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

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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

Brazil Medical Device Industry Analysis: Ken Research

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How Brazil Medical Device Market Is Positioned?

Medical Device market in Brazil is highly dependent on imports of highly complex technical equipment wherein the currency exchange fluctuations may decline the profit margins of the manufacturers in the country.

Moreover, in 1990, the Brazilian government also installed its free Universal health system (SUS) for the Brazilian population which increased the number of people going to hospitals for required consultations and surgeries. The Medical Device Market in Brazil is at a growing stage, owing to the presence of many international manufacturers in the country. The industry is booming with the Universal Health System (SUS), the growing elderly population (Above 65 Years) and growing investment in R&D for the manufacturing of new equipment in Brazil.

The reported number of death cases due to cardiovascular disease and cancer accounted for the highest percentage share of ~% and ~% respectively in the proportion of total mortality due to different diseases in the year 2016.

The Revenue in terms of the value of Medical Devices at the manufacturer’s level was evaluated at USD ~ Billion in 2013. The market grew with a CAGR of ~% in the time period of 2013-2018 and was evaluated at USD ~ Billion in 2018.

Growth in the Medical devices market was affected by the 2015 economic crisis as unemployment in Brazil led to a number of uninsured people in Brazil. This further became a reason for people not going with healthcare services in Brazil.  However, the economy is recovering.

How Brazil Medical Device Market Is Segmented?

By Business Activity

Brazil Medical Device market is moderately fragmented with around ~ domestic and ~ international manufacturers. High complex Medical Device equipment is majorly imported in the country due to the unavailability of raw materials. On the other hand, low complex devices that majorly include medical consumables are manufactured in the country by domestic manufacturers.

By Mode of Selling

Indirect Sales of Medical Devices in Brazil accounted for the highest revenue share of ~% during the year 2018 in terms of revenues largely due to the concentration of production activities of medical devices in the Country. Direct Sales, on the other hand, accounted for ~% share in terms of revenue during the year 2018.

By Type of Device

Reagents for In-Vitro Diagnostics accounted for the highest percentage share of ~% during the year 2018 due to the growing interest of the Brazilian prenatal screening and molecular testing technologies. Materials and Supplies which include Syringes, needles, catheters, bandages, dressings, suturing Materials have accounted for ~% of Brazil's medical device market share in 2018.

By End Users

Hospitals in Brazil accounted for the highest percentage share of ~% in the year 2018 largely due to the presence of a number of hospitals and the volume being demanded by different departments in the Hospitals. Clinics and Diagnostic labs accounted for ~% share in terms of revenue in 2018, as an only specific set of medical devices are used for the examination purposes at the laboratories.

By Region

Southeast Region in Brazil accounted for the highest revenue share of ~% in 2018 largely due to the number of hospitals and diagnostic labs in that region. In 2018, the South region is the second-highest region with a ~% share in terms of revenue followed by South, Midwest, and North.

How Is The Competitive Landscape Of Medical Devices Market In Brazil?

Medical Device Market in Brazil is moderately fragmented with domestic and international players wherein the less complicated devices are manufactured in Brazil and high complex devices are largely imported.

The manufacturers in Brazil majorly compete on the basis of Business Model, Office Locations, Business Segments, Major Specialization, and Subsidiaries. Major International players that are operating in Brazil are Johnson and Johnson Medical Devices, Medtronic, Boston Scientific Corporation, B. Braun, Becton Dickinson, Baxter International, and Stryker International.

The companies in Brazil are operating in different business segments with more focus on indirect sales channels so as to cater to larger target audiences.

Future Outlook and Projections for Brazil Medical Device Market

Brazil Medical Device revenue is anticipated to increase from USD ~ billion in 2018 to USD ~ billion by the year ending 2025 at a CAGR of ~ % during the period 2018-2025F with respect to multiple factors that include growing per capita health expenditure, improving insurance penetration, a growing aging population, rising investment in R&D activities, technology, and product development, advancements in connectivity, growth in healthcare mobile applications and improvements in Universal healthcare system (SUS) in Brazil. Increasing government health expenditure coupled with the growing number of chronic diseases including HIV and cancer will drive the demand medical device in the near future in Brazil.

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

Braun

Terumo Medical Corporation

Edwards Life Sciences

Stryker International

Adavium

Geratherm

Key Topics Covered in the Report:-

Brazil Medical Device Market Growth Revenue

Brazil Medical Device Hospital Market Sales

Brazil In-Vitro Device Market

Brazil Medical Device Market Revenue

Brazil Diagnostic Imaging Market Analysis

Brazil Hospital Furniture Market Revenue

Brazil Laboratory Equipment Market

Brazil Dentistry Equipment Market Revenue

Competition of Brazil Medical Device Companies

J&J Medical Brazil Medical Device Market Share

Medtronic Brazil Medical Device Market Competitors

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

Brazil Medical Device Market Outlook to 2025: Ken Research

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The report titled 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)” provides a comprehensive analysis of the medical device market in Brazil. The report also covers the overview and genesis of the industry, overall market size in terms of revenue, segmentation on the basis of device type, sales by region and end-user, trends and developments, issues and challenges, government regulations, value chain analysis, SWOT analysis, competitive scenario, and company profiles of major players. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions for new and existing players in the market.

Brazil Medical Device Market Overview and Size

Brazil medical device market grew at a single-digit growth rate over the review period 2013-2018. The market growth was supported by an increase in public healthcare expenditure, growth in healthcare infrastructure in the country and a rise in the elderly population. The market was observed to be in the growth stage and will continue to remain so in the coming years. The demand for low-cost devices and cheap cost per test along with a change in decision making authority from doctors to hospital administration has significantly affected the growth in the market and has changed the procurement landscape in the industry.

Brazil Medical Device Market Segmentation

By Import and Local Production: Medical Devices Market in Brazil is an import driven market. The equipment imported is majorly high complex medical devices that are not manufactured in Brazil largely due to the unavailability of raw materials and a lack of manufacturing facilities in the country.

By Type of Device: IVD industry has dominated the medical device industry due to a higher replacement rate of reagents. The medical consumables industry has also gathered significant revenue share due to the high volume requirement in the market. Orthopedic and prosthetic devices captured a high revenue share in the market due to growth in the elderly population with ailments such as arthritis and osteoporosis. The diagnostic imaging industry occupied significant market share due to the rise in demand for detailed and high-quality imaging analysis in order to diagnose complex health problems.

By Business Activity: Southeast is the most important industrial, commercial and financial region of Brazil and has the necessary inputs for the medical device industry to flourish because of which the region has garnered significant revenue share in the market. This region includes a high concentration of hospitals and higher purchasing power of end-users. The southern region also took considerable revenue market share due to the presence of well-developed healthcare infrastructure.

By End User: Hospitals were found to be the biggest end-users which generated the maximum revenue for the medical device industry during the review period as maximum patients undergo disease diagnosis, prognosis, and treatment in hospitals. Clinics and small health setups along with diagnostic labs occupied the remaining share of the revenue pie due to the limited workload for these end-users.

By Business Activity: Import of medical devices has been the major contributor to the revenue of the industry as the country lacks technological expertise, investment, and resources to produce various types of devices in the house. Local production of the device is limited to medical consumables, reagents for IVD, semi-automated analyzer, low-end imaging analyzers, hospital furniture, and other such devices.

Competitive Landscape

Brazil medical device industry is highly fragmented there are more than 100 companies which are operating in this industry catering to the needs of the market via distributors who import their products and sell them in the market as well as manufacturers who manufacture the devices and reagents locally. Players in the market compete on the basis of price, quality, technology, branding and marketing, diversification in the product portfolio, preventive maintenance and service, customer retention and relationship, certifications and volume. Some of the major players in the industry include J&J Medical, Medtronic, Baxter International, Becton and Dickinson, Boston Scientific and B Braun. Players in the imaging segment compete largely for the price as capital equipment are costlier business affairs for hospitals. As the decision-making process is gradually weighing more on hospital administration, players in the industry have to compete for fetching contracts for operational lease and pay per use scheme. Also, the refurbished market also holds greater posting due to higher operating expenses of hospitals. Companies in the IVD segment compete for placement of instruments and supply of reagent at cheapest price while in the medical consumables industry the most significant competing ground is the volume of the device sold as the price is relatively cheaper than another kind of device. Other players in the industry include Stryker, Zimmer Biomet, Adavium, Geratherm, Roche, Siemens, Philips, and several other players.

Brazil Medical Device Market Future Outlook

The medical device industry is expected to witness a single-digit growth rate in the forecast period 2019-2025. Rapid growth in healthcare expenditure, increase in the number of hospitals, shift towards automated systems for managing higher workload, adoption of systems with AI and machine learning platform and increasing penetration of healthcare facilities in Maranhão, Piauí, Ceará, and the Rio Grande do Norte, Paraíba region is expected to bring positive growth in the market in the coming years.

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

Braun

Terumo Medical Corporation

Edwards Life Sciences

Stryker International

Adavium

Geratherm

Key Topics Covered in the Report:-

Brazil Medical Device Market Value Chain Analysis

Brazil Medical Device Market Overview and Genesis

Brazil Medical Device Market Size

Brazil Medical Device Market Segmentation

Import Scenario in Brazil Medical Device Market

Government Role and Regulation in Brazil Medical Device Market

Trends and Developments in Brazil Medical Device Market

Issues and Challenges in Brazil Medical Device Market

Competitive Scenario in Brazil Medical Device Market

Brazil Medical Device Market Future Projections, FY’2018-FY’2023E

Analyst Recommendations

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