Merck banks on Latin America for growth of Consumer Health business

German pharma and life sciences major Merck KGaA (MRK: DE) says it expects the Latin America region to keep driving growth at its Consumer Health business, as demand for consumer goods in the region is constantly rising.

“Along with a growing consumer demand, Latin America sees a rise in the need for healthcare products and a trend towards consumer goods making daily life more convenient,” said Uta Kemmerich-Keil, chief executive and president of Merck’s Consumer Health business, at the Financial Times Latin America Healthcare & Life Sciences Summit, held on September 29 in Miami, USA. “Our business is well positioned to anticipating the region’s rapidly changing demographics and responding to consumers’ healthcare needs,” she added.

Latin America playing growth engine role