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Latin America Medical Device Market Reports Product Image

Latin America Medical Device Market Reports

  • ID: 2553305
  • January 2014
  • Region: America, America (exc North), Latin America, United States
  • Espicom Business Intelligence Ltd

The medical device markets in Latin America are worth US$14.1 billion and are expected to register a high 2012-17 CAGR

The eight Latin American medical markets covered by Espicom Business Intelligence represent a market of 497 million people with a GDP of US$5.4 trillion in 2013. After a recent period of remarkable growth, economic growth in the region is expected to be steady in 2013, except in Venezuela, affected by a weakening local currency. The region is seeing all markets re-evaluate their health provision. Levels of service in the buoyant private health sector are among the best to be found, but the challenge is to provide better levels of basic healthcare to the mass of the population. Opportunities for manufacturers of medical equipment and supplies do exist, but it is knowing where and how to develop them. Brazil is the largest medical market, followed by Mexico, Venezuela, Colombia and Argentina.

With the exception of Brazil and Mexico, the medical regulatory environment in the region is less stable than in developed markets. These young markets have not matured yet, therefore their regulatory systems are being consolidated. Brazil and Mexico, however, have READ MORE >

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