Chile Medical Devices Report

Published 28 May 2015

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$1,295.00
Chile Medical Devices Report

BMI Industry View: The Chile an medical device market is small but per capita expenditure ranks first in Latin America . We forecas t a low double-digit 2013-2018 CAGR in US dollar terms, fuelled by planned public hospital modernisation , ta king the market to USD 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 USD1.4bn by 2018. The market has increased again rapidly since 2010. The health reform plan in the public sector will boost demand.

  • The market is dominated by medical device imports, primarily from the USA and the European Union. In the 12 months to February 2015, import performance was flat overall, increasing by just 0.7% in US dollar terms to USD684.6mn. Increases were recorded in imports of other medical devices, orthopaedics & prosthetics and dental products. A double-digit decline was recorded in imports of diagnostic imaging, while decreases were also recorded for patient aids and consumables. Previously, 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, therefore the balance of trade has a very high deficit. In the 12 months to February 2015, exports were down by 10.0% in US dollar terms, to USD20.6mn. This was due to significant declines in exports of consumables (-55.7%), other medical devices (-28.7%) and orthopaedics & prosthetics (-22.2%). Previously, exports registered contractions in 2010 and 2013 but recorded a 2008-2013 CAGR of 7.2% in US dollar terms,...

BMI Industry View
9
SWOT
12
Medical Device Market
12
Political
14
Economic
16
Operational Risk
17
Industry Forecast
19
Medical Device Market Forecast
19
2008-2013 Performance
19
2013-2018 Performance
20
Table: Projected Medical Device Market, 2013-2018
21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
22
Consumables Market Forecast
25
Bandages & Dressings
26
Suturing Materials
26
Syringes, Needles & Catheters
26
Other Consumables
26
Table: Consumables Market, 2008-2018 (USDmn)
27
Table: Consumables Market, 2009-2018 (USDmn % Change)
28
Diagnostic Imaging Market Forecast
29
Electrodiagnostic Apparatus
30
Radiation Apparatus
30
Imaging Parts & Accessories
31
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
31
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
33
Dental Products Market Forecast
34
Capital Equipment
35
Instruments & Supplies
35
Table: Dental Products Market, 2008-2018 (USDmn)
36
Table: Dental Products Market, 2009-2018 (USDmn % Change)
36
Orthopaedics & Prosthetics Market Forecast
37
Fixation Devices
38
Artificial Joints
38
Other Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
39
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
39
Patient Aids Market Forecast
41
Portable Aids
41
Therapeutic Appliances
41
Chile Medical Devices Report Q3 2015
Chile Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
Table: Patient Aids Market, 2008-2018 (USDmn)
42
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
42
Other Medical Devices Market Forecast
44
Table: Other Medical Devices Market, 2008-2018 (USDmn)
44
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
45
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
51
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
53
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2008-2013 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2013
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
62
Monthly Medical Device Imports
66
Table: Monthly Medical Device Imports By Product Area, December 2011-February 2015 (USDmn)
66
Annual Medical Device Exports
68
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
73
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
74
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
75
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
77
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
78
Table: Detailed Medical Device Export Trends By Product Area, 2013
81
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
84
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
87
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Area, December 2011-February 2015 (USDmn)
91
Macroeconomic Forecasts
94
Economic Analysis
94
Table: Economic Activity (Chile 2010-2019)
99
Industry Risk/Reward Index
100
Table: Americas Medical Device Risk/Reward Index, Q315
101
Market Overview
102
Medical Device Market Overview
102
Table: Medical Device Market, Key Ratios, 2013
103
Table: Medical Device Market By Product Area, 2013
103
Healthcare Overview
104
Health Status
104
Healthcare System
105
Table: 2000-2010 Five-Law Reform Bill
106
Healthcare Funding
108
Table: FONASA Beneficiaries By Region, 2012-2013
108
Table: FONASA Beneficiaries, 1990-2013
109
Table: Isapres Beneficiaries, 1990-September 2014
111
Table: Beneficiaries By Type Of Isapre, September 2014
113
Chile Medical Devices Report Q3 2015
Chile Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 5
- Business Monitor International Ltd Page 5
Healthcare Resources
116
Table: Selected Diagnostic Imaging Technology, 2011-2013
117
Healthcare Activity
118
Healthcare Personnel
119
Key Healthcare Data
120
Table: Key Healthcare Data, 2009-2014
120
Industry Trends And Developments
122
Industry Trends & Developments
122
Regulatory Development
127
Medical Device Regulations
127
Competent Authorities
127
Regulations
128
Classification Of Medical Devices
129
Market Vigilance
130
Trade
130
Medical Device Pricing & Reimbursement
130
Pricing
130
Reimbursement
130
Health Technology Assessment
131
Procurement
131
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Production Of Medical & Surgical Equipment And Orthopaedic Devices, 2001-2010
134
National Medical Device Manufacturers
134
Multinational Medical Device Manufacturers
137
Multinational Market Activity
139
Table: Multinational Market Activity, 2015
139
Medical Device Market Access
141
Market Environment
141
Distribution
141
Trade Agreements
141
Trade Associations
142
Table: Members Of ACODENT, 2015
142
Trade Shows
144
Table: Expo Dent Exhibitors, 2014
144
Table: Expo Hospital Exhibitors, 2014
146
Methodology
149
Forecast Methodology
149
Trade Code Classifications
150
Table: Used HS Trade Codes
150
Table: Rearranged HS Trade Codes
152
Risk/Reward Index Methodology
155
Chile Medical Devices Report Q3 2015
Chile Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 6
- Business Monitor International Ltd Page 6
Table: Medical Devices Risk/Reward Index Indicators
156
Sources
158
Contact
159

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.

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