Argentina Computed Tomography Market Size (2024 - 2029)

The Argentina Computed Tomography market is projected to experience growth over the forecast period, driven by an increasing geriatric population and ongoing research studies utilizing CT scans. Despite the adverse impact of the COVID-19 pandemic on diagnostic imaging, the market is expected to expand as healthcare procedures resume. Research initiatives in neurology and other fields are anticipated to further stimulate market development. However, challenges such as high equipment costs, stringent regulatory requirements, and inadequate reimbursement policies may impede market growth.

Market Size of Argentina Computed Tomography Industry

Market Snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 140.33 Million
Market Size (2029) USD 178.08 Million
CAGR (2024 - 2029) 4.88 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Argentina Computed Tomography Market Analysis

The Argentina Computed Tomography Market size is estimated at USD 140.33 million in 2024, and is expected to reach USD 178.08 million by 2029, growing at a CAGR of 4.88% during the forecast period (2024-2029).

The COVID pandemic had an adverse effect on the market. According to a research paper titled "COVID-19 Impact Among Spine Surgeons in Latin America," which was published in Global Spine Journal in May 2020, COVID-19 has an impact on the regular working practices and financial situation of spine surgeons in Latin America. This cross-sectional study's objective was to evaluate how the COVID-19 outbreak affected Latin American spine doctors. Argentina had the most respondents, followed by Brazil, Chile, and then Mexico. Additionally, a study named "The impact of the COVID-19 pandemic on cancer care in the public health subsector, province of Santa Fe, Argentina" published in Ecancer Medical Science in July 2021 came to the conclusion that all of the parameters under consideration showed reductions. The impact was particularly noticeable in screening, where there were reductions in the volume of procedures performed between 56% and 87%. There was a 26% decrease in diagnostic rates. Treatment was the variable in the study that had the least impact, dropping by 3%. Such a drop has directly affected the computed tomography market by having an effect on the diagnostic imaging industry. The aforementioned elements so demonstrate that COVID-19 had an adverse effect on the expansion of the computed tomography market in the nation. However, as the next procedures are treated, the market is anticipated to expand.

The computed tomography market in Argentina is majorly driven by the growing geriatric population, and research studies in the country. According to the United Nations Population Fund's World Population Dashboard, 2021's Data in Argentina large proportion of the population living is having aged between 15-64 years and accounts for 64.2% and 11.5% of the population of the country has 65 years and above age. Since, the elder population have increased risk of chronic diseases, the demand for CT scan devices are expected to increase in future in the country. It is anticipated that several research projects being carried out throughout the nation would foster creativity. For instance, in February 2021, patients admitted to Rosario, Argentina's Hospital Clemente Alvarez participated in a study titled "A Novel Automated Calculation of Basal Cistern Effacement Status on Computed Tomographic Imaging in Traumatic Brain Injury." According to the study, computed tomography (CT) imaging provides clear descriptions of the lesions caused by traumatic brain injury (TBI). The growth of the category is anticipated to be accelerated over the projected period by studies like these that use CT scans for neurology research. Similar to this, Instituto Oulton in Cordoba, Argentina, released a paper in May 2021 with the title "Use of Computed Tomography Scan to Rule Out Phantom Thrombus in the Left Atrial Appendage." Multidetector computed tomography (CT) scans have some benefits, according to the study, including the ability to obtain 3D reconstruction and examine additional structures in relation to the left atrial appendage. Additionally, using a delayed acquisition methodology and the prone position during a CT scan are safe ways to rule out a false thrombus. Such studies will probably accelerate market expansion. Thus, the abovementioned factors are expected to increase the market growth.

However, the lack of proper reimbursement and stringent regulatory approval procedures, and the high cost of equipment and CT scan procedures, are expected to hinder the market growth in Argentina.

Argentina Computed Tomography Industry Segmentation

As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images or scans of areas inside the body. It is also called computerized axial tomography (CAT) scanning, primarily used in cancer diagnosis. Argentina Computed Tomography Market is segmented by Type (Low Slice, Medium Slice, and High Slice), Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Other Applications), and End User (Hospitals, Diagnostic Centers, and Other End Users). The report offers the value (in USD million) for the above segments.

By Type
Low Slice
Medium Slice
High Slice
By Application
Oncology
Neurology
Cardiovascular
Musculoskeletal
Other Applications
By End User
Hospitals
Diagnostic Centers
Other End Users
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Argentina Computed Tomography Market Size Summary

The Argentina computed tomography market is poised for growth, driven by an increasing geriatric population and ongoing research initiatives. The demand for CT scan devices is expected to rise due to the higher risk of chronic diseases among the elderly. Research studies, such as those conducted at Hospital Clemente Alvarez and Instituto Oulton, are leveraging CT imaging for neurological and cardiovascular research, respectively, which is anticipated to further propel market expansion. Despite the adverse impact of the COVID-19 pandemic on diagnostic imaging, the market is expected to recover and grow as healthcare procedures normalize. However, challenges such as high equipment costs, stringent regulatory approvals, and inadequate reimbursement policies may impede market growth.

The market landscape is moderately competitive, with key players like Carestream Health, Canon Medical Systems Corporation, Koninklijke Philips NV, Siemens Healthineers AG, and Planmeca Group leading the charge. Strategic actions, including regional expansions and product portfolio enhancements, are being undertaken by these companies to strengthen their market presence. For instance, Canon Medical Systems Argentina SA was established to expand operations in the region, while United Imaging introduced its ultra-wide bore CT device, the uCT ATLAS, incorporating advanced AI technology. The increasing prevalence of cancer in Argentina is also a significant factor driving the demand for CT scanners, as they play a crucial role in cancer detection. Overall, these dynamics are expected to contribute to the market's growth trajectory over the forecast period.

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Argentina Computed Tomography Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Chronic Diseases

      2. 1.2.2 Rising Geriatric Population

      3. 1.2.3 Increasing Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Lack Of Proper Reimbursement And Stringent Regulatory Approval Procedures

      2. 1.3.2 High Cost of Equipment

    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 (Market Size by Value - USD million)

    1. 2.1 By Type

      1. 2.1.1 Low Slice

      2. 2.1.2 Medium Slice

      3. 2.1.3 High Slice

    2. 2.2 By Application

      1. 2.2.1 Oncology

      2. 2.2.2 Neurology

      3. 2.2.3 Cardiovascular

      4. 2.2.4 Musculoskeletal

      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 Other End Users

Argentina Computed Tomography Market Size FAQs

The Argentina Computed Tomography Market size is expected to reach USD 140.33 million in 2024 and grow at a CAGR of 4.88% to reach USD 178.08 million by 2029.

In 2024, the Argentina Computed Tomography Market size is expected to reach USD 140.33 million.

Argentina Computed Tomography Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)