Argentina Diagnostic Imaging Equipment Market Size (2024 - 2029)

The diagnostic imaging equipment market in Argentina is experiencing growth driven by an increasing geriatric population and a rising prevalence of chronic illnesses. These factors are contributing to the expansion of the market size. Additionally, technological advancements and a growing adoption of new technologies are further supporting this growth. However, the high cost of equipment and procedures, along with concerns about radiation side effects, are challenges that are restraining the market's expansion.

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Market Size of Argentina Diagnostic Imaging Equipment Industry

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argentina diagnostic imaging equipment market analysis
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.20 %

Major Players

argentina diagnostic imaging equipment market key players

*Disclaimer: Major Players sorted in no particular order

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Argentina Diagnostic Imaging Equipment Market Analysis

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.

Argentina Diagnostic Imaging Equipment Industry Segmentation

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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Argentina Diagnostic Imaging Equipment Market Size Summary

The diagnostic imaging equipment market in Argentina has been experiencing significant growth, driven by an increasing geriatric population and the rising prevalence of chronic illnesses. As the older demographic is more susceptible to various diseases, there is a heightened demand for diagnostic imaging to aid in early detection and management. Technological advancements and the country's growing adoption of new technologies have further propelled market expansion. However, challenges such as the high cost of equipment and procedures, along with concerns about radiation side effects, have posed constraints on market growth. Despite these challenges, the integration of advanced cardiac imaging modalities, essential for diagnosing and managing cardiovascular diseases, has become a cornerstone of modern medical practice in Argentina.

The demand for diagnostic imaging equipment is particularly strong in the cardiovascular sector, given that cardiovascular diseases are the leading cause of mortality in the country. As Argentina continues to develop, the healthcare system is evolving, supported by increased government spending, which has made the market more attractive to international players. This has led to the entry of several global companies, including Canon, Fujifilm Corporation, GE Healthcare, Philips Healthcare, and Siemens Healthineers, into the Argentine market. The combination of these factors suggests a promising growth trajectory for the diagnostic imaging equipment market in Argentina over the coming years.

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Argentina Diagnostic Imaging Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Burden of the Chronic Diseases

      2. 1.2.2 Technological Advancements in Imaging Equipments

      3. 1.2.3 Increasing Geriatric population in Argentina

    3. 1.3 Market Restraints

      1. 1.3.1 High Costs Associated With the Devices and Procedure

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Modality

      1. 2.1.1 X-Ray

      2. 2.1.2 MRI

      3. 2.1.3 Ultrasound

      4. 2.1.4 Computed Tomography

      5. 2.1.5 Nuclear Imaging

      6. 2.1.6 Others

    2. 2.2 By Application

      1. 2.2.1 Cardiology

      2. 2.2.2 Oncology

      3. 2.2.3 Neurology

      4. 2.2.4 Orthopedics

      5. 2.2.5 Other Applications

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Diagnostic Centers

      3. 2.3.3 Others

Argentina Diagnostic Imaging Equipment Market Size FAQs

The Argentina Diagnostic Imaging Equipment Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)

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

Argentina Diagnostic Imaging Equipment Report Snapshots

Argentina Diagnostic Imaging Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)