According to data from the Argentine Chamber of Medical Tourism (CATM), in 2019, the country received a monthly average of 1,000 foreigners seeking surgeries or treatments. CATM estimates 600 a month in the first half of 2022, and predicts 1,000 a month by the end of 2022.
CATM suggests that medical tourism to Argentina can reach an annual average turnover of US$250 million a year. It also says 40% seeking treatment in the country are from Latin American regions such as Uruguay, Bolivia, Peru, Paraguay and Chile. The rest are from the USA, Canada and Europe.
The chamber believes that the professional quality of healthcare, standards of technology and infrastructure, the blue dollar exchange rate (the price of the American dollar in the unofficial market in Argentina), and the low medical costs for foreigners are some of the reasons behind the growth in inbound medical travel. Savings for medical tourists can range from 40-80%.
According to the Cardiovascular Institute of Buenos Aires, foreign patients choose to undergo a cardiovascular procedure in Argentina because of the exchange rate and because there is scientific data published that show the same results are achieved as in large centres in the United States.