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Latin America Medical Devices Report Q4 2017

BMI View: The Latin American medical device market will record high single-digit growth in weightedlocal currency terms, and will outperform the global market. The non-MERCOSUR region will continue tobe the best performer, despite threats posed by trade negotiations, particularly between Mexico and the US.The MERCOSUR region will be driven by Brazil, but hindered by market restrictions in Venezuela.

Latest Updates And Key Forecasts

We maintain our forecast and project that that the Latin American medical device market will grow at a2016-2021 CAGR of 8.6% in weighted local currency terms, substantially lower than the 2011-2016CAGR of 14.4%. This will reflect political turmoil in countries such as Brazil, Cuba and Venezuela,changing regional trade policies, slow economic recovery from 2017, slower demographic growth, effortsto control expenditure on non-communicable diseases, moderate health expenditure, slower importgrowth, domestic production geared towards the internal market with the exception of Mexico, andincreasing market competition.

BMI Industry View
Table: Medical Device Market Indicators, 2016-2021
Latest Updates And Key Forecasts
Industry Forecast
Latest Updates
Table: Medical Device Market By Sub-Region/Product Area, 2016-2021 (USDmn)
Structural Trends
Industry Risk/Reward Index
Industry Trends And Developments
Industry Round-Up
MERCOSUR Hindered By Headwinds In Venezuela And Brazil
Non-MERCOSUR Threatened By Trade Negotiations
Industry Trend Analysis
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Medical Devices Risk/Reward Index
Table: Medical Device Risk/Reward Index, Indicators

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