From January to March 2020, purchases of pharmaceutical products made by Central American countries from companies in Mexico totaled $73 million, 2% more than reported in the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In El Salvador, since May 28, it is possible to carry out the digital procedures for the Electronic Authorization of Import Visas for medicines and medical supplies.
With this new system, response times will be reduced and supply of drugs and medical supplies will be guaranteed during and after Covid-19 pandemic, informed Central Reserve Bank (BCR).
It is estimated that last year companies from Guatemala, the Dominican Republic and Nicaragua represented 70% of the regional imports of orthopedic articles and appliances.
The "Market Study of Medical Equipment in Central America and the Dominican Republic", prepared by the Trade Intelligence Unit of CentralAmericaData, details the main figures of the regional market for different types of medical equipment.
The U.S. International Development Finance Corporation offered a $250 million quota for companies in the country to invest in health sector projects.
Directors of the International Development Finance Corporation (DFC) were the ones who reported last May 11 the existence of these financial resources. The exclusivity of these $250 million for companies in the health sector is due to the current health emergency situation, which derives from the outbreak of covid-19.
Businessmen in Guatemala estimate that patients who visit the country with the aim of buying medical treatment will take between 9 months and a year to regain confidence in making the trip.
The sector is practically paralyzed, since due to the covid-19 outbreak worldwide, several countries have decided to close their borders and air terminals, and airlines are keeping their units on the ground.
In the complex scenario of health crisis, companies in the pharmaceutical sector in Guatemala are facing shortages of raw materials, mainly those imported from the U.S., Europe and China.
In the context of the covid-19 outbreak, the pharmaceutical industry has kept alive and according to businessmen in the sector, the country's laboratories maintain their operations at an average of 70%.
Agefinsa, Servicios Tecnicos Medicos, Macrotech Farmaceutica and J.I. Cohen are some of the companies that during the first quarter of the year won contracts to provide medicines and pharmaceutical products to public health institutions in the region.
The "Interactive Public Procurement Information System" of the Trade Intelligence Unit of CentralAmericaData provides interesting data on the companies that in the first quarter of 2020 were favored with contracts to provide pharmaceutical products and medical supplies to the various Ministries of Health and Social Security entities in the Central American countries.
In Costa Rica, the National Insurance Institute tenders the pharmacy service for the management of external lines, under the delivery on demand modality.
The President of Panama ordered the Social Security Fund to suspend the award of the contract for the service of storage, distribution and final dispensation of medicines at the national level, for a four-year period.
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