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    Market Medical Device

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    martins0105
    The medical device and equipment market in Latin America was worth an estimated $29 billion in 2016, with 85-90% of the market from imports. Peru's market grew steadily from 2014-2016, with a 13% increase in units and a stable market value of around $435 million. CT scanners, X-rays, and radiotherapy equipment saw consistent growth in both units and value during this period, making it the only modality to see uninterrupted growth. The Peruvian government has invested over $2.6 billion to expand healthcare coverage by 2017, which will provide opportunities for medical equipment and device companies.

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    Market Medical Device

    Uploaded by

    martins0105
    71 views6 pages
    The medical device and equipment market in Latin America was worth an estimated $29 billion in 2016, with 85-90% of the market from imports. Peru's market grew steadily from 2014-2016, with a 13% increase in units and a stable market value of around $435 million. CT scanners, X-rays, and radiotherapy equipment saw consistent growth in both units and value during this period, making it the only modality to see uninterrupted growth. The Peruvian government has invested over $2.6 billion to expand healthcare coverage by 2017, which will provide opportunities for medical equipment and device companies.

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    market Medical Device

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    The medical device and equipment market in Latin America was worth an estimated $29 billion in 2016, with 85-90% of the market from imports. Peru's market grew steadily from 2014-2016, with a 13% increase in units and a stable market value of around $435 million. CT scanners, X-rays, and radiotherapy equipment saw consistent growth in both units and value during this period, making it the only modality to see uninterrupted growth. The Peruvian government has invested over $2.6 billion to expand healthcare coverage by 2017, which will provide opportunities for medical equipment and device companies.

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    © All Rights Reserved
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    71 views6 pages

    Market Medical Device

    Uploaded by

    martins0105
    The medical device and equipment market in Latin America was worth an estimated $29 billion in 2016, with 85-90% of the market from imports. Peru's market grew steadily from 2014-2016, with a 13% increase in units and a stable market value of around $435 million. CT scanners, X-rays, and radiotherapy equipment saw consistent growth in both units and value during this period, making it the only modality to see uninterrupted growth. The Peruvian government has invested over $2.6 billion to expand healthcare coverage by 2017, which will provide opportunities for medical equipment and device companies.

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    Latin America

    Medical Device and


    Equipment Market

    www.globalhealthintelligence.com
    Intro

    Latin America’s medical equipment, device and


    consumables market was worth an estimated US$ 29
    billion in 2016. Imports accounted for 85%-90% of this
    market, with limited production for the local market in Brazil,
    Mexico, Argentina and Costa Rica. As a result, the market
    has had a high exposure to currency fluctuations and lost
    significant purchasing power due to foreign exchange rate
    devaluations across the region in 2015 and 2016.

    6 www.globalhealthintelligence.com
    IMPORT TRENDS ACROSS MAJOR MARKETS
    3,5

    3,0

    2,5
    Number of untis, billions

    2,0

    1,5

    1,0

    0,5

    0
    BrazilM exico Colombia Argentina Peru

    2014 2015 2016

    www.globalhealthintelligence.com 7
    5.
    Peru’s medical device and
    equipment market

    While being the smallest of the five major l Similarly, Electrocardiographs, Ultrasound
    healthcare markets in Latin America, Peru has machines, and MRIs, along with syringes,
    demonstrated steady and consistent growth catheters and needles experienced a 14%
    from 2014 to 2016. The Peruvian market increase in units and a modest 1% increase in
    exhibited 13% growth from 2014 to 2016, going pricing.
    from 333 million units to 428 million units. The
    market value, meanwhile, remained stable The Peruvian government has been focused
    at just over $435 million, indicative of the on expanding the coverage of the healthcare
    Peruvian Sol’s depreciation and cost pressures sector since 2015, with plans to invest over
    being faced by manufacturers and distributors $2.6 billion by year end 2017. Through
    across the region. this effort, we will continue to see growing
    infrastructure, resulting in opportunities for
    Amidst these headwinds, two modalities still medical equipment manufacturers, device
    exhibit success: providers and consumables companies.

    l CT scanners, X-Ray machines and


    Radiotherapy equipment grew at a 4% CAGR
    in number of units from 2014 to 2016f, with a
    5% CAGR increase in value during the same
    period, reaching $54 million. This was the only
    modality to experience uninterrupted growth
    for the three-year period.

    16 www.globalhealthintelligence.com
    PERUVIAN IMPORTS BY MODALITY

    $500

    $445 m $435 m $438 m


    $450
    4% 4% Breathing appliances and gas masks
    1% 4% 1%
    3% 1% 3%
    $400 4% 4%
    4% 4% Machines for testing metals
    2% 2% 2%
    $350 11% 12% Thermometers and pyrometers
    11%
    Human or animal anatomy models
    $300 11%
    10% 10%
    US$, Millions

    Massage equipment, Ozone therapy, Oxygen


    $250 17% 15%
    17%
    CT scanners, X-Ray machines,
    $200 Radiography/Radiotherapy equipment

    Gas meters, Heat meters


    $150
    39% 40% Instruments for physical or chemical analysis
    38%
    $100
    Electrocardiographs, Ultrasounds, MRI, Syringes,
    Needles, Catheters, Canulas
    $50

    8% 8% 9%
    joints, Heart valves, Hearing aids, Pacemakers
    $0
    2014 2015 2016f

    www.globalhealthintelligence.com 17
    Global Health Intelligence is a market research consultancy focused on the Healthcare market.
    To find out how we can help you grow in international markets, please contact:

    Mariana Romero
    Account Manager
    mariana@globalhealthintelligence.com
    +1 (305) 441-9300 x308

    Guillaume Corpart
    Managing Director
    gc@globalhealthintelligence.com
    +1 (305) 441-9300 x302

    www.globalhealthintelligence.com

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