Hospitals - Argentina

Argentina

The Hospitals market in Argentina is expected to generate a revenue of US$24.28bn in 2024.
It is projected to achieve an annual growth rate (CAGR 2024-2029) of 2.10%, leading to a market volume of US$26.94bn by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the Hospitals market, reaching US$1,501.00bn in 2024.
In terms of per person revenues, in Argentina is projected to generate US$527.30 in 2024.
The hospital market in Argentina is experiencing a growing demand for specialized medical services due to the country's aging population.

Key regions: United States, China, Germany, Japan, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

The healthcare industry in Argentina has been growing steadily over the years, and the hospitals market is no exception.

Customer preferences: Argentinians place a high value on healthcare and are willing to pay for quality services. Private healthcare is particularly popular, with many individuals opting for private hospitals over public ones. This is due to the perceived higher quality of care and shorter wait times.

Trends in the market: One of the main trends in the hospitals market in Argentina is the increasing demand for specialized services. As the population ages, there is a growing need for specialized care for chronic conditions such as diabetes and cardiovascular disease. In addition, there is a rising demand for cosmetic surgery and other elective procedures.Another trend is the adoption of technology in healthcare. Hospitals are investing in new technologies such as electronic medical records, telemedicine, and robotic surgery. This is improving the quality of care and making healthcare more accessible to patients in remote areas.

Local special circumstances: Argentina has a two-tier healthcare system, with a public system that provides free healthcare to all citizens and a private system that is more expensive but offers better quality care. The private sector is dominated by a few large players, which limits competition and can result in higher prices for consumers.

Underlying macroeconomic factors: Argentina has experienced economic instability in recent years, with high inflation and currency fluctuations. This has had an impact on the healthcare industry, with hospitals struggling to keep up with rising costs. In addition, the government has reduced spending on healthcare, which has put pressure on the public system. However, the private sector has continued to grow, driven by rising demand for quality healthcare services.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.