Argentina Artificial Intelligence (AI) in Diagnostics Market Analysis

Argentina Artificial Intelligence (AI) in Diagnostics Market Analysis


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Argentina's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-2030. The market will be driven by the rising frequency of chronic illnesses and the growing requirement for more accurate and efficient diagnostic instruments. The market is segmented by component & by diagnosis. Some of the major players include IBM Watson Health, Siemens Healthineers & ÜMA.

ID: IN10ARDH002 CATEGORY: Digital Health GEOGRAPHY: Argentina AUTHOR: Vidhi Upadhyay

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Argentina Artificial Intelligence (AI) in Diagnostics Market Executive Summary

Argentina's Artificial Intelligence (AI) in the Diagnostics market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Argentina's healthcare system is divided into four components: public hospitals, Social Security/union-run health insurance, private medical insurance (prepagas), and PAMI. Argentina's healthcare is often regarded as the best in Latin America. In big cities such as Buenos Aires, Córdoba, and Mendoza, the grade of treatment is typically considered outstanding. According to the most recent WHO statistics published in 2020, the number of Coronary Heart Disease fatalities in Argentina reached 48,765, accounting for 17.64% of all deaths.

AI would enable doctors to evaluate huge volumes of data, such as medical imaging, test results, and patient history, to make more educated and accurate diagnoses. It might be used to detect cancer, prioritize critical medical imaging findings, highlight urgent anomalies, help radiologists target life-threatening patients, diagnose cardiac arrhythmias, predict stroke prognosis, and support in chronic disease management. An AI-based diagnostic tool for COVID-19 was created by a team of researchers from the University of Buenos Aires. The technology analyses chest X-rays to discover disease-related patterns.

Market Dynamics

Market Growth Drivers

The Argentine Association of Pathology and the National University of La Plata had started an initiative to create an AI-based system for breast cancer diagnosis. The method identifies malignant cells by analyzing scans of tissue samples. The increased demand for healthcare services as a result of a growing and aging population entails the development of more efficient and accurate diagnostic technologies. Furthermore, the growing accessibility to healthcare data, including electronic health records and other digital health technologies, is contributing to the growth of AI in diagnostics. Advances in AI technology, such as new algorithms and techniques, are also contributing to the growth of AI in diagnostics. Additionally, there is rising support in Argentina from both the government and the commercial sector, which may contribute financing and resources for the development and implementation of AI-based diagnostic tools. Overall, these factors are driving the growth of AI in diagnostics in Argentina and have the potential to improve healthcare outcomes in the country.

Market Restraints

The absence of consistent data and standards is one of the most significant challenges. This makes developing and validating AI models challenging. Another difficulty is the scarcity of resources for AI-based diagnostic tool research and development. This difficulty is exacerbated by the high cost of technology and a lack of investment in healthcare facilities in some sections of the country.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Siemens Healthineers
  • Philips Healthcare
  • GE Healthcare
  • Google Health
  • Lunit Inc.
  • Qure AI
  • ÜMA (ARG)
  • Entelai (ARG)

Notable Deals

  1. February 2023, GE HealthCare to Acquire Caption Health The acquisition adds AI-enabled image guiding to the ultrasound device portfolios of GE HealthCare's $3 billion Ultrasound division
  2. December 2020, AstraZeneca collaborates with Qure.ai to enhance early-stage lung cancer diagnosis and reduce death rates across South America, Asia, the Middle East, and Africa

Healthcare Policies and Regulatory Landscape

Argentina's major health authority is the National Ministry of Health (MoH). The National Agency of Medicines, Food, and Medical Technology ("ANMAT") was established as the national health authority in charge of registering and/or granting authorization to individuals and businesses that participate in the supply, generation, manufacturing, fractioning, import, and export, storage of goods, and commercialization of pharmaceutical products and medical devices, as well as managing the implementation of such activities.

Reimbursement Scenario

In Argentina, the national healthcare insurance system, known as the National Institute of Social Services for Retirees and Pensioners (INSSJP), is mostly responsible for the reimbursement of health solutions. The amount of payment, however, might vary based on the individual remedy and the patient's insurance coverage.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Artificial Intelligence (AI) in Diagnostics Market Segmentation

  • By Component Outlook Type (Revenue, USD Billion):
    • Software
    • Hardware
    • Services
  • By Diagnosis Outlook Type (Revenue, USD Billion):
    • Cardiology
    • Oncology
    • Pathology 
    • Radiology
    • Chest and Lung
    • Neurology
    • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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IBM Watson Health, Siemens Healthineers, Philips Healthcare, GE Healthcare, Google Health, Lunit Inc., Qure AI, ÜMA & Entelai are the major players of Artificial Intelligence (AI) in the diagnostics market in Argentina.

The rising frequency of chronic illnesses and the growing requirement for more accurate and efficient diagnostic instruments are the two major drivers of Artificial Intelligence (AI) in the diagnostics market in Argentina.

Artificial Intelligence (AI) in the diagnostics market in Argentina is segmented by component and by diagnosis.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 01 March 2023
Updated by: Dhruv Joshi

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