Market Trends of Argentina Digital X-Ray Industry
This section covers the major market trends shaping the Argentina Digital X-Ray Market according to our research experts:
Hospital Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Factors such as increasing cancer prevalence and initiatives by key market players are expected to increase market growth. The International Agency for Research on Cancer's Globocan 2020 report estimates that 22,024 instances of breast cancer will be diagnosed in Argentina in 2020. The same survey estimates that 11,686 instances of prostate cancer will be diagnosed in 2020. 3,964 deaths from prostate cancer patients were estimated. The increasing prevalence of various cancer conditions in Argentina is anticipated to increase the demand for digital x-rays used in diagnostics.
The increase in strategic collaborations among the major players in the market is also expected to drive sector growth. For instance, in November 2020, at Imágenes Jaraba Medical Center, Agfa Radiology Solutions Argentina installed its whole leg/full spine ceiling-mounted DR 600 X-ray room system. The completely autonomous DR 600 improves productivity for both patients and professionals by streamlining operations. The adoption of 34 Picture Archiving and Communication Systems (PACS) from Konica with 56 digital systems will allow the healthcare system to switch from film to more sophisticated digital technologies for picture acquisition. The Comprehensive Investment Plan for the Modernization of Provincial Hospitals is a government-funded initiative to raise the standard of healthcare in Argentina. The PACS digitization and services framework is one of its parts. Therefore, the demand for digital X-ray devices is further anticipated to boost the market growth in this area as a result of the changes described above.
