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Healthcare Expansion Projects in Venezuela May Open Up Opportunities in the Medical Devices Market

Posted on: Thursday, 11 January 2007, 12:01 CST

Research and Markets (http://www.researchandmarkets.com/reports/c48173) has announced the addition of Espicom Business Intelligence's new report: The Medical Device Market: Venezuela to their offering.

With a population approaching 30 million, Venezuela is a medium-sized South American country. It is economically under-developed, although rich in natural resources, notably oil. The country has a history of political instability and is currently ruled by the charismatic but divisive President Hugo Chavez, a former army officer. Venezuela's healthcare system is complex and inefficient, a feature common to many Latin American countries. Many facilities are outdated in terms of equipment and infrastructure, and are under-funded. However, the Barrio Adentro projects aim to change this and the situation is slowly improving. The second phase (BA II) aims to open 600 centres providing diagnostics (CDI), rehabilitation (CRI) and high-tech (CAT) services; there were 60 operational in 2005. The third phase (BA III) aims to improve resources in the 296 public hospitals, particularly in terms of medical equipment, after a lack of investments for over 30 years. Therefore there might be opportunities for the industry.

The country has managed to attract a limited amount of international aid in the health sector; there is one World Bank funded project currently active. The government has formulated a number of health projects and plans, although implementation remains a serious concern. The market is heavily reliant on imported products; there is little domestic production and none at all of high-end apparatus.

In the public sector, there are many restrictions in terms of medical supplies & equipment. The health centres and hospitals are obsolete, some health centres have closed and, overall, services are negligible. Many patients need to go to private facilities for lab tests, X-ray, CT and ECG scans. Basic items such as syringes, gauze, alcohol, gloves, sutures and sera are also in short supplies. The sector is also affected by corruption.

Manufacturers utilising Venezuelan importers are able to take advantage of special arrangements available to ALADI (Asociación Latino-Americana de Integración) pact members, through which they can import without going through a lengthy and uncertain foreign exchange application process. Those distributors which import from other ALADI member countries also receive a 60% reduction in custom duties.

BACKGROUND DATA

GEOGRAPHY

POLITICAL OVERVIEW

ECONOMIC OVERVIEW

GDP, 2004-2011

POPULATION

Population, 2000-2006

Projected Population by State, 2005

Population by Age, 2006

Population, 2004-2011

DEMOGRAPHIC INDICATORS

Demographic Indicators, 1999-2005

MORTALITY

Selected Causes of Death, 2004

Top Ten Causes of Male Deaths, 2004

Top Ten Causes of Female Deaths, 2004

MORBIDITY

Dengue

Reported Cases of Dengue, 1999-2005

HIV/AIDS

HIV/AIDS Cases, 1997-2004

Malaria

Reported Cases of Malaria, 1999-2005

Tuberculosis

Reported Cases of Tuberculosis, 1999-2003

Yellow Fever

Vaccination

Vaccinations Administered, 2003

CHARTS

Map of Venezuela

Population by Age, 2006 (%)

HEALTHCARE SYSTEM

ORGANISATION & ADMINISTRATION

MSDS

Healthcare Decentralisation

IVSS

IVSS Coverage, 1990-2001

HEALTH EXPENDITURE

Public & Private Health Expenditure, 1995-2000 (VEB Billion)

Public & Private Health Expenditure, 1995-2000 (%)

MSDS Health Expenditure

MSDS Health Expenditure, 1990-2004

MSDS Health Budget, 1994-2005

MSDS Health Budget by State, 2003 & 2004 (VEB Billion)

HOSPITAL SERVICES

Hospital Resources

Public Hospitals by Type & Provider, 2000

Public & Private Hospitals by State, 1998

Public Hospital Beds by State, 2003

Selected Medical Equipment & Services by Sector, 2000

Hospital Activity

IVSS Medical & Dental Consultations by Type, 1999-2003

AMBULATORY CARE

Barrio Adentro's Healthcare Points by State, 2005

World Bank Caracas Metropolitan Health Services Project

MEDICAL PERSONNEL

MSDS Health Personnel by Region, 2002

Barrio Adentro's Health Personnel, April 2005

IVSS Health Personnel by Type, 1999-2003

ACCESSING THE MEDICAL DEVICE MARKET

INTRODUCTION

REGULATORY ENVIRONMENT

DISTRIBUTION

TRADE FAIRS

Expomédica Internacional

DISTRIBUTORS

DISTRIBUIDORA MEDICA PARIS

LABORATORIOS CIENVAR

LABORATORIOS DAI

SEIJIRO YAZAWA IWAI

DOMESTIC PRODUCTION

Trade Associations

CAFAME

DIRECTORY

Government Organisations

Trade Associations

For more information visit http://www.researchandmarkets.com/reports/c48173

Source: Business Wire

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