Argentina Digital Health Market Report 2022 to 2030

Argentina Digital Health Market Analysis

$ 3999

The Argentina Digital Health market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR xx% during the forecast period of 2022 - 2030. The market will be driven by government support, increased investment, and rising healthcare costs. The market is segmented by solution, by deployment & by end-use. Some of the major players include Philips, Siemens Healthineers & Pura Mente.

ID: IN10ARDH005 CATEGORY: Digital Health GEOGRAPHY: Argentina AUTHOR: Vidhi Upadhyay

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Argentina Digital Health Market Executive Summary

The Argentina Digital Health market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR xx% during the forecast period of 2022 - 2030. The healthcare expenditure of Argentina declined from $1,128 per person (9.67%of GDP) in 2018 to $946 per person (9.51% of GDP) in 2019 as per the World Health Organization Global Health Expenditure database. The government covers a substantial amount of healthcare costs through the National Institute of Social Services for Retirees and Pensioners (INSSJP), with the remainder funded for by individuals and private insurance companies.

In Argentina, digital health is becoming more popular as a means of improving access to the healthcare services that are provided. The government is promoting the adoption of digital health technologies such as telehealth, electronic health records, and mobile health. Some private healthcare providers and insurance firms are engaging in this technology as well.

The Ministry of Health released the National Digital Health Strategy 2018-2024 as a state policy document to set conceptual principles for the design and development of interconnected health information systems. The MoH also created and deployed a National Telehealth Platform to perform eReferrals and eConsultations countrywide. It enabled every physician to engage with other health care providers (specialists) in a protected manner utilizing a personal computer or a mobile device, even if they do not have an EHR in place.

Market Dynamics

Market Growth Drivers

Argentina's digital health business is expanding as a result of many main factors. The government has encouraged the adoption of digital health solutions through regulatory measures and funding, which has fuelled industry growth. Rising healthcare expenses and a growing desire for higher-quality care have fuelled demand for digital health solutions. Technological improvements have made these solutions more accessible and inexpensive, opening up new market potential. Furthermore, there is increased awareness and adoption of digital health technologies among healthcare professionals, consumers, and payers, which has fuelled market expansion. Finally, a lack of healthcare providers in some parts of the nation is encouraging the adoption of digital health technologies to increase access to treatment, opening up new market potential. These factors are shaping the digital health industry in Argentina and propelling its growth and development.

Market Restraints

Despite Argentina's digital health market's progress and expansion, there are various obstacles preventing its expansion and widespread acceptance. There is a lack of regulations and laws, as well as a lack of digital literacy and access to technology, as well as privacy and security issues. The absence of specific rules and regulations governing the use of digital health technologies has generated confusion for healthcare practitioners and patients, limiting their uptake.

Argentina will need to adapt by using systems thinking. The capability and ability of the government to communicate and act as one is the most critical facilitator in this respect. This involves integrating with larger external ecosystems and becoming network hubs for the system.

Competitive Landscape

Key Players

Philips: A worldwide health technology leader that provides digital health solutions for telemedicine, imaging, and patient monitoring
GE Healthcare: A leading provider of medical imaging, health monitoring, and digital health solutions throughout the world
Siemens Healthineers: Global medical technology firm that provides a variety of digital health solutions such as telemedicine, remote monitoring, and e-health services
IBM: IBM Watson Health a division of IBM that offers a variety of digital health solutions including EHR, population health management, precision medicine, medical imaging, and virtual health through AI and other advanced technologies
Pura Mente (ARG): Meditation and mindfulness practices may be carried out using a mobile application. The app's features include meditation sessions and mindfulness programs for mental wellbeing
Wúru (ARG): Cloud and AI-based business intelligence software for healthcare providers
Citaldoc (ARG): A website that allows patients to search for and book medical appointments based on their region, specialty, health insurance, or doctor's name

Healthcare Policies and Regulatory Landscape

The National Ministry of Health (MoH) is the main health authority in Argentina. The National Administration of Drugs, Foods, and Medical Devices (ANMAT) is Argentina's primary digital healthcare regulator. Its function is to oversee and track the progress, manufacture, and marketing of medical equipment, including digital health solutions. ANMAT is in charge of guaranteeing the security, effectiveness, and reliability of these solutions, as well as preserving the public's health. Setting standards for the usage of digital health technologies, conducting audits and inspections, and implementing rules and policies are all part of this. The Ministry of Health and the National Agency for the Promotion of Science and Technology are also some key organizations working to advance the development of digital health in Argentina.

In April 2019, the National Digital Health Network was created, utilizing an enterprise service bus technology architecture to connect several domains (EHR systems) across the country.

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 digital health solutions. This system covers digital healthcare solutions, and healthcare practitioners can be reimbursed for their usage. The amount of payment, however, might vary based on the individual remedy and the patient's insurance coverage. Some digital health solutions may not be covered by INSSJP, and patients may be required to pay for these services out of pocket.

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

Digital Health Market Segmentation

The Digital Health Market is segmented as mentioned below:

By Solution (Revenue, USD Billion):

Software
Services

By Deployment (Revenue, USD Billion):

Cloud-based
On-premises

By End-use (Revenue, USD Billion):

Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.