Research and Markets (http://www.researchandmarkets.com/research/hl5hcm/the_medical) has announced the addition of the "The Medical Device Market: Argentina" report to their offering.
With a population of around 41 million, Argentina is the fourth most populated country in Latin America, behind Brazil, Mexico and Colombia. About 37.9% of the population lives in the province of Buenos Aires, including the capital city. Argentina has one of the highest percentages in the region aged 65 and over (4.5 million in 2011), a significant customer base.
Argentina has recovered well after an economic crisis in 2002, which affected the healthcare sector and medical device market. Imports reached US$435.3 million in 2009, after having fallen from US$362.4 million in 1999 to US$89.9 million in 2002.
In April 2010, the government announced a US$18.3 billion debt swap, having defaulted on its US$100 billion debt in 2001. By June 2010, 92.4% of the 2001 debt was sold on. In November 2011 Argentina received approval from Western governments to negotiate repayment of the remaining US$7 billion without the IMF reviewing its accounts. Investors may still be wary, however.
The country's GDP is US$439.0 billion in 2011. Economic growth is expected to be relatively strong in 2011 (8.5%) and then moderate, between 3-4% up to 2016.
Inflation is a problem in Argentina. Government estimates are for 9.2% in 2012 but private investors estimate the rate much higher, at 25%. High public spending and the government use of central bank reserves to pay off debts are contributory factors. High inflation makes medical imports more expensive.
Key Topics Covered:
Medical Market Analysis
Accessing the Market
Trade Code Classifications
Methodology & Sources
For more information visit http://www.researchandmarkets.com/research/hl5hcm/the_medical