{"id":6960,"date":"2017-10-06T19:06:55","date_gmt":"2017-10-06T19:06:55","guid":{"rendered":"https:\/\/globalhealthintelligence.com\/?p=6960\/"},"modified":"2026-02-16T12:20:27","modified_gmt":"2026-02-16T18:20:27","slug":"the-5-biggest-healthcare-growth-markets-in-latin-america","status":"publish","type":"post","link":"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/the-5-biggest-healthcare-growth-markets-in-latin-america\/","title":{"rendered":"The 5 Biggest Healthcare Growth Markets in Latin America"},"content":{"rendered":"<p>Despite the recent economic downturn, a number of sectors in <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/free-infographic-on-health-trends-in-latin-america\/\" target=\"_blank\" rel=\"noopener\">Latin America<\/a>\u2014particularly health\u2014have strong projected growth in the coming years. Among the top healthcare market growth sectors for Latin America are:<\/p>\n[thrive_leads id=&#8217;7632&#8242;]\n<ul>\n<li><strong>Cardiac assist devices:<\/strong> a compound adjusted growth rate (CAGR) of <a href=\"http:\/\/amiperspectiva.americasmi.com\/12-more-growth-markets-in-latin-america-for-2017\/\" target=\"_blank\" rel=\"noopener noreferrer\">11.65% between now and 2021<\/a><\/li>\n<li><strong>Medical gases and equipment:<\/strong> a CAGR of <a href=\"http:\/\/www.marketsandmarkets.com\/PressReleases\/latin-america-medical-gases-equipment.asp\" target=\"_blank\" rel=\"noopener noreferrer\">10.2% between now and 2020<\/a><\/li>\n<li><strong>Home healthcare market:<\/strong> a CAGR of 8.7% between <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/news\/latin-americas-home-healthcare-devices-market-expected-to-reach-usd-17550-million-by-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">now and 2020<\/a><\/li>\n<li><strong>Medical power supply devices:<\/strong> a CAGR of <a href=\"http:\/\/www.marketdataforecast.com\/market-reports\/latin-america-medical-power-supply-devices-market-64\/\" target=\"_blank\" rel=\"noopener noreferrer\">6.85% between now and 2020<\/a><\/li>\n<li><strong>Neurovascular devices market:<\/strong> a CAGR of <a href=\"http:\/\/markets.businessinsider.com\/news\/stocks\/Neurovascular-Devices-Market-will-grow-at-4-1-CAGR-to-cross-2-3-Bn-USD-by-2024-1002279183\" target=\"_blank\" rel=\"noopener noreferrer\">5.5% between now and 2024<\/a><\/li>\n<\/ul>\n<p>Overall, in 2016 the Latin American market for medical devices and equipment was worth an <a href=\"https:\/\/globalhealthintelligence.com\/wp-content\/uploads\/2017\/06\/ghi-hc-market-size-argentina-20170313.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">impressive US$29 billion<\/a>.<\/p>\n<p>Here are some of the specific LatAm healthcare markets that are the big contributors to the overall region\u2019s growth.<\/p>\n<h3><strong>BRAZIL<\/strong><\/h3>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/2018-brazilian-health-market-outlook\/\" target=\"_blank\" rel=\"noopener\">Brazil<\/a> has faced the unique situation in recent years of an economic downturn, coupled with a rising demand for cutting-edge healthcare equipment. However, the money just wasn\u2019t there for institutions to purchase the needed supplies. That seems to be changing, however, as 2016 saw the Brazilian <em>real<\/em> gradually gain value against the dollar and we started seeing growth in 2017 in areas such as<a href=\"http:\/\/amiperspectiva.americasmi.com\/top-consumer-hotspots-in-latin-america\/\" target=\"_blank\" rel=\"noopener noreferrer\"> cars, smartphones and books<\/a>. The same growth has happened with the healthcare sector in Brazil.<\/p>\n<p>Some recent healthcare growth areas in Brazil include:<\/p>\n<ul>\n<li><strong>Medical Expenditure:<\/strong> The overall projection is CAGR of <a href=\"https:\/\/www.medicalplasticsnews.com\/news\/what%E2%80%99s-behind-brazil%E2%80%99s-medtech-success\/\" target=\"_blank\" rel=\"noopener noreferrer\">5.8% between now and 2020<\/a><\/li>\n<li><strong>Biomaterials:<\/strong> Set to grow at a CAGR of 18.3% between now and 2022 to reach <a href=\"https:\/\/globenewswire.com\/news-release\/2017\/05\/22\/994429\/0\/en\/Biomaterials-Market-in-Brazil-Will-Reach-USD-5-18-billion-in-2022-Zion-Market-Research.html\" target=\"_blank\" rel=\"noopener noreferrer\">US$5.18 billion<\/a> after having a value of US$1.89 billion in 2016<\/li>\n<li><strong>Pharmaceuticals:<\/strong> Projected to grow with a CGR of 3.5% between now and 2021, increasing in value from US$25.3 billion in 2016 to US$29.9 billion in 2021<\/li>\n<\/ul>\n[thrive_leads id=&#8217;7635&#8242;]\n<h3><strong>MEXICO<\/strong><\/h3>\n<p>Mexico faced a similar economic downturn in 2015 and 2016, but the demand for medical equipment was so high that the market kept on chugging right through this downturn. The overall market grew from 2.0 billion units sold in 2014 to 2.4 billion units in 2016. This means that the medical equipment\/devices and consumables market in Mexico grew by 8.8% YOY between 2014 and 2016. In addition, the value of <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/state-of-the-2017-medical-device-market-in-mexico\/\" target=\"_blank\" rel=\"noopener\">Mexico\u2019s medical device market<\/a> expanded at <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/mexicos-medical-device-and-equipment-market-8-growth-yoy\/\" target=\"_blank\" rel=\"noopener noreferrer\">13% CAGR in this period<\/a>: it went from US$46 billion in 2014 to US$60 billion in 2016. Taking an even longer view, Mexico\u2019s medical devices market has grown by <a href=\"http:\/\/hospitalar.com\/es\/portal-de-noticias\/blog-es\/118-administracion\/919-cresce-el-mercado-de-dispositivos-medicos-en-mexico\" target=\"_blank\" rel=\"noopener noreferrer\">15% annually over the past decade<\/a>.<\/p>\n<p>But medical devices is far from the only growth area in Mexico\u2019s healthcare sector. To offer a couple of examples, the glucose monitoring devices market in Mexico is growing at a <a href=\"https:\/\/www.medgadget.com\/2017\/09\/mexico-glucose-monitoring-market-how-it-is-going-to-impact-on-automotive-industry-to-grow-in-near-future-and-with-the-cagr-value-of-xx-xx.html\" target=\"_blank\" rel=\"noopener noreferrer\">CAGR of 6.96% between now and 2021<\/a> and KPMG projects that the use of pharmaceutical products in Mexico will grow with an AAGR (average annual growth rate) of <a href=\"https:\/\/assets.kpmg.com\/content\/dam\/kpmg\/mx\/pdf\/2017\/07\/pharmaceutical-industry-news.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">5.5% between now and 2020<\/a>.<\/p>\n<h3><strong>COLOMBIA <\/strong><\/h3>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/state-of-the-2017-medical-device-market-in-colombia\/\" target=\"_blank\" rel=\"noopener\">Colombia\u2019s<\/a> overall economic downturn seems more severe than other Latin American countries, and it\u2019s likely to continue throughout 2017. However, that doesn\u2019t mean that manufacturers shouldn\u2019t be ready to strike. <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/spotting-medical-devices-sales-opportunities-in-colombia\/\" target=\"_blank\" rel=\"noopener\">Columbia<\/a> is lagging behind the other countries on this list in high-tech equipment, so the market is certainly there. And despite the downturn, several of these markets have experienced continued growth, including ECGs, ultrasounds, MRIs, gas masks, gas meters and more.<\/p>\n<p>In addition, it\u2019s important to note that Colombia\u2019s <a href=\"http:\/\/www.pharmaceutical-technology.com\/news\/newsreport-colombian-pharmaceutical-market-to-grow-at-a-cagr-of-73-5037787\" target=\"_blank\" rel=\"noopener noreferrer\">pharmaceutical market is projected to grow by 7.3% CAGR<\/a> between now and 2020 to surpass US$7 billion in value at that time.<\/p>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/spotting-medical-devices-sales-opportunities-in-colombia\/\">Download a fact sheet on Colombia\u2019s healthcare market here to get even more details.<\/a><\/p>\n<h3><strong>ARGENTINA<\/strong><\/h3>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/state-of-the-2017-medical-device-market-in-argentina\/\" target=\"_blank\" rel=\"noopener\">Argentina\u2019s<\/a> recent economic woes have been well-documented. Yet despite this volatility, the medical equipment market has seen only minor losses, and several sectors have seen continued growth throughout Argentina\u2019s struggles. Some of the key medical equipment sectors posting growth in Argentina between 2014 and 2016 include:<\/p>\n<ul>\n<li><strong>Imports of massage and therapeutic respiration equipment:<\/strong> 9% increase in units and value<\/li>\n<li><strong>Imports of CT scanners, X-Ray machines, radiography\/radiotherapy:<\/strong> 11% growth in units and 3% in value<\/li>\n<li><strong>Imports of orthopedic equipment, joints, hearing aids, heart valves, pacemakers:<\/strong> 5% increase in units and 15% increase in value<\/li>\n<\/ul>\n<p>In addition, it\u2019s projected that Argentina\u2019s medical device market will grow at a <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/news\/argentinas-medical-device-market-grow-cagr-13-3-2015-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">CAGR of 13.3% between now and 2020<\/a>. <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/argentina-health-market-fact-sheet\/\">Learn more about specific growth areas for Argentina and review a detailed fact sheet for Argentina\u2019s health market here.<\/a><\/p>\n<h3><strong>PERU<\/strong><\/h3>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/state-of-the-2017-medical-device-market-in-peru\/\" target=\"_blank\" rel=\"noopener\">Peru<\/a> may be a smaller market than these other four countries, but it just might be the most promising. While the overall Latin American economic picture has been somewhat bleak in recent years, the medical equipment market in <a href=\"https:\/\/globalhealthintelligence.com\/latin-american-hospital-rankings\/best-equipped-hospitals-in-peru\/\" target=\"_blank\" rel=\"noopener\">Peru<\/a> has continued to chug along at a steady clip, growing <a href=\"https:\/\/globalhealthintelligence.com\/pt-br\/ghi-analysis\/13-growth-for-perus-medical-device-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">13 percent between 2014 and 2016<\/a>. Manufacturers would be wise to tap this market while it continues to grow. Key growth sectors in Peru\u2019s medical devices market between 2014 and 2016 include:<\/p>\n<ul>\n<li><strong>Imports of CT scanners, X-Ray machines, and radiotherapy equipment:<\/strong> 4% CAGR growth in units and 5% increase in value<\/li>\n<li><strong>Imports pf electrocardiographs, ultrasound machines and MRIs:<\/strong> 14% increase in units<\/li>\n<\/ul>\n<h3>Explore More<\/h3>\n<p>The comprehensive <a href=\"https:\/\/globalhealthintelligence.com\/strategic-solutions-hospital-database\/hospiscope\/\" target=\"_blank\" rel=\"noopener\">HospiScope<\/a> database created by Global Health Intelligence (GHI) covers nearly 90% of the hospitals in the region.<\/p>\n<p><a href=\"https:\/\/globalhealthintelligence.com\/contact\/\">Contact us for a demo.<\/a> You\u2019ll find you can access a deep level of detail for specific hot healthcare markets like these to identify sales opportunities, carry out propension analysis and populate your CRM. Find out how the database can help you spike your sales here.<\/p>\n[thrive_leads id=&#8217;7637&#8242;]\n","protected":false},"excerpt":{"rendered":"<p>A helpful breakdown of where the strongest sales opportunities can be found for medical devices, pharmaceuticals and more.<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[729,731,733,735,737,739,741,743,122,744,745,747,749,750,751,753,173,336,754,755,756,757,758,760,762,764,766,768,770,772,774,776,778,780],"class_list":{"0":"post-6960","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ghi-analysis","7":"tag-argentinas-medical-device-market-will-grow-at-a-cagr-of-13-3-between-now-and-2020","8":"tag-brazil-biomaterials","9":"tag-brazil-medical-expenditure","10":"tag-brazil-pharmaceuticals-market","11":"tag-cardiac-assist-devices-latin-america","12":"tag-colombias-pharmaceutical-market-is-projected-to-grow-by-7-3-cagr-between-now-and-2020","13":"tag-ct-scanners-growth-argentina","14":"tag-detailed-fact-sheet-for-argentinas-health-market","15":"tag-global-health-intelligence-ghi","16":"tag-glucose-monitoring-devices-market-mexico","17":"tag-growth-areas-for-argentina","18":"tag-growth-peru-ct-scanners","19":"tag-growth-peru-radiotherapy-equipment","20":"tag-growth-peru-x-ray-machines","21":"tag-healthcare-growth-areas-in-brazil","22":"tag-healthcare-market-growth-sectors-for-latin-america","23":"tag-healthcare-market-intelligence-latin-america","24":"tag-home-healthcare-market-latin-america","25":"tag-hospitals-database-latin-america","26":"tag-key-growth-sectors-in-perus-medical-devices-market","27":"tag-key-medical-equipment-sectors-posting-growth-in-argentina-between-2014-and-2016","28":"tag-latin-american-market-for-medical-devices-and-equipment","29":"tag-massage-and-therapeutic-respiration-equipment-growth-argentina","30":"tag-medical-equipment-market-in-peru-13-growth","31":"tag-medical-equipmentdevices-and-consumables-market-in-mexico-grew-by-8-8-yoy-between-2014-and-2016","32":"tag-medical-gases-and-equipment-latin-america","33":"tag-medical-power-supply-devices-latin-america","34":"tag-mexicos-medical-devices-market-has-grown-by-15-annually-over-the-last-decade","35":"tag-neurovascular-devices-market-latin-america","36":"tag-orthopedic-equipment-growth-argentina","37":"tag-radiographyradiotherapy-growth-argentina","38":"tag-the-use-of-pharmaceutical-products-in-mexico-will-grow-with-an-aagr-of-5-5","39":"tag-value-of-mexicos-medical-device-market-expanded-at-13-cagr","40":"tag-x-ray-machines-growth-argentina"},"_links":{"self":[{"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/posts\/6960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/comments?post=6960"}],"version-history":[{"count":2,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/posts\/6960\/revisions"}],"predecessor-version":[{"id":29920,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/posts\/6960\/revisions\/29920"}],"wp:attachment":[{"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/media?parent=6960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/categories?post=6960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalhealthintelligence.com\/pt-br\/wp-json\/wp\/v2\/tags?post=6960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}