Argentina General Surgical Devices Market Size (2024 - 2029)

Argentina General Surgical Devices Market Analysis

The Argentina's general surgical devices market is expected to register a CAGR of 5.2% over the forecast period.

The pandemic has had ramifications on the methods of performing various surgical procedures. There were strict guidelines specific to each specialty that were to be implemented and followed by all surgeons to be able to provide safe and effective care to their patients during the COVID-19 pandemic. The volume of surgeries had significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. As per the study published in October 2021 titled "Concerns and reflections on the second wave of COVID-19 in Argentina: A perspective by general surgery residents", in Argentina, the occupancy of beds in intensive care by patients with COVID-19 was higher, so some institutions opted to operate only low-risk patients and surgeries of medium and low complexity, with the aim that hospital discharge was the same day of the procedure. Thus, the ideal time for elective surgeries remained controversial and depended on each case and the hospital center. Thus, owing to such circumstances, the market for general surgical devices was greatly hampered amid the outbreak, however, the resumption of elective procedures and growing complications associated with COVID-19 patients in the latter phase of the pandemic augmented the growth of the market, in turn boosting it to attain its pre-pandemic levels.

The key factors propelling the growth of the market include the rising use of minimally invasive devices; a surge in chronic diseases; and increasing healthcare expenditure. For instance, as per the study published in April 2021, titled "Impact, incidence and prevalence of musculoskeletal injuries in senior amateur male rugby: an epidemiological study", in the National Library of Medicine, 250 players, and 180 injuries were assessed in the study in Argentina. The study concluded that the injury prevalence was 52.4%. The incidence rate per match and training was 30.9/1000 player-match-hours and 0.77/1000 player-training-hours, respectively. Such an increased prevalence of musculoskeletal injuries may further lead to surgical procedures, ultimately boosting the demand for surgical devices.

Moreover, several factors may potentially explain the rapid rise of services obtained by the elderly as hospital inpatients; changes in demographic composition; an increased physician-to-population ratio; technological changes; increased post-discharge complications as a consequence of decreased length-of-stay; and changes in insurance coverage.

Likewise, as per the World Data Atlas 2021, the population aged 65 years and above for Argentina was 11.5%. The population aged 65 years and above in Argentina increased from 7.2% in 1972 to 11.5% in 2021, growing at an average annual rate of 0.95% in 2021. This increase in the geriatric population is likely to propel the demand for general surgery devices as this age group is more prone to chronic and lifestyle diseases.

Thus, the aforementioned factors are altogether contributing to the growth of the market. However, stringent government regulations and improper reimbursement for surgical devices are expected to hinder the growth of the market over the forecast period.

Argentina General Surgical Devices Industry Segmentation

As per the scope of the report, surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. Argentina's general surgical devices market is segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products), Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, and Other Applications). The report offers the value (in USD million) for the above segments.