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Market Entry - Adjuvant Industry in Chile: Analysis of Growth, Trends and Progress (2020 - 2025)

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About the Market

Increase in the prevalence of cancer, growing reimbursement initiatives by governments and insurance companies covering treatment for cancer, with growth in preference for the future prevention of cancer are some of the major drivers of this market. The overall market for oncology adjuvants is classified on the basis of applications such as chemotherapy, radiotherapy, immunotherapy etc. By diseases which are treated through adjuvants, this market is classified into breast cancer, colorectal cancer, sarcoma, Hodgkin’s lymphoma, glioblastoma, lung cancer, prostate cancer, and ovarian cancer. North America, followed by Europe dominates the global market for breast cancer treatment, due to increasing incidence of cancer cases and technological advancement in the region. Some of the market players in this industry include pharmaceutical manufacturers such as Amgen Inc., Eli Lilly Co., BMS, Biogen, AstraZeneca PLC, Sanofi, and Pfizer Inc.

About the Geography

Chile is recognized as one of the most stable, open and competitive economies in Latin America. With a presidential republic at its helm, the recent success of the Chilean economy is based on the export of copper.

With the continued drop in copper prices since 2014, Chile has experienced its second consecutive year of slow growth, elevated inflation and a depreciating currency. To counter this sluggish growth, Chile’s policymakers have been actively seeking foreign investment that shall provide the needed capital and technology for economic development. Chile withdrew from the ANCOM (Andean Common Market) in order to be free from restrictions on foreign investment. Regional incentives are available granting certain benefits, to promote investment in these areas and an all-round development of the country.

Negotiations made mostly in Spanish and weak IPR enforcement are challenges of conducting business in Chile. However, the strengths of the market, which include an open economy, commitment to free trade, a well-developed financial market and economic structure, seem to stand tall among these challenges.

 

Component Name

Unit

From Site

GDP

USD billion

240

GDP Annual Growth Rate

%

1.5

GDP Per Capita

USD

14626

Employment Rate

                               %         

55.26

Wages

USD/Month

374.858

Inflation Rate

%

3.1

Consumer Price Index (CPI)

Index Points

114

Interest Rate

%

3.5

Loans to Private Sector

USD million/billion

131.831 million

Balance of Trade

USD million/billion

146 USD million

Business Confidence

(No Units)

43.63

Manufacturing Production

%

2.4

Ease of Doing Business

(No Units)

48

Competitiveness Rank

(No Units)

33

Corruption Rank

(No Units)

23

Consumer Confidence

(No Units)

31.5

Consumer Spending

USD million/billion

29,630.824 million

Bank Lending Rate (Consumers)

%

6.88

Corporate Tax Rate

%

22.5

Sales Tax Rate

%

19

 

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

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