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The Medical Device Market: Brazil

  • ID: 3163724
  • February 2015
  • Region: Brazil
  • 222 Pages
  • Espicom Business Intelligence Ltd
The Medical Device Market Is Forecast To Grow At A Cagr Of 13.3% In Us Dollar Terms Over The 2013-2018 Period Raising The Market Value To Usd 10.6Bn In 2018

Brazil has the largest economy and medical device market in Latin America, but per capita medical expenditure is still very low. The highest expenditure is in the large cities, such as São Paulo or Rio de Janeiro, but producers are moving into regional markets outside the major state capitals. The medical device market in 2013 is valued at US$5,918.9mn, equal to US$29.6 per capita.

The public health system (SUS), created in 1988, provides healthcare services to around 75% of the population and the private sector 25%. However, the majority of inpatient services within the SUS are operated by private providers, with more than two-thirds of hospital facilities operated by the private sector. Further private investment in the health sector is being encouraged through a public-private partnership scheme launched in 2008, which is supported by the International Finance Corporation, the Brazilian Development Bank and the Inter-American Development Bank.

Brazil has the second largest private health insurance sector in the Americas, after the USA, covering around 25% of the population, 48mn people, in 2012. The expansion of the private health insurance sector in recent years READ MORE >

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The Medical Device Market Is Forecast To Grow At A Cagr Of 13.3% In Us Dollar Terms Over The 2013-2018 Period Raising The Market Value To Usd 10.6Bn In 2018

1. The Medical Device Market: Brazil

Note: Product cover images may vary from those shown
The Medical Device Market Is Forecast To Grow At A Cagr Of 13.3% In Us Dollar Terms Over The 2013-2018 Period Raising The Market Value To Usd 10.6Bn In 2018

Brazil has the largest economy and medical device market in Latin America, but per capita medical expenditure is still very low. The highest expenditure is in the large cities, such as Sao Paulo or Rio de Janeiro, but producers are moving into regional markets outside the major state capitals. The relatively low density of the medical device market means Brazil continues to offer considerable potential for expansion, despite sluggish economic growth and a depreciating real which is making imported products more expensive. The country has a well-established medical industry, comprising local and multinational companies, which primarily serves the domestic market. The strength of the local manufacturing industry means that imports hold a lower share of the market than in other parts of Latin America. We forecast that the import share will fall still further over the longer term given t he current drive to expand domestic production into new product areas through technology transfers. The recent decision to grant tax breaks to domestically-produced devices will provide an additional boost for local manufacturers.

Headline Industry Forecasts:

The medical device market was valued at USD5.6bn in 2013, making it the largest medical device market in Latin America. Per capita spending remains low at USD28.2 in 2013. The medical device market is forecast to grow at a CAGR of 13.3% in US dollar terms over the 2013-2018 period raising the market value to USD10.6bn in 2018.

Medical device imports supply just over half of the medical device market and were valued at USD3.0bn in 2013, having grown at a 2008-2013 CAGR of 11.4%. The running annual total amounted to USD3.1bn in the 12 months to November 2014, representing y-o-y growth of -0.9%, largely due to the weakening of the real. Imports tend to be high-tech medical equipment not produced locally.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

Our Clients

STILLE Surgical Instruments Alcon Incorporated Hoya Surgical Optics, Inc. Hollister Inc. PerkinElmer, Inc. Cyberonics, Inc.