Greenfield and Brownfield Growth in Healthcare establishments Fuelled by Rise in Public Healthcare Expenditure will Drive the Medical Device Industry: Ken Research

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 The geriatric population is likely to increase to 25.4 Million in FY’2025. This will lead to an increase in demand for diagnosis and treatment of various health ailments like chronic disorders.

• The per capita healthcare expenditure will likely grow at a CAGR of 3.8% to a value of USD 1,419.8 Crore in 2025. This will lead to growth in the sales volume of various medical devices.
• Increase in penetration of medical insurance in the country as a result of positive growth in the disposable income will aid in increasing the penetration of healthcare facilities to remote areas. This will lead to a rise in the revenue of the medical device industry.

Rising Penetration of Insurance and Growth in Medical Tourism: The country will show vital signs of economic recovery which will complement growth in the medical insurance sector. Consequentially, an increase in investments in the private healthcare insurance businesses will fuel the number of medical procedures that will ultimately lead to a rise in the revenue of the industry. The influx of medical tourists in the country (estimated 1.5 million surgeries every year) will complement the revenue medical device market.

Key Healthcare Initiatives and Growth in Health-tech Sector: Schemes like digitization of health records, growth in telehealth, and mobile health, AI-based health-tech startups (more than 250 startups till 2018) aim at extending healthcare facilities to remote regions. In light of these schemes, the medical device sector is expected o witness rapid growth in the volume market that will ultimately complement the revenue of the industry.

Expanding Healthcare Infrastructure: Increase in the number of public hospitals (2,200 in 2013 to an estimated 2,600 in 2025) will lead to higher revenue realization as newer capital equipment with upgraded technology will be installed in tertiary hospitals. Also, the business of medical device companies will be propelled by increasing the number of cardiac disorders and increasing the prevalence of cancer.

 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), 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 the 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.

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 Equipment

Hospital Furniture

Other Hospital Equipment

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

Braun

Terumo Medical Corporation

Edwards Life Sciences

Stryker International

Adavium

Geratherm

Key Topics Covered in the Report:-

Brazil Medical Consumables Device Market

Brazil Medical Device Market

Brazil Medical Device Industry

Medical Device Market Brazil

Brazil Diagnostic Imaging Equipments Market

Brazil Hospital Equipment Market Manufacturers

Brazil Medical Device Local Production Market

Brazil Medical Device Market Analysis

Brazil Medical Device Market Distributor

Brazil Medical Device Market Growth Rate

Brazil Medical Device Market Growth Revenue

Brazil Medical Device Market Importers

Brazil Medical Device Market Research Report

Brazil Orthopedic Device Market Growth

Competition of Brazil Medical Device Companies

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

Brazil Medical Device Industry

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

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