Discover Global Markets:  Healthcare/Life Sciences
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Brief Overview


The United States leads the Argentine import market of medical products, and currently holds 25 percent market share, particularly in higher-end technology products.


Approximately 80% of all medical devices and diagnostics used in the healthcare markets are imports.


The largest medical equipment market in South America. Brazil is both a major medical equipment producer and importer.


Canada’s health care industry depends heavily on the demand created by the country’s publicly funded and insured health care system. Canadian medical device market was valued at approximately USD 6.75 billion in 2012.


The world’s 2nd largest market for medical equipment, Chinese view foreign medical device companies as more credible than their Chinese counterparts.


Benefits from one of the most extensive insurance systems in Latin America.

European Union

Harmonizing requirements and regulating medical devices is handled by the European Commission in close cooperation with Member State’s Health Authorities.


Continuously growing demand for medical equipment in Greece, as well as in many of the Balkan states, provides strong prospects for companies in the medical equipment field.


The Indian healthcare industry is experiencing a rapid transformation. Forecasts predict that India needs at least 80,000 hospital beds per year for the next five years.


Japan‘s market for medical devices and materials continues to be one of the world‘s largest. The market is expected to increase due to Japan’s aging population.


Kenya is the most developed economy in Eastern Africa. The Kenyan healthcare market relies almost entirely on imports of medical devices, pharmaceuticals, dental products, laboratory equipment, healthcare IT, clinical chemistry and diagnostics.


Mexico is a big market for medical devices. Imports of U.S. products are duty free if they comply with the NAFTA certificate of origin.


There is a growing interest by Nigerians living overseas to invest in the Nigerian healthcare sector and this trend will likely continue. Nigeria remains a net importer of high-end medical equipment and prescription medicines.


With the exception of the U.S. and Switzerland, Norway spends more of its GDP on healthcare than any other country in the world. U.S. companies supply around 25–30 percent of Norwegian purchases of medical equipment.


The Russian medical equipment and supply market is one of the fastest growing sectors of the economy. There is an unsatisfied demand for medical equipment in the country.

Saudi Arabia

The Saudi health care sector is the largest in the Near East North Africa region. Total health care expenditures are

expected to reach USD 26 billion in 2013.

South Africa

Healthcare in South Africa is divided into two categories— the public and private sector. Both The public and private sector spend around USD 1.4 billion.

South Korea

A country always with edgy ties to the US, Korea is in a gradual transition to Western society. Respect and relationship are of utmost importance.


Turkey is a growing market for medical technologies and healthcare services. In 2013 USD 10 billion was allocated to the Ministry of Health budget.


A hot ground for medical equipment exports, Vietnam has identified the sector as a national development priority.

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