London, April 17, 2024 – Clarivate Plc (NYSE:CLVT), a global provider of transformative intelligence, has announced the launch of its groundbreaking solution for tracking and analyzing the medical device market in Latin America (LatAm). Developed in collaboration with Global Healthcare Intelligence, this innovative tool provides comprehensive insights into market share and size in key countries including Brazil, Colombia, Argentina, Chile, Peru, and Ecuador.
The LatAm region has experienced remarkable growth in its medical equipment and device markets, currently valued at an impressive $10 billion annually. With countries like Brazil, Mexico, Colombia, Argentina, and Chile leading the way, accounting for 89% of the regional market, Latin America has emerged as a crucial player in the global healthcare industry. This surge in market value reflects both the increasing demand for cutting-edge medical technologies and the region’s ongoing commitment to improving healthcare infrastructure and accessibility.
Andrew Lee, Vice President Medtech, Life Sciences & Healthcare at Clarivate, emphasized the importance of unbiased data for medical device manufacturers to make informed decisions. He highlighted the partnership with Global Healthcare Intelligence as a key driver in providing curated and validated market information, enabling customers to gain valuable insight and foresight that ultimately leads to the development of innovative treatments and improved quality of life.
Guillaume Corpart, Founder and CEO of Global Health Intelligence, echoed Lee’s sentiments, stressing the unique challenges faced in gathering reliable market information in Latin America. The collaboration with Clarivate aims to address these challenges and deliver a game-changing solution that allows medical equipment and device manufacturers to assess market potential and track performance accurately across the region’s leading countries.
The Clarivate LatAm market tracking solution offers real-time data and expert analysis to medical device companies and distributors. With detailed SKU-level data, independent market analysis, share price information, and market trends, clients can achieve more effective brand marketing in the region.
For more information on this revolutionary solution for tracking the medical device market in Latin America, visit Clarivate’s official website.
About Global Health Intelligence:
Global Health Intelligence is a leading provider of market intelligence for the life sciences industry. They assist clients in assessing opportunities, understanding market potential, and analyzing the competitive landscape.
About Clarivate:
Clarivate is a global provider of transformative intelligence, offering enriched data, insights, analytics, workflow solutions, and expert services in Academia & Government, Intellectual Property, and Life Sciences & Healthcare sectors.
Contact:
Luna Ivkovic
External Communications
Life Sciences & Healthcare
Email: [email protected]
Source: Clarivate Plc
The article discusses the launch of a new solution by Clarivate Plc and Global Healthcare Intelligence, designed to track and analyze the medical device market in Latin America (LatAm). Here are some additional facts and information related to the topic:
Current Market Trends:
1. Rapid Growth: The medical device market in Latin America has been experiencing significant growth over the past few years, with an annual value of approximately $10 billion.
2. Increasing Demand for Advanced Medical Technologies: The rising demand for cutting-edge medical technologies and devices is a key driver of the market’s growth in Latin America.
3. Leading Countries: Brazil, Mexico, Colombia, Argentina, and Chile are currently leading the medical device market in Latin America, accounting for 89% of the regional market share.
4. Improving Healthcare Infrastructure: The growth in the medical device market reflects the region’s commitment to improving healthcare infrastructure and accessibility, enabling more people to access advanced medical treatments.
Forecasts:
1. Continued Market Growth: The medical device market in Latin America is expected to continue its growth trajectory, with an increasing demand for innovative medical technologies and devices.
2. Expansion into Smaller Markets: As the market matures in the leading countries, there is a potential for medical device companies to expand their presence in smaller Latin American markets, such as Peru and Ecuador, presenting new growth opportunities.
Key Challenges and Controversies:
1. Data Reliability: Gathering reliable market information in Latin America has been a challenge due to variations in data collection methodologies and regulations across different countries in the region.
2. Market Competition: The medical device market in Latin America is highly competitive, with both regional and international players vying for market share. This presents challenges for companies seeking to enter or expand their presence in the market.
Advantages of the Solution:
1. Comprehensive Insights: The Clarivate LatAm market tracking solution offers comprehensive insights into market size and share in key Latin American countries, providing valuable data for informed decision-making.
2. Real-Time Data and Analysis: The solution provides real-time data and expert analysis, enabling medical device companies and distributors to track market performance and identify trends promptly.
3. SKU-Level Data: The solution offers detailed SKU (Stock Keeping Unit)-level data, allowing companies to analyze product-specific market trends and tailor their marketing strategies accordingly.
Disadvantages of the Solution:
1. Cost: The use of the Clarivate LatAm market tracking solution may come with a cost, which could be a challenge for smaller medical device companies or distributors with limited budgets.
2. Limited Scope: While the solution covers key Latin American countries, it may not provide insights into smaller or emerging markets in the region.
For more information on the revolutionary solution for tracking the medical device market in Latin America, visit Clarivate’s official website: Clarivate’s Website.