Argentina Artificial Organs & Bionic Implants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.54 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Artificial Organs & Bionic Implants Market Analysis
The Argentina Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.54% in the forecast period. The growth of the market in the country has been attributed to the increasing incidence of disabilities and organ failures coupled with the aging population and the increasing technological advancements.
According to Ministerio de Transporte (Argentina), 2019, Argentina has registered 122,885 road traffic accidents of which nearly 39,700 occurred in the region of Buenos Aires and 11,585 road accidents in Santa Fe province. In addition, the majority of the road traffic accidents that occurred in the country in 2018 were attributed to collision or crash. Therefore the increasing number of road accidents is expected to create more demand for artificial organs & bionic implants.
In addition, the high cost of the organs and the procedures is a major constraint. The high cost of these organs is due to the production policies to address the patients, taxpayers, and medical technology corporations.
Argentina Artificial Organs & Bionic Implants Market Trends
This section covers the major market trends shaping the Argentina Artificial Organs & Bionic Implants Market according to our research experts:
Cardiac Bionics Segment is Expected to Have a Highest Growth Rate in the Forecast Period
Cardiac bionics is expected to show a high growth rate that is attributed to the increasing prevalence of cardiovascular diseases and the increasing geriatric population in the country. According to an article published by Rafael Diaz in 2019, cardiovascular disease is the leading cause of death with 30% in the country and ischemic heart disease is the condition with the highest morbidity and mortality. Furthermore, according to the study the prevalence of risk factors like overweight, obesity, Diabetes Mellitus is increasing which in turn increases the incidence of cardiovascular disease. Moreover, the growing geriatric population is also boosting the patient pool and segment growth.
Argentina Artificial Organs & Bionic Implants Industry Overview
The Argentina Artificial Organs & Bionic Implants Market is moderately competitive with several major players. The global enterprises are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, and enhancing distribution channels. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments.
Argentina Artificial Organs & Bionic Implants Market Leaders
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Zimmer Biomet
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Boston Scientific Corporation
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Medtronic plc
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Ossur
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Otto Bock Holding GmbH & Co. KG
*Disclaimer: Major Players sorted in no particular order
Argentina Artificial Organs & Bionic Implants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Incidence of Disabilities and Organ Failures coupled with Rapidly Aging Population
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4.2.2 Rapid Technological Advancements
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4.3 Market Restraints
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4.3.1 High Cost of the Procedures
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Artificial Organs
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5.1.1.1 Artificial Heart
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5.1.1.2 Artificial Kidney
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5.1.1.3 Others
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5.1.2 Bionics
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5.1.2.1 Vision Bionics
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5.1.2.2 Orthopedic Bionic
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5.1.2.3 Cardiac Bionics
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5.1.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Zimmer Biomet
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6.1.2 Boston Scientific Corporation
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6.1.3 Otto Bock Holding GmbH & Co. KG
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6.1.4 Medtronic plc
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6.1.5 Ossur
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6.1.6 Abbott Laboratories (St. Jude Medical, LLC)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Artificial Organs & Bionic Implants Industry Segmentation
As per the scope of the report, artificial organs are mechanical devices that can temporarily or permanently substitute for a body organ. The Artificial Organs are made by a human and are implemented in human bodies with living tissue, it can able to perform the original function of human body parts. Bionics refers to the replacement or improvement of body parts by mechanical kinds.
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Argentina Artificial Organs & Bionic Implants Market Research FAQs
What is the current Argentina Artificial Organs & Bionic Implants Market size?
The Argentina Artificial Organs & Bionic Implants Market is projected to register a CAGR of 11.54% during the forecast period (2024-2029)
Who are the key players in Argentina Artificial Organs & Bionic Implants Market?
Zimmer Biomet, Boston Scientific Corporation, Medtronic plc, Ossur and Otto Bock Holding GmbH & Co. KG are the major companies operating in the Argentina Artificial Organs & Bionic Implants Market.
What years does this Argentina Artificial Organs & Bionic Implants Market cover?
The report covers the Argentina Artificial Organs & Bionic Implants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Artificial Organs & Bionic Implants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Artificial Organs & Bionic Implants Industry Report
Statistics for the 2024 Argentina Artificial Organs & Bionic Implants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Artificial Organs & Bionic Implants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
