Chile Cardiovascular Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chile Cardiovascular Devices Market Analysis
The Chile Cardiovascular Devices Market is expected to register a CAGR of 2.4% during the forecast period. The major factors driving the growth of the market in Chile are due to technological advancements, increasing cases of cardiovascular diseases, and increased adoption of minimally invasive procedures.
Cardiovascular disease is a major health problem in Chile. In Chile, the HEARTS program, a tool that provides a strategic approach to improving cardiovascular health through primary care. This was started in 2016 to support governments in strengthening the prevention and control of cardiovascular diseases (CVDs). Such initiations will boost the market in the coming years.
Thus, owing to the above-mentioned factors the market is expected to show growth over the forecast period. However, poor reimbursement policies, stringent regulatory policies, and the high cost of instruments and procedures are some of the major factors restraining market growth.
Chile Cardiovascular Devices Market Trends
This section covers the major market trends shaping the Chile Cardiovascular Devices Market according to our research experts:
Electrocardiogram (ECG) is Expected to Dominate the Diagnostic And Monitoring Segment Over the Forecast Period
An electrocardiogram (ECG) records the electrical signals from the heart. It is a common and painless test used to detect heart problems and monitor the heart's health.
Currently, there are portable and compact electrocardiogram (ECG) is driving its greater adoption, especially in the home healthcare segment. Due to rising cases of cardiovascular diseases (CVD), wherein long-term ECG monitoring is necessary and with the introduction of wireless ECG, doctors can monitor and diagnose the patient remotely on time, which further fuels the market growth.
Furthermore, as per INE Chile, in 2017, circulatory disorders related to deaths were top among all deaths resulted in approximately 28,591 deaths in Chile. Therefore, the growing demand for minimally invasive surgeries and technological advancements is expected to drive the market in the near future.
Chile Cardiovascular Devices Industry Overview
The Chile cardiovascular devices market is consolidated competitive. The major players have established themselves in specific segments of the market. Some of the players who are currently dominating the market are Boston Scientific Corporation, Medtronic PLC, Siemens Healthineers AG, Phillips Healthcare, Nihon Kohden Corporation, Welch Allyn, Inc, and GE Healthcare.
Chile Cardiovascular Devices Market Leaders
Boston Scientific Corporation
Phillips Healthcare
Medtronic PLC
Siemens Healthineers AG
Nihon Kohden Corporation
*Disclaimer: Major Players sorted in no particular order
Chile Cardiovascular Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Burden of Cardiovascular Diseases
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4.2.2 Increased Preference of Minimally Invasive Procedures
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4.3 Market Restraints
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4.3.1 Stringent Regulatory Policies
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4.3.2 High Cost of Instruments and Procedures
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device Type
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5.1.1 Diagnostic and Monitoring Devices
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5.1.1.1 Electrocardiogram (ECG)
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5.1.1.2 Remote Cardiac Monitoring
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5.1.1.3 Other Diagnostic and Monitoring Devices
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5.1.2 Therapeutic and Surgical Devices
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5.1.2.1 Cardiac Assist Devices
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5.1.2.2 Cardiac Rhythm Management Device
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5.1.2.3 Catheter
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5.1.2.4 Grafts
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5.1.2.5 Heart Valves
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5.1.2.6 Stents
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5.1.2.7 Other Therapeutic and Surgical Devices
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Boston Scientific Corporation
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6.1.2 Medtronic PLC
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6.1.3 Siemens Healthineers AG
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6.1.4 Phillips Healthcare
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6.1.5 Nihon Kohden Corporation
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6.1.6 Welch Allyn, Inc
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6.1.7 Abbott Laboratories
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6.1.8 GE Healthcare
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Chile Cardiovascular Devices Industry Segmentation
As per the scope of the report, Cardiovascular diseases are a group of disorders of the heart and blood vessels that includes coronary heart disease, peripheral arterial disease, congenital heart disease, and cerebrovascular disease. The cardiovascular devices are used to treat or prevent different cardiovascular conditions. The Chile Cardiovascular Devices Market is segmented by device type.
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Chile Cardiovascular Devices Market Research FAQs
What is the current Chile Cardiovascular Devices Market size?
The Chile Cardiovascular Devices Market is projected to register a CAGR of 2.40% during the forecast period (2024-2029)
Who are the key players in Chile Cardiovascular Devices Market?
Boston Scientific Corporation, Phillips Healthcare, Medtronic PLC, Siemens Healthineers AG and Nihon Kohden Corporation are the major companies operating in the Chile Cardiovascular Devices Market.
What years does this Chile Cardiovascular Devices Market cover?
The report covers the Chile Cardiovascular Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chile Cardiovascular Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chile Cardiovascular Devices Industry Report
Statistics for the 2024 Chile Cardiovascular Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chile Cardiovascular Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
