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The Outlook for Medical Devices in Latin America
Date:12/1/2011

NEW YORK, Dec 1, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The Outlook for Medical Devices in Latin America

http://www.reportlinker.com/p0192647/The-Outlook-for-Medical-Devices-in-Latin-America.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Equipment_and_Supply

8 Key Markets Covered!

Argentina

Brazil

Chile

Colombia

Cuba

Mexico

Peru

Venezuela

The Medical Device markets in Latin America are worth US$10.5 billion and are still growing!

The eight Latin American medical markets covered by Espicom Business Intelligence represent a market of 485 million people with a GDP of US$5.2 trillion in 2011. The region is better prepared to face global instability than in the past, economic growth is expected to be steady in 2011, after a recent period of remarkable growth. The region is now 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, Columbia and Venezuela. Peru is the latest Latin American country to sign an FTA with the USA. Venezuela has tried to align neighbours into a separate bloc but these countries are reliant on US imports.

With the exception of Brazil and Mexico, the medical regulatory environment in the
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