New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Chile"
Boston, MA -- (SBWIRE) -- 04/02/2014 -- Espicom Industry View: The Chilean medical device market is small but per capital expenditure ranks second in Latin America. Espicom forecasts a high 2013-2018 CAGR of 12.4% in US dollar terms, fuelled by planned public hospital modernisation, taking the market to US$1.3bn. Medical device imports are extremely high, 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.
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Headline Industry Forecasts
The Chilean medical device market is small, but per capita spending is high at a regional level. The market is projected to rise by a 2013-2018 CAGR of 12.4%, reaching US$1,327.5mn by 2018. The market has increased rapidly since 2002 and is valued at US$739.3mn in 2013. The health reform plan in the public sector should boost demand.
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Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
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Gain a complete picture on health expenditure and infrastructure
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