Portability and mobility to drive medtech in Latam
11-May-16, Global Health Intelligence
Despite the current unfavorable economic climate, high growth is anticipated in diagnostic and patient monitoring equipment. Latin American countries are expected to lead global growth of X-ray devices through 2019. Additionally, the capnography equipment market is expected to grow at by 15% annually through 2021, with Brazil, Mexico, Colombia and Argentina at the forefront.
Growth is also expected in products related to blood-glucose monitoring and insulin delivery, with growth estimated of 6.3% per year to reach $2.3 billion by 2020, led by Brazil and Mexico.
%20PSFK.png "Portability and mobility to drive medtech in Latam (c) PSFK")
Image: PSFK
Of particular interest among certain medical devices is the growing share of products that emphasize digitized automation and/or portability. For instance, the analysis of medical equipment imports reveals that portable X-ray machines represent nearly 20% of all the X-ray machines coming into the Mexico in 2015.
Similarly, there is a growing preference for electronic blood pressure devices, as manual sphygmomanometers are steadily being phased out by versions that require less human intervention.