McEvoy and Farmer's Complete Guide to IVD Distribution in MexicoKalorama Premium In Vitro Diagnostic DatabaseSeptember 1, 2010 65 Pages - SKU: KLID2768446 |
| Countries covered: Mexico IVD companies are increasingly looking to Mexico, a growing market with a popuation of 111 million people, for additional market opportunities. Among northern hemisphere countries, Mexico's population and oil revenues have earned it a place on the list of most promising emerging IVD markets. Companies seeking to operate in this nation will want a roadmap of who distributes which IVD products and to whom. The Mexican economy followed the United States into recession, and while the IVD market has maintained modest growth, there has been a shift from private testing to the free or low-cost alternative of public testing. The public sector has been able to continue funding the majority of the market, but there may be problems next year due to the fall in the price of oil and an impending budget deficit. But then again, Mexico should follow the United States out of recession, so we remain cautiously optimistic about the IVD sector. McEvoy and Farmer's Complete Guide to IVD Distribution in Mexico, produced jointly with emerging IVD market experts McEvoy & Farmer, is the product of on-the-ground primary research of Mexican labs conducted in 2009. It is a top resource for anyone marketing an IVD product in Mexico today. Key information included in this report:
The Mexican market represents a significant opportunity for IVD companies. But actionable information about this emerging market is often difficult to obtain. Only with an exhaustive, on-the-ground research team can a company truly understand the Mexican market. Now, a resource is available that can make on-the-ground research available to all companies at a fraction of the cost. Published jointly with trusted emerging IVD market experts McEvoy and Farmer, this Kalorama report is a complete picture of the IVD market in Mexico today.
Although there are a number of challenges for diagnostic manufacturers to understand and overcome, the market for clinical diagnostics in Mexico (both reagents and instruments) is one of the most promising emerging markets in the world. |
Additional Information
The economy of Mexico is challenged by a recession, oil prices, and a falling exchange rate. Yet according to a new report from healthcare market research publisher Kalorama Information, Mexico is still attracting clinical diagnostic companies and showing modest growth. Mexico’s IVD market grew 75% between 2004 and 2009, according to the report McEvoy and Farmer’s Complete Guide to IVD Distribution in Mexico, which is a joint publication of Kalorama and emerging IVD market research firm McEvoy and Farmer.
Mexico followed the United States into recession, which has hurt the private side of the in vitro diagnostic market, according to the report. Most diagnostic tests in Mexico are publicly-funded, but the report notes there may be a strain on finances next year due to the fall in the price of oil and an impending budget deficit. The exchange rate has changed from 10.9 pesos per dollar in 2007 to the current level of nearly 13; a sixteen-percent decline over the past two years.
“The fall of the peso hurts because most IVD products are not manufactured in Mexico,” said Bruce Carlson, Publisher of Kalorama Information. “Still, the analysts see a good number of top-level manufacturers here, and they are betting that when the US comes out of recession, Mexico will follow.”
In the report, Kalorama Information and McEvoy and Farmer detail 18 manufacturers and 30 distributors that are currently competing in Mexico’s IVD market, including Abbott, BD and Bio-Rad.
McEvoy and Farmer’s Complete Guide to IVD Distribution in Mexico provides more information, including healthcare statistics, market size numbers for segments of the IVD market and information about distributors and what products they distribute in Mexico. The report can be found at: http://www.kaloramainformation.com/McEvoy-Farmer-Complete-2768446/.
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