The Medical Device Market: Peru

Published : April 2013
No. of Pages : 64

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Peru is often overlooked when discussing the rapid-growth economies of South America. While it has neither the size nor the wealth of Brazil or Argentina, the country has recorded strong economic growth in recent years, except in 2009, when economic growth was very modest, reflecting global economic issues. Between 2012 and 2017, GDP is expected to rise every year, reaching a projected US$286.5 billion in 2017. Per capita wealth has risen, especially in and around Lima. This has led to the emergence of a sizeable urban population which demands improved healthcare, and increasingly has the ability to pay for it. Per capita GDP is projected to rise from US$6,530 in 2012 to US$8,838 in 2017.

The Peruvian medical device market is one of the smallest in Latin America, and per capita consumption is low by regional standards. Decent levels of spending can be found in Lima but provision in the rest of the country is far less. In 2012, the market is estimated at US$311.7 million, equal to US$10.1 per capita. Diagnostic imaging apparatus accounts for 30.8% of the market, followed by consumables (19.6%), patiend aids (6.9%), orthopaedic & prosthetic products (6.5%), dental products (6.4%) and othe medical products (29.7%). The 2012-17 CAGR for the medical device market is projected at 15.6% in US dollar terms.

Peru produces very little medical equipment, so the vast majority of the market is supplied by imports. Medical device imports increased by 14.3% in US dollar terms in the 12 months to March 2012, reaching US$269.6 million. Growth was strong for patient aids, orthopaedic & prosthetic products and other medical products, which registered rises of 40.6%, 35.8% and 25.5% in US dollar terms, respectively. Growth was moderate for consumables, diagnostic imaging apparatus and dental products, which recorded rises of 7.5%, 3.8% and 3.1% in US dollar terms, respectively.

Peru has very little domestic manufacturing, and few multinationals have plants there. Medical device exports are negligible. They increased by 50.1% in US dollar terms in the 12 months to March 2012, reaching US$9.2 million. All product categories increased in the period, except patient aids. The leading product category in the period was consumables, which rose by 66.3% in US dollar terms, reaching US$5.4 million. In 2011, the top five destinations for medical devices were the USA, Argentina, Chile, Nicaragua and Venezuela.

Table Of Contents

Executive Summary 1
Key Background Data 4
Geographic 4
Political 4
Economic 4
Healthcare System 5
Public Providers 5
Essalud 5
FFAA 6
MINSA 6
PNP 7
Non-Public Providers 7
Aid Projects 8
IDB/WB Health Reform Programme 8
WB Results & Accountability (REACT) Development Policy Loan (DPL) 8
Health Expenditure 8
Market D velopments 10
Development of a New Healthcare Reform 10
Implementation of the “Vuelve a Sonreir” Programme” 10
High Medical Market CAGR 10
High Medical Import Growth 10
Negligible Medical Exports, Growing Fast 10
Continuing Medical Regulatory Developments 10
Medical Market Analysis 11
Overview 11
The Market in 2012 12
Past Performance 2007-11 13
Future Performance 2012-17 14
The Peruvian Market for Consumables 20
The Peruvian Market for Diagnostic Imaging 22
The Peruvian Market for Dental Products 24
The Peruvian Market for Orthopaedic & Prosthetic Products 26
The Peruvian Market for Patient Aids 28
The Peruvian Market for Other Medical Devices 30
Annual Imports 32
Consumables 33
Diagnostic Imaging Apparatus 33
Dental Products 33
Orthopaedic & Prosthetic Products 33
Patient Aids 33
Monthly Imports 42
Annual Exports 43
Consumables 44
Diagnostic Imaging Apparatus 44
Dental Products 44
Orthopaedic & Prosthetic Products 44
Patient Aids 44
Monthly Exports 53
Domestic Production 54
Production 54
Trade Associations 54
Comsalud 54
SNI 55
Multinational Activity 56
Accessing the Market 57
Pricing & Reimbursement 57
Distribution 57
Trade Fair 57
Tecnosalud 57
Medical Device Regulations 58
Competent Authority 58
Regulations 58
Sanitary Registration 59
Methodology & Sources 61
Trade Code Classifications 61
Methodology 63
Sources 64

List Of Tables

Espicom Analysis of the Peruvian Medical Market, 2013 2
SWOT Analysis of the Peruvian Medical Device Market, 2013 3
Key Economic Projections, 2013-18 4
MINSA’s Departments, 2011 6
MINSA’s Decentralised Institutions & Institutes, 2011 6
MINSA’s DISAs & DIRESAs, 2011 7
Summary of Key Data, 2006-12 9
Peruvian Medical Device Market, Key Ratios, 2012 11
Peruvian Medical Device Market by Category, 2012 12
Projected Medical Device Market, 2012-17 14
The Peruvian Medical Device Market, 2007-17 (US$ Millions) 15
The Peruvian Medical Device Market, 2007-17 (US$ per Capita) 17
The Peruvian Medical Device Market, 2007-17 (% of Total) 18
The Peruvian Medical Device Market, 2007-17 (% Change) 19
The Peruvian Consumables Market, 2007-17 (US$ Millions) 20
The Peruvian Consumables Market, 2007-17 (US$ per Capita) 20
The Peruvian Consumables Market, 2007-17 (% Change) 20
The Peruvian Diagnostic Imaging Market, 2007-17 (US$ Millions) 22
The Peruvian Diagnostic Imaging Market, 2007-17 (US$ per Capita) 22
The Peruvian Diagnostic Imaging Market, 2007-17 (% Change) 23
The Peruvian Dental Products Market, 2007-17 (US$ Millions) 24
The Peruvian Dental Products Market, 2007-17 (US$ per Capita) 25
The Peruvian Dental Products Market, 2007-17 (% Change) 25
The Peruvian Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Millions) 26
The Peruvian Orthopaedic & Prosthetic Products Market, 2007-17 (US$ per Capita) 26
The Peruvian Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 27
The Peruvian Patient Aids Market, 2007-17 (US$ Millions) 28
The Peruvian Patient Aids Market, 2007-17 (US$ per Capita) 28
The Peruvian Patient Aids Market, 2007-17 (% Change) 28
The Peruvian Market for Other Medical Devices, 2007-17 (US$ Millions) 30
The Peruvian Market for Other Medical Devices, 2007-17 (US$ per Capita) 30
The Peruvian Market for Other Medical Devices, 2007-17 (% Change) 30
Summary of Medical Equipment Imports by Product Area, 2007-11 (US$000s) 33
Summary of Medical Equipment Imports by Product Area, 2007-11 (% Change) 34
Summary of Medical Equipment Imports by Product Area, 2007-11 (PEN 000s) 34
Summary of Medical Equipment Imports by Product Area, 2007-11 (% Change) 35
Summary of Medical Equipment Imports by Product Area, 2007-11 (% Total) 36
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 37
Leading Medical Equipment Suppliers by Product Area, 2011 (%) 37
Top 20 Medical Equipment Suppliers to the Peruvian Market, 2011 (US$000s) 38
Detailed Medical Equipment Imports, 2007-11 (US$000s) 39
Detailed Medical Equipment Imports, 2007-11 (Growth Trends) 40
Detailed Medical Equipment Imports, Leading Suppliers, 2011 (US$000s) 41
Monthly Medical Equipment Imports, September 2009-March 2012 (US$ Millions) 42
Summary of Medical Equipment Exports by Product Area, 2007-11 (US$000s) 44
Summary of Medical Equipment Exports by Product Area, 2007-11 (% Change) 45
Summary of Medical Equipment Exports by Product Area, 2007-11 (PEN 000s) 45
Summary of Medical Equipment Exports by Product Area, 2007-11 (% Change) 46
Summary of Medical Equipment Exports by Product Area, 2007-11 (% Total) 47
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 48
Leading Medical Equipment Destinations by Product Area, 2011 (%) 48
Top 20 Destinations for Peruvian Medical Equipment Exports, 2011 (US$000s) 49
Detailed Medical Equipment Exports, 2007-11 (US$000s) 50
Detailed Medical Equipment Exports by Product Area, 2007-11 (Growth Trends) 51
Detailed Exports, Leading Medical Equipment Destinations, 2011 (US$000s) 52
Monthly Medical Equipment Exports, September 2009-March 2012 (US$ Millions) 53
Members of COMSALUD, 2013 54
HS Trade Codes Used in This Report 61
HS Trade Codes, Rearranged 62

List Of Charts

Peruvian Medical Device Market by Category, 2012 (%) 12
Change in the Peruvian Medical Device Market, 2007-17 (%) 13
CAGR of the Peruvian Medical Device Market by Product Area, 2007-11 (%) 13
Market Projections, 2012-17 (US$ Millions) 14
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 15
The Peruvian Market for Consumables, 2007-17 (US$ Millions) 21
The Peruvian Market for Consumables, 2007-17 (CAGR) 21
The Peruvian Market for Diagnostic Imaging, 2007-17 (US$ Millions) 23
The Peruvian Market for Diagnostic Imaging, 2007-17 (CAGR) 24
The Peruvian Market for Dental Products, 2007-17 (US$ Millions) 25
The Peruvian Market for Dental Products, 2007-17 (CAGR) 26
The Peruvian Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ Millions) 27
The Peruvian Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 27
The Peruvian Market for Patient Aids, 2007-17 (US$ Millions) 29
The Peruvian Market for Patient Aids, 2007-17 (CAGR) 29
The Peruvian Market for Other Medical Devices, 2007-17 (US$ Millions) 31
The Peruvian Market for Other Medical Devices, 2007-17 (CAGR) 31
Imports of Medical Equipment & Supplies, 2001-11 32
Change in Imports of Medical Equipment & Supplies, 2002-11 (%) 32
CAGR of Medical Equipment Imports by Product Area, 2007-11 (%) 35
Medical Equipment Imports by Product Area, 2011 (%) 36
Leading Medical Equipment Suppliers, 2011 (%) 38
Medical Equipment Exports, 2001-11 (US$ Millions) 43
Change in Medical Equipment Exports, 2002-11 (%) 43
CAGR of Medical Exports by Product Area, 2007-11 (%) 46
Medical Equipment Exports by Product Area, 2011 (%) 47
Leading Medical Equipment Destinations, 2011 (%) 49

The Medical Device Market: Peru

Published By: Espicom Limited

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