Latin America's Medtech Market Growing by Double Digits (Infographic)

We chose Costa Rica to be close to our customers in Latin America,” said Andy Becker, VP and general manager of Helix’s Carpenteria, CA and Costa Rica operations. “The country offers a large medical device community with a skilled workforce as well as a good reputation for security and infrastructure.” If you had said we’d be making Class III devices in Mexico at Six Sigma levels a dozen years ago, people would have thought we were nuts,” J. Randall Keene, president and CEO of Avail, said. “Today, we can do it.” 0 50M 100M 150M 200M 0 5K 10K 15K 20K 10B 15B 20B 2012 2015 MedTech in Latin America KEY STATISTICS POPULATION AND GDP Current State and Outlook for 2013 The Latin American MedTech market represents 485 million people and a GDP of $5.2 trillion Cost-related advantages have drawn medical device OEMs to Mexico and Latin America Population GDP Per Capita The Medical Device market in Latin America is worth $10.5 billion and still growing! $ 10.5 Billion Exports of medical equipment and supplies in Mexico were valued at $6.2 billion in 2011 In 2011, exports of medical devices accounted for 3.0% of Costa Rica’s GDP and represented 11.8% of the total exports of goods (US $1.2 billion) In 2011, Colombia imported medical equipment & supplies valued at $799.3 million Venezuela is the third leading importer of medical equipment and supplies within Latin America. Total imports for 2012 $1.9 billion Brazil’s medical exports reached $555.1 million in 2011. Brazil has the largest economy and largest medical device market in Latin America. The government invested $333 million to improve Peru’s health establishments Chilean medical market for medical equipment and supplies $651.4 million There are approximately 500–600 million people, including a large pediatric population, across Latin America. Argentina Brazil Chile Colombia Mexico Peru Venezuela Argentina Chile Colombia Mexico Peru Venezuela The medical technology market has been growing at double-digit rates and is expected to reach $20 billion by 2015, according to Frost & Sullivan 485 Million $5.2 Trillion ubmcanon.com/medical Argentina has one of the highest percentages in the region aged 65 and over (11.1%, 4.6 million in 2012), a signiﬁcant customer base Brazil

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Infographic shows great growth opportunity in Latin America's medical technology market. With medical OEMs and suppliers increasingly entering Latin America because of cost advantages the region is expecting exponential growth in the coming years. According to Frost & Sullivan, the region's medical technology market (already worth $10.5 billion) is expected to reach $20 billion by 2015. The infographic below shows more key statistics for Latin America.

Transcript of Latin America's Medtech Market Growing by Double Digits (Infographic)

Page 1: Latin America's Medtech Market Growing by Double Digits (Infographic)

If you had said we’d be making Class III devices in Mexico at Six Sigma levels a dozen years ago, people would have thought we were nuts,” J. Randall Keene, president and CEO of Avail, said. “Today, we can do it.”

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MedTech in Latin America