BMI View: Economic growth and continued government investment in health infrastructure, including the establishment of new hospitals and health centres, will underpin moderate medical device market growth in Peru over the coming years, despite a slowdown in 2017 due to flooding and health infrastructure delays.
Lima will remain the most attractive area in the private sector, as the urban population has more disposable income to spend on medical devices.
Latest Updates And Key Forecasts
We maintain our forecast and project that the market will register a 2016-2021 CAGR of 6.1% in local currency terms and 8.7% in US dollar terms. Market growth will benefit from economic growth and government investment in key health infrastructure projects over the coming years, despite a slowdown in 2017, due to flooding and health infrastructure delays.