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 forecast a high single-digit 2014-2019 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, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 718.1 40.4 409,856.0 23,060.8 570.8
2015 694.4 38.7 440,962.5 24,601.7 635.0
2016 783.9 43.4 482,110.7 26,675.5 615.0
2017 869.9 47.7 521,916.1 28,645.0 600.0
2018 965.6 52.6 555,220.9 30,233.1 575.0
2019 1,047.3 56.6 596,981.3 32,258.0 570.0

Latest Updates and Key Forecasts

  • We forecast market growth at a 2014-2019 CAGR of 7.8% in US dollar terms, which will increase the market value to USD1.0bn by 2019.

  • The market will continue to be dominated by imports, primarily from the USA, the European Union and China. In Q115, imports were up by 9.2% in US dollar terms to USD188.3mn.

  • Exports will remain low, resulting in a significant balance of trade deficit. In Q115, exports contracted by 17.6% in US dollar terms to USD4.8mn.

  • 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
SWOT
11
Medical Device Market
11
Political
13
Economic
15
Operational Risk
16
Industry Forecast
18
Medical Device Market Forecast
18
2014-2019 Performance
18
Table: Projected Medical Device Market, 2014-2019
18
2009-2014 Performance
19
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
20
Consumables Market Forecast
25
Bandages & Dressings
25
Suturing Materials
25
Syringes, Needles & Catheters
26
Other Consumables
26
Table: Consumables Market, 2009-2019 (USDmn)
27
Table: Consumables Market, 2010-2019 (USDmn % Change)
28
Diagnostic Imaging Market Forecast
30
Electrodiagnostic Apparatus
30
Radiation Apparatus
31
Imaging Parts & Accessories
31
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
32
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
33
Dental Products Market Forecast
35
Capital Equipment
35
Instruments & Supplies
35
Table: Dental Products Market, 2009-2019 (USDmn)
37
Table: Dental Products Market, 2010-2019 (USDmn % Change)
37
Orthopaedics & Prosthetics Market Forecast
39
Fixation Devices
39
Artificial Joints
39
Other Artificial Body Parts
40
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
40
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
40
Patient Aids Market Forecast
42
Portable Aids
42
Therapeutic Appliances
42
Table: Patient Aids Market, 2009-2019 (USDmn)
43
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
43
Other Medical Devices Market Forecast
45
Table: Other Medical Devices Market, 2009-2019 (USDmn)
46
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
47
Annual Medical Device Imports
49
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
53
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
54
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
55
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
57
Table: Detailed Medical Device Imports By Product Area, 2009-2014 (USD000s)
58
Table: Detailed Medical Device Import Trends By Product Area, 2014
61
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
64
Monthly Medical Device Imports
68
Table: Monthly Medical Device Imports By Product Area, June 2012-March 2015 (USDmn)
68
Annual Medical Device Exports
70
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
74
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
76
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
78
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
79
Table: Detailed Medical Device Export Trends By Product Area, 2014
83
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
86
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
89
Monthly Medical Device Exports
93
Table: Monthly Medical Device Exports By Product Area, June 2012-March 2015 (USDmn)
93
Macroeconomic Forecasts
95
Economic Analysis
95
Industry Risk/Reward Index
101
Table: Americas Medical Device Risk/Reward Index, Q415
102
Market Overview
103
Medical Device Market Overview
103
Table: Medical Device Market, Key Ratios, 2014
104
Table: Medical Device Market By Product Area, 2014
104
Healthcare Overview
105
Health Status
105
Healthcare System
106
Table: 2000-2010 Five-Law Reform Bill
107
Healthcare Funding
109
Table: FONASA Beneficiaries By Region, 2012-2013
109
Table: FONASA Beneficiaries, 1990-2013
110
Table: Isapres Beneficiaries, 1990-September 2014
112
Table: Beneficiaries By Type Of Isapre, September 2014
114
Healthcare Resources
116
Table: Selected Diagnostic Imaging Technology, 2011-2014
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
126
Medical Device Regulations
126
Competent Authorities
126
Regulations
127
Classification Of Medical Devices
128
Market Vigilance
129
Trade
129
Medical Device Pricing & Reimbursement
129
Pricing
129
Reimbursement
129
Health Technology Assessment
131
Procurement
132
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Production Of Medical & Surgical Equipment And Orthopaedic Devices, 2001-2012
134
National Medical Device Manufacturers
135
Multinational Medical Device Manufacturers
138
Multinational Market Activity
140
Table: Multinational Market Activity, 2015
140
Medical Device Market Access
142
Market Environment
142
Distribution
142
Trade Agreements
142
Trade Associations
143
Table: Members Of ACODENT, 2015
143
Trade Shows
145
Table: Expo Dent Exhibitors, 2014
145
Table: Expo Hospital Exhibitors, 2014
147
Methodology
150
Forecast Methodology
150
Trade Code Classifications
151
Table: Rearranged HS Trade Codes
152
Risk/Reward Index Methodology
155
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.