Life sciences industry, which comprises companies and organizations in the biotech, pharma, medical technology, cosmeceuticals, nutraceuticals, and food processing sector. They are concerned with research and development and manufacturing of products to improve human lives.
Most of the medical device companies in Algeria are importers and distributors of medical supplies, as there is still low local production. The few local manufacturers are producing low-tech products and consumables. Algeria is one of the top five medical device industry in Africa alongside other countries like South Africa, Egypt, Morocco, and Nigeria. Medical … Read more
Largely, most of the medical device companies In Morocco are not manufacturers but importers and distributors of medical technologies and equipment. The major suppliers of medical devices to Morocco include the US, Germany, France, Turkey, China, and recently, Italy. The medical device market in Morocco is estimated at $236 million USD, with about $181 million … Read more
Agencia Nacional de Regulación, Control y Vigilancia Sanitaria (ARCSA) regulates and registers medical device companies in Ecuador. The medical device market in Ecuador is estimated to grow by 5.76% (2024-2029) achieving a market volume of US$1047.00 million in 2029. Medical Device Companies in Ecuador ARSIMEDIC Insumos Médicos Av. De los Libertadores OE6-29 y Av. Antonio … Read more
Most of the medical device companies in Peru are importers and distributors of medical supplies, as the country relies on imports. Medical device imports amounted to $408 million in 2022, with the US, China, and Brazil, some of the major suppliers. The Dirección General de Medicamentos, Insumos y Drogas (DIGEMID), a part of the Ministry … Read more
Venezuela is a large medical device industry in Latin America due to its large population. However, the industry is not as developed as Mexico and Brazil. Most medical device companies in Venezuela are importers and distributors of medical supplies. Both Servicio Autónomo de Contraloría Sanitaria (SACS) and the Instituto Nacional de Higiene Rafael Rangel (INHRR), … Read more
Most of the medical device companies in Chile are importers of medical products and technologies. About 20% of the medical devices in Chile are imported from the US, making the country, Chile’s largest supplier. Chile has also witnessed an increase in the adoption of digital health technologies such as wearable devices, telemedicines and mobile health … Read more
Colombia is the third largest medical device market in Latin America after Brazil and Mexico. However, most medical device companies in Colombia are importers and distributors, with imported medical supplies constituting 89 percent of the market in 2022. Local manufacturers produce low-tech consumables. The US is the leading supplier of medical devices to Colombia, with … Read more
Most of the pharmaceutical companies in Nigeria import high percentage of processed raw materials, as well as the heavy machines and equipment used in pharmaceutical manufacturing. Nigeria has a large pharmaceutical market due to the high population and cheap labor. The pharma industry in Nigeria is expected to grow at a compound annual growth rate … Read more
There are many pharmaceutical companies in Cuba, a country in the Caribbean with a good track record in biomedical research and pharmaceutical development. Some of the major pharmaceutical innovations from Cuba include the first global lung cancer vaccine, Cimavax developed by the Center of Molecular Immunology in Havana. This breakthrough has increased collaboration between the … Read more
As the global leader in the industry, there are many global pharmaceutical companies in the US. The market size of the US pharma market was estimated at USD 602 billion in 2023. It is expected to grow to USD 1,093.79 billion by 2033, at a compound annual growth rate (CAGR) of 6.15% from 2024 to … Read more