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June 1, 2020 - While Brazil and Mexico have gotten most of the attention during the coronavirus pandemic, newer information coming from the region shows large cities and small towns alike are now reporting a larger number of
cases. It all points to what experts say is a late wave in the spread of COVID-19 throughout Latin America, as most of the rest of the world is believed to be on the opposite end of the curve.
May 15, 2020 - The urgent need for governments to respond to the COVID-19 health crisis has made them more malleable with rules and regulations to get much-needed medical devices and supplies in the hands
of the medical professionals on the frontlines. From increased healthcare spending to suspending trade and loosening regulations, measures from Europe to Latin America are focused on a fast response.
May 15, 2020 - As the world begins to slowly emerge from government-ordered quarantines and socially led self-isolation with new COVID-19 cases leveling-off, the next frontier in the fight against the coronavirus is the development of an effective vaccine that can be made widely available. For the medical device and supply industry, this presents an opportunity for manufacturing and distributing syringes and other products necessary to deliver a vaccine to millions of people.
May 13, 2020 - For five days in June the global healthcare community will be brought together on a scale like never seen before through a new experience delivered entirely online, Omnia Health Live. The virtual event is brought by Informa Markets Healthcare, organiser of world-leading events Arab Health, Hospitalar, FIME and Medlab Middle East.
May 4, 2020 - A number of countries have now started to report that the rate of COVID-19 cases has started to decline. However, the progress that is being watched even more closely is the development of a coronavirus vaccine. It normally takes years to develop, approve and produce an effective vaccine. But due to the need of the hour, there are currently over 70 COVID-19 vaccines in development worldwide, according to the World Health Organization (WHO).
May 3, 2020 - Cleveland Clinic is establishing the Center for Global and Emerging Pathogens Research to broaden understanding of emerging pathogens – ranging from Zika virus to SARS-CoV-2 (which causes COVID-19) – and to expedite critically needed treatments and vaccines.
April 15, 2020 - The structural features of the surgical suite can influence not only the efficacy of the treatment provided but also the overall patient and staff experience. Modular operating room construction (MOR) is a concept that aims at improving architectural and engineering design as well as ergonomics of the occupied space.
April 12, 2020 - For many medical equipment markets, the pandemic’s impact is largely predictable—systems essential to diagnosing, monitoring, and treating COVID-19, like ventilators, patient monitoring solutions and digital X-ray, are experiencing exceptionally high demand and receiving the necessary funding, leaving little remaining budget for non-essential systems like MRI and interventional solutions. However, the prospects for medical imaging modalities, such as ultrasound, that fall somewhere in between essential and non-essential equipment are not as cut and dried.
The impacts of the coronavirus are unarguably far reaching. Among them is the interruption manufacturing and approvals of medical devices, and the slowing of elective medical procedures which is also impacting the medical device industry.
The value of 3D printing in Latin America’s healthcare industry is projected to grow. A 2019 report by Ken Research suggests it will reach $1.97B by 2023. The study attributes this in part to infrastructure development in the region, with key players improving upon the materials and technology used to develop 3D printed medical devices.
With a 1.1% projected GDP growth, a Global Health Intelligence (GHI) report indicates there could be new opportunities in Mexico this year for the medical device industry. This follows the country’s mild recession in 2019. The key to success, according to GHI, is being analytical.
FDA programs are helping medical device companies get SaMD products to market faster. This as, according to a Yahoo! Finance report, the global medical software market is projected to grow 5.8% each year, reaching $19.3 billion by 2025.
Could Mexico be next? The medical device industry is keeping a close eye on the relationship between the United States and its immediate neighbor to the south. The countries reached a deal to indefinitely suspend proposed tariffs after the U.S. announced earlier in 2019, that it would impose a 5% tariff, eventually set to rise to 25%, on all imports from Mexico, including medical devices.
To project medical device demands in Latin America for the next several years, just look to its aging, ailing population.
‘Latin America is getting older, heavier and sicker’ says a report by Global Health Intelligence which compares growth in 2018 to forecast demand for medical devices.