Argentina Digital Health Market Analysis

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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem 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

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.

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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

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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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  • Segmentation and regional revenue forecasts
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Last updated on: 08 May 2024
Updated by: Bhanu Pratap Singh

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