The volume of imports of artificial body parts, aids, and appliances to Argentina was 101.38 thousand kilograms in 2023. The observed imports from 2013 to 2023 displayed a generally upward trend. In recent years, the year-on-year growth showed a slight deceleration from 2.21% in 2022 to 2.12% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years stood at 1.99%. Projections indicate a moderate rise in imports up to 111.28 thousand kilograms by 2028, with a forecasted CAGR of 1.47% over the next five years, representing a forecasted growth rate of 7.58% over this period.
Future trends to watch for:
- The aging population and increased prevalence of chronic diseases.
- Technological advancements in artificial body parts and medical aids.
- Economic factors and healthcare policies affecting import regulations and costs.
- Potential disruptions in global supply chains and their impact on import volumes.