2013-09-05 16:39:08 - New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
OVERVIEW OF THE MEDICAL MARKET IN VENEZUELA
The Bolivarian Republic of Venezuela is situated on the northern coast of South America and is bordered by Brazil to the south, Colombia to the west and Guyana to the east. The country is divided into 23 administrative states, one capital district* and one federal dependency**: Amazonas, Anzoategui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales**, Distrito Capital*, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Tachira, Trujillo, Vargas, Yaracuy and Zulia. The federal dependency consists of 11 federally-controlled island groups with a total of 72 individual islands. The capital is Caracas.
In US dollar terms, the medical device market has fallen to US$1.4bn in 2013, due to the devaluation of
the bolivar. Imports represent a high part of the market, with over 90% of the total, but are tightly controlled. The latest annual cumulative data shows that imports fell by 10.0% in the 12 months to October 2012, which indicates that imports are not expected to maintain the rapid growth experienced in 2010 and 2011. Taking into account maxi-devaluations of the bolivar, the market is projected to rise by a low 2013-2018 CAGR of 1.7%. Historical medical market growth has been volatile, but much higher, with a 2008-2013 CAGR of 9.2%, explained by the implementation of Barrio Adentro. Thanks to a huge import rise in recent years, per capita spending, valued at US$47.6 in 2013, has leapfrogged above even richer Latin American countries such as Mexico and Brazil. Expenditure is heavily concentrated in Caracas and other major urban areas.
Full Report Details at
- www.fastmr.com/prod/672617_the_medical_device_market_venezuela.a ..
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS
At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.
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WITH THIS MARKET REPORT YOU CAN
Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
Profile the market for new product, licences or collaborations
Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment
The Medical Device Market USA
The Medical Device Market Argentina
For more information please click on the link to Medical Market Reports
About Espicom Business Intelligence
Espicom Business Intelligence is a highly-regarded and established provider of business intelligence services. Founded in 1982 as MDIS Publications Ltd, the company changed its name to Espicom in 1992. Initially a publisher in a wide range of industries such as power generation and telecommunications, they now focus on the global pharmaceutical and medical device sectors. View more research from Espicom Business Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1025
About Fast Market Research
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