Basic Breakdown

Even though Chile did not suffer as strongly from the devastating effects of the COVID-19 pandemic, its increases in basic equipment shows that the crisis still impacted its healthcare systems:

• Patient monitoring systems: 52.3% increase
• Infusion pumps: 47.7% increase
• Anesthesia machines: 9.2% increase
• Ventilators: 4.1% increase 
• EKG machines: 6.8% increase 
• X-ray machines: 1.9% increase

Despite these jumps, Chilean hospitals didn’t increase their levels of all forms of basic equipment: for example, counts of ultrasound machines went down by 2.1% in 2020.

A Special Case

Several specialized equipment types saw surges in Chilean hospitals in 2020, while others contracted sharply. The list below includes both the equipment that most decreased and that which most increased in Chile in 2020:

• Endoscopic lithotripsy equipment: -27.7% decrease
• Cobalt therapy machines: -15.5% decrease
• Stereotactic mammography machines: -12.3% decrease
• Lithotripter machines: -7.5% decrease
• Hemodialysis machines: -2.5% decrease
• Bone densitometers: -1.9% decrease
• Fluoroscopes: -1.9% decrease
• C-arms: 1.2% increase
• Angiograms: 5.4% increase
• Gamma cameras: 6.2% increase
• Laparoscopic surgery equipment: 8.3% increase
• MRI machines: 15.1% increase
• CT scanners: 18.6% increase
• Linear accelerators: 19.8% increase
• PET systems: 34.6% increase

Medical Equipment Market Growth in Chile, 2019-2023

For sales and marketing planning, longer-term projections are more helpful to strategize, map out product launches and target markets more effectively. GHI’s HospiScope 2020 report not only lists the best-equipped hospitals in Chile and in 9 other key LatAm markets, it also uses proprietary HospiScope data to forecast growth/contraction for the next few years. Below we break down these numbers for the equipment types we’ve discussed thus far. The uneven nature of Chile’s medical equipment market, which we saw with the 2020 figures, is even more pronounced in these near-term projections, which indicate the compound annual growth rate for 2019-2023.

Projected to contract:

• Cobalt therapy machines: -25% decrease
• Patient monitoring systems: -20% decrease
• Infusion pumps: -19% decrease
• PET systems: -16% decrease
• Stereotactic mammography machines: -13% decrease
• Lithotripter machines: -9% decrease
• Angiograms: -6% decrease
• Fluoroscopes: -5% decrease
• EKG machines: -4% decrease 
• CT scanners: -3% decrease
• Linear accelerators: -2% decrease

Projected to expand:

• Gamma cameras: 64% increase
• Bone densitometers: 28% increase
• Anesthesia machines: 17% increase
• Endoscopic lithotripsy equipment: 10% increase
• Laparoscopic surgery equipment: 6% increase
• Ventilators: 5% increase 
• Hemodialysis machines: 4% increase
• MRI machines: 4% increase
• X-ray machines: 3% increase
• C-arms: 1.2% increase

Going beyond the Numbers

What is driving the uneven numbers we are seeing in Chile?

Which of Chile’s hospitals are the best sales prospects for basic medical equipment?

Which hospitals in Chile tend to acquire more high-tech medical equipment?

To get at these answers and make a deeper dive into the Chilean medical market, GHI offers a suite of services.

• HospiScope tracks data for nearly 90% of the region’s hospitals, allowing you to pinpoint which hospitals in Chile are acquiring different types of equipment and much more.
• SurgiScope tracks the most popular surgical procedures in Chilean hospitals, allowing you to gauge market demand for medical products.
• ShareScope lets you know who the market leaders are for different equipment types in Chile.
• In-Scope delivers customized research to give you the specific data you need about the Chilean market.  

Finally, if you’re more interested in keeping up with changes with hospitals in Chile or in 11 other markets, explore our Latin American Hospital Monitoring Service. Subscribing to this service gives you data updates every week on the hospitals in the LatAm country (countries) of your choice. You access the data using a Power BI platform that displays this fresh information in an easy-to-use format that make it ideal for your planning or presentation needs.

While penetration rates in Colombian hospitals are high for common equipment types such as EKG machines, there is room to grow the market with other equipment types. In fact, when we look at data projections from our HospiRank 2020 report, we see the following types of medical equipment and devices as having the biggest projected growth from 2019 through 2023 in Colombia:

Medical equipment types with the highest projected growth between 2019 and 2013 include a majority of the equipment which currently has low penetration, such as:

• Linear accelerators, projected to grow by 31% in Colombian hospitals 2019-2023
• MRI machines, projected to grow by 20% in Colombian hospitals 2019-2023
• Endoscopy towers, projected to grow by 18% in Colombian hospitals 2019-2023
• Hemodialysis machines, projected to grow by 18% in Colombian hospitals 2019-2023
• Fluoroscopes, projected to grow by 8% in Colombian hospitals 2019-2023
• CT scanners, projected to grow by 6% in Colombian hospitals 2019-2023

Going further

Contact us for a customized study if you’d like to understand market drivers with Colombian healthcare, know the top brands by market share and other data that can help you target your product launches with this market more effectively.

For a full list of growth/contraction rates more than 30 equipment types in Colombia, a ranking of the best-equipped hospitals in Colombia in 8 categories, breakdowns by hospital of the amounts of surgery robots in Latin America and more, you can purchase our HospiRank 2020 report.

For granular medical equipment market data on Colombia and other key LatAm markets, you can purchase our Medical Equipment Market Report: Latin America 2020.

Either of these reports offer in-depth, exclusive numbers that are unavailable in any other market research report in the world, given that Global Health Intelligence is the only company that obtains and analyzes infrastructure data that comes directly from the hospitals themselves.

Through HospiScope, GHI’s annual hospital monitoring of equipment and capacity, our team contacts over 10,000 hospitals across Latin America every year to obtain data on nearly 60 types of medical equipment. This data ends up in our HospiScope database, which the world’s top medical equipment & devices manufacturers use to identify capacity, anticipate demand, understand the marketplace, identify sales opportunities, conduct propensity analysis and more.  HospiScope has coverage in over 85% of Latin America’s hospitals, including Mexico.

Analyzing year-end 2020 figures, GHI found that there was a growth of 1% – 6% in the installed base for medical imaging equipment in Mexico.  Specifically:

• C-arms: 1% growth in Mexico in 2020
• CT scanners: 2.6% growth in Mexico in 2020
• Fluoroscopes: 6.1% in Mexico in 2020
• MRI machines: 2.6% growth in Mexico in 2020
• Ultrasound machines: 2.4% growth in Mexico in 2020
• X-ray machines: 0.6% growth in Mexico in 2020

2021 Growth Projections for Diagnostic Imaging Equipment in Mexico

Beyond ranking the best-equipped hospitals in Latin America in 8 key categories, our HospiRank 2020 report also offers projections for diagnostic imaging equipment in Mexico for 2021, including these (ordered by growth percentage):

• Fluoroscopes: 18% projected growth in Mexico in 2021
• MRI machines: 9% projected growth in Mexico in 2021
• C-arms: 5% projected growth in Mexico in 2021
• CT scanners: 5% projected growth in Mexico in 2021
• Ultrasound machines: 1% projected growth in Mexico in 2021
• X-ray machines: 0% growth

Our projections for 2019-2023 show growth for these categories in Mexico, with the exception of X-ray machines, which we forecast will remain flat.

Explore More

To find out more about what’s occurring in Mexico’s hospitals as the country slowly recovers from the COVID crisis, explore our LatAm Hospitals Monitoring Service. Every week, we can deliver data on the hospitals in your market of choice (Mexico, Brazil, Colombia and more) that you can access via PowerBI that lets you see the latest data in a visually stunning, well-organized format.

Click here to learn more.

If our diagnostic imaging figures piqued your interest and you want to know more about the growth in this area, please contact us to arrange for a customized market study where we can help you understand which brands are strongest in the country and other key market intelligence.

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

Explore More

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.