Forecast: Hip Replacement Procedure in Chile

The data for hip replacement procedures in Chile shows variability over the years. In 2023, the value stood at 4.1 units per thousand persons aged 65+. The year-on-year variation in 2023 indicated a 10.81% increase. Comparing the last two years, 2023 saw a higher growth rate than 2022, which was at 15.63%. The 5-year CAGR leading up to 2023 was 1.01%, highlighting a moderate uptrend.

Between 2013 and 2023, the highest growth was observed in 2017 and 2019 with notable dips in 2014, 2018, and significantly in 2020 due to external factors like the pandemic. The future (2024-2028) forecasts stable values at 4.1 units per thousand persons aged 65+.

Future trends to watch for:

  • Stability in procedure rates, with a consistent value of 4.1 units per thousand persons aged 65+ from 2024 to 2028.
  • Potential external factors, such as healthcare policy changes or technological advancements, that could disrupt or enhance the forecasted stability.
  • Increasing healthcare accessibility and quality, which might impact the frequency of procedures positively.

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