Market Size of Chile Cardiovascular Devices Industry
| 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.
