ShareScope – Global Health Intelligence – Healthcare Market Insights for Emerging Markets

LatAm’s Best-Selling Medical Equipment

Mariana Romero Roy — Mon, 03 Jun 2024 08:00:16 +0000

Below we break down some of the top sellers in the region, using a combination of market projections and in-house data from our HospiScope and ShareScope services. HospiScope tracks equipment and personnel counts for Latin American hospitals, while ShareScope analyzes market size and share of different medical device/equipment brands using import data. Here’s a look at the types of medical equipment and devices posting some of the top sales figures now and over the next few years.

1) Dialysis Equipment

Dialysis machines are used as a substitute for kidneys to help purify the blood. The market for this equipment in Latin America—which includes hemodialysis machines, dialyzers, peritoneal dialysis equipment, equipment for continuous ambulatory peritoneal dialysis and intermittent peritoneal dialysis and more—will reach a value of US$4.27 billion by 2027, growing with a CAGR of 7.8% between now and 2027.

FURTHER DATA: This growth trend is reflected by GHI’s data—to a certain extent. According to our MedTech Outlook: Latin America 2024 report, the amount of hemodialysis machines went up in Latin American hospitals in different markets during 2022-2023. For example, the amount of hemodialysis machines in Argentine hospitals went up nearly 9% in 2023 and there was also an increase in hemodialysis machines in hospitals in Mexico and Peru. You can find out more about acquiring the MedTech Outlook report here.

#2 Respiratory Devices

Worth US$ 2.24 billion in 2023, the LatAm market respiratory devices market will grow at a CAGR of 8.74% between now and 2028 to reach a value of US$3.4 billion.

FURTHER DATA: GHI’s ShareScope (BrandTrack) offers import data for medical equipment in Latin America, including respiratory devices.

#3 Infusion Pumps & Accessories

Infusion pumps are a critical accessory for hospitals and medical centers for the delivery of large amounts of fluids, nutrients or medications to chronically ill patients. And it’s one area that is showing major growth in various Latin American markets in recent years. Currently, the infusion pumps and accessories market is forecast to grow at a rate of 7.8% in Latin America from 2024 to 2029.

FURTHER DATA: GHI’s MedTech Outlook: Latin America 2024 report shows that the amounts of infusion pumps increased in 2023 in hospitals in Argentina, Brazil, Central America, Chile, Colombia and Peru. HospiScope offers more details as to specific amounts increasing in different hospitals and PriceScope can help you obtain pricing data on infusion pumps for hospitals in Latin American markets to help your strategy in that area.

#4 Endoscopy Devices

Endoscopes, which are cutting-edge instruments that can diagnose or treat areas inside the body without invasive procedures, have been growing throughout the Western world for some time now. And now that growth is finally making its way to Latin American markets, as well. The endoscopy device market in LatAm is already substantial, at US$2.25 billion in 2023. But it’s forecast to reach US$2.99 billion by 2028. That’s a projected CAGR of 5.84%.

FURTHER DATA: GHI’s MedTech Outlook report shows that the amount of endoscopes and endoscopy towers increased in 2023 in hospitals in Argentina (8.3%), Brazil (12%), Central America, Chile, Colombia, Mexico and Peru (endoscopy device increase data for these other countries/regions is available if you purchase the report). This 100-page report will give you and your team deep market knowledge in minutes through its easy-to-read infographic design. You can contact us directly to request a 10-minute call that will show you the report’s contents so you can see the value it can bring to your sales and marketing team.

You also can subscribe to HospiScope to obtain fresh data on base installed equipment like endoscopes for more than 18,000 hospitals in Latin America.

GET 90 SALES PROSPECTS IN 90 SECONDS

Increasing your sales of medical equipment in Latin America has never been easier.

SEE HOW

#5 Prosthetic Heart Valves

The value of the Latin American prosthetic heart valves market is growing with a CAGR of 13.6% between now and 2027. The market’s value will be US$1.4 billion by 2027, compared to its 2022 value of US$.74 billion.

FURTHER DATA: GHI’s PriceScope features data on prosthetic heart valves. You can contact us directly to obtain a demo for PriceScope.

#6 Cardiac Assist Devices

Cardiac assist devices, which are cutting-edge pumps that increase blood flow, are a potentially life-saving treatment for those with congestive heart failure. And data has shown that this growing device market will continue to see great increases throughout Latin America in the coming years. The market for these devices is currently forecast to grow at a rate of 7.45% through 2028. These projections put the forecast value of the cardiac assist devices market at US$207.4 million by 2028.

#7 Electrosurgery Devices

The Latin American market for these devices—which include generators, instruments and accessories, as well as argon and smoke management systems—is expected to grow with a CAGR of 6.93% between now and 2021 to reach a value of nearly US$1 billion by 2027, up from a market value of US$0.64 billion in 2022.

FURTHER DATA: GHI’s Hospiscope tracks counts for surgical generators in Latin American hospitals. Contact GHI for more information.

#8 Nuclear Medicine Radiopharmaceuticals

Radiopharmaceuticals are injected into the body to serve as either diagnostic or therapeutic agents. And it’s big business in Latin America now, where the forecast market growth is projected at 12.4% through 2028. This puts the overall market value at US$1.93 billion by 2028.

FURTHER DATA: These radiopharmaceuticals are used in nuclear medicine systems. According to HospiScope data, nuclear medicine systems have grown significantly in hospitals in different Latin American markets.

Next Steps

For medical device and equipment manufacturers, exploring data from HospiScope and ShareScope may be helpful in parsing these larger growth trends in equipment categories so as to identify sales opportunities.

Contact GHI to learn more about these services and how they can help you scale up sales or get a deeper understanding of the market.

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.

Explore More

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.

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.