Industry Trend Analysis - Healthcare Providers To Be Challenged By Regional Economic And Political Volatility - DEC 2017


BMI View : The deteriorating political and economic outlook in Latin America will introduce increasing risks to regional growth recorded by healthcare providers in the short term. However, the region's traditional commitment to healthcare, increasing public provision of medical services and the expanding middle class means that, over the long term, there will be significant commercial opportunities for companies to exploit.

Structural Trends

The Latin American USD363.6bn (EUR328.6bn) healthcare market is forecast to expand to USD535.4bn (EUR457.6bn) with a 7.9% CAGR at CER (excluding Venezuela) through to 2021. The Latin American healthcare market will post a five-year CAGR of 8.0% in USD terms and 6.8% CAGR in EUR terms. The Latin American region is made up of the Mercosur, Southern Cone, Andean, Central America and Caribbean sub-regions. The USD185.6bn (EUR167.7bn) Mercosur region will post an 8.3% CAGR at CER through to 2021. The USD51.1bn (EUR46.2bn) Southern Cone region will post an 11.7% CAGR at CER through to 2021. The USD46.1bn (EUR41.7bn) Andean region will post a 7.5% CAGR at CER (excluding Venezuela) through to 2021. The USD81.4bn (EUR73.5bn) Central American region will post a 6.3% CAGR at CER through to 2021, while the USD29.8bn (EUR26.9bn) Caribbean region will post a 9.5% CAGR through to 2021.

Demand To Rise
Latin America: healthcare Spending
f = forecast. Source: BMI

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