Chile: Medical Instruments Market 2025

Medical Instruments Market Size in Chile

In 2022, after three years of growth, there was significant decline in the Chilean medical instruments market, when its value decreased by -31% to $X. In general, consumption recorded a sharp reduction. Medical instruments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Instruments Exports

Exports from Chile

Medical instruments exports from Chile contracted sharply to X tons in 2022, dropping by -19.2% against 2021 figures. Overall, exports, however, recorded a temperate increase. The growth pace was the most rapid in 2015 with an increase of 88%. The exports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, medical instruments exports rose notably to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for medical instruments exports from Chile, accounting for a 40% share of total exports. Moreover, medical instruments exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.6% per year) and Argentina (+36.8% per year).

In value terms, the United States ($X) remains the key foreign market for instruments used in medical sciences exports from Chile, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Argentina, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and Argentina (+25.4% per year).

Export Prices by Country

The average medical instruments export price stood at $X per ton in 2022, with an increase of 39% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per ton) and Colombia ($X per ton), while the average price for exports to Argentina ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Chile

In 2022, after three years of growth, there was significant decline in supplies from abroad of instruments used in medical sciences, when their volume decreased by -31.8% to X tons. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 175% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, medical instruments imports expanded markedly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of medical instruments imports to Chile, together accounting for 57% of total imports. Mexico, Japan, France, Italy, Ireland, Switzerland, Israel, Costa Rica, the UK and Poland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +18.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest medical instruments suppliers to Chile, with a combined 57% share of total imports. Mexico, Japan, France, Italy, Ireland, Switzerland, Israel, Costa Rica, the UK and Poland lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Ireland, with a CAGR of +37.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical instruments import price stood at $X per ton in 2022, jumping by 55% against the previous year. In general, the import price recorded significant growth. The most prominent rate of growth was recorded in 2017 an increase of 2,720%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the UK ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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