Growing Number of individuals with Medical Insurance coupled with Per Capita Health Expenditure and Increasing Ageing Population will drive Diagnostic Labs in Brazil: Ken Research

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• Diagnostic Chains in Brazil will capture a larger share in terms of Revenue as Brazilians are very Brand Authentic in different regions.
• Growing penetration of medical insurance operators in the country as a result of positive growth in the disposable income will lead to an increase in the penetration of clinical Analysis and Radiology laboratories in remote areas of the country.
• The stabilization and recovery of Economy from Economic Crisis that happened in 2015, will positively impact the Brazil Diagnostic Labs Market as it will increase the healthcare spending of government and per capita health expenditure in Brazil.

Growing Number of Public Hospitals and Government Initiatives: Number of Public Hospitals in Brazil is anticipated to increase from 2,200 in 2013 to 2,600 by the end of 2025. Consequently, the growing Number of Hospitals will lead to the opening of more clinical laboratories in the country. Furthermore, Government initiatives of providing funding to Municipalities to promote patient admissions to SUS will ensure a higher number of patients and exams in the Diagnostic Labs.

Rising Insurance Penetration: The stability in the economy after the economic crisis that happened in the country, improved the medical insurance scenario of Brazil wherein the number of insured patients revived again with an increase of 200 million people in February 2019. Hence, the increase in investments in the private healthcare insurance business will fuel the number of medical procedures and diagnostic examinations that will ultimately lead to a rise in the revenue of the lab's industry.

Growing Ageing Population: In the future, it is anticipated that elderly citizens' population (Above 60 Years) will increase at a CAGR of 3.7% during the period 2019P-2025, which will be capturing a larger proportionate share over the years in Brazil. Changing demographics is a key driver of the Brazilian Diagnostic Labs market, as the growing population will increase the incidence of chronic diseases such as respiratory and digestive problems and some diseases pertaining to a lifestyle that includes high obesity and type2 diabetes in the future.

Analysts at Ken Research in their latest publication "Brazil Diagnostic Labs Market Outlook to 2025 - by Type of Labs (Single Independent and Chains), By Application (Clinical Analysis and Radiology), By Region(South-East, South, North-East, Mid-West, and North), By Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket and Public System)" observed that Diagnostic Labs Market in Brazil is in its growth stage and it can be further expanded through increasing penetration of medical insurance, rising per capita healthcare expenditure and growing artificial intelligence in equipment technologies. The market is expected to register a positive CAGR of 6.7% in terms of revenue during the forecast period 2019P-2025F.

Key Segments Covered: -

By Type of Labs

Single Independent

Chains

By Application

Radiology

MRI

CT scan

Ultrasound

X-Ray

Others

Clinical Analysis

Routine

Specialized

By Region

South-East

South

North-East

Mid-West

North

By Revenue Source

Healthcare Plan Operators and Insurers

Out-of-Pocket

Public System

Key Target Audience

Medical Device Manufacturers

Medical Device Distributors

Public and Private Hospitals

Medical Device Importers

Diagnostic Lab Players

Government Associations

Diagnostic Imaging Device Companies

Time Period Captured in the Report:

Historical Period: 2013- 2019P

Forecast Period: 2020 – 2025

Companies Covered:

Albert Einstein Medicina Diagnostica

Alliar Medicos a Frente

Boris Berenstein

BP Medicina Diagnostica

Cedi

Cepem

CETAC

Clinica da Imagem do Tocantins

Clinica Imagem

Cura

DASA

DB Diagnosticos do Brasil

DMS Burnier

Grupo Fleury

HCOR

Hermes Pardini

Hospital Sirio-Libanes

Lab Rede

Omnimagem

Sabin Medicina Diagnostica

Senne Liquor Diagnostico

Sidi

Sir Radiologia

Key Topics Covered in the Report: -

Brazil Medical Device Market Distributors

Brazil Diagnostic Imaging Device Companies

Brazil Medical Device Market Manufacturers

DASA Group Net Revenue in USD Million

Fleury Group Gross Revenue in Percentage in 2018

Alliar Imaging Brazil Growth Rate in USD Million

Brazil Point-Of-Care Testing devices Manufacturers

POCT Market in Latin America

Brazil Diagnostic Imaging Market

Brazil Pathology Tests Market

Brazil Ultrasound Market Share

Brazil X-Ray and CT scan Market

For More Information on the research report, refer to below link: -

Brazil Diagnostic Labs Industry

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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)

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