Brazil and Mexico have significant potential for global medical device technologies market growth
According to a report published by Persistence Market Research, Brazil and Mexico have significant potential for medical device technologies market growth involving software solutions, imaging, biological derived devices, diagnostic equipment, aesthetic and respiratory, in vitro diagnostics (IVD), dental, electromechanical medical and therapeutic radiation. The paramount aspects behind the expected growth in these South American nations include reforming medical infrastructure and high disposable income. North America is expected to lead the world in terms of market share owing to technological advancements and a number of major global players located in the country. Europe would follow North America due to rising elderly population and government policies fueling the market growth. Japan, China and India are likely to grow fastest based due to factors such as increasing population, lifestyle changes and adaptation of newer technology. The major global key players of this market are Abbott Laboratories, Becton Dickinson, GE Healthcare, Biomerica, BioMerieux, Novartis, Johnson & Johnson, Olympus Corporation, Qiagen, Siemens, Thermo Fischer Scientific, and Zenith Healthcare.
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