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Medical Technology

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Market Overview

Imports dominate the Argentine medical equipment and device market; they traditionally account for around 70 percent of the total market. The United States continues to be the leading supplier of imported medical products and currently holds almost 25 percent market share, particularly in high-technology products. Imports from the U.S. in 2014 grew 5.4 percent; they had previously decreased in 2013. Imports from the U.S. have been growing throughout 2013 and 2014. During the first quarter of 2015, total imports amounted to $108.2 million, with imports from the US accounting for $23.3 million. While total imports in 2015 are expected to keep similar levels as those of 2014, imports from the U.S. may continue to grow more than total imports in 2015 and beyond.

All imports of medical products must be performed by an importer registered with the ANMAT (the Argentine equivalent to the FDA) as a frequent importer of medical equipment.

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Sub- Sector Best Prospects

Opportunities for U.S. exports in this sector include middle- and high-end technology products that do not compete with locally manufactured ones, among which are electro-diagnostic equipment, ultrasound equipment, and other medical devices. There may also be potential in the market for implants, stents, cardiac valves, pacemakers, specialized catheters and cannulas, and other specialized disposables. Among these products, the largest exports of U.S. products in 2014 were in the following HS Codes categories in 2014: 9018.90.99.190, 9018.39.29.900, 9018.50.90.100L.

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Opportunities

Medical technology and products developed and produced in the United Sates are highly regarded in Argentina. Medical products that cannot be manufactured locally continue to present opportunities for U.S. exporters, particularly when offering high quality products at competitive prices. In any case, product potential and appropriate timing to enter the market should be determined on a case-by-case basis.

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Key Figures

(In US$ Millions)

2013

2014

2015
(Est.)

2016
(Est.)

Total Market Size

623.30

638.64

644.50

657.40

Total Local Production

278.00

251.00

248.50

253.50

Total Exports

59.90

52.30

48.00

49.00

Total Imports

405.20

439.94

444.00

452.90

Imports from the U.S.

102.10

107.73

109.00

111.20

Note: Statistics were based on following Mercosur HS Codes: 84.13.19.00.1; 8413.91.90.2; 84.73.3099.910x; 85.40.71.00.100B; 90.11.10; 90.11.90.90.100; 90.12.10.10.000; 90.12.90; 90.18.10; 90.18.20; 90.18.30; 90.18.40; 90.18.50; 90.18.90; 90.19.20; 90.22.10; 90.22.20; 9022.30; 90.22.90; 90.27.90.99.200

Total Market Size = (Total Local Production + Total Imports) – (Total Exports)

Data Sources:

  • Total Local Production: Unofficial estimates based on industry reports
  • Total Exports: Nosis/Exi-Net export/import database
  • Total Imports: Nosis/Exi-Net export/import database
  • Imports from U.S.: Nosis/Exi-Net export/import database

2014 market share: United States: 24.5%; China: 16.6%; Germany: 13.4%; Japan: 7.5%; Mexico 5.5%

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Trade Events

In Argentina

Event:
Dates:
Place:
Description:

ExpoMedical
September 23-25, 2015
Costa Salguero Convention Center, Buenos Aires
International Trade Show for Products, Equipment and Services for the Healthcare Sector (with parallel seminars).

In the United States

Event:
Dates:
Place:
Description:

Medtrade
October 26-29, 2015
Atlanta, GA
Largest Home Medical Equipment (HME) expo in the United States.

   

Event:
Dates:
Place:
Description:

Greater New York Dental Meeting
November 27 – December 2, 2015
New York, NY 
The largest Dental Congress and Exposition in the United States.

   

Event:
Dates:
Place:
Description:

FIME
August 2-4, 2016
Miami Beach, FL
International Medical Trade Fair and Congress in the United States.

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Useful Links

Argentine Web Sites

U.S. Web Sites

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Contact Information 

Please feel free to contact the U.S. Commercial Service Argentina Specialist mentioned below for additional information or assistance.

Liliana Paz
Healthcare and Medical Equipment Sector Specialist
U.S. Commercial Service Argentina
Embassy of the United States of America
Av. Colombia 4300
C1425GMN Buenos Aires, Argentina
Phone: (54-11) 5777-4519
Fax:    (54-11) 5777-4203
E-mail: Liliana.Paz@trade.gov

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