can lower their risk of developing
cardiovascular problems.
Change in Lifestyles Drive the Market Growth
Lifestyle changes play an important role in the
prevention and management of cardiovascular diseases, and they also contribute
to the demand for cardiovascular devices in the Argentina market. Making
healthy lifestyle choices, such as engaging in regular exercise, eating a
healthy diet, quitting smoking, and managing stress, can help reduce the risk
of developing cardiovascular diseases and improve overall health. According
to a 2019 survey conducted by the Argentine Society of Cardiology, around 57%
of adults in Argentina reported engaging in regular physical activity, which is
a positive step towards making healthy lifestyle choices. As individuals
become more aware of the importance of making healthy lifestyle choices, there
is a growing demand for cardiovascular devices that can help support these
lifestyle changes. For example, wearable fitness trackers and smartwatches can
help individuals track their physical activity levels and monitor their heart
rate, providing motivation and feedback to help individuals stay on track with
their exercise goals. This might grow the Argentina cardiovascular devices
market. Mobile health apps and telemedicine services are becoming increasingly
popular in Argentina, providing individuals with access to information and support
for making healthy lifestyle choices. These technologies can help individuals
monitor their health and track their progress towards their goals, improving
adherence to healthy lifestyle changes according to a report by the GSMA, as
of 2020, there were approximately 40 million unique mobile internet users in
Argentina, which represents a significant opportunity for the development of
mHealth services.
Download Free Sample Report
Recent Developments
- In 2020, Medtronic
acquired Digital Surgery, a UK-based company that provides AI-enabled
surgical planning, simulation, and training tools. The acquisition is part
of Medtronic's strategy to develop and integrate digital technologies into
its products and services.
- In 2020, healthcare company
Philips launched its Azurion image-guided therapy platform in Argentina.
The platform combines advanced imaging technology with real-time
procedural guidance to help clinicians perform minimally invasive
procedures more safely and effectively.
- In 2019, medical device
company Boston Scientific acquired the privately held company BTG plc,
which develops and manufactures minimally invasive therapies for cancer
and other diseases. The acquisition expanded Boston Scientific's portfolio
of minimally invasive technologies and strengthened its position in the
global medical device market.
Market Segmentation
The Argentina cardiovascular devices market can be segmented
based on type, application, end user, source, and region. Based on type, the
market can be segmented into diagnostic &
monitoring devices and surgical devices. Based on application, the market
can be grouped into coronary artery disease, cardiac arrhythmia, heart failure,
and others. Based on end user, the market can be grouped into hospitals &
clinics, diagnostic centers, and others. Based on source, the market can be grouped
into domestic and import. Based on region, the market can be grouped into
Pampas, Litoral, Northwest, Sierras, and Cuyo.
Market Players
Boston Scientific Corporation, Medtronic, Inc.,
Abbott Laboratories, Biotronik SE & Co. KG, Edwards Lifesciences Corporation,
Terumo Corporation, Microport Scientific Corporation, Cardinal Health, Inc., and
Cook Medical LLC/Argentina are some of the leading players operating in the Argentina
cardiovascular devices market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
|
|
Report Coverage
|
Revenue forecast, company
share, competitive landscape, growth factors, and trends
|
|
Segments Covered
|
Type
Application
End User
Source
|
|
Regional Scope
|
Pampas, Litoral, Northwest,
Sierras, and Cuyo
|
|
Key Companies Profiled
|
Boston Scientific Corporation, Medtronic, Inc., Abbott Laboratories,
Biotronik SE & Co. KG, Edwards Lifesciences Corporation, Terumo
Corporation, Microport Scientific Corporation, Cardinal Health, Inc., Cook
Medical LLC/Argentina
|
|
Customization Scope
|
10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore
purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We
can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, the Argentina cardiovascular
devices market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Argentina Cardiovascular
Devices Market, By Type:
o Diagnostic &Monitoring Devices
o Surgical Devices
- Argentina Cardiovascular
Devices Market, By Application:
o
Coronary
Artery Disease
o
Cardiac
Arrhythmia
o
Heart
Failure
o
Others
- Argentina Cardiovascular
Devices Market, By End User:
o
Hospital
& Clinics
o
Diagnostic
Centers
o
Others
- Argentina Cardiovascular
devices market, By Source:
o
Domestic
o
Import
- Argentina Cardiovascular
devices market, By Region:
o
Pampas
o
Litoral
o
Northwest
o
Sierras
o
Cuyo
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present Argentina cardiovascular devices market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Argentina cardiovascular devices market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]