LatAm Hospital Monitoring Service – Global Health Intelligence – Healthcare Market Insights for Emerging Markets

The Recent Growth of Robotic Surgery in Latin America

GHI Analysis — Wed, 27 Oct 2021 15:01:48 +0000

July 2021 may have been one of the most eventful months for robotic surgery in Latin America:

In Chile, the Hospital Clínico de la Red de Salud UC CHRISTUS announced its acquisition of the Medtronic HUGO^TM RAS system
In Puerto Rico, the Hospital del Centro Comprensivo de Cáncer de la Universidad de Puerto Rico announced its acquisition of a DaVinci XI system
In Panama, the first gynecological procedures ever performed with a Medtronic HUGO^TM RAS (robotic-assisted surgery) system were done at Pacífica Salud Hospital

But July wasn’t the only month with developments in LatAm’s robotic surgery adoption and deployment:

In February 2021, the Hospital San José in Hermosillo, Mexico announced its acquisition of a Da Vinci robotic system
In June 2021, Clínica Santa María realized the first patient procedure ever conducted with the HUGO^TM RAS system, a prostatectomy
In August 2021, the Sanatorio de la Trinidad Palermo announced the acquisition of the ROSA robotic surgery system

In fact, it’s hard to keep up with the constant developments, as more and more hospitals announce the purchase of such high-tech and state-of-the-art systems. Global Health Intelligence’s research team has tracked more than 30 acquisitions of robotic surgery systems in Latin America during 2020-2021*. “The LatAm med tech market is evolving rapidly,” explains Matt Collins, Director of Marketing for Hugo^TMin LATAM. “One reason for that change is the fact that purchasing large capital equipment is becoming easier. Take the example of Medtronic’s Hugo^TM RAS system. Now, for the first time ever, hospitals can work with a single manufacturer to purchase open, lap, and robotic surgical solutions. This kind of choice is powerful, and certainly makes the life of hospital managers easier. I’m just happy to be part of the journey to make these possibilities a reality for hospitals in LATAM,” he says.

The Latin American Robotic Surgery Market by the Numbers

Over 50% of the total amount of robotic surgery systems in the Latin American market have been acquired over the past 5 years, and almost 30% of that total was reached over the past year and a half.

According to Global Health Intelligence (GHI) analysis, the most present robotic surgery devices on the market are the DaVinci models, which represent 85% of the Latin American installed base; the DaVinci Si is the best-selling model. In terms of market share in LatAm, the Da Vinci brand is followed by Cyberknife, which accounts for 9% of the installed base, and Rosa, which accounts for 5%.

Medtronic, one of the world’s largest medical device and technology firms, recently launched its HUGO^TM system, which was conceived to offer institutions a highly intuitive system at a lower total cost of ownership than the current systems in place, along with training system support to help hospitals maximize their ROI.

“The real value that large med tech companies bring to the robotic landscape isn’t just with the hardware: it’s the total solution they can deliver based on their existing footprint and manufacturing capabilities. It’s much easier for companies like Medtronic to deliver training, local support, and reliable tech services — not to mention, cost-effective instruments,” says Collins.

Further analysis by GHI’s research team indicates that more than 80% of the robotic surgery systems in Latin America belong to the private healthcare system, while the rest are in public hospitals. While public institutions have recently ramped up the acquisition of such systems, this is a stark contrast to how care is typically delivered across the region, where nearly two-thirds of the population attends public healthcare institutions.

One well-known robotic surgery acquisition was made by Argentina’s National Atomic Energy Commission, which is building the first proton therapy center in Latin America. To this end, the Commission has already acquired the CyberKnife linear accelerator for radiosurgery, which is used for both adults and children, thus extending the impact of robotic surgery to pediatric medicine.

New Systems and More Specialties

Da Vinci is one of the most widely used and best-known platforms in the market, and is implemented in various procedures, such as prostate cancer surgery, renal and bladder surgery, in addition to its use in general surgery in cases such as cholecystectomy, colon and rectal cancer, gastroesophageal reflux surgery and gynecological surgery. With the precision with which surgeons can operate using robotic surgery platforms, their use was extended to new specialties, such as breast cancer surgery and coronary bypass surgery, among others. In Mexico, the Ángeles hospital chain has a robotic surgery center and 6 of its hospitals perform a wide variety of procedures.

The incorporation of new robotic platforms for surgery has made it possible to cover more procedures, such as arthroscopy assisted by the Rosa Knee robot, which in addition to providing greater precision and range of motion to professionals, facilitates faster and better patient recovery.

“With the ROSA Robot, we not only have precision in the placement of implants, but it also allows us to ensure that the soft parts and the balance of the ligaments are perfect, which in the long term improves the patient’s well-being. Through the Rosa Robot, patients have less residual pain after having a perfect soft-tissue balance, which allows them to return to daily life activities more quickly and in the best conditions,” says Dr. Carlos Sandoval, head of the knee team at the MEDS Clinic in Chile, which is one of the countries in the region with the most acquisitions.

New Technology, Greater Advantages

Despite the significant investment required to procure surgical robots, studies suggest that minimally invasive surgery via robotics offers several advantages, including:

Greater visibility and precision, which should result in smaller incisions and smaller scars
Easy access to complex or delicate anatomical areas
Reduced risk of infection
Less bleeding and pain for the patient
Faster recovery and shorter hospital or clinic stay

The Impact of the Pandemic

It’s still too early to tell if the budgetary challenges sparked by the pandemic will result in fewer surgical robot systems being acquired by Latin American hospitals in the future. At this point, the market is still seeing the results of acquisition plans made before the pandemic. As 2022 and 2023 progress, we will have a better sense of the rate at which robotic surgery will grow in the region, along with the primary factors that drive acquisitions by hospitals.

As of October 2021, GHI analysis indicates that more than 130 medical institutions in Latin America (both private and public) have robotic surgery systems and that there are more than 150 robotic surgery devices/systems in use throughout the region.

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Contact us to arrange for a personalized study of robotic surgery in Latin America. Our team can help your company understand not only the current market but also future growth potential and the unique characteristics of hospitals that tend to acquire robotic surgery systems to help you define your sales targets with greater precision.

You may also find our other resources helpful as well, ranging from our LatAm Hospital Monitoring Service and HospiScope database to our SurgiScope database and ShareScope service, among others.

* This does not mean these systems were purchased in 2021 or 2020. GHI data tracks when hospitals announce a purchase, divulge an acquisition to our research team or announce the use of such equipment for the first time. Hospitals typically plan the acquisition of high-tech equipment (such as robotic surgery systems) over several years. Therefore, it is likely that the plans to purchase this equipment were developed several years prior and only in 2020-2021 did these come to fruition.

The Medical Equipment with the Strongest Demand in 2022 in the Dominican Republic

GHI Analysis — Wed, 27 Oct 2021 13:27:03 +0000

In May 2021, the Dominican Republic launched the Hospital Program for the Timely Detection of Breast, Cervical and Prostate Cancer, whose main objective is “to provide access to citizens through a network of establishments that will provide laboratory tests, imaging studies, hospitalization in cases that require it, medical procedures, gynecological and oncology consultations, as well as treatment.” The program has a network of establishments detailed on the SNS website, which also specifies the target population for the program and its expected benefits.

In an analysis of procurement trends in Dominican hospitals recently carried out based on the compound annual growth rate (CAGR) between 2019 and 2023 and other analyses, Global Health Intelligence (GHI) has identified that a large part of the devices and equipment needed for the treatments contemplated in the aforementioned hospital program are those with the highest sales projections. Below we share with you the types of medical equipment with the highest projected growth, as well as the types that will contract the most by 2022.

The 10 Medical Equipment Categories with the Greatest Projected Growth in the Dominican Republic in 2022

Mammography equipment in Dominican hospitals
Projected 52% increase in 2022

PET scanners in Dominican hospitals
Projected 40% increase in 2022

Gamma cameras in Dominican hospitals
Projected 36% increase in 2022

Patient monitors in Dominican hospitals
Projected 31% increase in 2022

Angiograms in Dominican hospitals
Projected 16% increase in 2022

Endoscopes in Dominican hospitals
Projected 12% increase in 2022

C-arms in Dominican hospitals
Projected 10% increase in 2022

Radiotherapy equipment in Dominican hospitals
Projected 10% increase in 2022

Laparoscopic equipment in Dominican hospitals
Projected 9% increase in 2022

Ventilators in Dominican hospitals
Projected 6% increase in 2022

The 5 Medical Equipment Categories with the Highest Projected Contractions in the Dominican Republic in 2022

RIS in Dominican hospitals
Projected 53% contraction in 2022

Stereotactic mammography machines in Dominican hospitals
Projected 32% contraction in 2022

Hyperbaric chambers in Dominican hospitals
Projected 17% contraction in 2022

PACS in Dominican hospitals
Projected 16% contraction in 2022

Fluoroscopes in Dominican hospitals
Projected 16% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in the Dominican Republic. We can help with several key resources, such as:

HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.

SurgiScope: Subscribing to this database allows you to see the surgical procedures taking place in hospitals in LatAm’s key hospital markets, which in turn can be used to gauge market demand for your products, market projections and more.

ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.

LatAm Hospital Monitoring Service: Subscribing to this service gives you weekly updates on Latin American hospitals in the country of your choice, all accessible through a power business intelligence platform that features cutting-edge data visualization tools.

In-Scope: Customized research into the LatAm medical equipment market of your choice that will deliver a proprietary report offering the insights you need to make strategic decisions in 2022 and beyond.

The 10 Types of Medical Equipment That Will Grow the Most in Chile in 2022

GHI Analysis — Wed, 27 Oct 2021 13:07:09 +0000

Chile is known as one of the top consumers of medical technology in Latin America, not only in the private medical sector via acquisitions of cutting-edge robotic surgery systems, but also in public health facilities that strive to meet the same standards as private ones. In this respect, great strides have been made with nuclear medicine. In addition, the Chilean government has passed the Cancer Law (Ley del Cáncer), which will come into effect in October 2022 and whose goal is “establish a regulatory framework for the planning, development and implementation of public policies, programs and actions aimed at establishing the causes and preventing the increase in the incidence of cancer.” This law has two interesting features: i) promoting cooperation between the private and public sectors, between institutions and also between industry sectors; ii) the responsibility of Chile’s Health Ministry to create a National Cancer Plan that with a span of at least 5 years. The portals of Mercado Público or Public Market already have open tenders for devices for this type of treatment, especially for breast cancer.

GHI also recently conducted an analysis of procurement trends in Chilean hospitals, calculating the compound annual growth rate (CAGR) between 2019 and 2023. Based on those calculations and other analyses, we share in this report the types of medical equipment with the highest projected growth as well as the types that will contract the most by 2022.

The 10 Medical Equipment Categories with the Greatest Projected Growth in Chile in 2022

Gamma cameras in Chile’s hospitals
Projected 64% increase in 2022

Bone densitometers in Chile’s hospitals
Projected 28% increase in 2022

Endoscopy towers in Chile’s hospitals
Projected 18% increase in 2022

Anesthesia machines in Chile’s hospitals
Projected 17% increase in 2022

Mammography machines in Chile’s hospitals
Projected 16% increase in 2022

Endoscopic lithotripters in Chile’s hospitals
Projected 10% increase in 2022

Laparoscopic surgery equipment in Chile’s hospitals
Projected 6% increase in 2022

RIS in Chile’s hospitals
Projected 6% increase in 2022

Ventilators in Chile’s hospitals
Projected 5% increase in 2022

Hemodialysis machines in Chile’s hospitals
Projected 4% increase in 2022

The 5 Medical Equipment Categories with the Highest Projected Contractions in Chile in 2022

Radiotherapy machines in Chile’s hospitals
Projected 45% contraction in 2022

Cobalt therapy machines in Chile’s hospitals
Projected 25% contraction in 2022

EEG machines in Chile’s hospitals
Projected 22% contraction in 2022

Patient monitors in Chile’s hospitals
Projected 20% contraction in 2022

Infusion pumps in Chile’s hospitals
Projected 19% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in Chile. We can help with several key resources, such as:

HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.

ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.

Top 2022 Opportunities with Peru’s Medical Equipment Market

GHI Analysis — Wed, 27 Oct 2021 12:25:01 +0000

As of August 2021, Peru’s National Cancer Law went into effect. Its primary objective is to “guarantee universal, free and priority coverage of health services for all oncology patients, regardless of the type of cancer they suffer from.” However, the law also authorizes the Ministry of Health to carry out the technological renovation of biomedical equipment, as well as the expansion and improvement of the oncology hospital infrastructure at a national level, according to the budgetary availability of its sector.” In line with this great advance for Peruvians, purchases of linear accelerators and high-precision radiotherapy equipment by public and private hospitals have been recorded in the last year. Thanks to this new standard, and the intangibility of the cancer budget, which prevents resources from being diverted to other services, an excellent opportunity has opened up for the medical device industry.

GHI recently conducted an analysis of procurement trends in Peruvian hospitals, calculating the compound annual growth rate (CAGR) between 2019 and 2023. Based on those calculations and other analyses, below we break down the types of medical equipment with the highest projected growth, as well as the types that will contract the most in 2022.

The 10 Medical Equipment Categories with the Greatest Projected Growth in Peru in 2022

Linear accelerators in Peru’s hospitals
Projected 39% increase in 2022

PET scanners in Peru’s hospitals
Projected 23% increase in 2022

Stereotactic mammography in Peru’s hospitals
Projected 23% increase in 2022

Endoscopic lithotripters in Peru’s hospitals
Projected 22% increase in 2022

Patient monitors in Peru’s hospitals
Projected 16% increase in 2022

Fluoroscopes in Peru’s hospitals
Projected 13% increase in 2022

Lithotripters in Peru’s hospitals
Projected 12% increase in 2022

Laparoscopic surgery equipment in Peru’s hospitals
Projected 11% increase in 2022

MRI machines in Peru’s hospitals
Projected 11% increase in 2022

Bone densitometers in Peru’s hospitals
Projected 9% increase in 2022

The 5 Medical Equipment Categories with the Highest Projected Contractions in Peru in 2022

RIS in Peru’s hospitals
Projected 29% contraction in 2022

Hyperbaric chambers in Peru’s hospitals
Projected 16% contraction in 2022

Radiotherapy equipment in Peru’s hospitals
Projected 14% contraction in 2022

Hemodialysis machines in Peru’s hospitals
Projected 8% contraction in 2022

Cobalt therapy machines in Peru’s hospitals
Projected 8% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in Peru. We can help with several key resources, such as:

HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.

ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.

The Top Growth Categories in Medical Equipment in Colombia for 2022

GHI Analysis — Mon, 23 Aug 2021 21:03:25 +0000

Despite the devastation wrought by the pandemic, it apparently has not negatively affected the medical equipment/devices market in Colombia. In fact, the market has experienced some growth…and 2022 could well offer powerful opportunities for manufacturers who target this large (2,000+ facilities) hospital market.

Published in May 2021, the Informe de infraestructura y capacidad instalada — known as the Infrastructure and Installed Capacity Report in English and published by Colombia’s Medical Device and Consumable Medical Goods Board — shows that the country’s hospital infrastructure increased by 3% in 2020 amidst highly uncertain conditions. This growth has been further supported through the donations made this past July by the Colombian Red Cross, the U.S. government, the International Federation of the Red Cross and the Red Crescent: this assistance, which included medical equipment, was distributed to 201 hospitals around the country.

In May 2021 Global Health Intelligence (GHI) published a report that took the pulse, so to speak, of the medical equipment market in Colombia. In this report GHI shared findings and industry trends that included significant growth in the sales of medical devices used to treat COVID patients, particularly ventilators (80%) and patient monitoring systems (15%). Click here to read it.

In addition, GHI recently analyzed medical equipment acquisition trends among hospitals in Colombia and calculate the compound annual growth rate (CAGR) for the changes in the amounts of different types of medical equipment in these hospitals between 2019 and 2023. Based on these calculations and other analysis, below you’ll find the types of medical equipment with the largest projected growth in 2022, along with the ones that will contract the most next year.

The 10 Medical Equipment Categories with the Greatest Projected Growth in Colombia in 2022

Patient monitoring systems in Colombia’s hospitals
Projected 42% increase in 2022

Hyperbaric chambers in Colombia’s hospitals
Projected 38% increase in 2022

Linear accelerators in Colombia’s hospitals
Projected 31% increase in 2022

Mammography equipment in Colombia’s hospitals
Projected 26% increase in 2022

MRI machines in Colombia’s hospitals
Projected 20% increase in 2022

Endoscopy towers in Colombia’s hospitals
Projected 18% increase in 2022

Hemodialysis machines in Colombia’s hospitals
Projected 18% increase in 2022

Fluoroscopes in Colombia’s hospitals
Projected 8% increase in 2022

CT scanners in Colombia’s hospitals
Projected 8% increase in 2022

Ventilators in Colombia’s hospitals
Projected 6% increase in 2022

The 5 Medical Equipment Categories with the Highest Projected Contraction in Colombia in 2022

Cobalt therapy machines in Colombia’s hospitals
Projected 69% contraction in 2022

Vacuum-assisted biopsy equipment in Colombia’s hospitals
Projected 28% contraction in 2022

RIS in Colombia’s hospitals
Projected 27% contraction in 2022

PET scanners in Colombia’s hospitals
Projected 22% contraction in 2022

PET/MR systems in Colombia’s hospitals
Projected 19% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in Argentina. We can help with several key resources, such as:

HospiScope: Subscribing to this database allows you to access millions of data points for nearly 90% of the hospitals in Latin America.

ShareScope: This service reveals market share in different markets for more than 30 different types of medical equipment.

2021 Data Portrait of Latin America’s Hospitals

GHI Analysis — Wed, 10 Mar 2021 11:35:15 +0000

As Latin America continues to recover from COVID and the strain it placed on healthcare systems, verified, reliable data on the region’s hospitals is more helpful than ever.

With that in mind, GHI is sharing the infographic below which offers a range of data on hospitals in larger (Brazil, Mexico, Colombia, Argentina) and smaller markets (Chile, Peru, Dominican Republic, Puerto Rico, Uruguay).

The data featured in the infographic includes:

Number of hospitals in Argentina, Brazil, Chile, Colombia, Peru and other markets
Percentage of public versus private hospitals in Argentina, Brazil, Chile, Colombia, Peru and other markets
Number of hospital beds in Argentina, Brazil, Chile, Colombia, Peru and other markets
Capital equipment counts that include:
- Amount of anesthesia machines in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of C-arms in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of CT scanners in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of EMR systems in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of gamma cameras in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of linear accelerators in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of PACS in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of ultrasound machines in Argentina, Brazil, Chile, Colombia, Peru and other markets
- Amount of X-ray machines in Argentina, Brazil, Chile, Colombia, Peru and other markets

The infographic covers the following markets:

Argentina
Bolivia
Brazil
Chile
Colombia
Dominican Republic
Mexico
Paraguay
Peru
Puerto Rico
Uruguay

Going further

If your needs go beyond what the infographic displays, you may want to consider our LatAm Hospital Monitoring service, in which we track data for hospitals in single or multiple markets and provide the data to you via a dynamic PowerBI interface. Every week, we deliver new data, allowing you to stay current with shifts in hospital needs, find new opportunities and drive your success.

Feel free to also explore SurgiScope, our database of surgical procedures conducted in Latin American hospitals, as well as HospiScope, our hospitals database.

If your needs are more specific, such as competitive intelligence, data on a very particular aspect of the market or deeper insights to drive your strategic planning, contact us to arrange for a customized study that will deliver you the answers you need.

Click here to download the infographic, or you can click on the image below.

10 Growth Areas in LatAm’s Capital Equipment Market, 2020-2021

GHI Analysis — Mon, 08 Mar 2021 10:04:23 +0000

Healthcare facilities across the world faced the worst public health crisis in recent history during 2020; Latin America was no exception. GHI recently analyzed and released the year-end data for HospiScope 2020, identifying specific capital equipment that expanded and contracted during this period.

In 2020, the GHI team conducted interviews with over 10,000 hospitals across Latin America in order to monitor equipment counts and installed capacity of key capital equipment. This data fuels HospiScope, which the world’s top medical equipment & devices manufacturers use to identify prospects, understand the marketplace, conduct propensity analysis and more.

Data was obtained from hospitals in 17 markets across Latin America, including Argentina, Brazil, Chile, Colombia, Mexico, Peru and Puerto Rico, amongst others. GHI compared aggregate equipment counts in the hospitals in these markets in 2020 versus 2019 to analyze which capital equipment types posted growth or contraction.

The 10 Medical Equipment Types That Grew the Most in 2020 in Latin America

The 10 Medical Equipment Types That Contracted the Most in 2020 in Latin America

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What are the key drivers of growth and contraction? What will 2021 bring? Will the categories that contracted in 2020 rebound during 2021? Will the categories that grew in 2020 continue to grow?

Our InScope service can help answer those questions via customized research that can allow you to gauge demand for your preferred product types all over Latin America or in specific markets.

You can also subscribe to our LatAm Hospital Monitoring Service to get the latest data on hospitals in your preferred market, every week, all through a PowerBI interface for easy data visualization.

Contact us for more information about these and other market intelligence services that help medical equipment/device companies drive their success in Latin America.