Market Trends of Argentina Ultrasound Devices Industry
3D and 4D Ultrasound Imaging is Expected to Witness Strong Growth Over the Forecast Period
3D imaging allows visualization of fetal structures and internal anatomy as static 3-D images. In comparison, 4D ultrasounds allow for a live-streaming video of the images, displaying the fetal heart wall or valves' motion and the current blood flow through various vessels.
There are several benefits to using 3D ultrasound imaging. Virtual planes, for example, aid in visualizing fetal heart structures by allowing views that would not otherwise be possible with 2D imaging. 3D ultrasounds can also diagnose fetal face defects such as cleft lip and fetal skeletal and neural tube defects. Combined, 3D ultrasounds may aid in detecting structural congenital anomalies in the fetus during the 18-20-week scan.
3D and 4D ultrasound have significantly progressed in diagnosing, staging, and detecting prostate cancer. Prostate physiology, tumor extension, and evaluation of surrounding structures are all improved with 3D ultrasound. Cancer is the most common cancer in men in Argentina, with 44 cases per 100,000 men diagnosed in 2021, making it the most common tumor, excluding nonmelanoma skin cancers. Thus, the increasing prevalence of prostate cancer and its application in diagnosing prostate cancer drive the segment growth likely to boost the ultrasound market.
Thus, considering the factors above, such as the rising burden of chronic and the benefits of 3D and 4D ultrasound, the segment is expected to grow in the forecast period.
Musculoskeletal Segment is Expected to Witness Strong Growth Over the Forecast Period
Argentina is expected to hold a significant market share owing to factors such as the rising incidence of orthopedic diseases, the growing geriatric population, and recent developments in the country. Age expectancy has increased dramatically over the last 50 years, as age-related health issues such as hip fractures, orthopedic injuries, and osteoarthritis are also increasing. The country's high incidence of such diseases likely supports the market expansion. For instance, according to a study published in Springer Nature in September 2022, in Argentina, women had a fracture rate of 252 per 100,000 inhabitants per year, while males had a fracture rate ranging from 78 to 181 per 100,000 inhabitants. Thus, the huge prevalence of fractures in the country is expected to increase demand for ultrasound devices, boosting market growth.
The growing aging population in countries with more prevalent musculoskeletal diseases is expected to propel the market's growth. For instance, in 2022, United Nations Projections reported that 5.3 million people in Argentina were aged 65 or older in the year 2022, and this number is expected to increase to 6.8 million by 2040. The increasing geriatric population more prone to develop musculoskeletal diseases requires effective diagnosis and monitoring, which fuels the studied market growth over the forecast period.
Thus, all the factors above, such as the high incidence of musculoskeletal diseases and the rising aging population, are expected to boost market growth over the forecast period.
