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Brazil Medical Device Market will be Driven by Increasing Number of Healthcare Establishments and Growth in Elderly Population: Ken Research

“Rising importance of affordable healthcare facilities and growth in the number of lifestyle-related disease patients in the country have driven the medical device sector in Brazil”

 

Analysts at Ken Research in their latest publication Brazil Medical Device Market Outlook to 2025 – by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), The channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West, and North)” observed that medical device in Brazil is in growth stage and it can be further expanded through rising healthcare expenditure, increasing healthcare establishments and increasing penetration of medical insurance. The market is expected to register a positive CAGR of 5.8% in terms of revenue during the forecast period 2018-2025F.

Rise in Chronic Diseases and Lifestyle Changes: Lifestyle-related changes have resulted in growing number of patients with cardiac disorders and life-threatening diseases like cancer. This has led to positive growth in the sector such as diagnostic imaging as more number of catheterization labs and nuclear medicine, screening facilities has to be established for the diagnosis of patients in order to provide a customized solution. This, in turn, has led to healthy growth for the medical device sector. Also, newer technologies enable for predictive analytics which has helped in assessing disease penetration and decision-making process of end-users like hospitals and diagnostic labs.

Growing Healthcare Expenditure: The per capita healthcare expenditure stood at USD 1,093.6 in 2018. The government has been taking the regular initiative to increase this expenditure in order to improve penetration of healthcare services in remote areas, bring innovation in patient-friendly solution and improve clinical outcomes. Increase in public healthcare expenditure has led to successive Greenfield and Brownfield growth in the hospital sector. Consequentially, this has led to an increase in revenue of the medical device industry as new capital systems, upgraded with the latest technology are being installed at various healthcare facilities.

Growing Elderly Population: the Rising elderly population has led to higher demand for various types of medical procedures which has complemented the number of tests, treatments, and medical procedures being conducted in the country. The elderly population of Brazil stood at 15.1 million in 2013 and increased to 18.7 million in 2018. Inclusion of higher workload and sophisticated systems based on machine learning, cloud sharing platform has improved the scope of precision and laboratory medicine which has complemented the revenue of the industry with increase in workload in the industry.

Key Segments Covered:-

By Business Activity

Import

Local Production)

By Sales Channel

Distributor

Direct Sales

By Type of Device

Reagents for In-Vitro Diagnostics

Materials and Supplies

Laboratory Equipment

Orthosis and Prosthesis

Diagnostic Imaging and Supplies

Dentistry Equipments

Hospital Furniture

Other Hospital Equipments

By Type of End User

Hospital

Clinics

Diagnostic Lab Centers and Others

By Region

South-East

South

North-East

Mid-West

North

Key Target Audience

Medical Device Manufacturers

Medical Device Distributors

Medical Device Importers

Government Agencies

IVD Device Companies

Orthopedic Device Companies

Hospital Furniture Manufacturers

Diagnostic Imaging Device Companies

Time Period Captured in the Report:

Historical Period: 2013- 2018

Forecast Period: 2019 – 2025

Companies Covered:

J&J Medical

Medtronic

Baxter International Becton and Dickinson

Boston Scientific

  1. Braun

Terumo Medical Corporation

Edwards Life Sciences

Stryker International

Adavium

Geratherm

Key Topics Covered in the Report:-

Brazil Medical Device Market

Brazil Medical Device Industry

Brazil IVD Reagent Market

Brazil Patient Aid Market

Brazil Diagnostic Imaging Market

Brazil Laboratory Equipment Market

Brazil Hospital Equipment Market Manufacturers

Brazil Dentistry Equipment Market

Brazil Orthopedic Device Market

Brazil Diagnostic Supplies Market

Brazil Medical Consumables Market

Brazil Hospital Furniture Market

Brazil Medical Device Market Regulation

For More Information On The Research Report, Refer To Below Link:-

Brazil Medical Device Market Analysis

Related Reports by Ken Research:-

Philippines Medical Devices Market Outlook to 2023 – Surge in Demand for Used/Refurbished Medical Equipments and New Healthcare Infrastructure Projects to Maintain Healthy Growth

India Medical Device Market Outlook to 2023 – By IVD Market (Type of Device, Sales Channel, Domestic Manufacturing and Import), By Diagnostic Imaging Market (Type of Device, Domestic Manufacturing and Import) and By Patient Aid Market (Orthopedic Device, Hospital Furniture and Hearing Aid)

India Medical Consumables Market Outlook to 2023 – Driven By Surge in Adoption of Innovative Medical Consumable Products Coupled With Rising Outpatient Revenue

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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