Market Trends of Argentina Cardiovascular Devices Industry
This section covers the major market trends shaping the Argentina Cardiovascular Devices Market according to our research experts:
Electrocardiogram (ECG) Sub-segment is Expected to Witness Growth Over the Forecast Period
An electrocardiogram (ECG) records the electrical signals from the heart. It is a common and painless test used to detect heart problems and monitor the heart's health. Due to its increasing adoption in interventional cardiology, the demand for ECG is increasing and it is expected to fuel segmental growth.
Currently, there are portable and compact electrocardiogram (ECG) devices that help in monitoring the heart. Moreover, there has been an increase in the incidence of cardiovascular diseases (CVD), wherein long-term ECG monitoring is necessary and with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time. Additionally, as per an article published by medRxiv in October 2022, when ECG data were collected from patients with Atrial Fibrillation (AF), a common cardiac disorder, from a healthcare center in Argentina, the ECG detected severe arrhythmias in 10% of patients. Thus, such studies and instances show that ECG can detect risk factors and conditions promptly related to CVDs. This creates demand for ECG by further fueling the segment's growth.
Moreover, there are several courses offered in the country, which focus on the use of ECG. For instance, in August 2021, Fundación Argentina de Ergonomía conducted the Electrocardiogram I course, which began in September 2022. Such activities and initiatives in the country are increasing public awareness about the same. This is further expected to boost the growth of the studied segment. Hence, owing to the advantages of ECG and raising awareness about the same, the segment is expected to show growth in the coming years.
Stents Sub-Segment is Expected to Grow at a Faster Pace Over the Forecast Period
A stent, which resembles a tiny coil of wire mesh, supports the artery's walls, aids in preventing it from re-narrowing, and is used during angioplasty. These are currently used most frequently in most patients undergoing angioplasty. Once implanted, stents are designed to be permanent and will keep patients' arteries open. Thus, the stent by therapeutic and surgical devices segment is anticipated to gain demand and witness growth over the analysis period.
There are several benefits associated with stents used for coronary artery disease (CAD). A cardiac stent is most often used to treat narrowed or blocked coronary arteries. Also, it can be used to improve blood flow immediately post a heart attack. According to December 2021 update by Medtronic Plc., stenting is a minimally invasive alternative to coronary artery bypass grafting (CABG) surgery due to a lower risk of complications than in CABG and it has a much shorter recovery period after CABG surgery. In addition, as per the source above, major surgery is not required, also most patients do not require general anesthesia with minor to least complications. Thus, due to such advantages, there is high adoption of stents in the country. This is further anticipated to drive the segment growth over the forecast period. Therefore, the growth of the segment is anticipated owing to the factors above.
