The international company MLC is actively developing in different countries and expanding its presence in new regions. To build a successful strategy for its development, MLC turned to MegaResearch, one of the leading agencies, whose analysts conducted a detailed market research and analysis of the key regional CGM markets.
According to MegaResearch analysts, Latin America is one of the promising markets, providing ample opportunities for scaling up the project. The Latin America CGM market will grow by 7% annually during the forecast period, expanding 4.4 times in terms of volume and 9.4 times in terms of value by 2045. The number of CGM units consumed each year will also continue to grow, increasing by 90% in 10 years! The most significant market in the region is Brazil, which accounts for 39% of the total volume.
The results of the study prove the huge potential of the Latin American market! We are confident that the competently built strategy of the company, as well as the professionalism and leadership of Henry GRANDA, Member of the Board of Directors for the development of this region, will help us to achieve all our goals and take a worthy place in the growing market!
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