Eight Latin American medical device market opportunities flowing

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In Mexico, Brazil, Chile and Venezuela as the representative of South American countries in recent years rapid economic growth, Latin America has become a world economic growth Daxin power. Including the Caribbean countries, including Latin America there are 41 countries with a total population of about 500 million people. It is understood that some 23 countries in Latin American countries (mostly island) does not practice medical equipment management system. These include Angela Island, Andean and Barbuda, Aruba, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Dominican Republic, San Salvador, and so on. Of these countries, except for some British colonies, the medical device exporters as long as local health departments in registration of its products, you can output to the country free medical products. While the other 18 Latin American countries (the total population of about 90% of the total population of Latin America) is basically developed their own medical device product management system. These countries include Argentina, Brazil, Bolivia, Chile, Colombia, Costa Rica, Cuba, Ecuador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru, Puerto Rico Valley, Uruguay and Venezuela.

Incidentally, the Paraguayan government departments last year, just started to develop products for the import of medical equipment management system of the draft. Compared with European countries, Latin American countries, medical equipment management system is relatively generous allotment. Even countries like Brazil and Mexico in Latin America such a big country, and its imports of medical equipment management system is also trump northern neighbor – the United States as strict. As Brazil, Mexico, Argentina, Venezuela and Chile and other Latin American major economies in the past 10 years economic development well, making it the health sector in the import of medical equipment products have sufficient funds, it is commonly used in hospital equipment and equipment imports increase in number. Latin America has now become an international medical device manufacturers hot new export markets. According to foreign media related news, I now eight major Latin American economies, the medical device market in 2010 for a brief overview of the situation.

It is well-known international consulting firm Datamonitor released a material disclosure in 2010, eight major economies in Latin America\\ s GDP will reach $ 4.2 trillion total GDP. About 2.8 times in Africa and Asia (excluding Japan) of 40%. The eight Latin American countries, a combined population of 484 million. After 2007 and 2008 after the international financial crisis, Latin America\\ s major economies, the national economy recovered well, GDP generally increased from 1 to 3 percentage points. Particularly Colombia, the international financial crisis in 2008, the GDP fell nearly 3 percent, after two years of adjustment, the national economy has been restored to 2007 levels, and a slight increase. Mexico, Brazil, Venezuela and Chile and other Latin American countries and oil-exporting mineral major economic growth momentum. Mexico has become Latin America\\ s largest importer of medical devices. Followed by Brazil, Colombia, Venezuela, Argentina and Chile. Although Brazil is Latin America\\ s largest country, but in the past few years, the country\\ s total amount of imported medical products are only slightly more than half of Mexico.

Argentina

In 2002, Argentina has experienced a domestic economic crisis, the national currency – the peso dollar once fell to 8 to 9 pesos. But after several years of restoration, in 2010 the Argentine peso exchange rate to revert to the United States 10 years ago, ie $ 1 for 3.9 pesos. Argentina\\ s medical device industry is relatively weak, so most of the products needed equipment imported from abroad. It is estimated that the medical device market in Argentina 500 million to 600 million dollars, the equivalent of 1.9 billion to 23 billion pesos.

Brazil

Brazil is Latin America\\ s most populous country, the region\\ s most developed industrial countries. Brazil\\ s medical device market in 2010, total sales of $ 2.631 billion, second only to the size of Mexico, ranked second in Latin America. Brazil has a relatively comprehensive medical device industry, it is less than the number of imported medical equipment in Mexico. Brazilian medical products export growth for three consecutive years, more than 28%, indicating that the country\\ s medical device industry, export-oriented high level.

Chile

Chile\\ s per capita GDP the highest in Latin America (approximately more than 6000 U.S. dollars), so the government for funding for the import of medical products is very abundant. In 2010, the country\\ s health sector totaled $ 453 million of imports of medical equipment and device products, primarily in Latin America are imported medical equipment market.

Columbia

Colombia is the third most populous country in Latin America. The national economic output in 2010 will reach $ 250 billion. But the country\\ s medical device industry level is not high, so the health sector needed to import medical equipment products. Colombia, in 2010 the total imports of medical equipment will amount to $ 620.3 million.

Mexico

Mexico medical equipment market in Latin America called the \"leader.\" Since 2010 the country\\ s medical device market value of $ 2.7 billion, even more than many of its population than Brazil (Note: the Brazilian population of 186 million, and Mexico 106.9 million). The biggest difference between the Department for Mexico medical equipment mainly imported products (mainly the U.S. product), while Brazil is able to achieve self-sufficiency, only CT, MRI and other high-end diagnostic equipment need imported from overseas. As early as ten years ago, Mexico joined NAFTA already, so the United States and Canada, North America, including the production of medical devices can be developed unimpeded access to the Mexican market, resulting in today\\ s medical device market, the Mexican American products dominate the world the situation.

Peru

According to foreign reports, the medical device market in Peru in 2010 the total size of $ 229 million, as eight major Latin American economies, the \"bottom of the country.\" But Peru\\ s medical device market is the fastest growing countries in Latin America market. According to statistics, the import growth rate of the medical device market in Peru has more than 10% for three consecutive years. Because Peru is a major exporter of minerals, so little by the international financial crisis, and its population of 7.6 million fully integrated into the national health insurance, universal health insurance health authorities to implement the country\\ s imports of medical products to expand the foundation.

Venezuela

Venezuela is the main oil-exporting countries in Latin America. As the soaring international oil prices in recent years, the Venezuelan government in the hands hold a lot of petrodollars. It is understood that in 2010, Venezuela imported a total of 7.86 billion dollars in medical devices, the number second only to Mexico. But Venezuela\\ s population is only the latter less than 1 / 3. Thus, if the amount of per capita imports of medical equipment calculated Venezuela ranking Latin American countries should be the first. The future of China\\ s medical device manufacturers should increase the rich Venezuela and other Latin American market development efforts for products to export more to the Latin American market.

Cuba

Cuba\\ s total population currently has 1125 people, many in the Caribbean island nation in the first place. Cuba is a small, but its industrial output value close to Colombia and other South American countries. As has long been subjected to the U.S. economic blockade, Cuba has only primary medical equipment production capacity, most devices still imported from abroad. Cuba and Venezuela and other oil-rich Latin American relationship better. Last year and this year, Venezuela has been for 2 years a lot of oil to Cuba, and Cuban medical products and places to send medical teams, etc. return Venezuela (Cuba\\ s medical standards are high). Because the United States cut off any financial dealings with Cuba, it is necessary Cuba CT, MRI and other high-end equipment, mostly from EU countries. It is estimated that Cuba\\ s medical device market is roughly $ 300 million, of which imports about 20%. As China\\ s friendly country, the Cuban government last year, the Chinese government $ 350 million long-term low-interest loans, part of which is used to pay for imported products of China\\ s medical equipment costs.

According to Datamonitor consulting firm reported that the eight major Latin American economies between 2008 and 2013 the average annual growth rate of medical equipment market will reach 4.6%. To 2013, the eight countries of the medical device market value will reach $ 9.2 billion or higher. In short, Latin American countries are generally good recovery the national economy, the overall upward trend. Latin American market is expected to become China\\ s medical device industry, new export markets, its growth is very broad.

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