� Business Monitor International Ltd Page - post a --.- CAGR through to ----. ...The Latin American pharmaceutical market will post a five-year CAGR of -.- in USD terms and -.- CAGR in EUR terms. Government focus on improving industry regulations and increasing access to healthcare services, in addition to a growing chronic disease burden and rising population disease awareness, will continue to be the key driving forces for Latin American pharmaceutical market growth. However, poor reimbursement policies, ongoing intellectual property concerns and drug approval delays will hinder investment returns. Additionally, as a number of economies across the region continue to face headwinds, we are likely to see increasing downward price pressure on medicines as a result of the austerity measures placed on the healthcare sector in the short term.
...As above, growth forecasts are in local currency terms that are aggregated from the country-level US dollar proportions which have been equalized to minimise currency fluctuations using a time series-weighted calculation. ...Indeed, in the long term, as access to healthcare improves, considerable commercial opportunities will be available for drugmakers, medical device companies and healthcare providers. However, in the short term, Latin America s deteriorating political and economic outlook will introduce increasing risks to short-term regional growth prospects for multinational healthcare providers as governments focus on containing spending. The Latin American pharmaceutical market will post a five-year CAGR of -.- in USD terms and -.- CAGR in EUR terms. ...However, in the short term, Latin America s deteriorating political and economic outlook will introduce increasing risks to short-term regional growth prospects for multinational healthcare providers as governments focus on containing spending.
...The region is headed for its second consecutive year of contraction due to subdued commodity prices, weak external demand (notably China, relative to previous growth rates) and tighter external financing conditions. Larger government deficits and tepid growth combined with currency depreciations are contributing to rising government debt. Regional growth projections are influenced by the deep recessions in Brazil and Venezuela, with most other countries growing at a moderate pace. While exchange rate flexibility has helped the region transition to the new external environment, the pass-through from weaker currencies has increased inflationary pressures. Commodity exporters have seen a widening in external imbalances as they are still in the process of absorbing the negative terms-of-trade shock. ...
