In-Scope – Global Health Intelligence – Healthcare Market Insights for Emerging Markets

The Best-Equipped Hospitals in Brazil and Latin America in 2021

GHI Analysis — Thu, 02 Dec 2021 16:34:33 +0000

After sharing the top 50 best-equipped hospitals in Brazil and Latin America via a basic report that was published in September 2021, GHI has now made its full HospiRank 2021 data available to the public on its website. Once you visit the main page, you can access the top 50 report and can also view the rankings for the six countries featured in HospiRank 2021:

For each country, you will find a list of the top 10 best-equipped hospitals according to the following categories:

Best Equipped for Hosting Patients
Best Infrastructure for High Procedure Count
Highest Count of Basic Surgical Equipment
Best-Equipped Hospitals for Accommodating Newborns
Best-Equipped Hospitals for Primary Diagnostics
Best Installed Base for Treating Cancer
Best-Equipped Hospitals for Advanced Diagnostic Imaging
Best-Equipped Hospitals for High-Risk Patients

While the amount of medical equipment that a hospital or clinic possess is in no way the only factor in determining its quality, it can be helpful to understand what different institutions have available. Through HospiScope, SurgiScope, In-Scope, ShareScope, and LatAm Hospital Monitoring Service, GHI provides market intelligence for medical equipment/device manufacturers. As such, HospiRank could offer useful information about potential or existing clients. And for hospital administrators and public health officials, HospiRank could also offer data that is useful for benchmarking or to complementing existing knowledge about the medical resources available in a specific country.

With that in mind, we have made these rankings available to the general public. Beyond the 2021 rankings, on GHI’s site you can also find HospiRank for 2017, 2018, 2019 and 2020, allowing you to make comparisons over time in the case of certain countries.

Explore further

Contact us if you’re interested in obtaining more market data about the Brazilian or Latin American hospital market, such as:

A market landscape study for specific equipment types or sectors
How to use GHI’s database to improve your CRM with fresh data
Creating a sales propension study for your particular product(s) in your market(s) of interest
Closely monitoring developments in Brazilian hospitals on a monthly basis using a power BI platform
Forecasting demand or market sizing for medical equipment or devices

And much more.

You can also learn more about LatAm’s hospital market by reading other GHI articles, which include a new Brazilian medical market report, an infographic about Brazilian hospitals, and other key insights.

The Best-Equipped Hospitals in Latin America in 2021

GHI Analysis — Mon, 29 Nov 2021 20:43:43 +0000

After sharing the top 50 best-equipped hospitals in Latin America via a basic report that was published in September 2021, GHI has now made its full HospiRank 2021 data available to the public on its website. Once you visit the main page, you can access the top 50 report and can also view the rankings for the six countries featured in HospiRank 2021:

For each country, you will find a list of the top 10 best-equipped hospitals according to the following categories:

Best Equipped for Hosting Patients
Best Infrastructure for High Procedure Count
Highest Count of Basic Surgical Equipment
Best-Equipped Hospitals for Accommodating Newborns
Best-Equipped Hospitals for Primary Diagnostics
Best Installed Base for Treating Cancer
Best-Equipped Hospitals for Advanced Diagnostic Imaging
Best-Equipped Hospitals for High-Risk Patients

Explore further

A market landscape study for specific equipment types or sectors
How to use GHI’s database to improve your CRM with fresh data
Creating a sales propension study for your particular product(s) in your market(s) of interest
Closely monitoring developments in Latin American hospitals on a monthly basis using a power BI platform
Forecasting demand or market sizing for medical equipment or devices

And much more.

You can also learn more about LatAm’s hospital market by reading other GHI articles, which include a new Brazilian medical market report, an analysis of hospitals with robotic surgery systems, 2022 projections for Mexico, Brazil, Chile, Colombia and Argentina, and other key insights.

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.

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.

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.

2022 Sales Opportunities with Medical Equipment in Brazil

GHI Analysis — Tue, 24 Aug 2021 12:10:34 +0000

The medical devices/equipment market has had exponential growth in recent years and Brazil’s market for these products offers significant growth opportunities for global players. As the largest economy in South America, Brazil spends around 8% of its total GDP on healthcare. According to MarketResearchFuture, Brazil’s medical devices market is expected to reach a value of US$1.8 billion by 2023, with a compound annual growth rate (CAGR) of 9% projected for 2017-2023. Innovation and new technologies have led this healthcare segment, and particularly it’s been technological advancements that have led to the launch of high-tech medical devices that have totally revolutionized the perception of healthcare, as in the case of PET/MR systems.

As observed by Global Health Intelligence (GHI) in a report published in April 2021, Brazil has experienced solid growth in its healthcare industry and Brazilian hospitals significantly increased their amounts of base installed equipment in 2020, with the strongest growth occurring with ventilators, EKG machines and infusion pumps. The urgent needs caused by the COVID-19 pandemic could explain the growth with these product categories, but the report also shows growth with other categories.

Going forward, data from GHI’s HospiScope database suggests further expansion is on the way in 2022. Below we break down 10 categories of medical equipment with the highest projected growth in 2022, along with 5 categories projected to have the biggest contractions next year.

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

Ventilatorsin Brazil’s hospitals
Projected 9% increase in 2022

EKG machinesin Brazil’s hospitals
Projected 7% increase in 2022

PET/MR systems in Brazil’s hospitals
Projected 7% increase in 2022

Infusion pumps in Brazil’s hospitals
Projected 6% increase in 2022

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

Ultrasound machines in Brazil’s hospitals
Projected 6% increase in 2022

Fluoroscopes in Brazil’s hospitals
Projected 5% increase in 2022

Endoscopy machines in Brazil’s hospitals
Projected 4% increase in 2022

Incubators in Brazil’s hospitals
Projected 4% increase in 2022

Radiant heat cribs in Brazil’s hospitals
Projected 4% increase in 2022

The 5 Medical Equipment Categories with the Greatest Projected Contraction in Brazil in 2022

X-ray machines in Brazil’s hospitals
Projected 2% contraction in 2022

Stereotactic mammography machines in Brazil’s hospitals
Projected 1% contraction in 2022

Gamma cameras in Brazil’s hospitals
Projected 1% contraction in 2022

EEG machines in Brazil’s hospitals
Projected 1% contraction in 2022

Angiograms in Brazil’s hospitals
Projected 1% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in Brazil. 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 10 Medical Equipment Opportunities in Mexico for 2022

GHI Analysis — Mon, 23 Aug 2021 21:26:46 +0000

Despite the devastation of the COVID-19 pandemic, there are grounds for optimism with regard to Mexico’s medical equipment/devices market. For example, a July 2021 article from Fitch Solutions projects that Mexico’s medical device market will register a 2020-2025 CAGR of 8.6% in USD, giving it a value of US$7.6 billion by 2025. The firm further forecasts double-digit growth for the Mexican medical device market in 2022.

In reviewing Global Health Intelligence’s (GHI’s) recent research on the area, which comes from our HospiScope database, we noticed strong growth in diagnostic imaging equipment in Mexico during 2020 and recently highlighted 3 equipment categories that posted double-digit growth last year.

As a company, GHI has been tracking base installed equipment for hospitals in Latin America since 2014, and this has allowed us to create historical projections based on the changes we have observed as our team directly confirms equipment counts as part of the constant updating of HospiScope. We recently calculated CAGR for more than 30 different categories of medical equipment in Mexico for 2019-2023. Based on those calculations, below we offer projections for the 12 medical equipment categories in Mexico which are likely to have the strongest growth in 2022 — along with 5 that are projected to suffer the sharpest contractions.

The 10 Medical Equipment Growth Categories in Mexico for 2022

Fluoroscopes in Mexico’s hospitals
Projected 19% increase in 2022

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

Patient monitoring systems in Mexico’s hospitals
Projected 11% increase in 2022

Positron emission tomography machines in Mexico’s hospitals
Projected 10% increase in 2022

Infusion pumps in Mexico’s hospitals
Projected 7% increase in 2022

Laparoscopic surgery equipment in Mexico’s hospitals
Projected 7% increase in 2022

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

Anesthesia machines in Mexico’s hospitals
Projected 5% increase in 2022

C-arms in Mexico’s hospitals
Projected 5% increase in 2022

CT scanners in Mexico’s hospitals
Projected 5% increase in 2022

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

Endoscopic lithotripsy equipment in Mexico’s hospitals
Projected -18% contraction in 2022

Cobalt therapy machines in Mexico’s hospitals
Projected -16% contraction in 2022

Stereotactic mammography machines in Mexico’s hospitals
Projected -14% contraction in 2022

Linear accelerators in Mexico’s hospitals
Projected -13% contraction in 2022

Hyperbaric chambers in Mexico’s hospitals
Projected -12% contraction in 2022

Next Steps

Contact us to obtain more detailed data on the medical equipment market in Mexico. 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.

Argentina Projected to Post Strong Growth in Its Medical Equipment Market for 2022

GHI Analysis — Mon, 23 Aug 2021 20:38:15 +0000

The COVID-19 pandemic has presented many challenges for countries around the world, and Latin America has not been an exception. However, the pandemic has also produced the possibility of developing innovative ideas, such as the prototype device to intubate COVID-19 patients without the danger of infecting healthcare teams. It’s also led to greater acquisitions of state-of-the-art equipment, such as surgery robots or angiometers used to diagnose and treat complex pathologies through minimally invasive procedures.

Global Health Intelligence (GHI) has years of experience in market intelligence gained through extensive research, along with 7 years of continual work in developing HospiScope, which in turn allows the company to produce data-driven market projections and to take the pulse of key hospital markets in Latin America. GHI’s recent data indicates that in 2020 Argentina’s hospitals posted significant increases in their acquisition of specialized medical equipment such as hemodialysis machines (+15.1%), MRI machines (+14.9%) and linear accelerators (10.7%). The company has also noted increases during 2020 in the acquisition of basic equipment such as patient monitoring systems (+16.8%), infusion pumps (6.8%) and ventilators (4.9%), which are clearly linked to treating patients during the pandemic.

Through our analyses we have recently calculated the compound annual growth rate (CAGR) of more than 30 different types of medical equipment in Argentina for the period of 2019-2023. Based on these calculations, below we offer projections for 10 categories of medical equipment and devices that will grow the most in Argentina during 2022, along with 5 that are projected to contract the most next year.

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

Patient monitoring systems in Argentina’s hospitals
Projected 72% increase in 2022

Mammography equipment in Argentina’s hospitals
Projected 50% increase in 2022

Hyperbaric chambers in Argentina’s hospitals
Projected 42% increase in 2022

Fluoroscopes in Argentina’s hospitals
Projected 27% increase in 2022

Infusion pumps in Argentina’s hospitals
Projected 23% increase in 2022

Vacuum-assisted biopsy equipment in Argentina’s hospitals
Projected 17% increase in 2022

PACS in Argentina’s hospitals
Projected 16% increase in 2022

Gamma cameras in Argentina’s hospitals
Projected 15% increase in 2022

Bone densitometers in Argentina’s hospitals
Projected 14% increase in 2022

Radiotherapy equipment in Argentina’s hospitals
Projected 14% increase in 2022

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

PET/MR systems in Argentina’s hospitals
Projected 32% contraction in 2022

Cobalt therapy machines in Argentina’s hospitals
Projected 23% contraction in 2022

Stereotactic mammography equipment in Argentina’s hospitals
Projected 15% contraction in 2022

PET scanners in Argentina’s hospitals
Projected 11% contraction in 2022

Endoscopic lithotripsy equipment in Argentina’s hospitals
Projected 9% 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.

Impressive yet Uneven 2020 Growth in Chile’s Medical Equipment Market

GHI Analysis — Fri, 23 Apr 2021 14:12:56 +0000

While Chile’s medical equipment/devices market did not post the broad growth of Argentina’s in 2020 — nor a significant increase in a category like diagnostic imaging equipment, as occurred with Mexico — Chile still posted some impressive numbers. Moreover, Chile’s 362 hospitals increased their counts of both basic equipment and high-ticket specialized equipment, which suggests diverse targeting potential for companies. Here’s a look at the areas that expanded the most.

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.

2019 Developments in Latin America’s Pharmaceutical Market

GHI Analysis — Thu, 25 Apr 2019 18:04:47 +0000

In the past, we’ve reported on the strong projected growth for Latin America’s pharmaceutical market, including specialty drugs for common conditions such as diabetes. But when you look at the different markets within the region, they each have their own challenges and developments. We decided to highlight some key recent developments to help pharmaceutical industry professionals have a quick understanding of what’s happening in different markets.

ARGENTINA

ANMAT (Administración Nacional de Medicamentos, Alimentos y Técnología Médica) recently approved an anti-obesity medication called liraglutide that’s administered daily via an injectable pen. Liraglutide (sold under the brand name Victoza in many markets) has been shown to produce significant weight loss benefits.

ANMAT also approved another medication — one of the most expensive in the world. Spinraza is used to treat spinal muscular atrophy (SMA), a rare neuromuscular disorder. Spinraza has shown to be effective against 3 of the types of SMA, but the first year of treatment can cost $600,000 and the second year can cost up to $300,000.

PharmaDorf arrived in Argentina in 2016 and recently has beefed up its sales structure by 40%, projecting to double its investment in the Argentine market in 2019, as well as its sales. The company is mostly focused on women’s health, respiratory, cardiovascular and neuroscience. Some of its brands include Avancel, Livianne, Drolzen, Tritace and Cervilane.

Argentine pharma firm Laboratorios Bagó has become a leader in the Chinese market, with a 45% market share of the amoxicillin-sulbactam antibiotics market. Bagó has been exporting to China for 20 years and grew from selling 150,000 units of its products to 4.2 million units in 2018.

BRAZIL

Brazil has made strides in cancer treatment with the recent approval of 4 new cancer medications. These include Lenvima (lenvatnib mesylate) for renal cancer, Lynparza (olaparib) for ovarian cancer, Keytruda (pembrolizumab) for skin cancer and Blincyto (blinatumomabe) for leukemia.

These are far from the only recent cancer breakthroughs in Brazil. Biological medicine is an up-and-coming cancer treatment that doesn’t have as many side effects as chemotherapy, and Mvasi (bevacizumabe) has now joined the ranks of biological medicines that are approved in Brazil for treating colorectal cancer, breast cancer and more.

Pharmaceuticals now have a bigger presence in Brazil thanks to manufacturer ACG Group, which opened a massive capsule manufacturing plant in Pouso Alegre. The factory is over 14,000 square feet and will create 500 new jobs in the region.

Migraine sufferers in Brazil received a big boost with the approval of erenumab (Pasurta), the first medication approved by Brazil that is designed specifically to treat migraines.

CHILE

Medical marijuana is big business in Chile, where Spectrum Cannabis is investing $10 million to gain approval for three of its products.

Unfortunately, there is some bad news out of Chile, where recent research indicates that medicine is significantly more expensive than in other Latin America markets. Some drugs, in fact, are up to 24 times more costly than they are elsewhere in the region.

Tibelia, a hormone treatment for postmenopausal women, will soon be sold in the Chilean market. It’s one of many offerings in the country from the company Mithra.

COLOMBIA

Pharmaceuticals are a rapidly growing business in Colombia, where the country now leads the region in capital investment in pharmaceuticals from January to August 2018. Colombia has attracted some $193 million in pharmaceutical sector investments, which trumps Mexico ($157.5 million) and Argentina ($100 million).

Pharmaceutical manufacturer Biib Colombia has made a $9 million investment in the country in order to provide drugs for diseases such as MS, Alzheimer’s, Parkinson’s and muscular dystrophy.

While most pharmaceutical news focuses on increasing drug prices, the cost of many drugs in Colombia is going down. This is due to the passage of a law known as Circular 7, which is intended to lower the price of medications to more reasonable levels.

Patients with diabetes and heart disease risk received good news with the approval of a new drug that can be used to treat not only diabetes, but also cardiovascular disease risks related to diabetes.

MEXICO

Major pharmaceutical player Novartis is making a big move into Mexico with a $20 million investment in their service center. The result should be not only new medications, but also new jobs.

Fomento Económico Mexicano (Femsa) is in major growth mode, recently making acquisitions that have made it the second largest pharmacy company in Latin America. Only Similar Pharmacies has a larger presence in the region.

Hepatitis C treatments took a major step forward in Mexico with the approval of Mavyret. This drug can treat all genotypes of hepatitis C and is more effective than many other hep C treatments.

Finally, major strides have been made by Mexico’s health regulatory agency, Cofepris, to approve a wide variety of medical devices and drugs. Recently, over 13,000 requests have been approved, including some that had been delayed since 2007.

DOMINICAN REPUBLIC

Pharmaceuticals remain big business in the Dominican Republic, with annual revenue generation of $628 million, movement of 50 million units, and, most important, more than 20,000 jobs in the area. It’s also projected to show growth between 20 and 30 percent over the next year.

GUATEMALA

Pharmaceutical giant Bayer has had a business presence in Guatemala that stretches back more than 50 years. They recently invested even more in that relationship with a $41.5 million boost to the region in the form of upgrades and expansions to their Consumer Health plant.

PANAMA

Mexico isn’t the only country where Novartis is making waves. With a $4 million investment in Panama, Novartis plans to help more patients with affordably priced medication through their emerging market brands.

PERU

The big news out of Peru is the approval and regulation of medical marijuana through a supreme decree from the government. The decree established guidelines for the research, cultivation, importation and commercialization of marijuana for medicinal purposes.
Pharmaceutical exports are big business in Peru, where the total was more than $49 million between January and November 2018. This represented a 4.8 percent growth over the same period in 2017.

PUERTO RICO

Medical marijuana is also making strides in Puerto Rico, where Veritas Pharma plans to research their cannabis product CTL-X for the treatment of acute pain.

Next Steps

Understanding the medical procedures performed in Latin America can help you gauge demand for pharmaceutical products or medical equipment/devices. Contact us to request a demo of SurgiScope, our database of medical procedures performed in LatAm. You can also gain insights into specific markets through our InScope service.