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Medical Technology

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Market Overview

The Argentine medical equipment and device market is dominated by imports, which 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 over 25 percent market share, particularly in high-technology products. While medical equipment imports decreased in 2013, imports from the U.S. grew slightly. During the first quarter of 2014, total imports amounted to $109 million, with imports from the US accounting for $25.5 million.

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, and specialized disposables.

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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.

Argentina remains a key market for U.S. exports to Latin America. However, recent controls imposed by the Argentine government have made exporting goods from any country to Argentina more difficult. It is important for would-be exporters to Argentina to confirm that their Argentine customer has received all the necessary permits, such as permission to import and permission to purchase foreign exchange to pay for the import prior to shipping goods to Argentina. For additional information on these measures, please refer to Process Obstacles to Exporting to Argentina at: http://www.buyusainfo.net/docs/x_4977890.pdf.

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Key Figures

(In US$ Millions)

2012

2013

2014
(Est.)

2015
(Est.)

Total Market Size

636.79

623.30

630.00

636.20

Total Local Production

287.00

278.00

283.00

285.80

Total Exports

61.90

59.90

62.00

62.60

Total Imports

41.20

405.20

409.00

413.00

Imports from the U.S.

101.40

102.10

104.70

105.70

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

2013 market share: United States: 25.2%; China: 15.8%; Germany: 13%; Japan: 8.6%; Mexico 4.3%

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Trade Events

In Argentina

Event:
Dates:
Place:
Description:

ExpoMedical
October 1-3, 2014
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:

FIME
August 6-8, 20134
Miami Beach, FL
International Medical Trade Fair and Congress in the United States.

   

Event:
Dates:
Place:
Description:

Medtrade
October 20-23, 2014
Atlanta, GA
Largest Home Medical Equipment (HME) expo in the United States.

   

Event:
Dates:
Place:
Description:

Greater New York Dental Meeting
November 28 – December 3, 20134
New York, NY 
The largest Dental Congress and Exposition 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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