Market Trends of Chile Artificial Organs & Bionic Implants Industry
This section covers the major market trends shaping the Chile Artificial Organs & Bionic Implants Market according to our research experts:
Cardiac Bionics Segment is Expected to Have a Highest Growth Rate in the Forecast Period
The Cardiac bionics is expected to grow at a high growth rate of the segment is attributed to the increasing prevalence of cardiovascular diseases, increasing geriatric population in the country. According to the National Statistics Institute of Chile, 2018, the leading cause of death in Chile was circulatory diseases that includes myocardial infarction, ischemic heart disease, stroke, etc, which has killed nearly 29,000 people in the year 2018. The deaths from acute myocardial infarction have increased over the past two decades. In addition, the death rate from Ischemic Heart Disease has increased by 20 percent in 2017 since 2007.
Furthermore, the increasing prevalence of risk factors like sedentary lifestyle, hypertension, obesity, hypercholesteremia escalates the incidence of cardiovascular diseases that increases the demand for cardiac bionics.
