Since every crisis might be
seen as an opportunity, strategic measures must be taken in these days.
Emerging markets can be considered as a strategic target market to escape from the
international crisis. One region that is getting international medical device
investors is Latin America.
Because of cost advantages,
suppliers and medical OEMs are entering Latin America. The region expects a
growth by double digits in the coming years. Today, the Latin America medical
device market is worth U$10.5 billion and it is expected to reach US$20 billion
by 2015. The exports of Costa Rica’s medical device represented 11.8% of its
total exports of good. The government of Peru invested U$333 million to improve
public healthcare. In 2011, Colombia imported U$799.3 million in medical
equipment and supplies.
As for Brazil, the largest
market in Latin America, the exports of medical device reached US$555.1 million
in 2011. The growing of middle-income families and aging population makes
Brazil a special target. Despite of the expected growth in the medical device
industry, high import prices and a bifurcated public/private system could
impede a higher expansion.
References: http://www.mddionline.com/article/latin-americas-medtech-market-growing-double-digits-infographic
