A state of emergency was declared earlier this year, and despite the bleak outlook and the threat of expulsion from Mercosur, President Maduro refuses to accept humanitarian aid for Venezuela. Significant concerns surrounded Zika, the Olympics, and the impeachment of President Rousseff in Brazil this summer, and the economy is ultimately anticipated to contract this year.
The Latina and still looking for Brazil is still extremely uncertain, but the somewhat more positive tone of recent news and forecasts is a welcome change.
Recovery in Argentina has yet to be realized despite the initial optimism surrounding the election of Latina and still looking Macri last year; the new president has been unable to lower inflation to a reasonable level, and the economy continues to contract. So, what does all this mean for the medtech markets?Younger For Sexy And Older
Growth forecasts across our markets were cut when the widespread economic issues in Latin America first emerged, and cost consciousness has remained a Latina and still looking theme with limitations on both government spending and personal disposable incomes.
Disparities in accessibility and long wait times remain issues. Newer and highly technical procedures continue to be limited by a lack of physicians and surgeons able to perform them compared to other regions. Weak local currencies have been problematic because the cost of imported devices in some countries has Latina and still looking up but reimbursement often has not.
All of these issues limit the Latin American market now. However, because they have ultimately led to underpenetrated markets, it lookig be noted that these countries would represent significant growth opportunities should they actually realize economic recovery. Want to learn more about the Latin Latina and still looking medtech markets?Message For A Message
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