Chile Cardiovascular Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Chile Cardiovascular Devices Market is segmented by device type (Diagnostic and Monitoring Devices and Therapeutic and Surgical Devices).

Market Snapshot

Market Snapshot1
Study Period:

2018 - 2026

Base Year:

2019

CAGR:

2.4 %

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Market Overview

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.

Scope of the report

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.

By Device Type
Diagnostic and Monitoring Devices
Electrocardiogram (ECG)
Remote Cardiac Monitoring
Other Diagnostic and Monitoring Devices
Therapeutic and Surgical Devices
Cardiac Assist Devices
Cardiac Rhythm Management Device
Catheter
Grafts
Heart Valves
Stents
Other Therapeutic and Surgical Devices

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Key Market Trends

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 cardio key trend 2.png

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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Burden of Cardiovascular Diseases

      2. 4.2.2 Increased Preference of Minimally Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Policies

      2. 4.3.2 High Cost of Instruments and Procedures

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Diagnostic and Monitoring Devices

        1. 5.1.1.1 Electrocardiogram (ECG)

        2. 5.1.1.2 Remote Cardiac Monitoring

        3. 5.1.1.3 Other Diagnostic and Monitoring Devices

      2. 5.1.2 Therapeutic and Surgical Devices

        1. 5.1.2.1 Cardiac Assist Devices

        2. 5.1.2.2 Cardiac Rhythm Management Device

        3. 5.1.2.3 Catheter

        4. 5.1.2.4 Grafts

        5. 5.1.2.5 Heart Valves

        6. 5.1.2.6 Stents

        7. 5.1.2.7 Other Therapeutic and Surgical Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Medtronic PLC

      3. 6.1.3 Siemens Healthineers AG

      4. 6.1.4 Phillips Healthcare

      5. 6.1.5 Nihon Kohden Corporation

      6. 6.1.6 Welch Allyn, Inc

      7. 6.1.7 Abbott Laboratories

      8. 6.1.8 GE Healthcare

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Chile Cardiovascular Devices Market market is studied from 2018 - 2026.

The Chile Cardiovascular Devices Market is growing at a CAGR of 2.4% over the next 5 years.

  • Boston Scientific Corporation
  • Phillips Healthcare
  • Medtronic PLC
  • Siemens Healthineers AG
  • Nihon Kohden Corporation

Are the major companies operating in Chile Cardiovascular Devices Market.

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