Business Monitor International


Chile Medical Devices Report

Published 16 June 2014

  • 168 pages
 
$1,295.00
Chile Medical Devices Report

Espicom Industry View: The Chile an medical device market is small but per capita expenditure , valued at US$49 in 2013 , ranks first in Latin America. Espicom forecas ts a low double-digit 2013-2018 CAGR in US dollar terms, fuelled by planned public hospital modernisation , ta king the market to US$1.4 bn. Medical device imports are extremely h igh, as production is limited. Chile has generally avoided regional full membership in trading blocs such as MERCOSUR or CAN, preferring bilateral agreements such as its FTA with the USA, which has shaped medical device market trends.

Headline Industry Forecasts

  • The Chilean medical device market is small, but per capita spending ranks first in Latin America. The market is projected to rise by a 2013-2018 CAGR of 10.9% in US dollar terms, reaching US$1.4bn by 2018. The market has increased again rapidly since 2010 and was valued at US$0.9bn in 2013. The health reform plan in the public sector is expected to boost demand.

  • The market is dominated by medical device imports, primarily from the USA and the European Union. In US dollar terms, imports rose by 31.5% in 2013, reaching a high US$0.8bn, preceded by a single-digit rise in 2012, high double-digit rises in 2011 and 2010 and a contraction in 2009. Overall, imports recorded a 2008-2013 CAGR of 15.9%, ranging from 6.6% for diagnostic imaging to 23.5% for other medical devices.

  • Medical device exports are small in value. In US dollar terms, exports registered contractions in 2004, 2010 and 2013. They fell by 11.8% in 2013, to US$21.4mn, and recorded a 2008-2013 CAGR of 7.2%, ranging from -7.7% for orthopaedics & prosthetics to 23.0% for other medical devices.

  • Chile produces very little medical equipment. The balance of trade has a very high deficit, valued at US$0.8n in 2013.

Headline Risk/Reward Ratings

  • Chile continues to be the fifth most attractive market in the Americas region in which to commercialise a medical device in Q314, according...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
13
Business Environment
14
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
23
Table: Consumables Market, 2009-2018 (US$mn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
28
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
29
Dental Products Market Forecast
30
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (US$mn)
32
Table: Dental Products Market, 2009-2018 (US$mn % Change)
32
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (US$mn)
38
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (US$mn)
40
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
51
Table: Detailed Medical Device Imports By Product Area, 2008-2013 (US$000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2013
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
60
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, January 2011-March 2014 (US$mn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
71
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
73
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2013
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
80
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
83
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, January 2011-March 2014 (US$mn)
87
Macroeconomic Forecasts
89
Economic Analysis
89
Table: Chile - Economic Activity
97
Industry Risk Reward Ratings
98
Table: Americas Medical Device Risk/Reward Ratings, Q314
99
Market Overview
100
Medical Device Market Overview
100
Table: Medical Device Market, Key Ratios, 2013
101
Table: Medical Device Market By Product Area, 2013
101
Healthcare Overview
102
Health Status
102
Healthcare System
102
Table: 2000-2010 Five-Law Reform Bill
104
Healthcare Funding
105
Table: FONASA's Beneficiaries By Zones And Gender, 2012
105
Table: Isapres' Beneficiaries, 1990-August 2013
107
Table: Beneficiaries By Isapre Type, August 2013
108
Healthcare Resources
110
Table: Selected Diagnostic Imaging Technology, 2011-2012
112
Healthcare Activity
113
Healthcare Personnel
113
Key Healthcare Data
114
Table: Key Healthcare Data, 2008-2013
114
Industry Trends And Developments
116
Industry Trends & Developments
116
Regulatory Development
119
Medical Device Regulations
119
Competent Authorities
119
Regulations
120
Classification of Medical Devices
121
Evaluation Of Health Technologies
121
Technovigilance
122
Trade
122
Medical Device Pricing & Reimbursement
122
Competitive Landscape
124
Domestic Medical Device Production
124
Table: Production Of Medical & Surgical Equipment And Orthopaedic Devices, 2001-2010
124
National Medical Device Manufacturers
124
Multinational Medical Device Manufacturers
127
Multinational Market Activity
128
Table: Multinational Market Activity, 2014
128
Medical Device Market Access
129
Market Environment
129
Distribution
129
Trade Agreements
130
Trade Associations
130
Table: Members of ACODENT, 2014
130
Trade Shows
132
Table: Exhibitors Attending Expo Dent, 2014
132
Methodology
135
Medical Device Market Methodology
135
Trade Code Classifications
136
Table: Used HS Trade Codes, 2014
136
Table: Rearranged HS Trade Codes, 2014
138
Risk/Reward Ratings Methodology
141
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
142
Sources
143
Contact
144

The Chile Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Chile provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Chile Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Chile, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Chile.
  • Target Business Opportunities in the Chile Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Chile.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View
Provides industry, political and economic views. Briefly analyses the Medical Devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT
SWOT analyses of the Medical Devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts
Evaluates and analyses the Medical Devices market in terms of historical and forecast trends, covering six product areas and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) tool, which provides a globally comparative and numerically based assessment of the Medical Devices market’s attractiveness.

Market Overview
Assesses the Medical Devices market in the current year. Additionally, covers healthcare intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory Developments
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

Competitive Landscape
Values historical Medical Devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

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