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Rising Disease Prevalence Boosts Mexican Healthcare Industry, Finds Frost & Sullivan
Date:3/14/2013

BUENOS AIRES, Argentina, March 14, 2013 /PRNewswire/ -- Unhealthy and sedentary lifestyles as well as increased consumption of manufactured food have taken a toll on the general health of Mexico's population, causing a spurt in diseases. From 2011 to 2030, the country's diabetic population is expected to increase by 2.3 percent per year, which is higher than the 2.1 percent average for the top 10 countries with the biggest population of diabetics.

New analysis from Frost & Sullivan (http://www.healthcare.frost.com), Healthcare Landscape, Outlook, and Growth Opportunities in Mexico 2011-2015, finds that the healthcare market was worth an estimated $18.15 billion in 2011 and this is expected to grow to $22.66 billion by 2015.

"Healthcare expenditure, as a percentage of the Mexican Gross Domestic Product (GDP), increased from 5.8 percent in 2008 to 13.8 percent in 2011, at a compound annual growth rate of 33.5 percent," said Frost & Sullivan Industry Analyst Federico Baguear . "This represents a huge opportunity for pharmaceutical companies to develop specific drugs for the most prominent pathologies and for their prevention."

Medical devices and mobile Health will cover the needs of the population reached by pathologies like diabetes, which allow patients to perform self-assessments evaluations through glucometers, thermometers and cardiac rhythm monitoring among others.

From 2010 and 2017, pharmaceutical patent expiries for a value of $150.0 billion will create significant opportunities for generics and biosimilars. Mexico is already the second-largest pharmaceutical market in Latin America, and ranks sixth among seven emerging countries: Brazil, India,
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SOURCE Frost & Sullivan
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