Chile Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Chile Medical Devices Report
Product Price
$1,295.00

BMI View: The medical device market is small but per capita expenditure ranks highest in Latin America. We f orecast a high single- digit 2015-2020 CAGR in US dollar terms, fuelled by public hospital modernisation. The market will remain reliant on imports 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 will continue to shape market trends.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 761.9 42.5 496,731.7 27,675.9 651.9
2016 785.6 43.3 530,285.9 29,246.1 675.0
2017 852.4 46.5 562,555.9 30,718.1 660.0
2018 945.8 51.1 600,592.1 32,477.2 635.0
2019 1,065.8 57.1 650,133.7 34,823.9 610.0
2020 1,174.5 62.3 704,711.3 37,400.3 600.0

Latest Updates and Key Forecasts

  • We maintain that the market will grow at a 2015-2020 CAGR of 7.2% in US dollar terms, which will increase the market value to USD1.2bn by 2020.

  • The market will continue to be dominated by imports, primarily from the USA, the European Union and China. Imports rose by 4.3% y-o-y in US dollar terms in the three months to May 2016, and by 7.3% y-o-y in the 12-month period ending May 2016.

  • While an upward trend is evident, exports will remain low, resulting in a significant balance of trade deficit. In the three months to May 2016, exports were up by 11.6% y-o-y in US dollar terms, and by 11.5% y-o-y in the 12 months to May 2016, bringing the total to USD22.1mn.

  • Chile is one of 12 countries that signed the Trans-Pacific Partnership (TPP) in October 2015 and the only country to have existing free trade agreements in place with every member of the TPP. Nonetheless, we believe the TPP will provide Chile with greater access to the markets of the other signatory countries than was previously possible.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
19
Latest Updates
19
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2010-2020 (USDmn)
20
Table: Consumables Market, 2011-2020 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
25
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2010-2020 (USDmn)
29
Table: Dental Products Market, 2011-2020 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
33
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2010-2020 (USDmn)
36
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2010-2020 (USDmn)
40
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
46
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2015 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2015
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, Year Ending May 2016 (USDmn)
62
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
66
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
67
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2015
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
76
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, Ending May 2016 (USDmn)
83
Industry Risk/Reward Index
84
Table: Americas Medical Device Risk/Reward Index, Q416
85
Market Overview
86
Medical Device Market Overview
86
Table: Medical Device Market, Key Ratios, 2015
86
Table: Medical Device Market By Product Area, 2015
87
Healthcare Overview
88
Health Status
88
Healthcare System
89
Healthcare Funding
90
Healthcare Resources
91
Table: Selected Diagnostic Imaging Technology, 2011-2014
93
Healthcare Activity
94
Healthcare Personnel
94
Key Healthcare Data
95
Table: Key Healthcare Data, 2010-2015
95
Industry Trends And Developments
98
Industry Trends & Developments
98
Regulatory Development
102
Medical Device Regulations
102
Competent Authorities
102
Regulations
103
Classification Of Medical Devices
104
Market Vigilance
105
Trade
105
Medical Device Pricing & Reimbursement
105
Pricing
105
Reimbursement
105
Health Technology Assessment
107
Procurement
108
Competitive Landscape
110
Domestic Medical Device Production
110
Table: Production Of Medical & Surgical Equipment And Orthopaedic Devices, 2001-2012
110
National Medical Device Manufacturers
111
ALMED
111
Amaro
111
Bio-Person
111
Cila
111
DICTUC
112
Ecodata
112
Esterical
112
Madegom
113
Meditec
113
M-nchen Medical
113
Nemo Chile
114
Oppici
114
Sylex Chile
114
Multinational Medical Device Manufacturers
114
3M
114
B
115
Baxter
116
Multinational Market Activity
117
Becton Dickinson
117
Boston Scientific
117
Fresenius Medical Care
117
GE Healthcare
118
Johnson & Johnson
118
Medtronic
118
Philips
119
Siemens
119
Stryker
119
Medical Device Market Access
121
Market Environment
121
Distribution
121
Trade Agreements
121
Trade Associations
122
Trade Shows
122
Methodology
123
Forecast Methodology
123
Trade Code Classifications
124
Table: Rearranged HS Trade Codes
125
Risk/Reward Index Methodology
128
Table: Medical Devices Risk/Reward Index Indicators
129
Sources
131
Contact
132

The Chile Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's 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: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices 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 trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

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

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

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.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.